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
ALLSTATE CORP Common Stock 020002101 5,557 78,083 SH   OTR   0 78,083 0
ALTRIA GROUP INC Common Stock 02209S103 506 10,112 SH   OTR   0 10,112 0
AMPHENOL CORP-CL A Common Stock 032095101 627 10,642 SH   OTR   0 10,642 0
ASSURANT INC Common Stock 04621X108 2,106 34,286 SH   OTR   0 34,286 0
AVALONBAY COMMUNITIES INC REIT 053484101 561 3,220 SH   OTR   0 3,220 0
BALL CORP Common Stock 058498106 598 8,467 SH   OTR   0 8,467 0
BEST BUY CO INC Common Stock 086516101 2,122 56,143 SH   OTR   0 56,143 0
CHESAPEAKE ENERGY CORP Common Stock 165167107 2,294 162,026 SH   OTR   0 162,026 0
CINTAS CORP Common Stock 172908105 692 8,476 SH   OTR   0 8,476 0
COSTCO WHOLESALE CORP Common Stock 22160K105 550 3,630 SH   OTR   0 3,630 0
CVS HEALTH CORP Common Stock 126650100 1,286 12,464 SH   OTR   0 12,464 0
DELTA AIR LINES INC Common Stock 247361702 2,516 55,954 SH   OTR   0 55,954 0
DENBURY RESOURCES INC Common Stock 247916208 2,166 297,059 SH   OTR   0 297,059 0
DIAMOND OFFSHORE DRILLING Common Stock 25271C102 2,238 83,551 SH   OTR   0 83,551 0
DR PEPPER SNAPPLE GROUP INC Common Stock 26138E109 700 8,922 SH   OTR   0 8,922 0
ESSEX PROPERTY TRUST INC REIT 297178105 552 2,402 SH   OTR   0 2,402 0
FISERV INC Common Stock 337738108 673 8,477 SH   OTR   0 8,477 0
GANNETT CO Common Stock 364730101 2,435 65,664 SH   OTR   0 65,664 0
GENERAL DYNAMICS CORP Common Stock 369550108 600 4,421 SH   OTR   0 4,421 0
GRAHAM HOLDINGS CO-CLASS B Common Stock 384637104 3,292 3,136 SH   OTR   0 3,136 0
GENERAL GROWTH PROPERTIES REIT 370023103 551 18,639 SH   OTR   0 18,639 0
KOHLS CORP Common Stock 500255104 2,889 36,915 SH   OTR   0 36,915 0
KROGER CO Common Stock 501044101 557 7,260 SH   OTR   0 7,260 0
LYONDELLBASELL INDU-CL A Common Stock N53745100 419 4,768 SH   OTR   0 4,768 0
MARATHON PETROLEUM CORP Common Stock 56585A102 2,632 25,706 SH   OTR   0 25,706 0
MARRIOTT INTERNATIONAL -CL A Common Stock 571903202 630 7,846 SH   OTR   0 7,846 0
METLIFE INC Common Stock 59156R108 2,244 44,385 SH   OTR   0 44,385 0
NOBLE CORP PLC Common Stock G65431101 1,264 88,516 SH   OTR   0 88,516 0
TESORO CORP Common Stock 881609101 2,406 26,352 SH   OTR   0 26,352 0
TRANSOCEAN LTD Common Stock H8817H100 951 64,816 SH   OTR   0 64,816 0
TRAVELERS COS INC/THE Common Stock 89417E109 2,903 26,851 SH   OTR   0 26,851 0
UNION PACIFIC CORP Common Stock 907818108 565 5,215 SH   OTR   0 5,215 0
UNUM GROUP Common Stock 91529Y106 2,087 61,865 SH   OTR   0 61,865 0
VALERO ENERGY CORP Common Stock 91913Y100 2,934 46,111 SH   OTR   0 46,111 0
WASTE MANAGEMENT INC Common Stock 94106L109 551 10,156 SH   OTR   0 10,156 0
XEROX CORP Common Stock 984121103 2,261 175,928 SH   OTR   0 175,928 0
