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

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COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
ALCOA INCEquity0138171011,010102,296SH SOLE 102,29600
APPLE INCEquity0378331001,67015,865SH SOLE 15,86500
ALLERGAN PLCEquityG0177J1081,8715,988SH SOLE 5,98800
ARCHER-DANIELS-MIDLAND COEquity0394831022256,138SH SOLE 6,13800
AMERICAN ELECTRIC POWEREquity0255371016,338108,767SH SOLE 108,76700
AERCAP HOLDINGS NVEquityN009851061,87643,459SH SOLE 43,45900
AFLAC INCEquity0010551025118,529SH SOLE 8,52900
ALLSTATE CORPEquity0200021015148,272SH SOLE 8,27200
AMAZON.COM INCEquity0231351061,8972,806SH SOLE 2,80600
AMERICAN NATIONAL INSURANCEEquity0285911055125,004SH SOLE 5,00400
AMERICAN VANGUARD CORPEquity030371108755,361SH SOLE 5,36100
AVNET INCEquity05380710394121,966SH SOLE 21,96600
AMERICAN EXPRESS COEquity02581610979311,407SH SOLE 11,40700
BANK OF AMERICA CORPEquity0605051041,733102,965SH SOLE 102,96500
BAXTER INTERNATIONAL INCEquity07181310999225,995SH SOLE 25,99500
BB&T CORPEquity05493710780421,262SH SOLE 21,26200
BEST BUY CO INCEquity08651610199632,702SH SOLE 32,70200
BUNGE LTDEquityG1696210599214,530SH SOLE 14,53000
BANK OF NEW YORK MELLON CORPEquity0640581001,74442,304SH SOLE 42,30400
CITIGROUP INCEquity1729674243,50167,656SH SOLE 67,65600
CA INCEquity12673P10539713,903SH SOLE 13,90300
CARDINAL HEALTH INCEquity14149Y10896710,834SH SOLE 10,83400
CABOT CORPEquity12705510197023,724SH SOLE 23,72400
CHARTER COMMUNICATION-AEquity16117M3051,8159,912SH SOLE 9,91200
CF INDUSTRIES HOLDINGS INCEquity1252691001383,380SH SOLE 3,38000
CLOROX COMPANYEquity1890541094033,175SH SOLE 3,17500
COMERICA INCEquity20034010779619,040SH SOLE 19,04000
COMMERCIAL METALS COEquity20172310393768,466SH SOLE 68,46600
CUMMINS INCEquity23102110698311,169SH SOLE 11,16900
CENTERPOINT ENERGY INCEquity15189T10742222,991SH SOLE 22,99100
CAPITAL ONE FINANCIAL CORPEquity14040H10577310,710SH SOLE 10,71000
INGREDION INCORPORATEDEquity4571871021,08811,355SH SOLE 11,35500
CISCO SYSTEMS INCEquity17275R10238714,264SH SOLE 14,26400
CENTURYLINK INCEquity15670010695437,930SH SOLE 37,93000
CHEVRON CORPEquity1667641003984,423SH SOLE 4,42300
CORRECTIONS CORP OF AMERICAEquity22025Y4076,596249,010SH SOLE 249,01000
COMMUNITY HEALTH SYSTEMS INCEquity20366810891034,317SH SOLE 34,31700
DANA HOLDING CORPEquity23582520598671,444SH SOLE 71,44400
DARLING INTERNATIONAL INCEquity2372661011,065101,237SH SOLE 101,23700
DISCOVER FINANCIAL SERVICESEquity25470910880214,948SH SOLE 14,94800
QUEST DIAGNOSTICSEquity74834L10095513,425SH SOLE 13,42500
DELEK US HOLDINGS INCEquity24664710197239,525SH SOLE 39,52500
DOW CHEMICALEquity2605431032,18242,390SH SOLE 42,39000
DUKE ENERGY CORPEquity26441C2046,39489,569SH SOLE 89,56900
EBAY INCEquity2786421031,78064,764SH SOLE 64,76400
CONSOLIDATED EDISON INCEquity2091151043996,210SH SOLE 6,21000
EMERSON ELECTRIC COEquity2910111043757,839SH SOLE 7,83900
ENSCO PLC-CL AEquityG3157S1061,01866,147SH SOLE 66,14700
ENTERGY CORPEquity29364G1036,64697,221SH SOLE 97,22100
