0001506222-12-000002.txt : 20120514 0001506222-12-000002.hdr.sgml : 20120514 20120514173230 ACCESSION NUMBER: 0001506222-12-000002 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20120511 DATE AS OF CHANGE: 20120514 SUBJECT COMPANY: 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: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-86844 FILM NUMBER: 12839968 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 FILED BY: 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: SC 13G 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 SC 13G 1 13fmar2012a.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: 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: 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: Henrik Baernholdt Title: Controller Phone: +45 36347438 Signature, Place, and Date of Signing: /s/ Henrik Baernholdt, Denmark March 31, 2012 ------------------------- ----------------- ----------------- 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: 289 ------------- Form 13F Information Table Value Total: $235,791,199 ------------- (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 ---------------------------- ----------------- --------- ---------- ----------- --- -------- ---- ---------- --------- AU Optronics Corp ADR 00225510 284,93 62.869,00 SH SOLE 62.869,00 AV Homes Inc COM 00234P10 43,58 3.600,00 SH SOLE 3.600,00 Advanced Semiconductor Engin ADR 00756M40 152,61 29.932,00 SH SOLE 29.932,00 Air Methods Corp COM 00912830 86,72 1.000,00 SH SOLE 1.000,00 Airgas Inc COM 00936310 247,59 2.800,00 SH SOLE 2.800,00 Alaska Air Group Inc COM 01165910 99,68 2.800,00 SH SOLE 2.800,00 Alcoa Inc COM 01381710 199,17 20.000,00 SH SOLE 20.000,00 Alleghany Corp COM 01717510 351,95 1.076,00 SH SOLE 1.076,00 Allstate Corp/The COM 02000210 115,92 3.543,00 SH SOLE 3.543,00 Ameren Corp COM 02360810 453,33 14.000,00 SH SOLE 14.000,00 American Equity Investment L COM 02567620 166,26 13.100,00 SH SOLE 13.100,00 American Express Co COM 02581610 258,78 4.500,00 SH SOLE 4.500,00 American National Insurance COM 02859110 115,32 1.600,00 SH SOLE 1.600,00 American Railcar Industries COM 02916P10 77,11 3.300,00 SH SOLE 3.300,00 America's Car-Mart Inc/TX COM 03062T10 61,20 1.400,00 SH SOLE 1.400,00 AMERIGROUP Corp COM 03073T10 60,18 900,00 SH SOLE 900,00 Ameriprise Financial Inc COM 03076C10 170,34 3.000,00 SH SOLE 3.000,00 AMETEK Inc COM 03110010 289,28 6.000,00 SH SOLE 6.000,00 Amtrust Financial Services I COM 03235930 106,86 4.000,00 SH SOLE 4.000,00 Annaly Capital Management In COM 03571040 81,76 5.200,00 SH SOLE 5.200,00 Apogee Enterprises Inc COM 03759810 1.458,60 113.326,00 SH SOLE 113.326,00 Apollo Investment Corp COM 03761U10 37,17 5.216,00 SH SOLE 5.216,00 Apple Inc COM 03783310 1.310,77 2.200,00 SH SOLE 2.200,00 Ares Capital Corp COM 04010L10 99,42 6.118,00 SH