0001506222-12-000005.txt : 20121119 0001506222-12-000005.hdr.sgml : 20121119 20121119094250 ACCESSION NUMBER: 0001506222-12-000005 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120930 FILED AS OF DATE: 20121119 DATE AS OF CHANGE: 20121119 EFFECTIVENESS DATE: 20121119 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: 121213328 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 13fsep2012.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: 09/30/2012 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: Kim Zartow Title: Controller Phone: +45 36347466 Signature, Place, and Date of Signing: /s/ Kim Zartow, Denmark november 16, 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: 268 ------------- Form 13F Information Table Value Total: $186.650.516 ------------- 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 09/30/2012
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 ---------------------------- ----------------- --------- ---------- ----------- --- -------- ---- ---------- --------- NAME OF ISSUER TITLE CUSIP MARKET VALUE SHARES / PRN SH/ INVES VOTING AUTHO (x$1000) SOLE AOL Inc COM 00184X10 156,13 4.400,00 SH SOLE 4.400,00 AU Optronics Corp ADR 00225510 220,37 62.869,00 SH SOLE 62.869,00 AZZ Inc COM 00247410 76,51 2.000,00 SH SOLE 2.000,00 Acuity Brands Inc COM 00508Y10 57,37 900,00 SH SOLE 900,00 Acxiom Corp COM 00512510 55,21 3.000,00 SH SOLE 3.000,00 Advanced Semiconductor Engin ADR 00756M40 128,18 34.118,00 SH SOLE 34.118,00 Air Methods Corp COM 00912830 120,23 1.000,00 SH SOLE 1.000,00 Airgas Inc COM 00936310 232,11 2.800,00 SH SOLE 2.800,00 Alcoa Inc COM 01381710 178,28 20.000,00 SH SOLE 20.000,00 Allstate Corp/The COM 02000210 759,75 19.043,00 SH SOLE 19.043,00 Ameren Corp COM 02360810 460,69 14.000,00 SH SOLE 14.000,00 American Capital Agency Corp COM 02503X10 522,60 15.000,00 SH SOLE 15.000,00 American Equity Investment L COM 02567620 153,46 13.100,00 SH SOLE 13.100,00 American Express Co COM 02581610 257,72 4.500,00 SH SOLE 4.500,00 American National Insurance COM 02859110 115,76 1.600,00 SH SOLE 1.600,00 American Vanguard Corp COM 03037110 105,16 3.000,00 SH SOLE 3.000,00 America's Car-Mart Inc/TX COM 03062T10 64,12 1.400,00 SH SOLE 1.400,00 AMETEK Inc COM 03110010 321,36 9.000,00 SH SOLE 9.000,00 Annaly Capital Management In COM 03571040 88,20 5.200,00 SH SOLE 5.200,00 Apollo Investment Corp COM 03761U10 41,35 5.216,00 SH SOLE 5.216,00 Apple Inc COM 03783310 1.478,59 2.200,00 SH SOLE 2.200,00 Ares Capital Corp COM 04010L10 105,62 6.118,00 SH SOLE 6.118,00 Ashford Hospitality Trust In COM 04410310 152,29 18.000,00 SH SOLE 18.000,00 Assurant Inc COM 04621X10 394,48 10.500,00 SH SOLE 