13F-HR 1 dyn3q07.txt FORM 13F HOLDINGS REPORT 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, 2007 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: Dynamic Capital Management LLC Address: 630 Fifth Avenue New York, NY 10111 13F File Number: 28-11116 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: Camille Hayek Title: Managing Member Phone: 212-246-9000 Signature, Place, and Date of Signing: Camille Hayek New York, NY November 13, 2007 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 Form13F Information Table Entry Total: 308 Form13F Information Table Value Total: $238,860 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional managers with respect to which this report is filed, other than the manager filing this report. No. 13F File Number Name 28-11117 Camille Hayek FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 99 CENTS ONLY STORES COM 65440K106 280 27300 SH SOLE 1 27300 0 0 ABRAXIS BIOSCIENCE INC COM 00383E106 205 9000 SH SOLE 1 9000 0 0 ACXIOM CORP COM 005125109 1588 80226 SH SOLE 1 80226 0 0 ADOBE SYS INC COM 00724F101 1315 30111 SH SOLE 1 30111 0 0 ADTRAN INC COM 00738A106 476 20674 SH SOLE 1 20674 0 0 ADVANCED MICRO DEVICES INC COM 007903107 2016 152700 SH SOLE 1 152700 0 0 AEROPOSTALE COM 007865108 227 11900 SH SOLE 1 11900 0 0 AIRTRAN HLDGS INC COM 00949P108 210 21300 SH SOLE 1 21300 0 0 AKAMAI TECHNOLOGIES INC COM 00971T101 333 11600 SH SOLE 1 11600 0 0 ALBERTO CULVER CO NEW COM 013078100 253 10200 SH SOLE 1 10200 0 0 ALLIANCE DATA SYSTEMS CORP COM 018581108 225 2900 SH SOLE 1 2900 0 0 ALLTEL CORP COM 020039103 256 3680 SH SOLE 1 3680 0 0 ALTERA CORP COM 021441100 922 38300 SH SOLE 1 38300 0 0 AMAZON COM INC COM 023135106 205 2200 SH SOLE 1 2200 0 0 AMBAC FINL GROUP INC COM 023139108 1038 16493 SH SOLE 1 16493 0 0 AMERICAN EXPRESS CO COM 025816109 509 8570 SH SOLE 1 8570 0 0 AMERICAN STD COS INC DEL COM 029712106 224 6292 SH SOLE 1 6292 0 0 AMERICREDIT CORP COM 03060R101 253 14400 SH SOLE 1 14400 0 0 AMGEN INC COM 031162100 905 16000 SH SOLE 1 16000 0 0 ANALOG DEVICES INC COM 032654105 467 12926 SH SOLE 1 12926 0 0 ANDREW CORP COM 034425108 172 12400 SH SOLE 1 12400 0 0 ANGIOTECH PHARMACEUTICALS IN COM 034918102 511 81428 SH SOLE 1 81428 0 0 APPLIED MATLS INC COM 038222105 527 25455 SH SOLE 1 25455 0 0 ARRIS GROUP INC COM 04269Q100 524 42458 SH SOLE 1 42458 0 0 AUTOZONE INC COM 053332102 616 5300 SH SOLE 1 5300 0 0 AVAYA INC COM 053499109 178 10500 SH SOLE 1 10500 0 0 AVERY DENNISON CORP COM 053611109 314 5500 SH SOLE 1 5500 0 0 AVID TECHNOLOGY INC COM 05367P100 550 20319 SH SOLE 1 20319 0 0 AXCELIS