SOLE 6.118,00 Ashford Hospitality Trust In COM 04410310 161,19 18.000,00 SH SOLE 18.000,00 Ashland Inc COM 04420910 60,69 1.000,00 SH SOLE 1.000,00 Assurant Inc COM 04621X10 422,65 10.500,00 SH SOLE 10.500,00 BB&T Corp COM 05493710 374,38 12.000,00 SH SOLE 12.000,00 Ball Corp COM 05849810 554,03 13.000,00 SH SOLE 13.000,00 Bank of America Corp COM 06050510 316,32 33.257,00 SH SOLE 33.257,00 Biogen Idec Inc COM 09062X10 225,36 1.800,00 SH SOLE 1.800,00 BJ's Restaurants Inc COM 09180C10 125,11 2.500,00 SH SOLE 2.500,00 Black Box Corp COM 09182610 126,77 5.000,00 SH SOLE 5.000,00 Blyth Inc COM 09643P20 66,94 900,00 SH SOLE 900,00 Boise Inc COM 09746Y10 122,40 15.000,00 SH SOLE 15.000,00 Boston Scientific Corp COM 10113710 297,17 50.000,00 SH SOLE 50.000,00 BRF - Brasil Foods SA ADR 10552T10 636,40 32.000,00 SH SOLE 32.000,00 Buckeye Technologies Inc COM 11825510 84,41 2.500,00 SH SOLE 2.500,00 CBS Corp CL B 12485720 525,76 15.600,00 SH SOLE 15.600,00 CF Industries Holdings Inc COM 12526910 326,76 1.800,00 SH SOLE 1.800,00 CSS Industries Inc COM 12590610 38,68 2.000,00 SH SOLE 2.000,00 CRA International Inc COM 12618T10 75,20 3.000,00 SH SOLE 3.000,00 CNO Financial Group Inc COM 12621E10 77,32 10.000,00 SH SOLE 10.000,00 Capital One Financial Corp COM 14040H10 553,99 10.000,00 SH SOLE 10.000,00 Capital Southwest Corp COM 14050110 125,26 1.333,00 SH SOLE 1.333,00 Cardinal Health Inc COM 14149Y10 214,23 5.000,00 SH SOLE 5.000,00 Cash America International I COM 14754D10 47,64 1.000,00 SH SOLE 1.000,00 Catalyst Health Solutions In COM 14888B10 44,34 700,00 SH SOLE 700,00 Cathay General Bancorp COM 14915010 123,14 7.000,00 SH SOLE 7.000,00 Celgene Corp COM 15102010 215,73 2.800,00 SH SOLE 2.800,00 Eletrobras SA ADR 15234Q10 766,88 60.000,00 SH SOLE 60.000,00 CenturyLink Inc COM 15670010 533,95 13.900,00 SH SOLE 13.900,00 Chart Industries Inc COM 16115Q30 109,32 1.500,00 SH SOLE 1.500,00 Chubb Corp/The COM 17123210 604,45 8.800,00 SH SOLE 8.800,00 Chunghwa Telecom Co Ltd ADR 17133Q50 482,21 15.773,00 SH SOLE 15.773,00 Church & Dwight Co Inc COM 17134010 215,11 4.400,00 SH SOLE 4.400,00 Cincinnati Financial Corp COM 17206210 514,48 15.000,00 SH SOLE 15.000,00 Citigroup Inc COM 17296742 176,51 4.859,00 SH SOLE 4.859,00 Clean Harbors Inc COM 18449610 66,92 1.000,00 SH SOLE 1.000,00 Coca-Cola Co/The COM 19121610 750,29 10.200,00 SH SOLE 10.200,00 Coinstar Inc COM 19259P30 113,69 1.800,00 SH SOLE 1.800,00 Comcast Corp COM 20030N20 586,59 20.000,00 SH SOLE 20.000,00 Comerica Inc COM 20034010 305,54 9.500,00 SH SOLE 9.500,00 Cia Energetica de Minas Gera ADR 20440960 590,86 25.000,00 SH SOLE 25.000,00 Cia Paranaense de Energia ADR 20441B40 257,03 11.000,00 SH SOLE 11.000,00 Cia de Bebidas das Americas ADR 20441W20 533,88 13.000,00 SH SOLE 13.000,00 Corning Inc COM 21935010 8.229,70 588.082,00 SH