AMERICAN EQUITY INVT LIFE HL Common Stock 025676206 1,492 51,210 SH   SOLE   51,210 0 0
AMTRUST FINANCIAL SERVICES Common Stock 032359309 2,637 46,270 SH   SOLE   46,270 0 0
ARLINGTON ASSET INVESTMENT-A Common Stock 041356205 846 35,176 SH   SOLE   35,176 0 0
APOLLO INVESTMENT CORP Common Stock 03761U106 975 126,995 SH   SOLE   126,995 0 0
ASSURANT INC Common Stock 04621X108 11,908 193,915 SH   SOLE   193,915 0 0
ALLSTATE CORP Common Stock 020002101 30,817 433,012 SH   SOLE   433,012 0 0
ANDERSONS INC/THE Common Stock 034164103 691 16,696 SH   SOLE   16,696 0 0
AMPHENOL CORP-CL A Common Stock 032095101 3,530 59,906 SH   SOLE   59,906 0 0
DIGITAL TURBINE INC Common Stock 25400W102 308 94,600 SH   SOLE   94,600 0 0
AVALONBAY COMMUNITIES INC REIT 053484101 3,338 19,157 SH   SOLE   19,157 0 0
BEST BUY CO INC Common Stock 086516101 12,281 324,990 SH   SOLE   324,990 0 0
BALL CORP Common Stock 058498106 3,356 47,513 SH   SOLE   47,513 0 0
BANCORPSOUTH INC Common Stock 059692103 224 9,648 SH   SOLE   9,648 0 0
CAL-MAINE FOODS INC Common Stock 128030202 174 4,450 SH   SOLE   4,450 0 0
CHEMED CORP Common Stock 16359R103 248 2,080 SH   SOLE   2,080 0 0
CHESAPEAKE ENERGY CORP Common Stock 165167107 12,965 915,623 SH   SOLE   915,623 0 0
CLEARSIGN COMBUSTION CORP Common Stock 185064102 76 14,400 SH   SOLE   14,400 0 0
CNO FINANCIAL GROUP INC Common Stock 12621E103 1,994 115,804 SH   SOLE   115,804 0 0
COSI INC Common Stock 22122P200 338 126,900 SH   SOLE   126,900 0 0
COSTCO WHOLESALE CORP Common Stock 22160K105 3,238 21,375 SH   SOLE   21,375 0 0
CERAGON NETWORKS LTD Common Stock M22013102 103 90,000 SH   SOLE   90,000 0 0
CINTAS CORP Common Stock 172908105 3,915 47,956 SH   SOLE   47,956 0 0
COOPER TIRE & RUBBER Common Stock 216831107 1,276 29,787 SH   SOLE   29,787 0 0
CVS HEALTH CORP Common Stock 126650100 7,252 70,268 SH   SOLE   70,268 0 0
CURTISS-WRIGHT CORP Common Stock 231561101 525 7,106 SH   SOLE   7,106 0 0
DELTA AIR LINES INC Common Stock 247361702 14,147 314,666 SH   SOLE   314,666 0 0
DEAN FOODS CO Common Stock 242370203 1,073 64,925 SH   SOLE   64,925 0 0
DELEK US HOLDINGS INC Common Stock 246647101 1,079 27,147 SH   SOLE   27,147 0 0
DENBURY RESOURCES INC Common Stock 247916208 12,251 1,680,554 SH   SOLE   1,680,554 0 0
DIAMOND OFFSHORE DRILLING Common Stock 25271C102 12,657 472,444 SH   SOLE   472,444 0 0
DR PEPPER SNAPPLE GROUP INC Common Stock 26138E109 3,988 50,813 SH   SOLE   50,813 0 0
ISHARES MSCI PHILIPPINES ETF ETP 46429B408 3,572 85,856 SH   SOLE   85,856 0 0
WISDOMTREE INDIA EARNINGS ETP 97717W422 3,383 148,382 SH   SOLE   148,382 0 0
ESSEX PROPERTY TRUST INC REIT 297178105 3,276 14,251 SH   SOLE   14,251 0 0
ISHARES MSCI SWEDEN ETF ETP 464286756 331 9,881 SH   SOLE   9,881 0 0
