13F-HR 1 aw13f2008-03.txt Abbott Laboratories COM 002824100 1098 19916 SH SOLE Abiomed COM 003654100 1298 98750 SH SOLE Acadia Pharmaceuticals COM 004225108 1042 115000 SH SOLE ACME PACKET COM 004764106 120 15000 SH SOLE Alberto Culver COM 013078100 376 13700 SH SOLE Alexander's COM 014752109 43963 124015 SH SOLE ALEXANDRIA REAL ESTATE COM 015271109 38261 412656 SH SOLE Allegheny Energy COM 017361106 6155 121890 SH SOLE Allergan COM 018490102 564 10000 SH SOLE ALLIANCE BANCORP COM 018921106 788 87500 SH SOLE Alpine Total Dynamic Dividend COM SBI 021060108 4663 289600 SH SOLE AMBAC FINL GROUP COM 023139108 437 76000 SH SOLE American Capital Strategies COM 024937104 23195 679000 SH SOLE American Electric Power COM 025537101 891 21400 SH SOLE American Express COM 025816109 341 7800 SH SOLE American International Group COM 026874107 264 6099 SH SOLE AMERICAN SCIENCE & ENGR COM 029429107 1617 29626 SH SOLE American Vanguard COM 030371108 1135 68200 SH SOLE Ametek COM 031100100 1644 37450 SH SOLE Annaly Capital COM 035710409 3677 240000 SH SOLE Apache COM 037411105 2420 20032 SH SOLE APPLE COM 037833100 1579 11000 SH SOLE Aptargroup COM 038836103 545 14000 SH SOLE Arrow Financial COM 042744102 325 14459 SH SOLE Arthrocare COM 043136100 1082 32450 SH SOLE ASHFORD HOSPITALITY COM SHS 044103109 7471 1315291 SH SOLE Autoliv COM 052800109 6139 122300 SH SOLE ADP COM 053015103 861 20300 SH SOLE AVALONBAY CMNTYS COM 053484101 2186 22650 SH SOLE BANCORP RI COM 059690107 685 19000 SH SOLE Bancorpsouth COM 059692103 239 10300 SH SOLE BANK OF AMERICA COM 060505104 14909 393272 SH SOLE Bank of Florida COM 062128103 245 24202 SH SOLE Bank Of NY COM 064057102 4272 102361 SH SOLE BE Aerospace Inc. COM 073302101 952 27225 SH SOLE BECKMAN COULTER COM 075811109 1033 16000 SH SOLE Best Buy COM 086516101 217 5225 SH SOLE BLACK & DECKER COM 091797100 6167 93300 SH SOLE BlackRock Kelso COM 092533108 5373 450000 SH SOLE BOLT TECHNOLOGY COM 097698104 442 24000 SH SOLE BOSTON PROP COM 101121101 21277 231100 SH SOLE Brandywine Realty COM SBI 105368203 6959 410316 SH SOLE Bridge Capital Holdings COM 108050107 689 32500 SH SOLE Briggs & Stratton COM 109043109 301 16800 SH SOLE Bright Horizon Family COM 109195107 362 8400 SH SOLE BRISTOL MYERS COM 110122108 23097 1084378 SH SOLE Bristow Group COM 110394103 1073 20000 SH SOLE Broadcom CL A 111320107 337 17500 SH SOLE Brookdale Senior Liv COM 112463104 26025 1088900 SH SOLE BROOKFIELD PPTYS COM 112900105 2593 134300 SH SOLE Bucyrus Int'l CL A 118759109 2607 25650 SH SOLE BURGER KING COM 121208201 13830 500000 SH SOLE CBL & Assoc Pptys COM 124830100 12544 533100 SH SOLE CBS CL B 124857202 11605 525600 SH SOLE CVS