TECHNOLOGIES INC COM 054540109 439 85823 SH SOLE 1 85823 0 0 BAKER HUGHES INC COM 057224107 434 4801 SH SOLE 1 4801 0 0 BAXTER INTL INC COM 071813109 521 9260 SH SOLE 1 9260 0 0 BB&T CORP COM 054937107 384 9500 SH SOLE 1 9500 0 0 BEAR STEARNS COS INC COM 073902108 565 4600 SH SOLE 1 4600 0 0 BEAZER HOMES USA INC COM 07556Q105 476 57700 SH SOLE 1 57700 0 0 BEST BUY INC COM 086516101 307 6664 SH SOLE 1 6664 0 0 BIOGEN IDEC INC COM 09062X103 3270 49300 SH SOLE 1 49300 0 0 BIOVAIL CORP COM 09067J109 204 11760 SH SOLE 1 11760 0 0 BLOCK H & R INC COM 093671105 597 28200 SH SOLE 1 28200 0 0 BLUE COAT SYSTEMS INC COM NEW 09534T508 299 3800 SH SOLE 1 3800 0 0 BOWATER INC COM 102183100 342 22948 SH SOLE 1 22948 0 0 BRIGGS & STRATTON CORP COM 109043109 327 13000 SH SOLE 1 13000 0 0 BROOKS AUTOMATION INC COM 114340102 164 11500 SH SOLE 1 11500 0 0 BRUNSWICK CORP COM 117043109 305 13342 SH SOLE 1 13342 0 0 BURLINGTON NORTHN SANTA FE C COM 12189T104 609 7500 SH SOLE 1 7500 0 0 CA INC COM 12673P105 244 9500 SH SOLE 1 9500 0 0 CABOT MICROELECTRONICS CORP COM 12709P103 205 4800 SH SOLE 1 4800 0 0 CARDINAL HEALTH INC COM 14149Y108 1388 22200 SH SOLE 1 22200 0 0 CARMAX INC COM 143130102 464 22800 SH SOLE 1 22800 0 0 CEC ENTMT INC COM 125137109 564 21000 SH SOLE 1 21000 0 0 CENTEX CORP COM 152312104 2203 82900 SH SOLE 1 82900 0 0 CHEVRON CORP NEW COM 166764100 543 5800 SH SOLE 1 5800 0 0 CHICOS FAS INC COM 168615102 351 25000 SH SOLE 1 25000 0 0 CHILDRENS PL RETAIL STORES I COM 168905107 846 34857 SH SOLE 1 34857 0 0 CHUBB CORP COM 171232101 933 17400 SH SOLE 1 17400 0 0 CIGNA CORP COM 125509109 432 8100 SH SOLE 1 8100 0 0 CINTAS CORP COM 172908105 776 20906 SH SOLE 1 20906 0 0 CIRCUIT CITY STORE INC COM 172737108 6466 817500 SH SOLE 1 817500 0 0 CIT GROUP INC COM 125581108 233 5800 SH SOLE 1 5800 0 0 CITIGROUP INC COM 172967101 307 6580 SH SOLE 1 6580 0 0 CLOROX CO DEL COM 189054109 569 9323 SH SOLE 1 9323 0 0 CME GROUP INC COM 12572Q105 294 500 SH SOLE 1 500 0 0 CNET NETWORKS INC COM 12613R104 299 40200 SH SOLE 1 40200 0 0 COGNEX CORP COM 192422103 257 14446 SH SOLE 1 14446 0 0 COLLECTIVE BRANDS INC COM 19421W100 223 10100 SH SOLE 1 10100 0 0 COMCAST CORP NEW CL A 20030N101 605 25034 SH SOLE 1 25034 0 0 COMERICA INC COM 200340107 959 18700 SH SOLE 1 18700 0 0 COMMSCOPE INC COM 203372107 512 10200 SH SOLE 1 10200 0 0 COMMUNITY HEALTH SYS INC NEW COM 203668108 1517 48253 SH SOLE 1 48253 0 0 COMPUTER SCIENCES CORP COM 205363104 727 13000 SH SOLE 1 13000 0 0 COMPUWARE CORP COM 205638109 164 20400 SH SOLE 1 20400 0 0 CONOCOPHILLIPS COM 20825C104 1255 14300 SH