SOLE 588.082,00 Costco Wholesale Corp COM 22160K10 487,32 5.400,00 SH SOLE 5.400,00 CoStar Group Inc COM 22160N10 48,04 700,00 SH SOLE 700,00 Coventry Health Care Inc COM 22286210 689,37 19.500,00 SH SOLE 19.500,00 Cracker Barrel Old Country S COM 22410J10 110,92 2.000,00 SH SOLE 2.000,00 Credit Acceptance Corp COM 22531010 90,35 900,00 SH SOLE 900,00 DSW Inc COM 23334L10 38,10 700,00 SH SOLE 700,00 DXP Enterprises Inc COM 23337740 108,06 2.500,00 SH SOLE 2.500,00 DealerTrack Holdings Inc COM 24230910 105,26 3.500,00 SH SOLE 3.500,00 Dick's Sporting Goods Inc COM 25339310 95,57 2.000,00 SH SOLE 2.000,00 Dollar General Corp COM 25667710 229,59 5.000,00 SH SOLE 5.000,00 Dollar Thrifty Automotive Gr COM 25674310 96,50 1.200,00 SH SOLE 1.200,00 Dresser-Rand Group Inc COM 26160810 36,89 800,00 SH SOLE 800,00 Duke Energy Corp COM 26441C10 333,16 15.955,00 SH SOLE 15.955,00 Dycom Industries Inc COM 26747510 81,26 3.500,00 SH SOLE 3.500,00 Dycom Industries Inc COM 26747510 81,26 3.500,00 SH SOLE 3.500,00 EQT Corp COM 26884L10 172,49 3.600,00 SH SOLE 3.600,00 EchoStar Corp CL B 27876810 184,59 6.600,00 SH SOLE 6.600,00 Ecopetrol SA ADR 27915810 212,51 3.500,00 SH SOLE 3.500,00 Edison International COM 28102010 422,50 10.000,00 SH SOLE 10.000,00 El Paso Corp COM 28336L10 563,89 19.200,00 SH SOLE 19.200,00 Equinix Inc COM 29444U50 140,84 900,00 SH SOLE 900,00 Exelon Corp COM 30161N10 198,36 5.090,00 SH SOLE 5.090,00 Expedia Inc COM 30212P30 232,65 7.000,00 SH SOLE 7.000,00 Exponent Inc COM 30214U10 57,87 1.200,00 SH SOLE 1.200,00 Exxon Mobil Corp COM 30231G10 629,26 7.300,00 SH SOLE 7.300,00 FEI Co COM 30241L10 78,10 1.600,00 SH SOLE 1.600,00 FARO Technologies Inc COM 31164210 57,97 1.000,00 SH SOLE 1.000,00 Fifth Third Bancorp COM 31677310 106,74 7.644,00 SH SOLE 7.644,00 First American Financial Cor COM 31847R10 122,31 7.400,00 SH SOLE 7.400,00 First Citizens BancShares In CL B 31946M10 90,79 500,00 SH SOLE 500,00 First Merchants Corp COM 32081710 36,79 3.000,00 SH SOLE 3.000,00 Fred's Inc CL B 35610810 1.641,97 113.077,00 SH SOLE 113.077,00 Frisch's Restaurants Inc COM 35874810 730,54 27.274,00 SH SOLE 27.274,00 GameStop Corp CL B 36467W10 195,36 9.000,00 SH SOLE 9.000,00 Gardner Denver Inc COM 36555810 93,95 1.500,00 SH SOLE 1.500,00 General Cable Corp COM 36930010 83,82 2.900,00 SH SOLE 2.900,00 General Mills Inc COM 37033410 235,25 6.000,00 SH SOLE 6.000,00 Genesee & Wyoming Inc COM 37155910 54,25 1.000,00 SH SOLE 1.000,00 Genworth Financial Inc COM 37247D10 82,69 10.000,00 SH SOLE 10.000,00 Gibraltar Industries Inc COM 37468910 180,69 12.000,00 SH SOLE 12.000,00 Goodrich Corp COM 38238810 249,35 2.000,00 SH SOLE 2.000,00 WW Grainger Inc COM 38480210 448,34 2.100,00 SH SOLE 2.100,00 Hain Celestial Group Inc/The COM 40521710 113,21 2.600,00 SH SOLE 2.600,00 Hanover Insurance Group Inc/ COM 