FORD MOTOR COEquity3453708607,253514,774SH SOLE 514,77400
FRESH DEL MONTE PRODUCE INCEquityG3673810593324,001SH SOLE 24,00100
FIFTH THIRD BANCORPEquity31677310079539,545SH SOLE 39,54500
FLUOR CORPEquity34341210297320,609SH SOLE 20,60900
FMC CORPEquity3024913031092,795SH SOLE 2,79500
GENERAL ELECTRIC COEquity36960410340012,834SH SOLE 12,83400
GEO GROUP INC/THEEquity36162J1062839,806SH SOLE 9,80600
CORNING INCEquity21935010537920,738SH SOLE 20,73800
GENERAL MOTORS COEquity37045V1008,451248,488SH SOLE 248,48800
GATX CORPEquity3614481031,01823,915SH SOLE 23,91500
GAP INC/THEEquity36476010895138,487SH SOLE 38,48700
GOLDMAN SACHS GROUP INCEquity38141G1048044,459SH SOLE 4,45900
GOODYEAR TIRE & RUBBER COEquity38255010197829,924SH SOLE 29,92400
HUNTINGTON BANCSHARES INCEquity44615010480672,893SH SOLE 72,89300
HCA HOLDINGS INCEquity40412C10195514,121SH SOLE 14,12100
HELMERICH & PAYNEEquity4234521013857,183SH SOLE 7,18300
HEWLETT-PACKARD COEquity40434L10598883,444SH SOLE 83,44400
HERTZ GLOBAL HOLDINGS INCEquity42805T1051,590111,750SH SOLE 111,75000
HUNTSMAN CORPEquity4470111071,01188,883SH SOLE 88,88300
INTL BUSINESS MACHINES CORPEquity4592001019697,038SH SOLE 7,03800
INGRAM MICRO INC-CL AEquity45715310494631,129SH SOLE 31,12900
INTERNATIONAL PAPER COEquity4601461036,505172,553SH SOLE 172,55300
JABIL CIRCUIT INCEquity46631310394140,388SH SOLE 40,38800
JOHNSON & JOHNSONEquity4781601043943,838SH SOLE 3,83800
JPMORGAN CHASE & COEquity46625H1001,76826,781SH SOLE 26,78100
KEYCORPEquity4932671081,795136,098SH SOLE 136,09800
KENNAMETAL INCEquity48917010098951,536SH SOLE 51,53600
COCA-COLA CO/THEEquity1912161003989,268SH SOLE 9,26800
LOCKHEED MARTIN CORPEquity5398301093781,739SH SOLE 1,73900
LINCOLN NATIONAL CORPEquity5341871091,48429,536SH SOLE 29,53600
CHENIERE ENERGY INCEquity16411R2081,41437,953SH SOLE 37,95300
LIFEPOINT HEALTH INCEquity53219L10997313,259SH SOLE 13,25900
L Brands IncEquity5017971044014,190SH SOLE 4,19000
LAS VEGAS SANDS CORPEquity5178341075,927135,186SH SOLE 135,18600
LYONDELLBASELL INDU-CL AEquityN537451001,32015,192SH SOLE 15,19200
MACY'S INCEquity55616P10495327,243SH SOLE 27,24300
MASTERCARD INC-CLASS AEquity57636Q1041,82818,771SH SOLE 18,77100
MCDONALD'S CORPEquity5801351014083,452SH SOLE 3,45200
MCKESSON CORPEquity58155Q1039634,884SH SOLE 4,88400
MONDELEZ INTERNATIONAL INCEquity6092071051,87541,813SH SOLE 41,81300
METLIFE INCEquity59156R1081,51031,319SH SOLE 31,31900
ALTRIA GROUP INCEquity02209S1036,555112,610SH SOLE 112,61000
MONSANTO COEquity61166W1013623,670SH SOLE 3,67000
MOSAIC CO/THEEquity61945C1031,09839,805SH SOLE 39,80500
MERCK & CO. INC.Equity58933Y1053847,269SH SOLE 7,26900
MICROSOFT CORPEquity5949181041,91734,561SH SOLE 34,56100
MOTOROLA SOLUTIONS INCEquity6200763071,78126,013SH SOLE 26,01300
M & T BANK CORPEquity55261F1047876,498SH SOLE 6,49800
MICRON TECHNOLOGY INCEquity59511210391564,639SH SOLE 64,63900
MURPHY OIL CORPEquity62671710230813,716SH SOLE 13,71600
NATIONAL OILWELL VARCO INCEquity63707110135010,458SH SOLE 10,45800
NETAPP INCEquity64110D10491934,645SH SOLE 34,64500