Caremark COM 126650100 1985 49005 SH SOLE CACI Int CL A 127190304 920 20200 SH SOLE Campbell Soup COM 134429109 19521 575000 SH SOLE CAPLEASE COM 140288101 2875 369977 SH SOLE CARNIVAL PAIRED CTF 143658300 10816 267200 SH SOLE Caterpillar COM 149123101 1503 19200 SH SOLE CENTEX COM 152312104 3874 160000 SH SOLE Cerner Corp COM 156782104 1085 29100 SH SOLE CHAMPION ENT COM 158496109 8516 849083 SH SOLE CHARLES RIV LABS COM 159864107 2151 36500 SH SOLE Cherokee Banking COM 164154106 376 19800 SH SOLE Chesapeake Energy COM 165167107 1952 42300 SH SOLE Chevron COM 166764100 1839 21544 SH SOLE CHICAGO BRIDGE & IRON NY REG SHS 167250109 8766 223400 SH SOLE CITIGROUP COM 172967101 676 31548 SH SOLE CLEVELAND CLIFFS COM 185896107 20082 167600 SH SOLE Colonial Bancgroup COM 195493309 130 13517 SH SOLE Comerica COM 200340107 771 21992 SH SOLE Commerce Natl Bank COM 200661106 237 20000 SH SOLE Commercefirst Bancorp COM 200845105 253 25000 SH SOLE Comtech Comm COM 205826209 1326 34000 SH SOLE CONAGRA FOODS COM 205887102 23950 1000000 SH SOLE Connecticut Bank & Trust COM 207546102 120 20000 SH SOLE Corning COM 219350105 1332 55400 SH SOLE Countrywide Financial COM 222372104 265 48140 SH SOLE COWEN GROUP COM 223621103 140 19700 SH SOLE Cullen Frost Bankers COM 229899109 306 5778 SH SOLE Dresser-Rand COM 233856103 818 26597 SH SOLE Danaher COM 235851102 244 3208 SH SOLE DARDEN RESTAURANTS COM 237194105 1618 49700 SH SOLE Dawson Geophysical COM 239359102 338 5000 SH SOLE DEERE COM 244199105 32176 400000 SH SOLE Developers Diversified Realty COM 251591103 7679 183348 SH SOLE DiamondRock Hospital COM 252784301 20962 1654459 SH SOLE DICKS SPORTING GOODS INC COM 253393102 268 10000 SH SOLE DIGITAL RLTY COM 253868202 846 36800 SH SOLE Dow Chemical COM 260543103 11055 300000 SH SOLE Dril-Quip COM 262037104 1380 29700 SH SOLE DuPont COM 263534109 253 5403 SH SOLE DYNAMIC MATLS COM 267888105 518 12000 SH SOLE Eagle Bancorp COM 268948106 208 15934 SH SOLE ESSEX PPTY COM 297178105 8146 71468 SH SOLE Express Scripts COM 302182100 823 12800 SH SOLE FLIR SYS COM 302445101 4483 149000 SH SOLE FTI CONSULTING INC SHS 302941109 568 8000 SH SOLE Fair Isaac COM 303250104 364 16937 SH SOLE FASTENAL COM 311900104 459 10000 SH SOLE Fannie Mae COM 313586109 25802 230120 SH SOLE Fifth Third Bancorp COM 316773100 10629 508100 SH SOLE FIRST SEC GROUP COM 336312103 298 32826 SH SOLE FLOTEK INDS COM 343389102 667 45750 SH SOLE Forest Laboratories COM 345838106 600 15000 SH SOLE Forestar Real Estate COM 346233109 10836 434993 SH SOLE GAFISA S A SPON ADR 362607301 19676 589800 SH SOLE GATEHOUSE MEDIA COM 367348109 30720 5260300 SH SOLE GENERAL ELECTRIC CO COM 369604103 11942 