10.500,00 BB&T Corp COM 05493710 227,12 6.800,00 SH SOLE 6.800,00 Ball Corp COM 05849810 277,00 6.500,00 SH SOLE 6.500,00 Bank of America Corp COM 06050510 295,78 33.257,00 SH SOLE 33.257,00 Bio-Reference Labs Inc COM 09057G60 66,21 2.300,00 SH SOLE 2.300,00 Biogen Idec Inc COM 09062X10 270,56 1.800,00 SH SOLE 1.800,00 Black Box Corp COM 09182610 128,47 5.000,00 SH SOLE 5.000,00 BlackRock Inc COM 09247X10 179,59 1.000,00 SH SOLE 1.000,00 Blyth Inc COM 09643P20 47,12 1.800,00 SH SOLE 1.800,00 Boise Inc COM 09746Y10 132,35 15.000,00 SH SOLE 15.000,00 Boston Scientific Corp COM 10113710 289,08 50.000,00 SH SOLE 50.000,00 BRF - Brasil Foods SA ADR 10552T10 243,95 14.000,00 SH SOLE 14.000,00 CBS Corp CL B 12485720 314,70 8.600,00 SH SOLE 8.600,00 CME Group Inc/IL COM 12572Q10 288,57 5.000,00 SH SOLE 5.000,00 CSS Industries Inc COM 12590610 41,40 2.000,00 SH SOLE 2.000,00 CRA International Inc COM 12618T10 52,22 3.000,00 SH SOLE 3.000,00 CNO Financial Group Inc COM 12621E10 97,20 10.000,00 SH SOLE 10.000,00 CVR Energy Inc COM 12662P10 74,03 2.000,00 SH SOLE 2.000,00 Capital One Financial Corp COM 14040H10 775,20 13.500,00 SH SOLE 13.500,00 Capital Southwest Corp COM 14050110 150,31 1.333,00 SH SOLE 1.333,00 Carter's Inc COM 14622910 119,30 2.200,00 SH SOLE 2.200,00 Cass Information Systems Inc COM 14808P10 54,96 1.300,00 SH SOLE 1.300,00 Catamaran Corp COM 14888710 45,59 462,00 SH SOLE 462,00 Cathay General Bancorp COM 14915010 121,69 7.000,00 SH SOLE 7.000,00 Eletrobras SA ADR 15234Q10 545,72 60.000,00 SH SOLE 60.000,00 CenturyLink Inc COM 15670010 179,05 4.400,00 SH SOLE 4.400,00 Chart Industries Inc COM 16115Q30 111,58 1.500,00 SH SOLE 1.500,00 Chubb Corp/The COM 17123210 345,74 4.500,00 SH SOLE 4.500,00 Chunghwa Telecom Co Ltd ADR 17133Q50 101,47 3.173,00 SH SOLE 3.173,00 Church & Dwight Co Inc COM 17134010 239,27 4.400,00 SH SOLE 4.400,00 Cincinnati Financial Corp COM 17206210 572,46 15.000,00 SH SOLE 15.000,00 Cirrus Logic Inc COM 17275510 77,34 2.000,00 SH SOLE 2.000,00 Citigroup Inc COM 17296742 160,14 4.859,00 SH SOLE 4.859,00 Citizens Republic Bancorp In COM 17442030 175,41 9.000,00 SH SOLE 9.000,00 Coca-Cola Co/The COM 19121610 779,37 20.400,00 SH SOLE 20.400,00 Comcast Corp CL B 20030N10 342,27 9.500,00 SH SOLE 9.500,00 Comcast Corp COM 20030N20 504,75 14.400,00 SH SOLE 14.400,00 Comerica Inc COM 20034010 297,11 9.500,00 SH SOLE 9.500,00 Cia Energetica de Minas Gera ADR 20440960 381,49 31.250,00 SH SOLE 31.250,00 Cia Paranaense de Energia ADR 20441B40 181,93 11.000,00 SH SOLE 11.000,00 Cia de Bebidas das Americas ADR 20441W20 501,11 13.000,00 SH SOLE 13.000,00 Cia Cervecerias Unidas SA ADR 20442910 215,54 3.000,00 SH SOLE 