41086710 61,30 1.500,00 SH SOLE 1.500,00 Hartford Financial Services COM 41651510 164,57 7.855,00 SH SOLE 7.855,00 HEICO Corp COM 42280610 51,27 1.000,00 SH SOLE 1.000,00 Hexcel Corp COM 42829110 95,45 4.000,00 SH SOLE 4.000,00 Horace Mann Educators Corp COM 44032710 156,84 8.956,00 SH SOLE 8.956,00 Hormel Foods Corp COM 44045210 434,22 14.800,00 SH SOLE 14.800,00 Hurco Cos Inc COM 44732410 67,39 2.400,00 SH SOLE 2.400,00 Iberiabank Corp COM 45082810 31,89 600,00 SH SOLE 600,00 Infinity Property & Casualty COM 45665Q10 52,01 1.000,00 SH SOLE 1.000,00 Innospec Inc COM 45768S10 75,49 2.500,00 SH SOLE 2.500,00 Innophos Holdings Inc COM 45774N10 74,72 1.500,00 SH SOLE 1.500,00 IBM COM 45920010 264,61 1.276,00 SH SOLE 1.276,00 International Speedway Corp CL B 46033520 9.836,37 356.640,00 SH SOLE 356.640,00 Iron Mountain Inc COM 46284610 177,47 6.200,00 SH SOLE 6.200,00 ITC Holdings Corp COM 46568510 68,82 900,00 SH SOLE 900,00 JPMorgan Chase & Co COM 46625H10 977,00 21.379,00 SH SOLE 21.379,00 KB Financial Group Inc ADR 48241A10 525,25 14.400,00 SH SOLE 14.400,00 KT Corp ADR 48268K10 357,85 26.300,00 SH SOLE 26.300,00 Kaiser Aluminum Corp COM 48300770 150,31 3.200,00 SH SOLE 3.200,00 Kansas City Life Insurance C COM 48483610 38,40 1.200,00 SH SOLE 1.200,00 Kansas City Southern COM 48517030 128,25 1.800,00 SH SOLE 1.800,00 Kelly Services Inc CL B 48815220 133,49 8.400,00 SH SOLE 8.400,00 Kemper Corp COM 48840110 58,78 1.953,00 SH SOLE 1.953,00 KeyCorp COM 49326710 185,86 22.000,00 SH SOLE 22.000,00 Kimball International Inc CL B 49427410 24,04 3.500,00 SH SOLE 3.500,00 Kindred Healthcare Inc COM 49458010 72,99 8.500,00 SH SOLE 8.500,00 Korea Electric Power Corp ADR 50063110 385,85 39.900,00 SH SOLE 39.900,00 Liberty Global Inc CL B 53055510 248,87 5.000,00 SH SOLE 5.000,00 LifePoint Hospitals Inc COM 53219L10 86,24 2.200,00 SH SOLE 2.200,00 Ltd Brands Inc COM 53271610 333,95 7.000,00 SH SOLE 7.000,00 Lincoln National Corp COM 53418710 301,29 11.500,00 SH SOLE 11.500,00 Loews Corp COM 54042410 309,08 7.800,00 SH SOLE 7.800,00 MVC Capital Inc COM 55382910 132,39 10.145,00 SH SOLE 10.145,00 MWI Veterinary Supply Inc COM 55402X10 166,18 1.900,00 SH SOLE 1.900,00 Steven Madden Ltd COM 55626910 86,04 2.025,00 SH SOLE 2.025,00 MAXIMUS Inc COM 57793310 64,67 1.600,00 SH SOLE 1.600,00 McCormick & Co Inc/MD COM 57978020 119,01 2.200,00 SH SOLE 2.200,00 Measurement Specialties Inc COM 58342110 66,99 2.000,00 SH SOLE 2.000,00 MEDNAX Inc COM 58502B10 73,92 1.000,00 SH SOLE 1.000,00 MetLife Inc COM 59156R10 643,50 17.335,00 SH SOLE 17.335,00 Microsoft Corp COM 59491810 224,37 7.000,00 SH SOLE 7.000,00 Micron Technology Inc COM 59511210 120,76 15.000,00 SH SOLE 15.000,00 Middleby Corp COM 59627810 40,22 400,00 SH SOLE 400,00 Molson Coors Brewing Co CL B 60871R20 179,89 4.000,00 SH SOLE 4.000,00 Morgan