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
ABBOTT LABS COM 002824100 439 11,407 SH   SOLE   11,407 0 0
ABBVIE INC COM 00287Y109 1,440 28,020 SH   SOLE   28,020 0 0
ABM INDS INC COM 000957100 299 10,414 SH   SOLE   10,414 0 0
ACADIA REALTY TRUST COM 004239109 5,923 224,545 SH   SOLE   224,545 0 0
ACCURAY INC COM 004397105 7,344 765,030 SH   SOLE   765,030 0 0
ACE LTD ORD COM H0023R105 4,193 42,324 SH   SOLE   42,324 0 0
ACETO CORP COM 004446100 4,505 224,251 SH   SOLE   224,251 0 0
AES CORP COM 00130H105 9,113 638,142 SH   SOLE   638,142 0 0
ALEXANDRIA REAL ESTATE COM 015271109 266 3,663 SH   SOLE   3,663 0 0
AMERCO COM 023586100 6,734 29,013 SH   SOLE   29,013 0 0
AMERICAN AXLE & MFG COM 024061103 4,768 257,437 SH   SOLE   257,437 0 0
AMERICAN CAMPUS CMNTYS COM 024835100 7,665 205,232 SH   SOLE   205,232 0 0
AMERICAN EQTY INVT LFE COM 025676206 5,784 244,890 SH   SOLE   244,890 0 0
AMERICAN INTL GROUP COM 026874784 10,214 204,246 SH   SOLE   204,246 0 0
AMERICAN TOWER CORP COM 03027X100 6,934 84,701 SH   SOLE   84,701 0 0
AMERIS BANCORP COM 03076K108 5,863 251,627 SH   SOLE   251,627 0 0
AMGEN INC COM 031162100 550 4,463 SH   SOLE   4,463 0 0
AOL INC COM 00184X105 12,362 282,430 SH   SOLE   282,430 0 0
APACHE CORP COM 037411105 381 4,588 SH   SOLE   4,588 0 0
APPLE COMPUTER INC COM 037833100 6,220 11,589 SH   SOLE   11,589 0 0
AQUA AMERICA INC COM 03836W103 4,967 198,130 SH   SOLE   198,130 0 0
ARGONAUT GROUP INC COM G0464B107 2,600 56,637 SH   SOLE   56,637 0 0
ASHLAND INC COM 044209104 2,729 27,432 SH   SOLE   27,432 0 0
AT&T INC COM 00206R102 1,092 31,148 SH   SOLE   31,148 0 0
ATMEL CORP COM 049513104 6,577 786,782 SH   SOLE   786,782 0 0
AVALONBAY COMMUNITIES COM 053484101 1,599 12,175 SH   SOLE   12,175 0 0
AVIS BUDGET GROUP COM 053774105 6,920 142,101 SH   SOLE   142,101 0 0
AVIV REIT, INC. COM 05381L101 293 11,968 SH   SOLE   11,968 0 0
BAKER HUGHES INC COM 057224107 5,156 79,301 SH   SOLE   79,301 0 0
BANK OF AMERICA CORP COM 060505104 14,566 846,838 SH   SOLE   846,838 0 0
BANK OF MARIN BANCORP COM 063425102 568 12,601 SH   SOLE   12,601 0 0
BANNER CORP COM 06652V208 7,009 170,090 SH   SOLE   170,090 0 0
BAXTER INTL INC COM 071813109 5,297 71,994 SH   SOLE   71,994 0 0
BED BATH & BEYOND INC COM 075896100 4,551 66,150 SH   SOLE   66,150 0 0
BERKSHIRE HATHAWAY CLASS B COM 084670702 251 2,008 SH   SOLE   2,008 0 0
BLACK HILLS CORP COM 092113109 5,332 92,483 SH   SOLE   92,483 0 0
BOSTON PROPERTIES INC COM 101121101 1,439 12,567 SH   SOLE   12,567 0 0
BRE PROPERTIES INC CL A COM 05564E106 370 5,897 SH   SOLE   5,897 0 0