3.000,00 Corning Inc COM 21935010 7.806,34 589.470,00 SH SOLE 589.470,00 Costco Wholesale Corp COM 22160K10 272,29 2.700,00 SH SOLE 2.700,00 CoStar Group Inc COM 22160N10 57,49 700,00 SH SOLE 700,00 Coventry Health Care Inc COM 22286210 818,84 19.500,00 SH SOLE 19.500,00 Cracker Barrel Old Country S COM 22410J10 135,19 2.000,00 SH SOLE 2.000,00 Credit Acceptance Corp COM 22531010 77,52 900,00 SH SOLE 900,00 Crown Castle International C COM 22822710 258,25 4.000,00 SH SOLE 4.000,00 Cymer Inc COM 23257210 51,43 1.000,00 SH SOLE 1.000,00 Cynosure Inc CL B 23257720 66,43 2.500,00 SH SOLE 2.500,00 DR Horton Inc COM 23331A10 270,26 13.000,00 SH SOLE 13.000,00 DSW Inc COM 23334L10 47,04 700,00 SH SOLE 700,00 DXP Enterprises Inc COM 23337740 120,29 2.500,00 SH SOLE 2.500,00 DealerTrack Holdings Inc COM 24230910 98,18 3.500,00 SH SOLE 3.500,00 Dick's Sporting Goods Inc COM 25339310 104,45 2.000,00 SH SOLE 2.000,00 Dillard's Inc CL B 25406710 72,84 1.000,00 SH SOLE 1.000,00 Dollar General Corp COM 25667710 259,56 5.000,00 SH SOLE 5.000,00 Dollar Thrifty Automotive Gr COM 25674310 105,07 1.200,00 SH SOLE 1.200,00 Dycom Industries Inc COM 26747510 50,69 3.500,00 SH SOLE 3.500,00 Eagle Materials Inc COM 26969P10 69,89 1.500,00 SH SOLE 1.500,00 Ecolab Inc COM 27886510 228,48 3.500,00 SH SOLE 3.500,00 Ecopetrol SA ADR 27915810 207,75 3.500,00 SH SOLE 3.500,00 Equifax Inc COM 29442910 239,28 5.100,00 SH SOLE 5.100,00 Equinix Inc COM 29444U50 415,08 2.000,00 SH SOLE 2.000,00 Exponent Inc COM 30214U10 69,00 1.200,00 SH SOLE 1.200,00 Exxon Mobil Corp COM 30231G10 672,41 7.300,00 SH SOLE 7.300,00 FEI Co COM 30241L10 86,22 1.600,00 SH SOLE 1.600,00 Fifth Third Bancorp COM 31677310 119,42 7.644,00 SH SOLE 7.644,00 First American Financial Cor COM 31847R10 161,52 7.400,00 SH SOLE 7.400,00 First Citizens BancShares In CL B 31946M10 82,04 500,00 SH SOLE 500,00 First Merchants Corp COM 32081710 45,36 3.000,00 SH SOLE 3.000,00 Frisch's Restaurants Inc COM 35874810 545,31 27.274,00 SH SOLE 27.274,00 Gap Inc/The COM 36476010 342,37 9.500,00 SH SOLE 9.500,00 General Cable Corp COM 36930010 85,82 2.900,00 SH SOLE 2.900,00 Genworth Financial Inc COM 37247D10 52,68 10.000,00 SH SOLE 10.000,00 Gibraltar Industries Inc COM 37468910 154,95 12.000,00 SH SOLE 12.000,00 WW Grainger Inc COM 38480210 440,74 2.100,00 SH SOLE 2.100,00 HDFC Bank Ltd ADR 40415F10 264,96 7.000,00 SH SOLE 7.000,00 Hain Celestial Group Inc/The COM 40521710 164,98 2.600,00 SH SOLE 2.600,00 Halcon Resources Corp COM 40537Q20 28,53 3.864,00 SH SOLE 3.864,00 Hanover Insurance Group Inc/ COM 41086710 56,29 1.500,00 SH SOLE 1.500,00 Hartford Financial Services COM 41651510 153,81 7.855,00 SH SOLE 7.855,00 