The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
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 MANAGER SOLE SHARED NONE
3M CO COM 88579y101 855 7,821 SH   SOLE   7,821 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 888 26,200 SH   SOLE   26,200 0 0
BANK OF AMERICA CORPORATION COM 060505104 2,881 224,000 SH   SOLE   224,000 0 0
BECTON DICKINSON & CO COM 075887109 919 9,300 SH   SOLE   9,300 0 0
BOARDWALK PIPELINE PARTNERS UT LTD PARTNER 096627104 951 31,500 SH   SOLE   31,500 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 960 21,486 SH   SOLE   21,486 0 0
CA INC COM 12673P105 959 33,500 SH   SOLE   33,500 0 0
CAMPBELL SOUP CO COM 134429109 931 20,794 SH   SOLE   20,794 0 0
CAPITOL ACQUISITION CORP II UNIT 99/99/9999 14056V204 1,298 128,533 SH   SOLE   128,533 0 0
CENTURYLINK INC COM 156700106 656 18,561 SH   SOLE   18,561 0 0
CONAGRA FOODS INC COM 205887102 920 26,338 SH   SOLE   26,338 0 0
CONOCOPHILLIPS COM 20825C104 850 14,050 SH   SOLE   14,050 0 0
CONSOL ENERGY INC COM 20854P109 2,764 102,000 SH   SOLE   102,000 0 0
CUSTOMERS BANCORP INC COM 23204G100 731 45,000 SH   SOLE   45,000 0 0
DARDEN RESTAURANTS INC COM 237194105 894 17,715 SH   SOLE   17,715 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 776 14,779 SH   SOLE   14,779 0 0
EMERSON ELEC CO COM 291011104 831 15,231 SH   SOLE   15,231 0 0
ENERGY TRANSFER PRTNRS L P UNIT LTD PARTN 29273R109 868 17,175 SH   SOLE   17,175 0 0
GENERAL ELECTRIC CO COM 369604103 866 37,350 SH   SOLE   37,350 0 0
HOVNANIAN ENTERPRISES INC CL A 442487203 841 150,000 SH   SOLE   150,000 0 0
INTEL CORP COM 458140100 2,786 115,000 SH   SOLE   115,000 0 0
JOHNSON & JOHNSON COM 478160104 911 10,608 SH   SOLE   10,608 0 0
JPMORGAN CHASE & CO COM 46625h100 3,607 68,319 SH   SOLE   68,319 0 0
K12 INC COM 48273u102 849 32,305 SH   SOLE   32,305 0 0
LAZARD LTD SHS A G54050102 1,765 54,900 SH   SOLE   54,900 0 0
MARVELL TECHNOLOGY GROUP LTD ORD g5876h105 2,693 230,000 SH   SOLE   230,000 0 0
METLIFE INC COM 59156r108 2,627 57,400 SH   SOLE   57,400 0 0
MICROSOFT CORP COM 594918104 2,999 86,800 SH   SOLE   86,800 0 0
NETAPP INC COM 64110D104 907 24,000 SH   SOLE   24,000 0 0
NORFOLK SOUTHERN CORP COM 655844108 817 11,250 SH   SOLE   11,250 0 0
ORACLE CORP COM 68389X105 1,391 45,300 SH   SOLE   45,300 0 0
PFIZER INC COM 717081103 816 29,122 SH   SOLE   29,122 0 0
PROCTER & GAMBLE CO COM 742718109 819 10,634 SH   SOLE   10,634 0 0
PROSHARES TR PSHS ULTSH 20YRS 74347b201 2,708 37,385 SH   SOLE   37,385 0 0
QUEST DIAGNOSTICS INC COM 74834L100 886 14,615 SH   SOLE   14,615 0 0
SWIFT TRANSN CO CL A 87074u101 6,169 373,000 SH   SOLE   373,000 0 0
SYSCO CORP COM 871829107 787 23,041 SH   SOLE   23,041 0 0
TARGET CORP COM 87612E106 873 12,680 SH   SOLE   12,680 0 0
TIME WARNER INC COM NEW 887317303 935 16,163 SH   SOLE   16,163 0 0
U S AIRWAYS GROUP INC COM 90341w108 4,220 257,000 SH   SOLE   257,000 0 0
UNITED CONTL HLDGS INC COM 910047109 3,411 109,000 SH   SOLE   109,000 0 0
VIACOM INC NEW CL B 92553p201 920 13,530 SH   SOLE   13,530 0 0
WASTE MGMT INC DEL COM 94106L109 894 22,174 SH   SOLE   22,174 0 0