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
3M CO COM 88579Y101 14,207 118,978 SH   SOLE   118,978 0 0
ACE LTD SHS H0023R105 32,237 344,564 SH   SOLE   344,564 0 0
AFLAC INC COM 001055102 53,499 863,026 SH   SOLE   863,026 0 0
AMEREN CORP COM 023608102 10,539 302,494 SH   SOLE   302,494 0 0
AMERICAN ELEC PWR INC COM 025537101 16,755 386,500 SH   SOLE   386,500 0 0
ASTRAZENECA PLC SPONSORED ADR 046353108 7,411 142,712 SH   SOLE   142,712 0 0
AT&T INC COM 00206R102 16,056 474,736 SH   SOLE   474,736 0 0
AXIS CAPITAL HOLDINGS LTD SHS G0692U109 39,373 909,093 SH   SOLE   909,093 0 0
BARCLAYS PLC ADR 06738E204 5,430 318,642 SH   SOLE   318,642 0 0
BOEING CO COM 097023105 160,615 1,366,939 SH   SOLE   1,366,939 0 0
BP PLC SPONSORED ADR 055622104 3,556 84,600 SH   SOLE   84,600 0 0
CHECK POINT SOFTWARE TECH LT ORD M22465104 6,200 109,625 SH   SOLE   109,625 0 0
CISCO SYS INC COM 17275R102 70,207 2,996,337 SH   SOLE   2,996,337 0 0
CITIGROUP INC COM NEW 172967424 45,225 932,276 SH   SOLE   932,276 0 0
CONOCOPHILLIPS COM 20825C104 35,895 516,397 SH   SOLE   516,397 0 0
CREDIT SUISSE GROUP SPONSORED ADR 225401108 10,736 351,415 SH   SOLE   351,415 0 0
CVS CAREMARK CORPORATION COM 126650100 3,251 57,280 SH   SOLE   57,280 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 107,191 4,543,929 SH   SOLE   4,543,929 0 0
DEUTSCHE BANK AG NAMEN AKT D18190898 15,299 333,463 SH   SOLE   333,463 0 0
DOVER CORP COM 260003108 28,089 312,696 SH   SOLE   312,696 0 0
DOW CHEM CO COM 260543103 12,085 314,705 SH   SOLE   314,705 0 0
DR PEPPER SNAPPLE GROUP INC COM 26138E109 9,630 214,858 SH   SOLE   214,858 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 13,788 235,449 SH   SOLE   235,449 0 0
DUKE ENERGY CORP NEW COM NEW 26441C204 36,412 545,255 SH   SOLE   545,255 0 0
EASTMAN CHEM CO COM 277432100 4,775 61,300 SH   SOLE   61,300 0 0
EATON CORP PLC SHS G29183103 8,024 116,566 SH   SOLE   116,566 0 0
EMBRAER S A SP ADR REP 4 COM 29082A107 15,916 490,178 SH   SOLE   490,178 0 0
EMERSON ELEC CO COM 291011104 22,149 342,328 SH   SOLE   342,328 0 0
EXELIS INC COM 30162A108 1,326 84,400 SH   SOLE   84,400 0 0
EXXON MOBIL CORP COM 30231G102 1,232 14,320 SH   SOLE   14,320 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 32,892 1,949,755 SH   SOLE   1,949,755 0 0
GENERAL ELECTRIC CO COM 369604103 11,707 490,046 SH   SOLE   490,046 0 0
GENERAL MTRS CO COM 37045V100 34,341 954,716 SH   SOLE   954,716 0 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 13,606 271,200 SH   SOLE   271,200 0 0
HALLIBURTON CO COM 406216101 16,467 341,989 SH   SOLE   341,989 0 0
HONEYWELL INTL INC COM 438516106 10,297 124,005 SH   SOLE   124,005 0 0
HSBC HLDGS PLC SPON ADR NEW 404280406 12,937 238,419 SH   SOLE   238,419 0 0
ING GROEP N V SPONSORED ADR 456837103 216 19,022 SH   SOLE   19,022 0 0
JOHNSON & JOHNSON COM 478160104 11,277 130,082 SH   SOLE   130,082 0 0
KKR & CO L P DEL COM UNITS 48248M102 980 47,600 SH   SOLE   47,600 0 0
LABORATORY CORP AMER HLDGS COM NEW 50540R409 12,449 125,567 SH   SOLE   125,567 0 0
LAZARD LTD SHS A G54050102 1,509 41,900 SH   SOLE   41,900 0 0
LINCOLN NATL CORP IND COM 534187109 43,878 1,044,974 SH   SOLE   1,044,974 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 2,490 34,000 SH   SOLE   34,000 0 0
MCDERMOTT INTL INC COM 580037109 730 98,200 SH   SOLE   98,200 0 0
METLIFE INC COM 59156R108 21,165 450,801 SH   SOLE   450,801 0 0
MICRON TECHNOLOGY INC COM 595112103 74,886 4,286,800 SH   SOLE   4,286,800 0 0
NETFLIX INC COM 64110L106 20,168 65,224 SH   SOLE   65,224 0 0
PARTNERRE LTD COM G6852T105 26,238 286,625 SH   SOLE   286,625 0 0
PILGRIMS PRIDE CORP NEW COM 72147K108 943 56,200 SH   SOLE   56,200 0 0
PPL CORP COM 69351T106 14,717 484,440 SH   SOLE   484,440 0 0
QUALCOMM INC COM 747525103 50,393 748,554 SH   SOLE   748,554 0 0
QUEST DIAGNOSTICS INC COM 74834L100 8,310 134,480 SH   SOLE   134,480 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 58,863 896,203 SH   SOLE   896,203 0 0
RPC INC COM 749660106 773 49,972 SH   SOLE   49,972 0 0
SANDISK CORP COM 80004C101 33,078 555,846 SH   SOLE   555,846 0 0
SIRIUS XM RADIO INC COM 82967N108 4,920 1,269,689 SH   SOLE   1,269,689 0 0
SMITHFIELD FOODS INC COM 832248108 1,411 41,500 SH   SOLE   41,500 0 0
SPIRIT AEROSYSTEMS HLDGS INC COM CL A 848574109 748 30,853 SH   SOLE   30,853 0 0
SOUTHERN CO COM 842587107 11,979 290,894 SH   SOLE   290,894 0 0
TELEDYNE TECHNOLOGIES INC COM 879360105 1,911 22,500 SH   SOLE   22,500 0 0
TOTAL S A SPONSORED ADR 89151E109 98,125 1,694,152 SH   SOLE   1,694,152 0 0
TRANSOCEAN LTD REG SHS H8817H100 2,553 57,378 SH   SOLE   57,378 0 0
TYSON FOODS INC CL A 902494103 38,408 1,358,117 SH   SOLE   1,358,117 0 0
U S AIRWAYS GROUP INC COM 90341W108 33,648 1,774,700 SH   SOLE   1,774,700 0 0
UNUM GROUP COM 91529Y106 41,684 1,369,381 SH   SOLE   1,369,381 0 0
WALGREEN CO COM 931422109 4,748 88,259 SH   SOLE   88,259 0 0
YAHOO INC COM 984332106 21,561 650,000 SH   SOLE   650,000 0 0
YELP INC CL A 985817105 1,396 21,100 SH   SOLE   21,100 0 0