CABOT CORP COM 127055101 3,217 54,472 SH   SOLE   54,472 0 0
CAPITAL BANK FINANCIAL CORP COM 139794101 2,812 111,985 SH   SOLE   111,985 0 0
CARRIZO OIL & GAS COM 144577103 7,205 134,779 SH   SOLE   134,779 0 0
CBIZ INC COM 124805102 2,656 289,909 SH   SOLE   289,909 0 0
CENTURYLINK COM 156700106 5,676 172,852 SH   SOLE   172,852 0 0
CHEMBIO DIAGNOSTICS COM 163572209 73 21,200 SH   SOLE   21,200 0 0
CHESAPEAKE ENERGY CORP COM 165167107 4,558 177,909 SH   SOLE   177,909 0 0
CHESAPEAKE UTILITIES CORP. COM 165303108 4,141 65,559 SH   SOLE   65,559 0 0
CHEVRON CORP NEW COM 166764100 8,002 67,297 SH   SOLE   67,297 0 0
CIGNA CORP COM 125509109 7,949 94,937 SH   SOLE   94,937 0 0
CITIGROUP INC COM 172967424 11,400 239,497 SH   SOLE   239,497 0 0
CNO FINANCIAL INC COM 12621E103 11,129 614,887 SH   SOLE   614,887 0 0
COCA COLA ENTERPRISES INC NEW COM 19122T109 441 9,242 SH   SOLE   9,242 0 0
COLGATE PALMOLIVE CO COM 194162103 497 7,660 SH   SOLE   7,660 0 0
COMSTOCK RES INC COM NEW COM 205768203 6,956 304,427 SH   SOLE   304,427 0 0
CONOCOPHILLIPS COM 20825C104 6,483 92,157 SH   SOLE   92,157 0 0
CORESITE REALTY CORP COM 21870Q105 5,503 177,510 SH   SOLE   177,510 0 0
CRACKER BARREL OLD COUNTRY STORE COM 22410J106 3,105 31,927 SH   SOLE   31,927 0 0
CROWN HOLDINGS INC COM 228368106 4,572 102,187 SH   SOLE   102,187 0 0
CUBIST PHARMACEUTICALS COM 229678107 326 4,452 SH   SOLE   4,452 0 0
CVS CORP COM 126650100 12,567 167,869 SH   SOLE   167,869 0 0
DANA HOLDING CORP COM 235825205 6,580 282,776 SH   SOLE   282,776 0 0
DARLING INTL INC COM 237266101 8,629 431,013 SH   SOLE   431,013 0 0
DECKERS OUTDOOR CORP COM 243537107 5,812 72,899 SH   SOLE   72,899 0 0
DESTINATION MATERNITY CORP COM 25065D100 2,229 81,345 SH   SOLE   81,345 0 0
DILLARDS INC CL A COM 254067101 4,893 52,959 SH   SOLE   52,959 0 0
DOMINION RES VA NEW COM 25746U109 303 4,271 SH   SOLE   4,271 0 0
DOMTAR CORP. COM 257559203 6,333 56,437 SH   SOLE   56,437 0 0
DOVER CORP COM 260003108 6,216 76,041 SH   SOLE   76,041 0 0
DU PONT E I DE NEMOURS COM 263534109 938 13,981 SH   SOLE   13,981 0 0
DUKE ENERGY CORP COM 26441C204 530 7,445 SH   SOLE   7,445 0 0
E M C CORP MASS COM 268648102 8,017 292,477 SH   SOLE   292,477 0 0
E.W. SCRIPPS COM 811054402 2,297 129,623 SH   SOLE   129,623 0 0
EATON CORP SHS G29183103 9,290 123,664 PRN   SOLE   123,664 0 0
EBAY INC COM 278642103 3,939 71,309 SH   SOLE   71,309 0 0
EMCOR GROUP INC COM 29084Q100 831 17,754 SH   SOLE   17,754 0 0
EMERSON ELEC CO COM 291011104 427 6,392 SH   SOLE   6,392 0 0
EMPIRE DIST ELEC CO COM 291641108 2,111 86,814 SH   SOLE   86,814 0 0