Horace Mann Educators Corp COM 44032710 163,37 8.956,00 SH SOLE 8.956,00 Iberiabank Corp COM 45082810 27,68 600,00 SH SOLE 600,00 Infinity Property & Casualty COM 45665Q10 60,83 1.000,00 SH SOLE 1.000,00 IBM COM 45920010 266,62 1.276,00 SH SOLE 1.276,00 International Speedway Corp CL B 46033520 6.978,22 244.236,00 SH SOLE 244.236,00 JPMorgan Chase & Co COM 46625H10 871,68 21.379,00 SH SOLE 21.379,00 KB Financial Group Inc ADR 48241A10 511,85 14.400,00 SH SOLE 14.400,00 KT Corp ADR 48268K10 414,31 26.300,00 SH SOLE 26.300,00 Kaiser Aluminum Corp COM 48300770 188,20 3.200,00 SH SOLE 3.200,00 Kansas City Life Insurance C COM 48483610 46,57 1.200,00 SH SOLE 1.200,00 Kelly Services Inc CL B 48815220 106,61 8.400,00 SH SOLE 8.400,00 Kemper Corp COM 48840110 60,41 1.953,00 SH SOLE 1.953,00 KeyCorp COM 49326710 193,67 22.000,00 SH SOLE 22.000,00 Kinder Morgan Inc/Delaware COM 49456B10 290,62 8.123,00 SH SOLE 8.123,00 Kindred Healthcare Inc COM 49458010 97,43 8.500,00 SH SOLE 8.500,00 Korea Electric Power Corp ADR 50063110 499,14 39.900,00 SH SOLE 39.900,00 Korn/Ferry International COM 50064320 1.207,99 78.233,00 SH SOLE 78.233,00 LeapFrog Enterprises Inc COM 52186N10 90,85 10.000,00 SH SOLE 10.000,00 Liberty Global Inc CL B 53055510 305,95 5.000,00 SH SOLE 5.000,00 LifePoint Hospitals Inc COM 53219L10 94,80 2.200,00 SH SOLE 2.200,00 Ltd Brands Inc COM 53271610 208,39 4.200,00 SH SOLE 4.200,00 Lincoln National Corp COM 53418710 280,20 11.500,00 SH SOLE 11.500,00 Loews Corp COM 54042410 324,16 7.800,00 SH SOLE 7.800,00 Lowe's Cos Inc COM 54866110 286,31 9.400,00 SH SOLE 9.400,00 MVC Capital Inc COM 55382910 130,80 10.145,00 SH SOLE 10.145,00 MWI Veterinary Supply Inc COM 55402X10 107,45 1.000,00 SH SOLE 1.000,00 MAXIMUS Inc COM 57793310 96,24 1.600,00 SH SOLE 1.600,00 McCormick & Co Inc/MD COM 57978020 137,48 2.200,00 SH SOLE 2.200,00 MetLife Inc COM 59156R10 601,69 17.335,00 SH SOLE 17.335,00 Microsoft Corp COM 59491810 479,93 16.000,00 SH SOLE 16.000,00 Middleby Corp COM 59627810 93,18 800,00 SH SOLE 800,00 Mobile Telesystems OJSC ADR 60740910 247,05 14.000,00 SH SOLE 14.000,00 Molson Coors Brewing Co CL B 60871R20 181,50 4.000,00 SH SOLE 4.000,00 Morgan Stanley COM 61744644 353,04 20.938,00 SH SOLE 20.938,00 NRG Energy Inc COM 62937750 323,17 15.000,00 SH SOLE 15.000,00 NASDAQ OMX Group Inc/The COM 63110310 175,98 7.500,00 SH SOLE 7.500,00 National Western Life Insura CL B 63852210 86,57 600,00 SH SOLE 600,00 Navigators Group Inc/The COM 63890410 64,46 1.300,00 SH SOLE 1.300,00 Natuzzi SpA ADR 63905A10 1.040,56 453.688,00 SH SOLE 453.688,00 NorthStar Realty Finance Cor COM 66704R10 26,77 4.179,00 SH SOLE 4.179,00 Northwest Pipe Co