SOLE 1 14300 0 0 CONVERGYS CORP COM 212485106 200 11500 SH SOLE 1 11500 0 0 CORNING INC COM 219350105 594 24100 SH SOLE 1 24100 0 0 COUNTRYWIDE FINANCIAL CORP COM 222372104 350 18400 SH SOLE 1 18400 0 0 CUMMINS INC COM 231021106 230 1800 SH SOLE 1 1800 0 0 CV THERAPEUTICS INC COM 126667104 262 29200 SH SOLE 1 29200 0 0 CYBERONICS INC COM 23251P102 297 21300 SH SOLE 1 21300 0 0 D R HORTON INC COM 23331A109 501 39100 SH SOLE 1 39100 0 0 DELL INC COM 24702R101 417 15100 SH SOLE 1 15100 0 0 DEVON ENERGY CORP NEW COM 25179M103 1631 19600 SH SOLE 1 19600 0 0 DILLARDS INC CL A 254067101 275 12582 SH SOLE 1 12582 0 0 DOLLAR TREE STORES INC COM 256747106 259 6400 SH SOLE 1 6400 0 0 DOMINION RES INC VA NEW COM 25746U109 540 6400 SH SOLE 1 6400 0 0 DOW CHEM CO COM 260543103 400 9300 SH SOLE 1 9300 0 0 DOW JONES & CO INC COM 260561105 233 3900 SH SOLE 1 3900 0 0 DUKE ENERGY CORP NEW COM 26441C105 1619 86600 SH SOLE 1 86600 0 0 E TRADE FINANCIAL CORP COM 269246104 385 29500 SH SOLE 1 29500 0 0 EAGLE MATERIALS INC COM 26969P108 202 5646 SH SOLE 1 5646 0 0 EASTMAN KODAK CO COM 277461109 552 20611 SH SOLE 1 20611 0 0 EATON CORP COM 278058102 222 2243 SH SOLE 1 2243 0 0 ELECTRONIC ARTS INC COM 285512109 400 7146 SH SOLE 1 7146 0 0 ELECTRONIC DATA SYS NEW COM 285661104 520 23823 SH SOLE 1 23823 0 0 EMMIS COMMUNICATIONS CORP CL A 291525103 29 13436 SH SOLE 1 13436 0 0 ENTERCOM COMMUNICATIONS CORP CL A 293639100 286 14800 SH SOLE 1 14800 0 0 ENTERGY CORP NEW COM 29364G103 1635 15100 SH SOLE 1 15100 0 0 EOG RES INC COM 26875P101 737 10190 SH SOLE 1 10190 0 0 EXELON CORP COM 30161N101 2163 28700 SH SOLE 1 28700 0 0 EXTREME NETWORKS INC COM 30226D106 698 181772 SH SOLE 1 181772 0 0 EXXON MOBIL CORP COM 30231G102 1166 12600 SH SOLE 1 12600 0 0 F5 NETWORKS INC COM 315616102 234 6300 SH SOLE 1 6300 0 0 FAMILY DLR STORES INC COM 307000109 276 10400 SH SOLE 1 10400 0 0 FEDERAL HOME LN MTG CORP COM 313400301 360 6093 SH SOLE 1 6093 0 0 FEDERAL NATL MTG ASSN COM 313586109 760 12500 SH SOLE 1 12500 0 0 FEDEX CORP COM 31428X106 2362 22548 SH SOLE 1 22548 0 0 FIDELITY NATIONAL FINANCIAL CL A 31620R105 215 12300 SH SOLE 1 12300 0 0 FIFTH THIRD BANCORP COM 316773100 820 24200 SH SOLE 1 24200 0 0 FINISH LINE INC CL A 317923100 606 139600 SH SOLE 1 139600 0 0 FIRST HORIZON NATL CORP COM 320517105 528 19800 SH SOLE 1 19800 0 0 FOOT LOCKER INC COM 344849104 287 18700 SH SOLE 1 18700 0 0 FOREST LABS INC COM 345838106 793 21268 SH SOLE 1 21268 0 0 FOUNDRY NETWORKS INC COM 35063R100 295 16600 SH SOLE 1 16600 0 0 FPL GROUP INC COM 302571104 974 16000 SH SOLE 1 16000 0 0 FREDS INC CL A 