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 4,937 76,109 SH   OTR   0 76,109 0
ALTRIA GROUP INC Common Stock 02209S103 509 10,408 SH   OTR   0 10,408 0
AMPHENOL CORP-CL A Common Stock 032095101 602 10,392 SH   OTR   0 10,392 0
ASSURANT INC Common Stock 04621X108 2,254 33,648 SH   OTR   0 33,648 0
AVALONBAY COMMUNITIES INC Common Stock 053484101 529 3,312 SH   OTR   0 3,312 0
BALL CORP Common Stock 058498106 579 8,252 SH   OTR   0 8,252 0
BEST BUY CO INC Common Stock 086516101 1,807 55,420 SH   OTR   0 55,420 0
CHESAPEAKE ENERGY CORP Common Stock 165167107 1,788 160,059 SH   OTR   0 160,059 0
CINTAS CORP Common Stock 172908105 705 8,331 SH   OTR   0 8,331 0
COSTCO WHOLESALE CORP Common Stock 22160K105 505 3,737 SH   OTR   0 3,737 0
CVS HEALTH CORP Common Stock 126650100 1,279 12,198 SH   OTR   0 12,198 0
DELTA AIR LINES INC Common Stock 247361702 2,242 54,578 SH   OTR   0 54,578 0
DENBURY RESOURCES INC Common Stock 247916208 1,871 294,114 SH   OTR   0 294,114 0
DIAMOND OFFSHORE DRILLING Common Stock 25271C102 2,132 82,591 SH   OTR   0 82,591 0
DR PEPPER SNAPPLE GROUP INC Common Stock 26138E109 639 8,768 SH   OTR   0 8,768 0
ESSEX PROPERTY TRUST INC Common Stock 297178105 525 2,470 SH   OTR   0 2,470 0
FISERV INC Common Stock 337738108 688 8,306 SH   OTR   0 8,306 0
GANNETT CO INC Common Stock 36473H104 453 32,362 SH   OTR   0 32,362 0
GENERAL DYNAMICS CORP Common Stock 369550108 611 4,309 SH   OTR   0 4,309 0
GENERAL GROWTH PROPERTIES Common Stock 370023103 492 19,189 SH   OTR   0 19,189 0
GRAHAM HOLDINGS CO-CLASS B Common Stock 384637104 3,294 3,064 SH   OTR   0 3,064 0
KOHLS CORP Common Stock 500255104 2,269 36,234 SH   OTR   0 36,234 0
KROGER CO Common Stock 501044101 542 7,472 SH   OTR   0 7,472 0
LYONDELLBASELL INDU-CL A Common Stock N53745100 508 4,908 SH   OTR   0 4,908 0
MARATHON PETROLEUM CORP Common Stock 56585A102 2,627 50,215 SH   OTR   0 50,215 0
MARRIOTT INTERNATIONAL -CL A Common Stock 571903202 571 7,675 SH   OTR   0 7,675 0
METLIFE INC Common Stock 59156R108 2,450 43,757 SH   OTR   0 43,757 0
NOBLE CORP PLC Common Stock G65431101 1,334 86,675 SH   OTR   0 86,675 0
TEGNA INC Common Stock 87901J105 2,076 64,737 SH   OTR   0 64,737 0
TESORO CORP Common Stock 881609101 2,195 26,000 SH   OTR   0 26,000 0
TRANSOCEAN LTD Common Stock H8817H100 1,041 64,572 SH   OTR   0 64,572 0
TRAVELERS COS INC/THE Common Stock 89417E109 2,552 26,401 SH   OTR   0 26,401 0
UNION PACIFIC CORP Common Stock 907818108 485 5,090 SH   OTR   0 5,090 0
UNUM GROUP Common Stock 91529Y106 2,170 60,710 SH   OTR   0 60,710 0
VALERO ENERGY CORP Common Stock 91913Y100 2,828 45,178 SH   OTR   0 45,178 0
WASTE MANAGEMENT INC Common Stock 94106L109 484 10,447 SH   OTR   0 10,447 0