ENCANA CORP COM 292505104 6,145 287,397 SH   SOLE   287,397 0 0
ENDURANCE SPECIALTY HOLDINGS LTD. SHS G30397106 3,374 62,688 PRN   SOLE   62,688 0 0
ENTERPRISE PRODUCTS PARTNERS COM 293792107 445 6,423 SH   SOLE   6,423 0 0
EQUITY LIFESTYLE PPTYS COM 29472R108 532 13,080 SH   SOLE   13,080 0 0
ESSEX PROPERTY TRUST COM 297178105 372 2,186 SH   SOLE   2,186 0 0
ESTERLINE TECHNOLOGIES COM 297425100 5,685 53,357 SH   SOLE   53,357 0 0
EURONET WORLDWIDE INC COM 298736109 6,240 150,043 SH   SOLE   150,043 0 0
EXTRA SPACE STORAGE COM 30225T102 1,001 20,626 SH   SOLE   20,626 0 0
EXXON MOBIL CORP COM 30231G102 10,411 106,587 SH   SOLE   106,587 0 0
FEDERAL REALTY INVT TR COM 313747206 224 1,955 SH   SOLE   1,955 0 0
FIRST INDUSTRIAL RLTY COM 32054K103 8,030 415,650 SH   SOLE   415,650 0 0
FIRST POTOMAC RLTY TR COM 33610F109 8,210 635,415 SH   SOLE   635,415 0 0
FIRST REP BK SAN COM 33616C100 9,126 169,038 SH   SOLE   169,038 0 0
FIRST SECURITY GROUP INC. COM 336312202 141 67,700 SH   SOLE   67,700 0 0
GENERAL ELEC CO COM 369604103 8,871 342,641 SH   SOLE   342,641 0 0
GENERAL GROWTH PPTYS COM 370023103 538 24,468 SH   SOLE   24,468 0 0
GENERAL MTRS CORP COM 37045V100 7,233 210,149 SH   SOLE   210,149 0 0
GOLDMAN SACHS GROUP COM 38141G104 6,250 38,143 SH   SOLE   38,143 0 0
GOODRICH PETROLEUM CORP COM 382410405 4,752 300,400 SH   SOLE   300,400 0 0
GRACO INC COM 384109104 328 4,383 SH   SOLE   4,383 0 0
GUGGENHEIM SPIN-OFF COM 18383M605 1,318 29,061 SH   SOLE   29,061 0 0
HANGER INC. COM 41043F208 701 20,815 SH   SOLE   20,815 0 0
HARMAN INTL INDS INC COM 413086109 423 3,973 SH   SOLE   3,973 0 0
HARTFORD FINL SVCS COM 416515104 10,502 297,769 SH   SOLE   297,769 0 0
HERITAGE COMMERCE CORP COM 426927109 3,697 458,670 SH   SOLE   458,670 0 0
HERTZ GLOBAL HOLDINGS, INC. COM 42805T105 9,346 350,828 SH   SOLE   350,828 0 0
HUDSON PACIFIC PROPERTIES, INC. COM 444097109 8,441 365,892 SH   SOLE   365,892 0 0
HUNTSMAN CORP COM 447011107 4,628 189,501 SH   SOLE   189,501 0 0
IBERIABANK CORP COM 450828108 4,074 58,072 SH   SOLE   58,072 0 0
ICG GROUP, INC COM 44928D108 11,365 556,586 SH   SOLE   556,586 0 0
IDACORP INC COM 451107106 2,696 48,602 SH   SOLE   48,602 0 0
INTEL CORP COM 458140100 384 14,864 SH   SOLE   14,864 0 0
INTERNAP NETWORK SERVICES CORP COM 45885A300 1,193 168,480 SH   SOLE   168,480 0 0
INTERNATIONAL BNCSHRS COM 459044103 4,898 195,288 SH   SOLE   195,288 0 0
INTERNATIONAL BUS MACH COM 459200101 296 1,537 SH   SOLE   1,537 0 0
ISHARES S&P U.S. PREFERRED STOCK INDEX F NOTE 464288687 4,904 125,647 SH   SOLE   125,647 0 0
