-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BgG3fFMtbnYs4MXuU5P0PAG4qyAQghyiPyDWhkrx443dFDMq/ZeUeKAU5iIP1Q9g SSgxk1R343uYpWNppVGtKA== 0000865733-08-000031.txt : 20081113 0000865733-08-000031.hdr.sgml : 20081113 20081113155803 ACCESSION NUMBER: 0000865733-08-000031 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080930 FILED AS OF DATE: 20081113 DATE AS OF CHANGE: 20081113 EFFECTIVENESS DATE: 20081113 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION CENTRAL INDEX KEY: 0000833018 IRS NUMBER: 530116145 STATE OF INCORPORATION: DC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-02316 FILM NUMBER: 081184997 BUSINESS ADDRESS: STREET 1: 4301 WILSON BLVD CITY: ARLINGTON STATE: VA ZIP: 22203 BUSINESS PHONE: 7039075500 MAIL ADDRESS: STREET 1: 4301 WILSON BLVD CITY: ARLINGTON STATE: VA ZIP: 22203 13F-HR 1 form13fhrq32008nreca.txt FORM 13F HOLDINGS REPORT FQE SEPTEMBER 30, 2008 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 2008 ------------------ 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: National Rural Electric Cooperative Association ----------------------------------------------- Address: 4301 Wilson Boulevard ----------------------------------------------- Arlington, Virginia 22203 ----------------------------------------------- Form 13F File Number: 028-02316 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Peter R. Morris ------------------------------------------- Title: Vice President and Chief Investment Officer ------------------------------------------- Phone: 703-907-6030 ------------------------------------------- Signature, Place and Date of Signing: /s/ Peter R. Morris Arlington, Virgina November 13, 2008 - ------------------- ------------------ ----------------- [Signature] [City, State] [Date] Report Type (Check only one): [X] 13F HOLDINGS REPORT [ ] 13F NOTICE [ ] 13F COMBINATION REPORT FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 --------------------- Form 13F Information Table Entry Total: 158 --------------------- Form 13F Information Table Value Total: 2,552,907 --------------------- (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. No. Form 13F File Number Name - --- -------------------- ----------------------- 1 028-04894 RE Advisers Corporation FORM 13F INFORMATION TABLE AS OF 09/30/2008 REPORTING MANAGER: National Rural Electric Cooperative Association ==================================================================================================================================== Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 - -------- -------- -------- -------- -------- -------- -------- -------- Title Shares or of Value Principal SH/ PUT/ Investment Other Voting Authority Name of Issuer Class Cusip (x$1,000) Amount PRN CALL Discretion Managers Sole Shared None ==================================================================================================================================== ABBOTT LABS CS 002824100 69,269 1,203,000 SH DEFINED N/A 1,203,000 ABBOTT LABS CS 002824100 23,665 411,000 SH DEFINED 1 411,000 ALBERTO CULVER CO CS 013078100 3,310 121,500 SH DEFINED N/A 121,500 ALBERTO CULVER CO CS 013078100 2,070 76,000 SH DEFINED 1 76,000 ALLSTATE CORP CS 020002101 32,136 696,799 SH DEFINED N/A 696,799 ALLSTATE CORP CS 020002101 13,467 292,000 SH DEFINED 1 292,000 APPLIED INDL TECHNOLOGIES INC CS 03820C105 3,315 123,085 SH DEFINED N/A 123,085 APPLIED INDL TECHNOLOGIES INC CS 03820C105 5,142 190,950 SH DEFINED 1 190,950 ASSET ACCEP CAP CORP CS 04543P100 1,839 174,500 SH DEFINED N/A 174,500 ASSET ACCEP CAP CORP CS 04543P100 1,314 124,700 SH DEFINED 1 124,700 ASTORIA FINL CORP CS 046265104 1,088 52,500 SH DEFINED N/A 52,500 ASTORIA FINL CORP CS 046265104 933 45,000 SH DEFINED 1 45,000 AVERY DENNISON CORP CS 053611109 37,417 841,200 SH DEFINED N/A 841,200 AVERY DENNISON CORP CS 053611109 16,127 362,572 SH DEFINED 1 362,572 BAKER HUGHES INC CS 057224107 36,409 601,400 SH DEFINED N/A 601,400 BAKER HUGHES INC CS 057224107 7,689 127,000 SH DEFINED 1 127,000 BANK AMER CORP CS 060505104 30,897 882,760 SH DEFINED N/A 882,760 BANK AMER CORP CS 060505104 8,351 238,600 SH DEFINED 1 238,600 BELDEN INC CS 077454106 3,246 102,100 SH DEFINED N/A 102,100 BELDEN INC CS 077454106 2,186 68,750 SH DEFINED 1 68,750 BEMIS CO INC CS 081437105 45,273 1,727,300 SH DEFINED N/A 1,727,300 BEMIS CO INC CS 081437105 11,679 445,600 SH DEFINED 1 445,600 BRINKER INTL INC CS 109641100 1,073 60,000 SH DEFINED N/A 60,000 BRINKER INTL INC CS 109641100 2,057 115,000 SH DEFINED 1 115,000 BRISTOL MYERS SQUIBB CO CS 110122108 59,116 2,835,300 SH DEFINED N/A 2,835,300 BRISTOL MYERS SQUIBB CO CS 110122108 17,779 852,700 SH DEFINED 1 852,700 CARDINAL FINL CORP CS 14149F109 1,297 160,500 SH DEFINED N/A 160,500 CARDINAL FINL CORP CS 14149F109 1,487 184,000 SH DEFINED 1 184,000 CARLISLE COS INC CS 142339100 5,098 170,100 SH DEFINED N/A 170,100 CARLISLE COS INC CS 142339100 2,425 80,900 SH DEFINED 1 80,900 CBRL GROUP INC CS 12489V106 2,827 107,500 SH DEFINED N/A 107,500 CBRL GROUP INC CS 12489V106 1,397 53,100 SH DEFINED 1 53,100 CHEVRON CORP CS 166764100 52,292 634,000 SH DEFINED N/A 634,000 CHEVRON CORP CS 166764100 16,991 206,000 SH DEFINED 1 206,000 CHUBB CORP CS 171232101 48,641 886,000 SH DEFINED N/A 886,000 CHUBB CORP CS 171232101 12,517 228,000 SH DEFINED 1 228,000 CIMAREX ENERGY CO CS 171798101 3,394 69,393 SH DEFINED N/A 69,393 CIMAREX ENERGY CO CS 171798101 1,927 39,400 SH DEFINED 1 39,400 CISCO SYS INC CS 17275R102 40,157 1,780,000 