322681 SH SOLE General Growth Pptys COM 370021107 32654 855500 SH SOLE GRACO COM 384109104 348 9600 SH SOLE W W Grainger COM 384802104 344 4500 SH SOLE GREAT WOLF RESORTS COM 391523107 801 125502 SH SOLE Archer-Daniels-Midland COM 394831020 412 10000 SH SOLE Grupo Aeroportuario SPON ADR 400506101 2377 52826 SH SOLE Hawaiian Electric COM 419870100 220 9200 SH SOLE Healthcare Services COM 421906108 25241 1222926 SH SOLE Heritage Commerce COM 426927109 183 10000 SH SOLE Hewlett Packard COM 428236103 201 4400 SH SOLE HEXCEL COM 428291108 229 12000 SH SOLE HOLOGIC COM 436440101 1768 31800 SH SOLE HOME PROPERTIES COM 437306103 6925 144300 SH SOLE HONEYWELL COM 438516106 15755 279250 SH SOLE Hospira Inc COM 441060100 377 8810 SH SOLE HOVNANIAN CL A 442487203 1511 142500 SH SOLE Humana COM 444859102 807 18000 SH SOLE IRSA INVERSIONES GLOBAL DEP 450047204 6074 432321 SH SOLE Indymac Bancorp COM 456607100 931 187700 SH SOLE Intel COM 458140100 4507 212784 SH SOLE IBM COM 459200101 3107 26983 SH SOLE ION GEOPHYSICAL COM 462044108 1235 89500 SH SOLE ITC HLDGS COM 465685105 21433 411700 SH SOLE ITRON COM 465741106 3275 36300 SH SOLE JOHNSON & JOHNSON COM 478160104 14475 223140 SH SOLE Johnson Controls COM 478366107 426 12600 SH SOLE Keycorp COM 493267108 201 9164 SH SOLE LEHMAN BROS COM 524908100 1038 27580 SH SOLE LENNAR CORP CL A 526057104 3457 185040 SH SOLE Eli Lilly COM 532457108 1496 28998 SH SOLE LINCOLN ELEC HLDGS COM 533900106 5964 92474 SH SOLE LOCKHEED MARTIN COM 539830109 4965 50000 SH SOLE Lowes Companies COM 548661107 3087 134555 SH SOLE MDC Holdings COM 552676108 1933 44144 SH SOLE MEMC ELECTR COM 552715104 4112 58000 SH SOLE MACERICH COM 554382101 8896 126600 SH SOLE MACK CALI RLTY COM 554489104 21526 602800 SH SOLE MAGUIRE PPTYS COM 559775101 10283 718600 SH SOLE MARATHON OIL COM 565849106 65415 1434546 SH SOLE Marriott Int COM 571903202 97981 2851600 SH SOLE MCDONALDS COM 580135101 7139 128000 SH SOLE MCGRATH RENTCORP COM 580589109 2312 95900 SH SOLE McGraw Hill COM 580645109 1859 50300 SH SOLE Mechel OAO SPON ADR 583840103 284 2500 SH SOLE Medallion Financial COM 583928106 240 26600 SH SOLE MEDTRONIC COM 585055106 3279 67800 SH SOLE MERCK COM 589331107 1709 45033 SH SOLE Meridian Bioscience COM 589584101 18264 546325 SH SOLE MERRILL LYNCH COM 590188108 602 14770 SH SOLE MICROSOFT COM 594918104 585 4000 SH SOLE MIDDLEBY COM 596278101 1378 22091 SH SOLE 3M Co. COM 604059105 2899 36632 SH SOLE Mobile Telesystems SPON ADR 607409109 65990 870000 SH SOLE MOCON COM 607494101 146 12975 SH SOLE MOHAWK INDS COM 608190104 816 11400 SH SOLE MORGAN STANLEY COM 617446448 9140 200000 SH SOLE NBT Bancorp COM 628778102 222 10000 SH SOLE NYSE