COM 66774610 148,97 6.000,00 SH SOLE 6.000,00 Oi SA ADR 67085120 648,64 160.194,00 SH SOLE 160.194,00 OM Group Inc COM 67087210 28,01 1.500,00 SH SOLE 1.500,00 O'Reilly Automotive Inc COM 67103H10 379,01 4.500,00 SH SOLE 4.500,00 Old Republic International C COM 68022310 158,54 16.925,00 SH SOLE 16.925,00 Omnicare Inc COM 68190410 752,75 22.000,00 SH SOLE 22.000,00 On Assignment Inc COM 68215910 100,32 5.000,00 SH SOLE 5.000,00 ONEOK Inc COM 68268010 291,96 6.000,00 SH SOLE 6.000,00 Owens Corning COM 69074210 181,99 5.400,00 SH SOLE 5.400,00 PHI Inc COM 69336T20 105,84 3.340,00 SH SOLE 3.340,00 POSCO ADR 69348310 1.293,96 15.755,00 SH SOLE 15.755,00 PNM Resources Inc COM 69349H10 233,00 11.000,00 SH SOLE 11.000,00 PVH Corp COM 69365610 103,84 1.100,00 SH SOLE 1.100,00 Papa John's International In COM 69881310 107,59 2.000,00 SH SOLE 2.000,00 Patterson-UTI Energy Inc COM 70348110 9.482,65 594.609,00 SH SOLE 594.609,00 JC Penney Co Inc COM 70816010 8.315,03 339.919,00 SH SOLE 339.919,00 Peoples Bancorp Inc/OH COM 70978910 94,53 4.100,00 SH SOLE 4.100,00 People's United Financial In COM 71270410 244,56 20.000,00 SH SOLE 20.000,00 PepsiCo Inc COM 71344810 263,74 3.700,00 SH SOLE 3.700,00 Petroleo Brasileiro SA ADR 71654V10 1.963,79 88.341,00 SH SOLE 88.341,00 Petroleo Brasileiro SA ADR 71654V40 323,48 14.000,00 SH SOLE 14.000,00 PetSmart Inc COM 71676810 486,35 7.000,00 SH SOLE 7.000,00 PharMerica Corp COM 71714F10 114,76 9.000,00 SH SOLE 9.000,00 Portfolio Recovery Associate COM 73640Q10 73,63 700,00 SH SOLE 700,00 Post Holdings Inc COM 73744610 34,82 1.150,00 SH SOLE 1.150,00 Prestige Brands Holdings Inc COM 74112D10 102,50 6.000,00 SH SOLE 6.000,00 Prologis Inc COM 74340W10 370,48 10.500,00 SH SOLE 10.500,00 Protective Life Corp COM 74367410 105,60 4.000,00 SH SOLE 4.000,00 Provident Financial Services COM 74386T10 95,43 6.000,00 SH SOLE 6.000,00 Prudential Financial Inc COM 74432010 356,88 6.500,00 SH SOLE 6.500,00 Public Storage COM 74460D10 224,28 1.600,00 SH SOLE 1.600,00 RAIT Financial Trust COM 74922760 7,05 1.333,00 SH SOLE 1.333,00 RadioShack Corp COM 75043810 2.172,25 906.225,00 SH SOLE 906.225,00 Regions Financial Corp COM 7591EP10 326,80 45.000,00 SH SOLE 45.000,00 Reinsurance Group of America COM 75935160 69,95 1.200,00 SH SOLE 1.200,00 Roper Industries Inc COM 77669610 320,99 2.900,00 SH SOLE 2.900,00 SHFL Entertainment Inc COM 78423R10 111,47 7.000,00 SH SOLE 7.000,00 SK Telecom Co Ltd ADR 78440P10 1.493,52 101.980,00 SH SOLE 101.980,00 SVB Financial Group COM 78486Q10 66,99 1.100,00 SH SOLE 1.100,00 Safety Insurance Group Inc COM 78648T10 92,42 2.000,00 SH SOLE 2.000,00 Sandy Spring Bancorp Inc COM 80036310 48,47 