Stanley COM 61744644 408,71 20.938,00 SH SOLE 20.938,00 Morningstar Inc COM 61770010 43,87 700,00 SH SOLE 700,00 NGP Capital Resources Co COM 62912R10 39,06 6.000,00 SH SOLE 6.000,00 NRG Energy Inc COM 62937750 233,61 15.000,00 SH SOLE 15.000,00 NASDAQ OMX Group Inc/The COM 63110310 193,06 7.500,00 SH SOLE 7.500,00 National Western Life Insura CL B 63852210 81,62 600,00 SH SOLE 600,00 Navigators Group Inc/The COM 63890410 61,04 1.300,00 SH SOLE 1.300,00 Natuzzi SpA ADR 63905A10 1.295,91 476.718,00 SH SOLE 476.718,00 NIKE Inc COM 65410610 258,66 2.400,00 SH SOLE 2.400,00 NiSource Inc COM 65473P10 401,74 16.600,00 SH SOLE 16.600,00 NorthStar Realty Finance Cor COM 66704R10 22,47 4.179,00 SH SOLE 4.179,00 Northwest Pipe Co COM 66774610 126,66 6.000,00 SH SOLE 6.000,00 Nuance Communications Inc COM 67020Y10 203,39 8.000,00 SH SOLE 8.000,00 Oi SA ADR 67085120 458,28 29.000,00 SH SOLE 29.000,00 OM Group Inc COM 67087210 41,01 1.500,00 SH SOLE 1.500,00 O'Reilly Automotive Inc COM 67103H10 272,37 3.000,00 SH SOLE 3.000,00 Oil States International Inc COM 67802610 38,79 500,00 SH SOLE 500,00 Old Republic International C COM 68022310 177,47 16.925,00 SH SOLE 16.925,00 Omnicare Inc COM 68190410 777,75 22.000,00 SH SOLE 22.000,00 ONEOK Inc COM 68268010 243,48 3.000,00 SH SOLE 3.000,00 Owens Corning COM 69074210 193,37 5.400,00 SH SOLE 5.400,00 POSCO ADR 69348310 524,09 6.300,00 SH SOLE 6.300,00 PNM Resources Inc COM 69349H10 200,07 11.000,00 SH SOLE 11.000,00 PVH Corp COM 69365610 44,39 500,00 SH SOLE 500,00 Papa John's International In COM 69881310 74,86 2.000,00 SH SOLE 2.000,00 Patterson-UTI Energy Inc COM 70348110 9.822,88 571.613,00 SH SOLE 571.613,00 JC Penney Co Inc COM 70816010 11.747,64 333.608,00 SH SOLE 333.608,00 Petroleo Brasileiro SA ADR 71654V10 851,02 33.500,00 SH SOLE 33.500,00 Petroleo Brasileiro SA ADR 71654V40 369,57 14.000,00 SH SOLE 14.000,00 PetSmart Inc COM 71676810 574,39 10.100,00 SH SOLE 10.100,00 PharMerica Corp COM 71714F10 111,19 9.000,00 SH SOLE 9.000,00 Popular Inc COM 73317410 52,97 26.000,00 SH SOLE 26.000,00 Post Holdings Inc COM 73744610 37,64 1.150,00 SH SOLE 1.150,00 Praxair Inc COM 74005P10 170,91 1.500,00 SH SOLE 1.500,00 Provident Financial Services COM 74386T10 86,65 6.000,00 SH SOLE 6.000,00 Prudential Financial Inc COM 74432010 170,11 2.700,00 SH SOLE 2.700,00 Public Storage COM 74460D10 219,72 1.600,00 SH SOLE 1.600,00 Quest Diagnostics Inc COM 74834L10 194,48 3.200,00 SH SOLE 3.200,00 RAIT Financial Trust COM 74922760 6,58 1.333,00 SH SOLE 1.333,00 RadioShack Corp COM 75043810 5.191,97 839.848,00 SH SOLE 839.848,00 Ralcorp Holdings Inc COM 75102810 169,36 2.300,00 SH SOLE 2.300,00 Ralph Lauren Corp COM 75121210 311,88 1.800,00 SH SOLE 1.800,00 Red Robin Gourmet Burgers In COM 75689M10 110,89 3.000,00 SH SOLE 3.000,00 Regis Corp COM 75893210 109,90 