ISHARES TR DJ US REAL EST COM 464287739 933 13,794 SH   SOLE   13,794 0 0
JOHNSON & JOHNSON COM 478160104 7,556 76,923 SH   SOLE   76,923 0 0
JPMORGAN CHASE & CO COM 46625H100 13,527 222,820 SH   SOLE   222,820 0 0
KADANT INC COM 48282T104 2,538 69,583 SH   SOLE   69,583 0 0
KAISER ALUMINUM CORP COM 483007704 4,041 56,575 SH   SOLE   56,575 0 0
KEYCORP COM 493267108 9,692 680,584 SH   SOLE   680,584 0 0
KILROY REALTY CORP COM 49427F108 6,985 119,234 SH   SOLE   119,234 0 0
KIMCO REALTY CORP COM 49446R109 487 22,261 SH   SOLE   22,261 0 0
KNOWLES CORP COM 49926D109 8,058 255,253 SH   SOLE   255,253 0 0
KODIAK OIL & GAS COM 50015Q100 5,858 482,527 SH   SOLE   482,527 0 0
LACLEDE GROUP INC COM 505597104 2,546 53,988 SH   SOLE   53,988 0 0
MACERICH CO COM 554382101 399 6,405 SH   SOLE   6,405 0 0
MAGELLAN MIDSTREAM COM 559080106 594 8,515 SH   SOLE   8,515 0 0
MARATHON OIL CORP COM 565849106 8,493 239,114 SH   SOLE   239,114 0 0
MEASUREMENT SPECIALTIES COM 583421102 3,239 47,740 SH   SOLE   47,740 0 0
MEDTRONIC INC COM 585055106 5,403 87,802 SH   SOLE   87,802 0 0
MERCK & CO INC COM 58933Y105 10,647 187,545 SH   SOLE   187,545 0 0
MEREDITH CORP COM 589433101 2,806 60,426 SH   SOLE   60,426 0 0
MERITAGE HOMES CORP COM 59001A102 2,468 58,935 SH   SOLE   58,935 0 0
METHODE ELECTRS INC COM 591520200 2,529 82,481 SH   SOLE   82,481 0 0
METLIFE INC COM 59156R108 9,111 172,558 SH   SOLE   172,558 0 0
MICROSEMI CORP COM 595137100 2,615 104,491 SH   SOLE   104,491 0 0
MYR GROUP INC COM 55405W104 3,144 124,187 SH   SOLE   124,187 0 0
NATL PENN BANCSHARES COM 637138108 3,930 376,039 SH   SOLE   376,039 0 0
NCR CORP NEW COM 62886E108 12,179 333,213 SH   SOLE   333,213 0 0
NELNET INC CL A COM 64031N108 3,477 85,013 SH   SOLE   85,013 0 0
NEUSTAR INC. COM 64126X201 2,882 88,636 SH   SOLE   88,636 0 0
NEWBRIDGE BANCORP COM 65080T102 4,700 658,237 SH   SOLE   658,237 0 0
NEWELL RUBBERMAID INC COM 651229106 7,332 245,226 SH   SOLE   245,226 0 0
NOBLE ENRGY INC COM 655044105 4,947 69,638 SH   SOLE   69,638 0 0
NORDSTROM INC COM 655664100 387 6,192 SH   SOLE   6,192 0 0
NORTHSTAR RLTY FIN CP COM 66704R100 7,248 449,083 SH   SOLE   449,083 0 0
NORWEGIAN CRUISE LINE HOLDINGS LTD. SHS G66721104 5,620 174,156 PRN   SOLE   174,156 0 0
NOVARTIS AG COM 66987V109 7,613 89,542 SH   SOLE   89,542 0 0
OCEANFIRST FINL CORP COM 675234108 2,551 144,230 SH   SOLE   144,230 0 0
PARK-OHIO HOLDINGS CORP COM 700666100 6,539 116,450 SH   SOLE   116,450 0 0
PDC ENERGY COM 69327R101 3,470 55,737 SH   SOLE   55,737 0 0
PEBBLEBROOK HOTEL COM 70509V100 7,714 228,442 SH   SOLE   228,442 0 0