2.500,00 SH SOLE 2.500,00 Scholastic Corp COM 80706610 11.301,51 353.090,00 SH SOLE 353.090,00 SeaBright Holdings Inc COM 81165610 99,99 9.025,00 SH SOLE 9.025,00 SEACOR Holdings Inc COM 81190410 99,83 1.189,00 SH SOLE 1.189,00 Shinhan Financial Group Co L ADR 82459610 473,38 7.000,00 SH SOLE 7.000,00 Signature Bank/New York NY COM 82669G10 101,35 1.500,00 SH SOLE 1.500,00 SkyWest Inc COM 83087910 64,68 6.216,00 SH SOLE 6.216,00 Smart Balance Inc COM 83169Y10 182,51 15.000,00 SH SOLE 15.000,00 Speedway Motorsports Inc COM 84778810 54,29 3.500,00 SH SOLE 3.500,00 Standex International Corp COM 85423110 44,77 1.000,00 SH SOLE 1.000,00 Stepan Co COM 85858610 116,18 1.200,00 SH SOLE 1.200,00 Stewart Information Services COM 86037210 149,83 7.386,00 SH SOLE 7.386,00 SunTrust Banks Inc COM 86791410 447,39 15.712,00 SH SOLE 15.712,00 Superior Industries Internat COM 86816810 0,84 49,00 SH SOLE 49,00 SurModics Inc COM 86887310 61,10 3.000,00 SH SOLE 3.000,00 Susquehanna Bancshares Inc COM 86909910 52,68 5.000,00 SH SOLE 5.000,00 Synovus Financial Corp COM 87161C10 47,74 20.000,00 SH SOLE 20.000,00 TSMC ADR 87403910 769,11 48.267,00 SH SOLE 48.267,00 Tech Data Corp COM 87823710 68,44 1.500,00 SH SOLE 1.500,00 Teledyne Technologies Inc COM 87936010 51,08 800,00 SH SOLE 800,00 Ternium SA ADR 88089010 512,82 25.950,00 SH SOLE 25.950,00 Tidewater Inc COM 88642310 10.080,30 206.242,00 SH SOLE 206.242,00 Tim Participacoes SA ADR 88706P20 135,51 7.000,00 SH SOLE 7.000,00 Torchmark Corp COM 89102710 217,23 4.200,00 SH SOLE 4.200,00 Total System Services Inc COM 89190610 262,59 11.000,00 SH SOLE 11.000,00 Travelers Cos Inc/The COM 89417E10 12.845,26 186.851,00 SH SOLE 186.851,00 Triple-S Management Corp CL B 89674910 63,15 3.000,00 SH SOLE 3.000,00 Turkcell Iletisim Hizmetleri ADR 90011120 152,50 10.000,00 SH SOLE 10.000,00 URS Corp COM 90323610 348,54 9.800,00 SH SOLE 9.800,00 USANA Health Sciences Inc COM 90328M10 102,97 2.200,00 SH SOLE 2.200,00 Umpqua Holdings Corp COM 90421410 105,63 8.136,00 SH SOLE 8.136,00 UniFirst Corp/MA COM 90470810 100,91 1.500,00 SH SOLE 1.500,00 Union Pacific Corp COM 90781810 514,10 4.300,00 SH SOLE 4.300,00 United Community Banks Inc/G COM 90984P30 6,91 818,00 SH SOLE 818,00 United Microelectronics Corp ADR 91087340 587,35 284.453,00 SH SOLE 284.453,00 Unum Group COM 91529Y10 420,09 21.700,00 SH SOLE 21.700,00 VF Corp COM 91820410 321,03 2.000,00 SH SOLE 2.000,00 Vale SA ADR 91912E20 577,67 33.037,00 SH SOLE 33.037,00 Valero Energy Corp COM 91913Y10 13.183,08 413.189,00 SH SOLE 413.189,00 Valmont Industries Inc COM 92025310 132,45 1.000,00 SH SOLE 1.000,00 Visa Inc COM 92826C83 270,50 2.000,00 SH SOLE 2.000,00 Vishay