356108100 223 21223 SH SOLE 1 21223 0 0 FREMONT GEN CORP COM 357288109 399 102217 SH SOLE 1 102217 0 0 FRIEDMAN BILLINGS RAMSEY GRO CL A 358434108 290 62900 SH SOLE 1 62900 0 0 FUELCELL ENERGY INC COM 35952H106 521 58644 SH SOLE 1 58644 0 0 FURNITURE BRANDS INTL INC COM 360921100 334 32900 SH SOLE 1 32900 0 0 GANNETT INC COM 364730101 773 17700 SH SOLE 1 17700 0 0 GAP INC DEL COM 364760108 365 19779 SH SOLE 1 19779 0 0 GENERAL MLS INC COM 370334104 772 13300 SH SOLE 1 13300 0 0 GENESIS MICROCHIP INC DEL COM 37184C103 550 70202 SH SOLE 1 70202 0 0 GENZYME CORP COM 372917104 880 14203 SH SOLE 1 14203 0 0 GEORGIA GULF CORP COM PAR $0.01 373200203 275 19800 SH SOLE 1 19800 0 0 GETTY IMAGES INC COM 374276103 807 29000 SH SOLE 1 29000 0 0 HARLEY DAVIDSON INC COM 412822108 1206 26100 SH SOLE 1 26100 0 0 HARMAN INTL INDS INC COM 413086109 847 9790 SH SOLE 1 9790 0 0 HARRAHS ENTMT INC COM 413619107 3909 44963 SH SOLE 1 44963 0 0 HEADWATERS INC COM 42210P102 305 20500 SH SOLE 1 20500 0 0 HEALTH MGMT ASSOC INC NEW CL A 421933102 412 59300 SH SOLE 1 59300 0 0 HERSHEY CO COM 427866108 411 8850 SH SOLE 1 8850 0 0 HEWLETT PACKARD CO COM 428236103 1090 21900 SH SOLE 1 21900 0 0 HILTON HOTELS CORP COM 432848109 214 4600 SH SOLE 1 4600 0 0 HLTH CORPORATION COM 40422Y101 147 10400 SH SOLE 1 10400 0 0 HOME DEPOT INC COM 437076102 12532 386300 SH SOLE 1 386300 0 0 HONEYWELL INTL INC COM 438516106 280 4700 SH SOLE 1 4700 0 0 HOT TOPIC INC COM 441339108 383 51332 SH SOLE 1 51332 0 0 HOVNANIAN ENTERPRISES INC CL A 442487203 345 31075 SH SOLE 1 31075 0 0 HUNTINGTON BANCSHARES INC COM 446150104 207 12200 SH SOLE 1 12200 0 0 IMPAC MTG HLDGS INC COM 45254P102 341 221637 SH SOLE 1 221637 0 0 INDYMAC BANCORP INC COM 456607100 347 14700 SH SOLE 1 14700 0 0 INGERSOLL-RAND COMPANY LTD CL A G4776G101 1226 22500 SH SOLE 1 22500 0 0 INTERDIGITAL INC COM 45867G101 256 12328 SH SOLE 1 12328 0 0 INTERPUBLIC GROUP COS INC COM 460690100 4510 434468 SH SOLE 1 434468 0 0 ISTAR FINL INC COM 45031U101 292 8600 SH SOLE 1 8600 0 0 J2 GLOBAL COMMUNICATIONS INC COM NEW 46626E205 259 7900 SH SOLE 1 7900 0 0 JABIL CIRCUIT INC COM 466313103 370 16200 SH SOLE 1 16200 0 0 JETBLUE AWYS CORP COM 477143101 174 18900 SH SOLE 1 18900 0 0 JOHNSON CTLS INC COM 478366107 1998 16915 SH SOLE 1 16915 0 0 JP MORGAN CHASE & CO COM 46625H100 266 5800 SH SOLE 1 5800 0 0 KB HOME COM 48666K109 2736 109171 SH SOLE 1 109171 0 0 KELLWOOD CO COM 488044108 1035 60731 SH SOLE 1 60731 0 0 KEYCORP NEW COM 493267108 718 22200 SH SOLE 1 22200 0 0 KING PHARMACEUTICALS INC COM 495582108 416 35499 SH SOLE 1 35499 0 0 KLA-TENCOR