EURONEXT COM 629491101 247 4000 SH SOLE NASDAQ OMX GROUP COM 631103108 271 7000 SH SOLE National CineMedia COM 635309107 19306 858800 SH SOLE National City COM 635405103 200 20087 SH SOLE NEW YORK CMNTY COM 649445103 782 42900 SH SOLE Nike Inc CL B 654106103 1333 19600 SH SOLE NOKIA SPON ADR 654902204 10994 345400 SH SOLE Northrop Grumman COM 666807102 305 3914 SH SOLE NUCOR CORP COM 670346105 9142 134950 SH SOLE OCEANEERING INTL COM 675232102 630 10000 SH SOLE OMEGA HEALTHCARE COM 681936100 5287 304547 SH SOLE O'Reilly Automotive COM 686091109 2733 95830 SH SOLE Overseas Shipholding COM 690368105 36771 525000 SH SOLE PNC Financial Services COM 693475105 2826 43101 SH SOLE PACCAR COM 693718108 1548 34400 SH SOLE PACIFIC MERCANTILE BANCORP COM 694552100 462 48385 SH SOLE Packaging Corp of Am COM 695156109 511 22900 SH SOLE PEDIATRIX MED GROUP COM 705324101 5837 86600 SH SOLE PENN VA COM 707882106 529 12000 SH SOLE PennantPark COM 708062104 11714 1376500 SH SOLE J C Penney COM 708160106 1938 51400 SH SOLE PEPSICO COM 713448108 93571 1296000 SH SOLE Pfizer COM 717081103 1434 68495 SH SOLE Pharmaceutical Prod Devl COM 717124101 258 6150 SH SOLE PHILIP MORRIS COM 718172109 48026 949500 SH SOLE POST PPTYS COM 737464107 4588 118800 SH SOLE Precision Castparts COM 740189105 1672 16382 SH SOLE PRICELINE COM COM 741503403 1209 10000 SH SOLE PROCTER & GAMBLE COM 742718109 37188 530730 SH SOLE Progressive COM 743315103 9160 570000 SH SOLE PROLOGIS COM 743410102 10866 184600 SH SOLE Public Service Enter COM 744573106 8641 215000 SH SOLE Pulaski Financial COM 745548107 185 17500 SH SOLE PULTE HOMES INC COM 745867101 5916 406610 SH SOLE Qualcomm COM 747525103 225 5488 SH SOLE Radian Group COM 750236101 453 69000 SH SOLE RAYTHEON COM 755111507 58149 900000 SH SOLE Regal Entertainment CL A 758766109 55899 2897800 SH SOLE Resmed COM 761152107 422 10000 SH SOLE Reynolds American COM 761713106 15938 270000 SH SOLE River City Bank COM 768037103 181 20000 SH SOLE Riverview Bancorp COM 769397100 241 24116 SH SOLE RYLAND GROUP COM 783764103 3168 96323 SH SOLE SEI Investments COM 784117103 487 19720 SH SOLE SJW COM 784305104 3062 107100 SH SOLE St. Mary Land & Expl COM 792228108 770 20000 SH SOLE SCHLUMBERGER COM 806857108 60465 695000 SH SOLE Schnitzer Steel CL A 806882106 1278 18000 SH SOLE Scotts Miracle-Gro COM 810186106 2075 64000 SH SOLE SEQUENOM COM 817337405 326 50216 SH SOLE Sierra Pacific Resources COM 826428104 975 77200 SH SOLE SIGMA ALDRICH CORP COM 826552101 418 7000 SH SOLE SIMON PPTY GROUP COM 828806109 20550 221180 SH SOLE SINCLAIR BROADCAST CL A 829226109 5346 600000 SH SOLE Skywest COM 830879102 2156 102100 SH SOLE Snap-On COM 833034101 