PEPSICO INC COM 713448108 1,317 15,777 SH   SOLE   15,777 0 0
PFIZER INC COM 717081103 8,922 277,786 SH   SOLE   277,786 0 0
PHILIP MORRIS INTERNATIONAL INC COM 718172109 230 2,804 SH   SOLE   2,804 0 0
PHILLIPS VAN HEUSEN CP COM 693656100 3,409 27,326 SH   SOLE   27,326 0 0
PNM RES INC COM 69349H107 2,227 82,399 SH   SOLE   82,399 0 0
POLYONE CORP COM 73179P106 386 10,520 SH   SOLE   10,520 0 0
PORTLAND GENERAL COM 736508847 8,209 253,829 SH   SOLE   253,829 0 0
POST HOLDINGS INC COM 737446104 4,038 73,266 SH   SOLE   73,266 0 0
POWERSHARES COMMODITY INDEX TRACKING FUN COM 73935S105 257 9,856 SH   SOLE   9,856 0 0
PROCTER & GAMBLE CO COM 742718109 7,008 86,942 SH   SOLE   86,942 0 0
PROGENICS PHARMA INC COM 743187106 3,295 805,595 SH   SOLE   805,595 0 0
PROGRESS SOFTWARE CORP COM 743312100 3,292 150,998 SH   SOLE   150,998 0 0
PROLOGIS COM 74340W103 748 18,323 SH   SOLE   18,323 0 0
PROTECTIVE LIFE CORP COM 743674103 6,806 129,408 SH   SOLE   129,408 0 0
PS BUSINESS PKS INC CA COM 69360J107 4,469 53,441 SH   SOLE   53,441 0 0
PUBLIC STORAGE INC COM 74460D109 750 4,450 SH   SOLE   4,450 0 0
REALTY INCOME CORP COM 756109104 389 9,525 SH   SOLE   9,525 0 0
REGAL BELOIT CORP COM 758750103 11,257 154,820 SH   SOLE   154,820 0 0
REX ENERGY COM 761565100 5,006 267,551 SH   SOLE   267,551 0 0
ROCKVILLE FINANCIAL, INC. COM 774188106 2,683 197,441 SH   SOLE   197,441 0 0
ROSETTA RESOURCES INC COM 777779307 4,885 104,865 SH   SOLE   104,865 0 0
ROVI CORP. COM 779376102 2,620 115,025 SH   SOLE   115,025 0 0
SABA SOFTWARE COM 784932600 4,085 336,251 SH   SOLE   336,251 0 0
SABRA HEALTH CARE REIT COM 78573L106 7,192 257,860 SH   SOLE   257,860 0 0
SCHLUMBERGER LTD COM 806857108 389 3,985 SH   SOLE   3,985 0 0
SCHWAB LARGE CAP ETF COM 808524201 2,794 62,488 SH   SOLE   62,488 0 0
SCHWAB US REIT ETF COM 808524847 383 11,572 SH   SOLE   11,572 0 0
SCIENTIFIC GAMES CORP CL A COM 80874P109 7,505 546,639 SH   SOLE   546,639 0 0
SEACHANGE INTL INC COM 811699107 2,671 255,851 SH   SOLE   255,851 0 0
SENSIENT TECH CORP COM 81725T100 7,074 125,408 SH   SOLE   125,408 0 0
SILICON VY BANCSHARES COM 78486Q101 10,715 83,203 SH   SOLE   83,203 0 0
SIMON PROPERTY GROUP COM 828806109 3,327 20,284 SH   SOLE   20,284 0 0
SKYWORKS SOLUTIONS INC COM 83088M102 17,569 468,251 SH   SOLE   468,251 0 0
SL GREEN REALTY COM 78440X101 791 7,857 SH   SOLE   7,857 0 0
SMUCKER J M CO COM NEW COM 832696405 281 2,892 SH   SOLE   2,892 0 0
SOUTHWEST AIRLS CO COM 844741108 500 21,193 SH   SOLE   21,193 0 0
SPDR DOW JONES WILSHIRE INTERNATIONAL COM 78463X863 226 5,484 SH   SOLE   5,484 0 0