SH DEFINED N/A 1,780,000 CISCO SYS INC CS 17275R102 17,710 785,000 SH DEFINED 1 785,000 CITIGROUP INC CS 172967101 27,374 1,334,666 SH DEFINED N/A 1,334,666 CITIGROUP INC CS 172967101 9,560 466,100 SH DEFINED 1 466,100 CITY BK LYNNWOOD WASH CS 17770A109 1,373 88,000 SH DEFINED N/A 88,000 CITY BK LYNNWOOD WASH CS 17770A109 880 56,400 SH DEFINED 1 56,400 CLARCOR INC CS 179895107 4,129 108,800 SH DEFINED N/A 108,800 CLARCOR INC CS 179895107 1,753 46,200 SH DEFINED 1 46,200 COMMERCE BANCSHARES INC CS 200525103 16,316 351,626 SH DEFINED N/A 351,626 COMMERCE BANCSHARES INC CS 200525103 1,378 29,696 SH DEFINED 1 29,696 CONOCOPHILLIPS CS 20825C104 57,553 785,700 SH DEFINED N/A 785,700 CONOCOPHILLIPS CS 20825C104 16,994 232,000 SH DEFINED 1 232,000 COOPER TIRE + RUBR CO CS 216831107 13,136 1,527,452 SH DEFINED N/A 1,527,452 COOPER TIRE + RUBR CO CS 216831107 5,243 609,600 SH DEFINED 1 609,600 COVIDIEN LTD SHS G2552X108 36,444 677,900 SH DEFINED N/A 677,900 COVIDIEN LTD SHS G2552X108 11,507 214,050 SH DEFINED 1 214,050 DEAN FOODS CO CS 242370104 45,667 1,954,900 SH DEFINED N/A 1,954,900 DEAN FOODS CO CS 242370104 15,378 658,300 SH DEFINED 1 658,300 DELL INC CS 24702R101 37,863 2,297,500 SH DEFINED N/A 2,297,500 DELL INC CS 24702R101 16,439 997,500 SH DEFINED 1 997,500 DILLARDS INC CL A 254067101 18,205 1,542,800 SH DEFINED N/A 1,542,800 DILLARDS INC CL A 254067101 6,358 538,800 SH DEFINED 1 538,800 DONNELLEY R R + SONS CO CS 257867101 16,685 680,200 SH DEFINED N/A 680,200 DONNELLEY R R + SONS CO CS 257867101 3,194 130,200 SH DEFINED 1 130,200 DOW CHEM CO CS 260543103 36,159 1,137,800 SH DEFINED N/A 1,137,800 DOW CHEM CO CS 260543103 15,792 496,900 SH DEFINED 1 496,900 EL PASO CORP CS 28336L109 30,739 2,408,988 SH DEFINED N/A 2,408,988 EL PASO CORP CS 28336L109 9,268 726,312 SH DEFINED 1 726,312 FIFTH THIRD BANCORP CS 316773100 20,492 1,722,000 SH DEFINED N/A 1,722,000 FIFTH THIRD BANCORP CS 316773100 8,782 738,000 SH DEFINED 1 738,000 FIRST NATL BANCSHARES INC S C CS 32111B104 206 40,351 SH DEFINED N/A 40,351 FIRST NATL BANCSHARES INC S C CS 32111B104 304 59,597 SH DEFINED 1 59,597 FLOWSERVE CORP CS 34354P105 29,523 332,581 SH DEFINED N/A 332,581 FLOWSERVE CORP CS 34354P105 10,102 113,800 SH DEFINED 1 113,800 GENUINE PARTS CO CS 372460105 48,308 1,201,400 SH DEFINED N/A 1,201,400 GENUINE PARTS CO CS 372460105 13,084 325,400 SH DEFINED 1 325,400 GENWORTH FINL INC COM CL A 37247D106 12,760 1,482,000 SH DEFINED N/A 1,482,000 GENWORTH FINL INC COM CL A 37247D106 5,504 639,200 SH DEFINED 1 639,200 GLAXOSMITHKLINE PLC SPNSD ADR 37733W105 44,720 1,029,000 SH DEFINED N/A 1,029,000 GLAXOSMITHKLINE PLC SPNSD ADR 37733W105 15,646 360,000 SH DEFINED 1 360,000 HELMERICH AND PAYNE INC CS 423452101 4,043 93,600 SH