CORP COM 482480100 697 12500 SH SOLE 1 12500 0 0 KNIGHT CAPITAL GROUP INC CL A 499005106 963 80528 SH SOLE 1 80528 0 0 KRISPY KREME DOUGHNUTS INC COM 501014104 616 154051 SH SOLE 1 154051 0 0 KULICKE & SOFFA INDS INC COM 501242101 590 69630 SH SOLE 1 69630 0 0 LEGG MASON INC COM 524901105 226 2683 SH SOLE 1 2683 0 0 LENNAR CORP CL A 526057104 1010 44600 SH SOLE 1 44600 0 0 LIMITED BRANDS INC COM 532716107 623 27202 SH SOLE 1 27202 0 0 LINEAR TECHNOLOGY CORP COM 535678106 1571 44900 SH SOLE 1 44900 0 0 LOUISIANA PAC CORP COM 546347105 193 11363 SH SOLE 1 11363 0 0 LOWES COS INC COM 548661107 3113 111100 SH SOLE 1 111100 0 0 LSI CORPORATION COM 502161102 1332 179521 SH SOLE 1 179521 0 0 LYONDELL CHEMICAL CO COM 552078107 213 4600 SH SOLE 1 4600 0 0 M D C HLDGS INC COM 552676108 219 5344 SH SOLE 1 5344 0 0 MARATHON OIL CORP COM 565849106 1123 19700 SH SOLE 1 19700 0 0 MARSH & MCLENNAN COS INC COM 571748102 628 24618 SH SOLE 1 24618 0 0 MARTHA STEWART LIVING OMNIME CL A 573083102 308 26413 SH SOLE 1 26413 0 0 MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 228 13900 SH SOLE 1 13900 0 0 MASCO CORP COM 574599106 1750 75536 SH SOLE 1 75536 0 0 MASSEY ENERGY CORP COM 576206106 229 10488 SH SOLE 1 10488 0 0 MAXIM INTEGRATED PRODS INC COM 57772K101 669 22800 SH SOLE 1 22800 0 0 MBIA INC COM 55262C100 592 9700 SH SOLE 1 9700 0 0 MCDONALDS CORP COM 580135101 2247 41245 SH SOLE 1 41245 0 0 MCGRAW HILL COS INC COM 580645109 289 5680 SH SOLE 1 5680 0 0 MEDAREX INC COM 583916101 246 17384 SH SOLE 1 17384 0 0 MEDICIS PHARMACEUTICAL CORP CL A NEW 584690309 326 10700 SH SOLE 1 10700 0 0 MEDTRONIC INC COM 585055106 615 10900 SH SOLE 1 10900 0 0 MERCK & CO INC COM 589331107 248 4800 SH SOLE 1 4800 0 0 MERRILL LYNCH & CO INC COM 590188108 777 10900 SH SOLE 1 10900 0 0 MGIC INVT CORP WIS COM 552848103 2510 77700 SH SOLE 1 77700 0 0 MICREL INC COM 594793101 174 16100 SH SOLE 1 16100 0 0 MICRON TECHNOLOGY INC COM 595112103 1387 124928 SH SOLE 1 124928 0 0 MILLENNIUM PHARMACEUTICALS I COM 599902103 135 13300 SH SOLE 1 13300 0 0 MONSTER WORLDWIDE INC COM 611742107 215 6300 SH SOLE 1 6300 0 0 MYLAN LABS INC COM 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OPENWAVE SYS INC COM NEW 683718308 450 102662 SH SOLE 1 102662 0 0 ORACLE CORP COM 68389X105 318 14700 SH SOLE 1 14700 0 0 P F CHANGS CHINA BISTRO INC COM 69333Y108 340 11500 SH SOLE 1 11500 0 0 PACCAR INC COM 693718108 1671 19600 SH SOLE 1 19600 0 0 PACIFIC SUNWEAR CALIF INC COM 694873100 286 19300 SH SOLE 1 19300 0 0 PALM INC NEW COM 696643105 215 13200 SH SOLE 1 13200 0 0 PANERA BREAD CO CL A 69840W108 