ISHARES MSCI GERMANY ETF ETP 464286806 1,723 57,740 SH   SOLE   57,740 0 0
ISHARES MSCI JAPAN ETF ETP 464286848 7,307 583,189 SH   SOLE   583,189 0 0
ISHARES MSCI NETHERLANDS ETF ETP 464286814 2,372 93,817 SH   SOLE   93,817 0 0
ISHARES MSCI TAIWAN ETF ETP 464286731 3,526 224,033 SH   SOLE   224,033 0 0
FIRST AMERICAN FINANCIAL Common Stock 31847R102 1,135 31,819 SH   SOLE   31,819 0 0
FISERV INC Common Stock 337738108 3,801 47,866 SH   SOLE   47,866 0 0
ISHARES CHINA LARGE-CAP ETF ETP 464287184 3,637 81,913 SH   SOLE   81,913 0 0
GANNETT CO Common Stock 364730101 13,755 370,963 SH   SOLE   370,963 0 0
GENERAL DYNAMICS CORP Common Stock 369550108 3,368 24,813 SH   SOLE   24,813 0 0
GENERAL GROWTH PROPERTIES REIT 370023103 3,249 109,943 SH   SOLE   109,943 0 0
GRAHAM HOLDINGS CO-CLASS B Common Stock 384637104 18,535 17,659 SH   SOLE   17,659 0 0
GULFMARK OFFSHORE INC-CL A Common Stock 402629208 340 26,108 SH   SOLE   26,108 0 0
GLORI ENERGY INC Common Stock 379606106 64 30,000 SH   SOLE   30,000 0 0
GROUP 1 AUTOMOTIVE INC Common Stock 398905109 1,238 14,343 SH   SOLE   14,343 0 0
GREEN PLAINS INC Common Stock 393222104 749 26,220 SH   SOLE   26,220 0 0
TURTLE BEACH CORP Common Stock 900450107 33 17,500 SH   SOLE   17,500 0 0
INTERCLOUD SYSTEMS INC Common Stock 458488202 92 42,000 SH   SOLE   42,000 0 0
ICONIX BRAND GROUP INC Common Stock 451055107 392 11,648 SH   SOLE   11,648 0 0
JACK IN THE BOX INC Common Stock 466367109 676 7,043 SH   SOLE   7,043 0 0
KAISER ALUMINUM CORP Common Stock 483007704 1,056 13,737 SH   SOLE   13,737 0 0
KNIGHT TRANSPORTATION INC Common Stock 499064103 250 7,744 SH   SOLE   7,744 0 0
KROGER CO Common Stock 501044101 3,282 42,808 SH   SOLE   42,808 0 0
KOHLS CORP Common Stock 500255104 16,327 208,658 SH   SOLE   208,658 0 0
LYONDELLBASELL INDU-CL A Common Stock N53745100 2,481 28,254 SH   SOLE   28,254 0 0
MANHATTAN ASSOCIATES INC Common Stock 562750109 302 5,964 SH   SOLE   5,964 0 0
MARRIOTT INTERNATIONAL -CL A Common Stock 571903202 3,554 44,250 SH   SOLE   44,250 0 0
MDC HOLDINGS INC Common Stock 552676108 995 34,916 SH   SOLE   34,916 0 0
METLIFE INC Common Stock 59156R108 12,674 250,725 SH   SOLE   250,725 0 0
ALTRIA GROUP INC Common Stock 02209S103 2,920 58,385 SH   SOLE   58,385 0 0
MARATHON PETROLEUM CORP Common Stock 56585A102 14,809 144,629 SH   SOLE   144,629 0 0
NOBLE CORP PLC Common Stock G65431101 7,115 498,230 SH   SOLE   498,230 0 0
NEONODE INC Common Stock 64051M402 206 65,000 SH   SOLE   65,000 0 0
NORTHWEST BIOTHERAPEUTICS Common Stock 66737P600 59 8,000 SH   SOLE   8,000 0 0
NXT-ID INC Common Stock 67091J107 30 10,000 SH   SOLE   10,000 0 0
OMNOVA SOLUTIONS INC Common Stock 682129101 81 9,500 SH   SOLE   9,500 0 0