XEROX CORP Common Stock 984121103 1,847 173,544 SH   OTR   0 173,544 0
ALLIQUA BIOMEDICAL INC Common Stock 019621200 61 11,500 SH   SOLE   11,500 0 0
AMPHENOL CORP-CL A Common Stock 032095101 3,486 60,140 SH   SOLE   60,140 0 0
DIGITAL TURBINE INC Common Stock 25400W102 196 65,000 SH   SOLE   65,000 0 0
AVALONBAY COMMUNITIES INC Common Stock 053484101 3,086 19,305 SH   SOLE   19,305 0 0
BEST BUY CO INC Common Stock 086516101 10,694 327,948 SH   SOLE   327,948 0 0
BERRY PLASTICS GROUP INC Common Stock 08579W103 225 6,931 SH   SOLE   6,931 0 0
BALL CORP Common Stock 058498106 3,338 47,577 SH   SOLE   47,577 0 0
BOVIE MEDICAL CORP Common Stock 10211F100 56 20,000 SH   SOLE   20,000 0 0
CAL-MAINE FOODS INC Common Stock 128030202 1,605 30,746 SH   SOLE   30,746 0 0
CRACKER BARREL OLD COUNTRY Common Stock 22410J106 253 1,698 SH   SOLE   1,698 0 0
CHEMED CORP Common Stock 16359R103 286 2,180 SH   SOLE   2,180 0 0
CHESAPEAKE ENERGY CORP Common Stock 165167107 10,308 922,872 SH   SOLE   922,872 0 0
CLEARSIGN COMBUSTION CORP Common Stock 185064102 78 14,400 SH   SOLE   14,400 0 0
COMMERCIAL METALS CO Common Stock 201723103 1,013 62,988 SH   SOLE   62,988 0 0
CNO FINANCIAL GROUP INC Common Stock 12621E103 963 52,502 SH   SOLE   52,502 0 0
COSI INC Common Stock 22122P200 372 185,000 SH   SOLE   185,000 0 0
COSTCO WHOLESALE CORP Common Stock 22160K105 2,902 21,487 SH   SOLE   21,487 0 0
CERAGON NETWORKS LTD Common Stock M22013102 118 102,500 SH   SOLE   102,500 0 0
CINTAS CORP Common Stock 172908105 4,065 48,050 SH   SOLE   48,050 0 0
COOPER TIRE & RUBBER Common Stock 216831107 2,037 60,204 SH   SOLE   60,204 0 0
CVS HEALTH CORP Common Stock 126650100 7,411 70,663 SH   SOLE   70,663 0 0
CURTISS-WRIGHT CORP Common Stock 231561101 242 3,342 SH   SOLE   3,342 0 0
DELTA AIR LINES INC Common Stock 247361702 12,979 315,956 SH   SOLE   315,956 0 0
DEAN FOODS CO Common Stock 242370203 1,103 68,193 SH   SOLE   68,193 0 0
DELEK US HOLDINGS INC Common Stock 246647101 1,996 54,207 SH   SOLE   54,207 0 0
DENBURY RESOURCES INC Common Stock 247916208 10,800 1,698,115 SH   SOLE   1,698,115 0 0
DIAMOND OFFSHORE DRILLING Common Stock 25271C102 12,264 475,150 SH   SOLE   475,150 0 0
DR PEPPER SNAPPLE GROUP INC Common Stock 26138E109 3,735 51,240 SH   SOLE   51,240 0 0
ESSEX PROPERTY TRUST INC Common Stock 297178105 3,056 14,380 SH   SOLE   14,380 0 0
ISHARES MSCI SWEDEN ETF ETP 464286756 2,425 76,340 SH   SOLE   76,340 0 0
ISHARES MSCI GERMANY ETF ETP 464286806 817 29,320 SH   SOLE   29,320 0 0
ISHARES MSCI ITALY CAPPED ET ETP 464286855 2,440 163,838 SH   SOLE   163,838 0 0
ISHARES MSCI JAPAN ETF ETP 464286848 7,414 578,748 SH   SOLE   578,748 0 0
