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
ACUITY BRANDS INC COM 00508Y102 855 11,320 SH   DFND 1,2,3 11,320 0 0
AETNA INC NEW COM 00817Y108 18,314 288,227 SH   DFND 1,2,3 288,227 0 0
ALCOA INC COM 013817101 24,061 3,076,824 SH   DFND 1,2,3 3,076,824 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 26,579 594,611 SH   DFND 1,2,3 594,611 0 0
APPLIED MATLS INC COM 038222105 19,496 1,306,720 SH   DFND 1,2,3 1,306,720 0 0
ARMSTRONG WORLD INDS INC NEW COM 04247X102 3,848 80,510 SH   DFND 1,2,3 80,510 0 0
ASSURED GUARANTY LTD COM G0585R106 35,898 1,627,278 SH   DFND 1,2,3 1,627,278 0 0
BANK OF AMERICA CORPORATION COM 060505104 22,156 1,722,833 SH   DFND 1,2,3 1,722,833 0 0
BOISE CASCADE CO DEL COM 09739D100 11,578 455,652 SH   DFND 1,2,3 455,652 0 0
BOSTON SCIENTIFIC CORP COM 101137107 30,958 3,339,591 SH   DFND 1,2,3 3,339,591 0 0
BP PLC SPONSORED ADR 055622104 15,884 380,553 SH   DFND 1,2,3 380,553 0 0
BUFFALO WILD WINGS INC COM 119848109 10,168 103,500 SH   DFND 1,2,3 103,500 0 0
CABELAS INC COM 126804301 3,492 53,920 SH   DFND 1,2,3 53,920 0 0
CHIPOTLE MEXICAN GRILL INC COM 169656105 6,220 17,072 SH   DFND 1,2,3 17,072 0 0
CITIGROUP INC COM NEW 172967424 15,602 325,248 SH   DFND 1,2,3 325,248 0 0
CONCUR TECHNOLOGIES INC COM 206708109 7,584 93,187 SH   DFND 1,2,3 93,187 0 0
CORNING INC COM 219350105 23,285 1,636,357 SH   DFND 1,2,3 1,636,357 0 0
COSTAR GROUP INC COM 22160N109 6,110 47,338 SH   DFND 1,2,3 47,338 0 0
CYTEC INDS INC COM 232820100 6,141 83,837 SH   DFND 1,2,3 83,837 0 0
DELL INC COM 24702R101 21,632 1,623,406 SH   DFND 1,2,3 1,623,406 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 10,074 538,407 SH   DFND 1,2,3 538,407 0 0
DIGITAL RLTY TR INC COM 253868103 1,629 26,698 SH   DFND 1,2,3 26,698 0 0
DONNELLEY R R & SONS CO COM 257867101 37,043 2,644,013 SH   DFND 1,2,3 2,644,013 0 0
DOUGLAS EMMETT INC COM 25960P109 7,584 303,958 SH   DFND 1,2,3 303,958 0 0
EQUINIX INC COM NEW 29444U502 4,053 21,942 SH   DFND 1,2,3 21,942 0 0
FAIRCHILD SEMICONDUCTOR INTL COM 303726103 7,795 564,889 SH   DFND 1,2,3 564,889 0 0
FIRST AMERN FINL CORP COM 31847R102 6,713 304,600 SH   DFND 1,2,3 304,600 0 0
FLEXTRONICS INTL LTD ORD Y2573F102 12,073 1,559,792 SH   DFND 1,2,3 1,559,792 0 0
HEXCEL CORP NEW COM 428291108 5,639 165,606 SH   DFND 1,2,3 165,606 0 0
ICU MED INC COM 44930G107 8,001 111,028 SH   DFND 1,2,3 111,028 0 0
ILLINOIS TOOL WKS INC COM 452308109 6,051 87,473 SH   DFND 1,2,3 87,473 0 0
INTREPID POTASH INC COM 46121Y102 2,065 108,393 SH   DFND 1,2,3 108,393 0 0