DEFINED N/A 93,600 HELMERICH AND PAYNE INC CS 423452101 1,512 35,000 SH DEFINED 1 35,000 HEWLETT PACKARD CO CS 428236103 49,546 1,071,500 SH DEFINED N/A 1,071,500 HEWLETT PACKARD CO CS 428236103 16,831 364,000 SH DEFINED 1 364,000 HONEYWELL INTL INC CS 438516106 24,490 589,400 SH DEFINED N/A 589,400 HONEYWELL INTL INC CS 438516106 9,602 231,100 SH DEFINED 1 231,100 HOSPIRA INC CS 441060100 33,184 868,700 SH DEFINED N/A 868,700 HOSPIRA INC CS 441060100 16,483 431,500 SH DEFINED 1 431,500 IKON OFFICE SOLUTIONS INC CS 451713101 29,124 1,712,165 SH DEFINED N/A 1,712,165 IKON OFFICE SOLUTIONS INC CS 451713101 7,977 468,935 SH DEFINED 1 468,935 INTEL CORP CS 458140100 48,192 2,573,000 SH DEFINED N/A 2,573,000 INTEL CORP CS 458140100 15,958 852,000 SH DEFINED 1 852,000 JPMORGAN CHASE + CO CS 46625H100 81,622 1,747,800 SH DEFINED N/A 1,747,800 JPMORGAN CHASE + CO CS 46625H100 21,277 455,600 SH DEFINED 1 455,600 LEGG MASON INC CS 524901105 3,903 102,555 SH DEFINED N/A 102,555 MANITOWOC INC CS 563571108 4,766 306,500 SH DEFINED N/A 306,500 MANITOWOC INC CS 563571108 1,229 79,000 SH DEFINED 1 79,000 MARATHON OIL CORP CS 565849106 49,534 1,242,384 SH DEFINED N/A 1,242,384 MARATHON OIL CORP CS 565849106 17,423 437,000 SH DEFINED 1 437,000 MIDDLEBURG FINANCIAL CORP CS 596094102 1,021 58,400 SH DEFINED N/A 58,400 MIDDLEBURG FINANCIAL CORP CS 596094102 976 55,800 SH DEFINED 1 55,800 MOTOROLA INC CS 620076109 22,395 3,136,600 SH DEFINED N/A 3,136,600 MOTOROLA INC CS 620076109 9,854 1,380,100 SH DEFINED 1 1,380,100 NATIONAL BANKSHARES INC VA CS 634865109 1,812 103,600 SH DEFINED N/A 103,600 NATIONAL BANKSHARES INC VA CS 634865109 1,504 86,000 SH DEFINED 1 86,000 O CHARLEYS INC CS 670823103 1,845 210,900 SH DEFINED N/A 210,900 O CHARLEYS INC CS 670823103 1,534 175,300 SH DEFINED 1 175,300 OFFICE DEPOT INC CS 676220106 2,482 426,500 SH DEFINED N/A 426,500 OFFICE DEPOT INC CS 676220106 1,164 200,000 SH DEFINED 1 200,000 PACTIV CORP CS 695257105 29,933 1,205,500 SH DEFINED N/A 1,205,500 PACTIV CORP CS 695257105 9,490 382,200 SH DEFINED 1 382,200 PARKER HANNIFIN CORP CS 701094104 62,304 1,175,550 SH DEFINED N/A 1,175,550 PARKER HANNIFIN CORP CS 701094104 17,409 328,462 SH DEFINED 1 328,462 PFIZER INC CS 717081103 51,521 2,794,000 SH DEFINED N/A 2,794,000 PFIZER INC CS 717081103 20,856 1,131,000 SH DEFINED 1 1,131,000 POWERSHARES QQQ TR UNIT SR 1 73935A104 117,617 3,022,803 SH DEFINED N/A 3,022,803 POWERSHARES QQQ TR UNIT SR 1 73935A104 8,475 217,800 SH DEFINED 1 217,800 PRINCIPAL FINANCIAL GROUP CS 74251V102 35,758 822,200 SH DEFINED N/A 822,200 PRINCIPAL FINANCIAL GROUP CS 74251V102 6,210 142,800 SH DEFINED 1 142,800 PRUDENTIAL FINL INC CS 744320102 111 1,543 SH DEFINED 1 1,543 QUESTAR CORP CS 748356102 40,429 988,000 