241 5900 SH SOLE 1 5900 0 0 PAR PHARMACEUTICAL COS INC COM 69888P106 967 52100 SH SOLE 1 52100 0 0 PARKER HANNIFIN CORP COM 701094104 939 8400 SH SOLE 1 8400 0 0 PDL BIOPHARMA INC COM 69329Y104 220 10200 SH SOLE 1 10200 0 0 PENN NATL GAMING INC COM 707569109 201 3400 SH SOLE 1 3400 0 0 PENNEY J C INC COM 708160106 1210 19100 SH SOLE 1 19100 0 0 PEP BOYS MANNY MOE & JACK COM 713278109 368 26200 SH SOLE 1 26200 0 0 PETSMART INC COM 716768106 204 6400 SH SOLE 1 6400 0 0 PIER 1 IMPORTS INC COM 720279108 886 187374 SH SOLE 1 187374 0 0 PMC-SIERRA INC COM 69344F106 425 50700 SH SOLE 1 50700 0 0 PMI GROUP INC COM 69344M101 258 7900 SH SOLE 1 7900 0 0 PNC FINL SVCS GROUP INC COM 693475105 685 10062 SH SOLE 1 10062 0 0 POLYCOM INC COM 73172K104 916 34118 SH SOLE 1 34118 0 0 POWERWAVE TECHNOLOGIES INC COM 739363109 275 44600 SH SOLE 1 44600 0 0 PPL CORP COM 69351T106 435 9400 SH SOLE 1 9400 0 0 PRICELINE COM INC COM NEW 741503403 382 4300 SH SOLE 1 4300 0 0 PROGRESSIVE CORP OHIO COM 743315103 1786 92027 SH SOLE 1 92027 0 0 PUBLIC SVC ENTERPRISE GROUP COM 744573106 616 7000 SH SOLE 1 7000 0 0 PULTE HOMES INC COM 745867101 5426 398700 SH SOLE 1 398700 0 0 QLOGIC CORP COM 747277101 288 21400 SH SOLE 1 21400 0 0 QLT INC COM 746927102 281 49400 SH SOLE 1 49400 0 0 RADIAN GROUP INC COM 750236101 312 13400 SH SOLE 1 13400 0 0 RADIOSHACK CORP COM 750438103 2701 130743 SH SOLE 1 130743 0 0 RED HAT INC COM 756577102 332 16700 SH SOLE 1 16700 0 0 REDWOOD TR INC COM 758075402 561 16875 SH SOLE 1 16875 0 0 RENT A CTR INC NEW COM 76009N100 455 25101 SH SOLE 1 25101 0 0 RESOURCES CONNECTION 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11600 SH SOLE 1 11600 0 0 SPECTRUM BRANDS INC COM 84762L105 1146 197624 SH SOLE 1 197624 0 0 ST JOE CO COM 790148100 289 8600 SH SOLE 1 8600 0 0 ST JUDE MED INC COM 790849103 723 16400 SH SOLE 1 16400 0 0 STANDARD PAC CORP NEW COM 85375C101 817 148800 SH SOLE 1 148800 0 0 STAPLES INC COM 855030102 5007 233000 SH SOLE 1 233000 0 0 STATE STR CORP COM 857477103 538 7900 SH SOLE 1 7900 0 0 STRYKER CORP COM 863667101 1252 18204 SH SOLE 1 18204 0 0 SUN MICROSYSTEMS INC COM 866810104 142 25200 SH SOLE 1 25200 0 0 SUNOCO INC COM 86764P109 290 4100 SH SOLE 1 4100 0 0 SUNTRUST BKS INC COM 867914103 863 11400 SH SOLE 1 11400 0 0 SYMANTEC CORP COM 871503108 2004 103400 SH SOLE 1 103400 0 0 TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 127 12500 SH SOLE 1 12500 0 0 TALBOTS INC COM 874161102 256 14226 SH SOLE 1 14226 0 0 TARGET CORP COM 87612E106 1600 25176 SH SOLE 1 25176 0 0 TEKELEC COM 879101103 596 49278 SH SOLE 1 49278 0 0 