Intertechnology Inc COM 92829810 8.879,71 896.922,00 SH SOLE 896.922,00 WSFS Financial Corp COM 92932810 49,89 1.200,00 SH SOLE 1.200,00 Wabtec Corp/DE COM 92974010 48,52 600,00 SH SOLE 600,00 Wal-Mart Stores Inc COM 93114210 282,47 3.800,00 SH SOLE 3.800,00 Webster Financial Corp COM 94789010 155,16 6.500,00 SH SOLE 6.500,00 Weis Markets Inc COM 94884910 291,38 6.834,00 SH SOLE 6.834,00 WellPoint Inc COM 94973V10 683,63 11.700,00 SH SOLE 11.700,00 WESCO International Inc COM 95082P10 51,85 900,00 SH SOLE 900,00 Western Digital Corp COM 95810210 9.963,72 255.439,00 SH SOLE 255.439,00 Whirlpool Corp COM 96332010 8.368,08 100.218,00 SH SOLE 100.218,00 Williams Cos Inc/The COM 96945710 317,01 9.000,00 SH SOLE 9.000,00 Wintrust Financial Corp COM 97650W10 85,90 2.270,00 SH SOLE 2.270,00 Woori Finance Holdings Co Lt ADR 98106310 401,95 13.500,00 SH SOLE 13.500,00 World Acceptance Corp COM 98141910 67,94 1.000,00 SH SOLE 1.000,00 Wyndham Worldwide Corp COM 98310W10 280,16 5.300,00 SH SOLE 5.300,00 Zions Bancorporation COM 98970110 201,80 9.700,00 SH SOLE 9.700,00 ACE Ltd COM N.A. 609,18 8.000,00 SH SOLE 8.000,00 Aircastle Ltd COM N.A. 102,71 9.000,00 SH SOLE 9.000,00 Allied World Assurance Co Ho COM N.A. 215,69 2.772,00 SH SOLE 2.772,00 Alterra Capital Holdings Ltd COM N.A. 74,15 3.075,00 SH SOLE 3.075,00 Arch Capital Group Ltd COM N.A. 684,30 16.300,00 SH SOLE 16.300,00 Argo Group International Hol COM N.A. 123,97 3.800,00 SH SOLE 3.800,00 Aspen Insurance Holdings Ltd COM N.A. 92,13 3.000,00 SH SOLE 3.000,00 Axis Capital Holdings Ltd COM N.A. 686,64 19.522,00 SH SOLE 19.522,00 Bunge Ltd COM N.A. 574,05 8.500,00 SH SOLE 8.500,00 Cooper Industries PLC COM N.A. 264,61 3.500,00 SH SOLE 3.500,00 Deutsche Bank AG COM N.A. 995,99 25.000,00 SH SOLE 25.000,00 Endurance Specialty Holdings COM N.A. 90,70 2.339,00 SH SOLE 2.339,00 Everest Re Group Ltd COM N.A. 797,23 7.400,00 SH SOLE 7.400,00 Global Indemnity PLC COM N.A. 92,60 4.202,00 SH SOLE 4.202,00 Nabors Industries Ltd COM N.A. 226,10 16.000,00 SH SOLE 16.000,00 Noble Corp COM N.A. 11.003,59 305.361,00 SH SOLE 305.361,00 PartnerRe Ltd COM N.A. 668,19 8.931,00 SH SOLE 8.931,00 Platinum Underwriters Holdin COM N.A. 126,63 3.076,00 SH SOLE 3.076,00 RenaissanceRe Holdings Ltd COM N.A. 450,06 5.800,00 SH SOLE 5.800,00 Royal Caribbean Cruises Ltd COM N.A. 502,07 16.500,00 SH SOLE 16.500,00 Seadrill Ltd COM N.A. 354,23 9.000,00 SH SOLE 9.000,00 Seagate Technology PLC COM N.A. 374,69 12.000,00 SH SOLE 12.000,00 Validus Holdings Ltd COM N.A. 163,95 4.800,00 SH SOLE 4.800,00 White Mountains Insurance Gr COM N.A. 155,12 300,00 SH SOLE 300,00 XL Group PLC COM N.A. 738,22 30.500,00 SH SOLE 30.500,00