6.000,00 SH SOLE 6.000,00 Regions Financial Corp COM 7591EP10 294,74 45.000,00 SH SOLE 45.000,00 Reinsurance Group of America COM 75935160 159,59 2.700,00 SH SOLE 2.700,00 Robbins & Myers Inc COM 77019610 51,73 1.000,00 SH SOLE 1.000,00 Roper Industries Inc COM 77669610 285,81 2.900,00 SH SOLE 2.900,00 Rosetta Resources Inc COM 77777930 72,69 1.500,00 SH SOLE 1.500,00 SK Telecom Co Ltd ADR 78440P10 532,26 38.500,00 SH SOLE 38.500,00 SM Energy Co COM 78454L10 70,34 1.000,00 SH SOLE 1.000,00 Safety Insurance Group Inc COM 78648T10 82,77 2.000,00 SH SOLE 2.000,00 Sandy Spring Bancorp Inc COM 80036310 45,15 2.500,00 SH SOLE 2.500,00 Scholastic Corp COM 80706610 14.739,40 420.349,00 SH SOLE 420.349,00 Schweitzer-Mauduit Internati COM 80854110 68,64 1.000,00 SH SOLE 1.000,00 SeaBright Holdings Inc COM 81165610 81,54 9.025,00 SH SOLE 9.025,00 SEACOR Holdings Inc COM 81190410 113,19 1.189,00 SH SOLE 1.189,00 Shinhan Financial Group Co L ADR 82459610 536,40 7.000,00 SH SOLE 7.000,00 Shuffle Master Inc COM 82554910 122,45 7.000,00 SH SOLE 7.000,00 Signature Bank/New York NY COM 82669G10 93,98 1.500,00 SH SOLE 1.500,00 SkyWest Inc COM 83087910 68,27 6.216,00 SH SOLE 6.216,00 Smart Balance Inc COM 83169Y10 98,54 15.000,00 SH SOLE 15.000,00 Speedway Motorsports Inc COM 84778810 64,98 3.500,00 SH SOLE 3.500,00 Sprint Nextel Corp COM 85206110 311,58 110.000,00 SH SOLE 110.000,00 Stepan Co COM 85858610 104,72 1.200,00 SH SOLE 1.200,00 SunTrust Banks Inc COM 86791410 377,44 15.712,00 SH SOLE 15.712,00 Superior Industries Internat COM 86816810 0,95 49,00 SH SOLE 49,00 Susquehanna Bancshares Inc COM 86909910 49,10 5.000,00 SH SOLE 5.000,00 Synovus Financial Corp COM 87161C10 40,75 20.000,00 SH SOLE 20.000,00 TSMC ADR 87403910 733,01 48.267,00 SH SOLE 48.267,00 Tech Data Corp COM 87823710 129,43 2.400,00 SH SOLE 2.400,00 Tecumseh Products Co CL B 87889520 23,97 6.000,00 SH SOLE 6.000,00 Tesoro Corp COM 88160910 186,73 7.000,00 SH SOLE 7.000,00 Tidewater Inc COM 88642310 13.522,06 251.852,00 SH SOLE 251.852,00 Tim Participacoes SA ADR 88706P20 224,44 7.000,00 SH SOLE 7.000,00 Time Warner Inc COM 88731730 371,40 9.899,00 SH SOLE 9.899,00 Titan International Inc COM 88830M10 94,02 4.000,00 SH SOLE 4.000,00 Towers Watson & Co CL B 89189410 39,40 600,00 SH SOLE 600,00 Tractor Supply Co COM 89235610 153,01 1.700,00 SH SOLE 1.700,00 Travelers Cos Inc/The COM 89417E10 12.958,84 220.243,00 SH SOLE 220.243,00 Triumph Group Inc COM 89681810 105,87 1.700,00 SH SOLE 1.700,00 Tuesday Morning Corp COM 89903550 1.442,02 377.837,00 SH SOLE 377.837,00 Twin Disc Inc COM 90147610 33,71 1.300,00 SH SOLE 1.300,00 URS Corp COM 90323610 414,15 9.800,00 SH SOLE 9.800,00 Umpqua Holdings Corp COM 90421410 109,65 8.136,00 SH SOLE 8.136,00 Union Pacific Corp COM 90781810 459,34 4.300,00 SH SOLE 4.300,00 United Community Banks