763 15000 SH SOLE SONIC SOLUTIONS COM 835460106 241 25000 SH SOLE SOUTH FINL COM 837841105 299 20103 SH SOLE SOUTHERN NATL BANCORP COM 843395104 372 43750 SH SOLE Southwest Airlines COM 844741108 1139 91837 SH SOLE Sovereign Bancorp COM 845905108 279 29942 SH SOLE STRATASYS INC COM 862685104 1887 106000 SH SOLE Stryker Corp COM 863667101 1678 25800 SH SOLE STUDENT LN CORP COM 863902102 1543 15600 SH SOLE SUMMIT ST BK ROHNERT CA COM 866264203 278 35000 SH SOLE SUN COMMUNITIES INC COM 866674104 2038 99400 SH SOLE SUNSTONE HOTEL INVS COM 867892101 7888 492715 SH SOLE Susquehanna Bancshares COM 869099101 653 32065 SH SOLE Systemax COM 871851101 195 16200 SH SOLE TCF Financial COM 872275102 403 22500 SH SOLE THQ COM NEW 872443403 218 10000 SH SOLE TAUBMAN CTRS COM 876664103 5659 108618 SH SOLE TEMPLE INLAND PART UNIT 879868107 34856 2740247 SH SOLE Tennant COM 880345103 239 6000 SH SOLE TESORO COM 881609101 16080 536014 SH SOLE Teva Pharmaceutical ADR 881624209 3326 72000 SH SOLE TEXTRON COM 883203101 31270 564230 SH SOLE Thor Industries COM 885160101 348 11700 SH SOLE TIME WARNER INC COM 887317105 46519 3318027 SH SOLE TITANIUM METALS COM 888339207 316 21000 SH SOLE Toll Brothers COM 889478103 3426 145900 SH SOLE Tractor Supply COM 892356106 1012 25600 SH SOLE Turkell Iletisim SPON ADR NEW 900111204 17839 853935 SH SOLE UDR INC COM 902653104 1231 50200 SH SOLE U S Bancorp COM 902973304 923 28510 SH SOLE US Bancorp COM 902973304 85754 2650000 SH SOLE UNION PAC COM 907818108 2746 21900 SH SOLE UNITED TECH COM 913017109 3441 50000 SH SOLE UNITED WESTN BANCORP INC COM 913201109 179 10000 SH SOLE Air Products & Chemicals COM 915810600 4453 48400 SH SOLE V F CORP COM 918204108 17082 220379 SH SOLE VF COM 918204108 31940 412079 SH SOLE Valmont Industires COM 920253101 1143 13000 SH SOLE Varian Semiconductor COM 922207105 712 25300 SH SOLE Vornado Realty Trust COM SBI 929042109 43407 503500 SH SOLE Wachovia COM 929903102 131857 4883611 SH SOLE WALGREEN COM 931422109 1230 32300 SH SOLE Webster Financial COM 947890109 1307 46900 SH SOLE West Pharmaceutical COM 955306105 221 5000 SH SOLE Western Union COM 959802109 296 13900 SH SOLE WHIRLPOOL COM 963320106 4782 55100 SH SOLE Wyeth COM 983024100 985 23591 SH SOLE Zebra Tech CL A 989207105 1254 37650 SH SOLE Regional Bank HOLDRS DEP REC 75902E100 649 5500 SH SOLE Alpine Global Dynamic Dividend COM 02082E106 582 31566 SH SOLE Embarq COM 29078E105 2206 55000 SH SOLE INVENTIV HEALTH COM 46122E105 807 28000 SH SOLE BRE PROPERTIES CL A 05564E106 8789 192900 SH SOLE AMB PROPERTY SHS 00163T505 11002 212998 SH SOLE AT&T COM 00206R102 9020 235522 SH SOLE Allegheny Technologies COM 01741R102 16413 230000 