SH DEFINED N/A 988,000 QUESTAR CORP CS 748356102 12,178 297,600 SH DEFINED 1 297,600 REGAL BELOIT CORP CS 758750103 2,487 58,500 SH DEFINED N/A 58,500 REGAL BELOIT CORP CS 758750103 1,850 43,500 SH DEFINED 1 43,500 SAIC INC CS 78390X101 13,922 688,200 SH DEFINED N/A 688,200 SAIC INC CS 78390X101 11,410 564,000 SH DEFINED 1 564,000 SALLY BEAUTY HLDGS INC CS 79546E104 1,797 208,900 SH DEFINED N/A 208,900 SALLY BEAUTY HLDGS INC CS 79546E104 1,840 214,000 SH DEFINED 1 214,000 SCHERING PLOUGH CORP CS 806605101 54,126 2,930,500 SH DEFINED N/A 2,930,500 SCHERING PLOUGH CORP CS 806605101 16,143 874,000 SH DEFINED 1 874,000 SMUCKER J M CO CS 832696405 2,535 50,000 SH DEFINED N/A 50,000 SMUCKER J M CO CS 832696405 9,617 189,721 SH DEFINED 1 189,721 SOUTHCOAST FINL CORP CS 84129R100 757 106,700 SH DEFINED N/A 106,700 SOUTHCOAST FINL CORP CS 84129R100 364 51,370 SH DEFINED 1 51,370 SOUTHWEST AIRLS CO CS 844741108 48,936 3,372,543 SH DEFINED N/A 3,372,543 SOUTHWEST AIRLS CO CS 844741108 15,105 1,041,000 SH DEFINED 1 1,041,000 STANDEX INTL CORP CS 854231107 7,026 253,200 SH DEFINED N/A 253,200 STANDEX INTL CORP CS 854231107 541 19,500 SH DEFINED 1 19,500 SUPERIOR UNIFORM GROUP INC CS 868358102 922 88,500 SH DEFINED N/A 88,500 TIM HORTONS INC CS 88706M103 14,269 481,580 SH DEFINED N/A 481,580 TIM HORTONS INC CS 88706M103 6,870 231,852 SH DEFINED 1 231,852 TRIUMPH GROUP INC CS 896818101 1,874 41,000 SH DEFINED N/A 41,000 TRIUMPH GROUP INC CS 896818101 1,778 38,900 SH DEFINED 1 38,900 TYCO ELECTRONICS LTD CS G9144P105 14,905 538,850 SH DEFINED N/A 538,850 TYCO ELECTRONICS LTD CS G9144P105 4,666 168,700 SH DEFINED 1 168,700 TYCO INTL LTD BERMUDA CS G9143X208 18,871 538,850 SH DEFINED N/A 538,850 TYCO INTL LTD BERMUDA CS G9143X208 5,908 168,700 SH DEFINED 1 168,700 UNITED NAT FOODS INC CS 911163103 2,337 93,500 SH DEFINED N/A 93,500 UNITED NAT FOODS INC CS 911163103 1,502 60,100 SH DEFINED 1 60,100 UNUM GROUP CS 91529Y106 52,078 2,074,800 SH DEFINED N/A 2,074,800 UNUM GROUP CS 91529Y106 16,724 666,300 SH DEFINED 1 666,300 VALLEY NATL BANCORP CS 919794107 2,293 109,393 SH DEFINED N/A 109,393 VALLEY NATL BANCORP CS 919794107 2,115 100,890 SH DEFINED 1 100,890 VISHAY INTERTECHNOLOGY INC CS 928298108 1,996 301,500 SH DEFINED N/A 301,500 VISHAY INTERTECHNOLOGY INC CS 928298108 1,390 210,000 SH DEFINED 1 210,000 WESTERN DIGITAL CORP CS 958102105 3,889 182,400 SH DEFINED N/A 182,400 WESTERN DIGITAL CORP CS 958102105 2,228 104,483 SH DEFINED 1 104,483 WESTLAKE CHEM CORP CS 960413102 2,057 97,800 SH DEFINED N/A 97,800 WESTLAKE CHEM CORP CS 960413102 2,328 110,700 SH DEFINED 1 110,700 WINN DIXIE STORES INC CS 974280307 52 3,742 SH DEFINED 1 3,742 ========= Total: 2,552,907
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