Inc/G COM 90984P30 7,93 818,00 SH SOLE 818,00 United Microelectronics Corp ADR 91087340 449,15 184.453,00 SH SOLE 184.453,00 Universal American Corp/NY COM 91338E10 64,28 6.000,00 SH SOLE 6.000,00 Unum Group COM 91529Y10 527,97 21.700,00 SH SOLE 21.700,00 VF Corp COM 91820410 435,26 3.000,00 SH SOLE 3.000,00 Valero Energy Corp COM 91913Y10 17.347,50 677.299,00 SH SOLE 677.299,00 Valmont Industries Inc COM 92025310 116,69 1.000,00 SH SOLE 1.000,00 Viacom Inc CL B 92553P20 283,02 6.000,00 SH SOLE 6.000,00 Visa Inc COM 92826C83 234,56 2.000,00 SH SOLE 2.000,00 Vishay Intertechnology Inc COM 92829810 14.063,28 1.163.621,00 SH SOLE 1.163.621,00 WSFS Financial Corp COM 92932810 48,90 1.200,00 SH SOLE 1.200,00 Wabtec Corp/DE COM 92974010 44,95 600,00 SH SOLE 600,00 Wal-Mart Stores Inc COM 93114210 231,14 3.800,00 SH SOLE 3.800,00 Watson Pharmaceuticals Inc COM 94268310 439,89 6.600,00 SH SOLE 6.600,00 Webster Financial Corp COM 94789010 146,45 6.500,00 SH SOLE 6.500,00 Weight Watchers Internationa COM 94862610 53,70 700,00 SH SOLE 700,00 Weis Markets Inc COM 94884910 490,40 11.317,00 SH SOLE 11.317,00 WellPoint Inc COM 94973V10 858,18 11.700,00 SH SOLE 11.700,00 Western Digital Corp COM 95810210 15.815,60 384.457,00 SH SOLE 384.457,00 Whirlpool Corp COM 96332010 15.383,49 201.378,00 SH SOLE 201.378,00 Williams Cos Inc/The COM 96945710 275,59 9.000,00 SH SOLE 9.000,00 Wintrust Financial Corp COM 97650W10 80,75 2.270,00 SH SOLE 2.270,00 Woodward Inc COM 98074510 102,16 2.400,00 SH SOLE 2.400,00 Woori Finance Holdings Co Lt ADR 98106310 462,90 13.500,00 SH SOLE 13.500,00 Wright Express Corp COM 98233Q10 38,60 600,00 SH SOLE 600,00 Zions Bancorporation COM 98970110 206,89 9.700,00 SH SOLE 9.700,00 Allied World Assurance Co Ho COM N.A. 189,19 2.772,00 SH SOLE 2.772,00 Deutsche Bank AG COM N.A. 691,25 14.000,00 SH SOLE 14.000,00 Axis Capital Holdings Ltd COM N.A. 643,59 19.522,00 SH SOLE 19.522,00 Everest Re Group Ltd COM N.A. 680,46 7.400,00 SH SOLE 7.400,00 Platinum Underwriters Holdin COM N.A. 111,59 3.076,00 SH SOLE 3.076,00 Alterra Capital Holdings Ltd COM N.A. 70,23 3.075,00 SH SOLE 3.075,00 Endurance Specialty Holdings COM N.A. 183,43 4.539,00 SH SOLE 4.539,00 Bunge Ltd COM N.A. 578,18 8.500,00 SH SOLE 8.500,00 Aspen Insurance Holdings Ltd COM N.A. 83,31 3.000,00 SH SOLE 3.000,00 ACE Ltd COM N.A. 582,02 8.000,00 SH SOLE 8.000,00 Aircastle Ltd COM N.A. 109,49 9.000,00 SH SOLE 9.000,00 Global Indemnity Plc COM N.A. 81,40 4.202,00 SH SOLE 4.202,00 Nabors Industries Ltd COM N.A. 278,13 16.000,00 SH SOLE 16.000,00 Noble Corp COM N.A. 18.575,20 498.778,00 SH SOLE 498.778,00 PartnerRe Ltd COM N.A. 602,62 8.931,00 SH SOLE 8.931,00 Royal Caribbean Cruises Ltd COM N.A. 482,63 16.500,00 SH SOLE 16.500,00 Seadrill Ltd COM N.A. 185,92 5.000,00 SH 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