BANK OF THE OZARKS Common Stock 063904106 512 13,870 SH   SOLE   13,870 0 0
1347 PROPERTY INSURANCE HOLD Common Stock 68244P107 152 20,000 SH   SOLE   20,000 0 0
PLUG POWER INC Common Stock 72919P202 89 34,500 SH   SOLE   34,500 0 0
PIXELWORKS INC Common Stock 72581M305 65 13,000 SH   SOLE   13,000 0 0
PAPA JOHN'S INTL INC Common Stock 698813102 277 4,483 SH   SOLE   4,483 0 0
RMG NETWORKS HOLDING CORP Common Stock 74966K102 25 20,000 SH   SOLE   20,000 0 0
SANDERSON FARMS INC Common Stock 800013104 997 12,523 SH   SOLE   12,523 0 0
ISHARES 1-3 YEAR TREASURY BO ETP 464287457 62,296 733,925 SH   SOLE   733,925 0 0
ISHARES MSCI THAILAND CAPPED ETP 464286624 1,161 14,629 SH   SOLE   14,629 0 0
TREEHOUSE FOODS INC Common Stock 89469A104 212 2,493 SH   SOLE   2,493 0 0
TEAM HEALTH HOLDINGS INC Common Stock 87817A107 210 3,593 SH   SOLE   3,593 0 0
TOP SHIPS INC Common Stock Y8897Y149 71 65,000 SH   SOLE   65,000 0 0
TARGA RESOURCES CORP Common Stock 87612G101 238 2,489 SH   SOLE   2,489 0 0
TRANSOCEAN LTD Common Stock H8817H100 29,565 201,335 SH   SOLE   201,335 0 0
TRAVELERS COS INC/THE Common Stock 89417E109 16,354 151,247 SH   SOLE   151,247 0 0
TRISTATE CAPITAL HLDGS INC Common Stock 89678F100 168 16,000 SH   SOLE   16,000 0 0
TESORO CORP Common Stock 881609101 13,592 148,884 SH   SOLE   148,884 0 0
UNUM GROUP Common Stock 91529Y106 11,797 349,746 SH   SOLE   349,746 0 0
UNION PACIFIC CORP Common Stock 907818108 3,175 29,316 SH   SOLE   29,316 0 0
UNIVERSAL CORP/VA Common Stock 913456109 843 17,880 SH   SOLE   17,880 0 0
MARRIOTT VACATIONS WORLD Common Stock 57164Y107 278 3,434 SH   SOLE   3,434 0 0
VALERO ENERGY CORP Common Stock 91913Y100 16,553 260,178 SH   SOLE   260,178 0 0
ENERGOUS CORP Common Stock 29272C103 59 6,300 SH   SOLE   6,300 0 0
WASTE MANAGEMENT INC Common Stock 94106L109 3,248 59,885 SH   SOLE   59,885 0 0
WESTERN REFINING INC Common Stock 959319104 1,058 21,419 SH   SOLE   21,419 0 0
MATERIALS SELECT SECTOR SPDR ETP 81369Y100 8,341 170,992 SH   SOLE   170,992 0 0
FINANCIAL SELECT SECTOR SPDR ETP 81369Y605 3,349 138,897 SH   SOLE   138,897 0 0
INDUSTRIAL SELECT SECT SPDR ETP 81369Y704 8,548 153,269 SH   SOLE   153,269 0 0
TECHNOLOGY SELECT SECT SPDR ETP 81369Y803 8,470 204,390 SH   SOLE   204,390 0 0
CONSUMER STAPLES SPDR ETP 81369Y308 8,601 176,461 SH   SOLE   176,461 0 0
UTILITIES SELECT SECTOR SPDR ETP 81369Y886 8,366 188,299 SH   SOLE   188,299 0 0
HEALTH CARE SELECT SECTOR ETP 81369Y209 8,827 121,757 SH   SOLE   121,757 0 0
CONSUMER DISCRETIONARY SELT ETP 81369Y407 8,729 115,843 SH   SOLE   115,843 0 0
SPDR S&P OIL & GAS EXP & PR ETP 78464A730 2,570 49,739 SH   SOLE   49,739 0 0
XEROX CORP Common Stock 984121103 12,842 999,350 SH   SOLE   999,350 0 0