SH SOLE ALLIANCEBERNSTEIN UNIT LTD PART 01881G106 2320 36600 SH SOLE Alpine Global Premier Prop COM SBI 02083A103 7945 627063 SH SOLE Altria Group COM 02209S103 21079 949500 SH SOLE AMERICA MOVIL SA SPON ADR 02364W105 23504 369044 SH SOLE AMERICAN FINL RLTY TR COM 02607P305 9006 1134246 SH SOLE Americasbank COM 03061G302 70 40000 SH SOLE Angiodynamics COM 03475V101 316 27340 SH SOLE Ansys COM 03662Q105 967 28000 SH SOLE Armstrong World Industries COM 04247X102 4511 126500 SH SOLE B&G Foods CL A 05508R106 21067 1915200 SH SOLE Bank of Va Chesterfield COM 06544P104 216 35000 SH SOLE Biogen Idec COM 09062X103 802 13000 SH SOLE BLACKSTONE GROUP COM 09253U108 23979 1510000 SH SOLE Burlington Northern COM 12189T104 1197 12979 SH SOLE CAI INT COM 12477X106 244 19000 SH SOLE CCF Holding COM 12487X104 138 21300 SH SOLE CBRE REALTY COM 12498B307 2868 711762 SH SOLE CME GROUP COM 12572Q105 9898 21100 SH SOLE Capital One Financial COM 14040H105 891 18109 SH SOLE Cardinal Health COM 14149Y108 562 10698 SH SOLE CENTRAL FED COM 15346Q103 248 55000 SH SOLE China Mobile SPON ADR 16941M109 994 13251 SH SOLE Citizens Comm COM 17453B101 2241 213600 SH SOLE CITIZENS FIRST COM 17462Q107 185 21194 SH SOLE COHEN & STEERS COM 19247A100 927 35000 SH SOLE Community Nat'l Ban COM 20375S103 290 44700 SH SOLE CONSOL ENERGY COM 20854P109 7532 108860 SH SOLE CORPORATE OFFICE PPTYS COM SBI 22002T108 4003 119100 SH SOLE Cyberonics COM 23251P102 290 20000 SH SOLE DG FASTCHANNEL INC COM 23326R109 391 20400 SH SOLE D R Horton COM 23331A109 2001 127064 SH SOLE Desarroladora Homex SPON ADR 25030W100 40867 704000 SH SOLE Devon Energy COM 25179M103 1283 12300 SH SOLE Diamond Offshore Drilling COM 25271C102 93725 805200 SH SOLE Discovery Bancorp COM 25470B103 167 15000 SH SOLE DOUGLAS EMMETT COM 25960P109 6188 280509 SH SOLE DUPONT FABROS TECH COM 26613Q106 1070 64870 SH SOLE EAGLE MATERIALS COM 26969P108 4333 121898 SH SOLE ENTERTAINMENT PPTYS COM SHS BEN 29380T105 13904 281865 SH SOLE EQUITY RESIDENTIAL COM SBI 29476L107 3946 95100 SH SOLE Exxon Mobil COM 30231G102 3206 37902 SH SOLE FMC TECHN COM 30249U101 1877 33000 SH SOLE FPB Bancorp COM 30254M101 369 44100 SH SOLE FEDEX CORP COM 31428X106 4559 49200 SH SOLE FELCOR LODGING COM 31430F101 4544 377700 SH SOLE Fidelity Nat'l Info COM 31620M106 332 8716 SH SOLE FIDELITY NATIONAL CL A 31620R105 224 12227 SH SOLE FIRST CMNTY BANCORP COM 31983B101 320 11900 SH SOLE FIRST PACTRUST BANCORP COM 33589V101 233 14033 SH SOLE FIRST POTOMAC RLTY COM 33610F109 281 18288 SH SOLE Fortress Investment CL A 34958B106 9640 785000 SH SOLE FRONTIER OIL COM 35914P105 2453 90000 SH SOLE GOLDMAN SACHS COM 38141G104 6599 39900 SH SOLE Goldleaf