TEKTRONIX INC COM 879131100 727 26200 SH SOLE 1 26200 0 0 TELEFONOS DE MEXICO S A B SPON ADR ORD L 879403780 327 9955 SH SOLE 1 9955 0 0 TELLABS INC COM 879664100 1113 116900 SH SOLE 1 116900 0 0 TENET HEALTHCARE CORP COM 88033G100 5586 1662549 SH SOLE 1 1662549 0 0 TERADYNE INC COM 880770102 848 61419 SH SOLE 1 61419 0 0 TESORO CORP COM 881609101 400 8700 SH SOLE 1 8700 0 0 TEXAS INSTRS INC COM 882508104 289 7900 SH SOLE 1 7900 0 0 THORNBURG MTG INC COM 885218107 324 25183 SH SOLE 1 25183 0 0 THQ INC COM NEW 872443403 282 11300 SH SOLE 1 11300 0 0 TIBCO SOFTWARE INC COM 88632Q103 143 19356 SH SOLE 1 19356 0 0 TIDEWATER INC COM 886423102 214 3400 SH SOLE 1 3400 0 0 TIMBERLAND CO CL A 887100105 236 12422 SH SOLE 1 12422 0 0 TJX COS INC NEW COM 872540109 1678 57720 SH SOLE 1 57720 0 0 TOLL BROTHERS INC COM 889478103 288 14400 SH SOLE 1 14400 0 0 TRAVELERS COMPANIES INC COM 89417E109 409 8132 SH SOLE 1 8132 0 0 TRIBUNE CO NEW COM 896047107 343 12560 SH SOLE 1 12560 0 0 TXU CORP COM 873168108 418 6100 SH SOLE 1 6100 0 0 TYCO INTL LTD BERMUDA SHS G9143X208 1075 24250 SH SOLE 1 24250 0 0 TYSON FOODS INC CL A 902494103 261 14600 SH SOLE 1 14600 0 0 U S G CORP COM NEW 903293405 277 7372 SH SOLE 1 7372 0 0 UNION PAC CORP COM 907818108 633 5595 SH SOLE 1 5595 0 0 UNISYS CORP COM 909214108 714 107911 SH SOLE 1 107911 0 0 UNITEDHEALTH GROUP INC COM 91324P102 7526 155400 SH SOLE 1 155400 0 0 UTSTARCOM INC COM 918076100 164 44800 SH SOLE 1 44800 0 0 VALEANT PHARMACEUTICALS INTL COM 91911X104 183 11800 SH SOLE 1 11800 0 0 VARIAN SEMICONDUCTOR EQUIPMN COM 922207105 235 4400 SH SOLE 1 4400 0 0 VIACOM INC NEW CL B 92553P201 1187 30470 SH SOLE 1 30470 0 0 VISHAY INTERTECHNOLOGY INC COM 928298108 132 10157 SH SOLE 1 10157 0 0 VISTEON CORP COM 92839U107 360 69850 SH SOLE 1 69850 0 0 WACHOVIA CORP NEW COM 929903102 237 4722 SH SOLE 1 4722 0 0 WAL MART STORES INC COM 931142103 228 5214 SH SOLE 1 5214 0 0 WASHINGTON MUT INC COM 939322103 801 22688 SH SOLE 1 22688 0 0 WEBSENSE INC COM 947684106 199 10079 SH SOLE 1 10079 0 0 WELLS FARGO & CO NEW COM 949746101 3163 88800 SH SOLE 1 88800 0 0 WERNER ENTERPRISES INC COM 950755108 177 10300 SH SOLE 1 10300 0 0 WESTWOOD ONE INC COM 961815107 602 219000 SH SOLE 1 219000 0 0 WHIRLPOOL CORP COM 963320106 786 8818 SH SOLE 1 8818 0 0 WINNEBAGO INDS INC COM 974637100 256 10700 SH SOLE 1 10700 0 0 WYETH COM 983024100 476 10684 SH SOLE 1 10684 0 0 XILINX INC COM 983919101 444 17000 SH SOLE 1 17000 0 0 XM SATELLITE RADIO HLDGS INC CL A 983759101 193 13600 SH SOLE 1 13600 0 0 YRC WORLDWIDE INC COM 984249102 264 9669 SH SOLE 1 9669 0 0