ISHARES MSCI SWITZERLAND CAP ETP 464286749 2,372 72,431 SH   SOLE   72,431 0 0
ISHARES MSCI NETHERLANDS ETF ETP 464286814 2,450 95,386 SH   SOLE   95,386 0 0
ISHARES MSCI AUSTRIA CAPPED ETP 464286202 1,027 64,718 SH   SOLE   64,718 0 0
ISHARES MSCI FRANCE ETF ETP 464286707 2,434 94,585 SH   SOLE   94,585 0 0
ISHARES MSCI TAIWAN ETF ETP 464286731 1,522 96,428 SH   SOLE   96,428 0 0
ISHARES MSCI UNITED KINGDOM ETP 46434V548 807 44,199 SH   SOLE   44,199 0 0
FIRST AMERICAN FINANCIAL Common Stock 31847R102 2,553 68,602 SH   SOLE   68,602 0 0
FISERV INC Common Stock 337738108 3,972 47,953 SH   SOLE   47,953 0 0
ISHARES CHINA LARGE-CAP ETF ETP 464287184 3,494 75,784 SH   SOLE   75,784 0 0
GANNETT CO INC Common Stock 36473H104 2,614 186,864 SH   SOLE   186,864 0 0
GENERAL DYNAMICS CORP Common Stock 369550108 3,556 25,097 SH   SOLE   25,097 0 0
GENERAL GROWTH PROPERTIES Common Stock 370023103 2,844 110,839 SH   SOLE   110,839 0 0
GRAHAM HOLDINGS CO-CLASS B Common Stock 384637104 19,069 17,738 SH   SOLE   17,738 0 0
GULFMARK OFFSHORE INC-CL A Common Stock 402629208 317 27,320 SH   SOLE   27,320 0 0
GLORI ENERGY INC Common Stock 379606106 60 42,000 SH   SOLE   42,000 0 0
GREEN PLAINS INC Common Stock 393222104 1,714 62,225 SH   SOLE   62,225 0 0
ICONIX BRAND GROUP INC Common Stock 451055107 149 5,955 SH   SOLE   5,955 0 0
JACK IN THE BOX INC Common Stock 466367109 519 5,884 SH   SOLE   5,884 0 0
KNIGHT TRANSPORTATION INC Common Stock 499064103 217 8,121 SH   SOLE   8,121 0 0
KROGER CO Common Stock 501044101 3,119 43,011 SH   SOLE   43,011 0 0
KOHLS CORP Common Stock 500255104 13,184 210,578 SH   SOLE   210,578 0 0
LYONDELLBASELL INDU-CL A Common Stock N53745100 2,953 28,524 SH   SOLE   28,524 0 0
MARRIOTT INTERNATIONAL -CL A Common Stock 571903202 3,308 44,465 SH   SOLE   44,465 0 0
METLIFE INC Common Stock 59156R108 14,168 253,053 SH   SOLE   253,053 0 0
MAXIMUS INC Common Stock 577933104 244 3,712 SH   SOLE   3,712 0 0
ALTRIA GROUP INC Common Stock 02209S103 2,892 59,133 SH   SOLE   59,133 0 0
MOLINA HEALTHCARE INC Common Stock 60855R100 262 3,730 SH   SOLE   3,730 0 0
MARATHON PETROLEUM CORP Common Stock 56585A102 15,236 291,258 SH   SOLE   291,258 0 0
VAIL RESORTS INC Common Stock 91879Q109 257 2,349 SH   SOLE   2,349 0 0
NOBLE CORP PLC Common Stock G65431101 7,854 510,329 SH   SOLE   510,329 0 0
NEONODE INC Common Stock 64051M402 199 67,500 SH   SOLE   67,500 0 0
NXT-ID INC Common Stock 67091J107 38 16,000 SH   SOLE   16,000 0 0
OMNOVA SOLUTIONS INC Common Stock 682129101 86 11,500 SH   SOLE   11,500 0 0
BANK OF THE OZARKS Common Stock 063904106 327 7,149 SH   SOLE   7,149 0 0
1347 PROPERTY INSURANCE HOLD Common Stock 68244P107 216 26,500 SH   SOLE   26,500 0 0