Financial Sol COM 38144H208 253 124000 SH SOLE Google CL A 38259P508 2896 6575 SH SOLE Guaranty Fin COM 40108N106 14797 1393292 SH SOLE HRPT Properties Trus COM SBI 40426W101 11767 1748400 SH SOLE HEALTH CARE COM 42217K106 2392 53000 SH SOLE Helix Energy Solutions COM 42330P107 1462 46400 SH SOLE HESS COM 42809H107 28579 324100 SH SOLE HOSPITALITY PPTYS COM 44106M102 1788 52550 SH SOLE Host Hotels & Resort COM 44107P104 26644 1673638 SH SOLE IPG PHOTONICS COM 44980X109 235 15000 SH SOLE iStar Financial COM 45031U101 39627 2824423 SH SOLE IMPAC MTG HLDGS COM 45254P102 70 55000 SH SOLE Interactive brokers COM 45841N107 385 15000 SH SOLE INTERCONTINENTALEXCHANGE COM 45865V100 522 4000 SH SOLE Interstate Hotels & Resorts COM 46088S106 4252 889531 SH SOLE INTUITIVE SURGICAL COM 46120E602 5274 16260 SH SOLE INVITROGEN COM 46185R100 1838 21500 SH SOLE JP MORGAN COM 46625H100 9348 217657 SH SOLE JMP GROUP COM 46629U107 291 41500 SH SOLE KB HOME COM 48666K109 3462 140000 SH SOLE Kendle In COM 48880L107 247 5500 SH SOLE Kilroy Realty COM 49427F108 20214 411600 SH SOLE KIMCO REALTY COM 49446R109 11861 302800 SH SOLE KINETIC CONCEPTS COM 49460W208 462 10000 SH SOLE LSI INDS COM 50216C108 2030 153700 SH SOLE LIFE TIME FITNESS COM 53217R207 2100 67300 SH SOLE M & T Bank COM 55261F104 8522 105885 SH SOLE MBIA COM 55262C100 731 59800 SH SOLE MB Financial COM 55264U108 299 9724 SH SOLE MFA MTG INVTS COM 55272X102 5985 950000 SH SOLE Macquarie Infrast COM SBI 55608B105 68698 2358315 SH SOLE MANPOWER COM 56418H100 3207 57000 SH SOLE Medco Health Solutions COM 58405U102 1277 29166 SH SOLE Monarch Financial Holdings Inc COM 60902N102 165 16500 SH SOLE Monsanto COM 61166W101 41478 372000 SH SOLE MOSAIC COM 61945A107 1642 16000 SH SOLE Municipal Mort & Equity GROWTH 62624B101 115 22400 SH SOLE NVR INC COM 62944T105 2390 4000 SH SOLE NYMEX HOLDINGS I COM 62948N104 752 8300 SH SOLE NAVTEQ COM 63936L100 272 4000 SH SOLE NETLOGIC MICROSYSTEMS COM 64118B100 868 35950 SH SOLE NEW CENTRY BANCORP COM 64353M100 87 10200 SH SOLE NIGHTHAWK RADIOLOGY COM 65411N105 94 10000 SH SOLE Nu Skin Ent CL A 67018T105 3063 170000 SH SOLE Old Line Bancshares COM 67984M100 405 50000 SH SOLE ONLINE RES CORP COM 68273G101 144 15000 SH SOLE Vimpel-Comm SPON ADR 68370R109 36017 1205000 SH SOLE PG&E Corp COM 69331C108 11046 300000 SH SOLE Petroleo Brasileiro SPON ADR NON VTG 71654V408 20422 200000 SH SOLE Pinnacle Financial COM 72346Q104 512 20000 SH SOLE POLYCOM COM 73172K104 1092 48450 SH SOLE Portfolio Recovery Assoc COM 73640Q105 2037 47500 SH SOLE POWERSECURE COM 73936N105 471 40000 SH SOLE Principal Financial COM 74251V102 58606 1051800 SH SOLE PSYCHIATRIC SOLUTIONS COM 