SPDR S&P DEPOSITORY RECEIPTS COM 78462F103 1,063 5,684 SH   SOLE   5,684 0 0
SPIRIT AIRLINES COM 848577102 10,949 184,320 SH   SOLE   184,320 0 0
STANLEY BLACK & DECKER COM 854502101 7,061 86,913 SH   SOLE   86,913 0 0
STATE BANK & TRUST COM 856190103 5,322 300,853 SH   SOLE   300,853 0 0
STERLING FINL CORP WA COM 859319303 2,378 71,344 SH   SOLE   71,344 0 0
STRATEGIC HOTELS & RESORTS COM 86272T106 6,345 622,670 SH   SOLE   622,670 0 0
STRYKER CORP COM 863667101 7,944 97,504 SH   SOLE   97,504 0 0
SUN COMMUNITIES INC COM 866674104 266 5,906 SH   SOLE   5,906 0 0
SYNNEX CORP COM 87162W100 4,927 81,294 SH   SOLE   81,294 0 0
SYNOVUS FINL CORP COM 87161C105 12,607 3,718,929 SH   SOLE   3,718,929 0 0
TIMKEN CO COM 887389104 4,386 74,625 SH   SOLE   74,625 0 0
TIVO INC COM 888706108 746 56,379 SH   SOLE   56,379 0 0
TREEHOUSE FOODS INC COM 89469A104 2,464 34,221 SH   SOLE   34,221 0 0
TRINITY INDS INC COM 896522109 7,504 104,124 SH   SOLE   104,124 0 0
TRIUMPH GROUP INC NEW COM 896818101 2,247 34,792 SH   SOLE   34,792 0 0
UNIFIRST CORP MASS COM 904708104 6,720 61,126 SH   SOLE   61,126 0 0
UNILEVER NV COM 904784709 432 10,500 SH   SOLE   10,500 0 0
UNION PAC CORP COM 907818108 340 1,814 SH   SOLE   1,814 0 0
UNITED CMNTY BKS GA CAP STK COM 90984P303 7,637 393,454 SH   SOLE   393,454 0 0
UNITED CONTINENTAL HOLDINGS, INC. COM 910047109 6,288 140,890 SH   SOLE   140,890 0 0
UNITED THERAPEUTIC DEL COM 91307C102 6,221 66,165 SH   SOLE   66,165 0 0
USANA HEALTH SCIENCES COM 90328M107 4,377 58,093 SH   SOLE   58,093 0 0
VALERO ENERGY CORP NEW COM 91913Y100 6,231 117,348 SH   SOLE   117,348 0 0
VENTAS INC COM 92276F100 1,113 18,382 SH   SOLE   18,382 0 0
VERINT SYS INC COM 92343X100 6,080 129,558 SH   SOLE   129,558 0 0
VERIZON COMMUNICATIONS COM 92343V104 7,224 151,870 SH   SOLE   151,870 0 0
VORNADO REALTY TRUST COM 929042109 7,697 78,099 SH   SOLE   78,099 0 0
WALT DISNEY CO COM 254687106 5,681 70,954 SH   SOLE   70,954 0 0
WASHINGTON BANKING CORP COM 937303105 5,123 288,129 SH   SOLE   288,129 0 0
WELLCARE HEALTH PLANS INC COM 94946T106 4,836 76,134 SH   SOLE   76,134 0 0
WELLS FARGO & CO COM 949746101 486 9,765 SH   SOLE   9,765 0 0
WESCO INTL INC COM 95082P105 9,772 117,429 SH   SOLE   117,429 0 0
WESTLAKE CHEMICAL COM 960413102 4,215 63,688 SH   SOLE   63,688 0 0
WEYERHAEUSER INC COM 962166104 3,848 131,095 SH   SOLE   131,095 0 0
WHITING PETE CORP NEW COM 966387102 7,511 108,242 SH   SOLE   108,242 0 0
WILSHIRE BANCORP INC COM 97186T108 5,624 506,708 SH   SOLE   506,708 0 0
WINTRUST FINL CORP COM 97650W108 6,135 126,078 SH   SOLE   126,078 0 0