ISHARES TR DJ HOME CONSTN 464288752 336 15,000 SH Put DFND 1,2,3 15,000 0 0
JABIL CIRCUIT INC COM 466313103 7,209 353,727 SH   DFND 1,2,3 353,727 0 0
JOHNSON CTLS INC COM 478366107 8,007 223,720 SH   DFND 1,2,3 223,720 0 0
KOHLS CORP COM 500255104 15,864 314,083 SH   DFND 1,2,3 314,083 0 0
LEAR CORP COM NEW 521865204 19,581 323,872 SH   DFND 1,2,3 323,872 0 0
LILLY ELI & CO COM 532457108 12,650 257,535 SH   DFND 1,2,3 257,535 0 0
LINDSAY CORP COM 535555106 11,917 158,934 SH   DFND 1,2,3 158,934 0 0
LOCKHEED MARTIN CORP COM 539830109 32,681 301,314 SH   DFND 1,2,3 301,314 0 0
LUMBER LIQUIDATORS HLDGS INC COM 55003T107 4,054 52,058 SH   DFND 1,2,3 52,058 0 0
MARRIOTT VACATIONS WRLDWDE C COM 57164Y107 4,212 97,400 SH   DFND 1,2,3 97,400 0 0
MARTIN MARIETTA MATLS INC COM 573284106 10,138 103,010 SH   DFND 1,2,3 103,010 0 0
MBIA INC COM 55262C100 45,355 3,407,581 SH   DFND 1,2,3 3,407,581 0 0
MCDERMOTT INTL INC COM 580037109 6,277 767,300 SH   DFND 1,2,3 767,300 0 0
MERCK & CO INC NEW COM 58933Y105 27,682 595,945 SH   DFND 1,2,3 595,945 0 0
NABORS INDUSTRIES LTD SHS G6359F103 14,045 917,398 SH   DFND 1,2,3 917,398 0 0
NAVISTAR INTL CORP NEW COM 63934E108 15,525 559,268 SH   DFND 1,2,3 559,268 0 0
NEWFIELD EXPL CO COM 651290108 17,005 711,788 SH   DFND 1,2,3 711,788 0 0
ON SEMICONDUCTOR CORP COM 682189105 13,054 1,615,642 SH   DFND 1,2,3 1,615,642 0 0
QUAD / GRAPHICS INC COM CL A 747301109 34,162 1,417,526 SH   DFND 1,2,3 1,417,526 0 0
RTI INTL METALS INC COM 74973W107 1,459 52,670 SH   DFND 1,2,3 52,670 0 0
SAFEWAY INC COM NEW 786514208 30,789 1,301,326 SH   DFND 1,2,3 1,301,326 0 0
SUPERVALU INC COM 868536103 6,595 1,060,294 SH   DFND 1,2,3 1,060,294 0 0
TECH DATA CORP COM 878237106 6,081 129,146 SH   DFND 1,2,3 129,146 0 0
TEXAS CAPITAL BANCSHARES INC COM 88224Q107 3,839 86,534 SH   DFND 1,2,3 86,534 0 0
THE ADT CORPORATION COM 00101J106 5,604 140,630 SH   DFND 1,2,3 140,630 0 0
TRANSDIGM GROUP INC COM 893641100 4,024 25,665 SH   DFND 1,2,3 25,665 0 0
U S G CORP COM NEW 903293405 8,719 378,258 SH   DFND 1,2,3 378,258 0 0
ULTA SALON COSMETCS & FRAG I COM 90384S303 10,012 100,000 SH   DFND 1,2,3 100,000 0 0
UNDER ARMOUR INC CL A 904311107 6,157 103,110 SH   DFND 1,2,3 103,110 0 0
UNITED CONTL HLDGS INC COM 910047109 5,769 184,357 SH   DFND 1,2,3 184,357 0 0
VULCAN MATLS CO COM 929160109 4,587 94,751 SH   DFND 1,2,3 94,751 0 0
WEATHERFORD INTERNATIONAL LT REG SHS H27013103 14,833 1,082,727 SH   DFND 1,2,3 1,082,727 0 0
WELLPOINT INC COM 94973V107 21,500 262,709 SH   DFND 1,2,3 262,709 0 0