74439H108 1773 52275 SH SOLE PUBLIC STORAGE COM 74460D430 1410 70500 SH SOLE Quest Diagnostics COM 74834L100 3074 67900 SH SOLE Regions Financial COM 7591EP100 444 22471 SH SOLE SCBT Financial COM 78401V102 207 6120 SH SOLE SL Green Realty COM 78440X101 11500 141159 SH SOLE SLM COM 78442P106 1945 126700 SH SOLE SANDERS MORRIS HARRIS COM 80000Q104 560 68600 SH SOLE SAVIENT PHARM COM 80517Q100 300 15000 SH SOLE Signature Bank COM 82669G104 393 15400 SH SOLE Southern CT Bancorp COM 84264A102 434 62000 SH SOLE SOUTHSIDE BANCSHARES INC COM 84470P109 537 22305 SH SOLE STANDARD PAC COM 85375C101 3089 635522 SH SOLE Starwood Hotels & Re COM 85590A401 30615 591600 SH SOLE Strategic Hotels & R COM 86272T106 1970 150000 SH SOLE Sun Bancorp Inc COM 86663B102 224 17043 SH SOLE SUNOCO INC COM 86764P109 21099 402106 SH SOLE Sunrise Senior Livin COM 86768K106 27023 1212900 SH SOLE Synchronoss Tech COM 87157B103 220 11000 SH SOLE SYNOVIS LIFE TECH COM 87162G105 392 25000 SH SOLE Valero Energy COM 91913Y100 47600 969250 SH SOLE VENTAS COM 92276F100 4644 103400 SH SOLE Verizon Comm COM 92343V104 8900 244182 SH SOLE Waste Management COM 94106L109 28630 853100 SH SOLE Wesco Intl COM 95082P105 3675 100700 SH SOLE Wellpoint Inc COM 97973V107 1748 39600 SH SOLE Wyndham Worldwide COM 98310W108 250 12100 SH SOLE Xcel Energy COM 98389B100 1175 58900 SH SOLE XINYUAN REAL ESTATE SPON ADR 98417P105 1487 177200 SH SOLE Aircastle COM G0129K104 24751 2200100 SH SOLE Castlepoint Hldgs COM G19522112 584 60000 SH SOLE Frontline LTD SHS G3682E127 15477 336300 SH SOLE Ingersoll Rand COM G4776G101 468 10500 SH SOLE Marvell Technology COM G5876H105 496 45600 SH SOLE MF GLOBAL LTD COM G60642108 149 15000 SH SOLE OneBeacon Insurance CL A G67742109 4106 215900 SH SOLE Orient Express Hotel CL A G67743107 66052 1530397 SH SOLE RenaissanceRe COM G7496G103 1640 31600 SH SOLE Ship Finance Int SHS G81075106 26186 996420 SH SOLE Transocean Sedco Forex ORD G90078109 832 6156 SH SOLE WEATHERFORD INTL COM G95089101 2577 35555 SH SOLE Alcon Inc COM SHS H01301108 3236 22750 SH SOLE LOGITECH INTL COM H50430232 1147 45100 SH SOLE MILLICOM INTL SHS L6388F110 662 7000 SH SOLE Alvarion SHS M0861T100 1031 142250 SH SOLE BLUEPHOENIX SOLUTIONS SHS M20157109 84 10000 SH SOLE CELLCOM ISRAEL SHS M2196U109 7543 240000 SH SOLE CORE LAB COM N22717107 239 2000 SH SOLE DIANA SHIPPING COM Y2066G104 15906 604350 SH SOLE DRYSHIPS SHS Y2109Q101 5991 100000 SH SOLE EAGLE BULK SHIPPING COM Y2187A101 3143 122000 SH SOLE FREESEAS COM Y26496102 4046 680000 SH SOLE GENCO SHIPPING SHS Y2685T107 51594 914300 SH SOLE Teekay Corp. COM Y8564W103 14682 345700 SH SOLE TEEKAY TANKERS CL A Y8565N102 7704 450000 SH SOLE