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 COM 020002101 23,813 408,881 SH   SOLE   408,881 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 8,013 206,365 SH   SOLE   206,365 0 0
AMERICAN ELEC PWR INC COM 025537101 24,485 430,635 SH   SOLE   430,635 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 99,145 1,744,912 SH   SOLE   1,744,912 0 0
ANTHEM INC COM 036752103 92,656 661,833 SH   SOLE   661,833 0 0
AT&T INC COM 00206R102 149,664 4,593,763 SH   SOLE   4,593,763 0 0
AVALONBAY CMNTYS INC COM 053484101 8,972 51,326 SH   SOLE   51,326 0 0
BANK AMER CORP COM 060505104 162,430 10,425,606 SH   SOLE   10,425,606 0 0
BP PLC SPONSORED ADR 055622104 5,198 170,101 SH   SOLE   170,101 0 0
CAPITAL ONE FINL CORP COM 14040H105 73,022 1,006,930 SH   SOLE   1,006,930 0 0
CIGNA CORPORATION COM 125509109 51,588 382,079 SH   SOLE   382,079 0 0
CISCO SYS INC COM 17275R102 104,834 3,993,685 SH   SOLE   3,993,685 0 0
CITIGROUP INC COM NEW 172967424 151,383 3,051,468 SH   SOLE   3,051,468 0 0
COMCAST CORP NEW CL A 20030N101 8,557 150,443 SH   SOLE   150,443 0 0
CONSOLIDATED EDISON INC COM 209115104 55,270 826,782 SH   SOLE   826,782 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 199,730 4,451,325 SH   SOLE   4,451,325 0 0
DUKE ENERGY CORP NEW COM NEW 26441C204 37,080 515,434 SH   SOLE   515,434 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 7,202 95,886 SH   SOLE   95,886 0 0
ESSEX PPTY TR INC COM 297178105 8,465 37,892 SH   SOLE   37,892 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 38,002 218,708 SH   SOLE   218,708 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 40,187 877,826 SH   SOLE   877,826 0 0
INTERPUBLIC GROUP COS INC COM 460690100 388 20,300 SH   SOLE   20,300 0 0
KAR AUCTION SVCS INC COM 48238T109 809 22,800 SH   SOLE   22,800 0 0
LOCKHEED MARTIN CORP COM 539830109 40,165 193,745 SH   SOLE   193,745 0 0
PANDORA MEDIA INC COM 698354107 3,313 155,280 SH   SOLE   155,280 0 0
PFIZER INC COM 717081103 89,823 2,859,708 SH   SOLE   2,859,708 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 97,073 2,242,404 SH   SOLE   2,242,404 0 0
SOUTHERN CO COM 842587107 27,223 609,031 SH   SOLE   609,031 0 0
SOUTHWEST AIRLS CO COM 844741108 42,948 1,129,032 SH   SOLE   1,129,032 0 0
T MOBILE US INC COM 872590104 198,881 4,995,758 SH   SOLE   4,995,758 0 0
TOTAL S A SPONSORED ADR 89151E109 20,829 465,863 SH   SOLE   465,863 0 0
TRAVELERS COMPANIES INC COM 89417E109 31,383 315,308 SH   SOLE   315,308 0 0
TYSON FOODS INC CL A 902494103 159,198 3,693,697 SH   SOLE   3,693,697 0 0
UNITED CONTL HLDGS INC COM 910047109 849 16,000 SH   SOLE   16,000 0 0
VANGUARD INDEX FDS REIT ETF 922908553 44,955 595,124 SH   SOLE   595,124 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 132,215 3,038,747 SH   SOLE   3,038,747 0 0