PLUG POWER INC Common Stock 72919P202 203 83,000 SH   SOLE   83,000 0 0
POWERSECURE INTERNATIONAL IN Common Stock 73936N105 103 7,000 SH   SOLE   7,000 0 0
PIXELWORKS INC Common Stock 72581M305 97 16,500 SH   SOLE   16,500 0 0
RENT-A-CENTER INC Common Stock 76009N100 1,068 37,681 SH   SOLE   37,681 0 0
RESONANT INC Common Stock 76118L102 51 17,000 SH   SOLE   17,000 0 0
TRANSOCEAN LTD Common Stock H8817H100 3,334 206,812 SH   SOLE   206,812 0 0
RMG NETWORKS HOLDING CORP Common Stock 74966K102 38 45,000 SH   SOLE   45,000 0 0
ISHARES 1-3 YEAR TREASURY BO ETP 464287457 59,694 703,444 SH   SOLE   703,444 0 0
SS&C TECHNOLOGIES HOLDINGS Common Stock 78467J100 248 3,970 SH   SOLE   3,970 0 0
STERIS CORP Common Stock 859152100 231 3,578 SH   SOLE   3,578 0 0
TEGNA INC Common Stock 87901J105 11,986 373,733 SH   SOLE   373,733 0 0
TREEHOUSE FOODS INC Common Stock 89469A104 211 2,610 SH   SOLE   2,610 0 0
TEL-INSTRUMENT ELECTRONICS Common Stock 879165207 33 6,500 SH   SOLE   6,500 0 0
TEAM HEALTH HOLDINGS INC Common Stock 87817A107 246 3,759 SH   SOLE   3,759 0 0
TOP SHIPS INC Common Stock Y8897Y149 84 82,000 SH   SOLE   82,000 0 0
TRAVELERS COS INC/THE Common Stock 89417E109 14,740 152,490 SH   SOLE   152,490 0 0
TRISTATE CAPITAL HLDGS INC Common Stock 89678F100 142 11,000 SH   SOLE   11,000 0 0
TESORO CORP Common Stock 881609101 12,652 149,891 SH   SOLE   149,891 0 0
UNUM GROUP Common Stock 91529Y106 12,589 352,135 SH   SOLE   352,135 0 0
UNION PACIFIC CORP Common Stock 907818108 2,816 29,528 SH   SOLE   29,528 0 0
MARRIOTT VACATIONS WORLD Common Stock 57164Y107 330 3,600 SH   SOLE   3,600 0 0
VALERO ENERGY CORP Common Stock 91913Y100 16,431 262,481 SH   SOLE   262,481 0 0
ENERGOUS CORP Common Stock 29272C103 77 10,000 SH   SOLE   10,000 0 0
WASTE MANAGEMENT INC Common Stock 94106L109 2,803 60,480 SH   SOLE   60,480 0 0
WESTERN REFINING INC Common Stock 959319104 1,973 45,230 SH   SOLE   45,230 0 0
MATERIALS SELECT SECTOR SPDR ETP 81369Y100 9,135 188,788 SH   SOLE   188,788 0 0
FINANCIAL SELECT SECTOR SPDR ETP 81369Y605 3,380 138,639 SH   SOLE   138,639 0 0
INDUSTRIAL SELECT SECT SPDR ETP 81369Y704 9,258 171,261 SH   SOLE   171,261 0 0
TECHNOLOGY SELECT SECT SPDR ETP 81369Y803 9,429 227,746 SH   SOLE   227,746 0 0
CONSUMER STAPLES SPDR ETP 81369Y308 9,651 202,759 SH   SOLE   202,759 0 0
HEALTH CARE SELECT SECTOR ETP 81369Y209 9,795 131,675 SH   SOLE   131,675 0 0
CONSUMER DISCRETIONARY SELT ETP 81369Y407 9,889 129,296 SH   SOLE   129,296 0 0
SPDR S&P OIL & GAS EXP & PR ETP 78464A730 2,830 60,655 SH   SOLE   60,655 0 0
XEROX CORP Common Stock 984121103 10,722 1,007,721 SH   SOLE   1,007,721 0 0
ISHARES CHINA LARGE-CAP ETF ETP 464287940 22,930 497,400 SH Call SOLE   497,400 0 0