NUCOR CORPEquity6703461053839,508SH SOLE 9,50800
NU SKIN ENTERPRISES INC - AEquity67018T10543911,597SH SOLE 11,59700
OCEANEERING INTL INCEquity67523210296425,694SH SOLE 25,69400
ONEOK INCEquity6826801031,07743,657SH SOLE 43,65700
PEOPLE'S UNITED FINANCIALEquity71270410538323,692SH SOLE 23,69200
PBF ENERGY INCEquity69318G10697626,511SH SOLE 26,51100
PACCAR INCEquity6937181081,34928,463SH SOLE 28,46300
PRICELINE.COM INCEquity7415034031,8581,457SH SOLE 1,45700
PFIZER INCEquity71708110339512,248SH SOLE 12,24800
PRINCIPAL FINANCIAL GROUPEquity74251V10250711,275SH SOLE 11,27500
PHILIP MORRIS INTERNATIONALEquity7181721096,58474,894SH SOLE 74,89400
PNC FINANCIAL SERVICES GROUPEquity6934751058078,464SH SOLE 8,46400
PPL CORPORATIONEquity69351T1066,511190,772SH SOLE 190,77200
PRUDENTIAL FINANCIAL INCEquity7443201021,48218,207SH SOLE 18,20700
ROWAN COMPANIES PLCEquityG7665A10195056,024SH SOLE 56,02400
EVEREST RE GROUP LTDEquityG3223R1085032,746SH SOLE 2,74600
REGIONS FINANCIAL CORPEquity7591EP10080784,036SH SOLE 84,03600
RR DONNELLEY & SONS COEquity25786710196065,202SH SOLE 65,20200
SCANA CORPEquity80589M1023946,518SH SOLE 6,51800
SCOTTS MIRACLE-GRO CO-CL AEquity8101861061021,577SH SOLE 1,57700
SYNNEX CORPEquity87162W10093510,393SH SOLE 10,39300
SONOCO PRODUCTS COEquity8354951023789,242SH SOLE 9,24200
SUNTRUST BANKS INCEquity86791410380118,699SH SOLE 18,69900
STEEL DYNAMICS INCEquity85811910098655,173SH SOLE 55,17300
SUNEDISON INCEquity86732Y1091,038203,892SH SOLE 203,89200
SUPERVALU INCEquity868536103996146,974SH SOLE 146,97400
TRANSDIGM GROUP INCEquity8936411001,8288,000SH SOLE 8,00000
TENNECO INCEquity88034910596420,998SH SOLE 20,99800
HANOVER INSURANCE GROUP INC/Equity4108671055146,319SH SOLE 6,31900
TRINITY INDUSTRIES INCEquity89652210996940,358SH SOLE 40,35800
TYSON FOODS INC-CL AEquity90249410395817,971SH SOLE 17,97100
TESORO CORPEquity8816091019579,081SH SOLE 9,08100
TUPPERWARE BRANDS CORPEquity8998961043907,016SH SOLE 7,01600
TIME WARNER CABLEEquity88732J2071,87010,075SH SOLE 10,07500
UNITED CONTINENTAL HOLDINGSEquity91004710994216,437SH SOLE 16,43700
DOMTAR CORPEquity25755920396326,068SH SOLE 26,06800
UNITED NATURAL FOODS INCEquity91116310392923,607SH SOLE 23,60700
UNUM GROUPEquity91529Y1061,49044,773SH SOLE 44,77300
US BANCORPEquity90297330479018,513SH SOLE 18,51300
VALERO ENERGY CORPEquity91913Y10094913,418SH SOLE 13,41800
VALEANT PHARMACEUTICALS INTEEquity91911K1021,02910,122SH SOLE 10,12200
VERIZON COMMUNICATIONS INCEquity92343V1046,253135,281SH SOLE 135,28100
WALGREEN COEquity9314271081,87321,992SH SOLE 21,99200
WELLCARE HEALTH PLANS INCEquity94946T10693011,888SH SOLE 11,88800
WELLS FARGO & COEquity94974610180314,774SH SOLE 14,77400
WHOLE FOODS MARKET INCEquity96683710696728,878SH SOLE 28,87800
ANTHEM INCEquity0367521039536,838SH SOLE 6,83800
WAL-MART STORES INCEquity93114210398216,016SH SOLE 16,01600
WESTERN REFINING INCEquity95931910490725,451SH SOLE 25,45100
WESTERN UNION COEquity95980210937020,631SH SOLE 20,63100
WOLVERINE WORLD WIDE INCEquity97809710394656,615SH SOLE 56,61500
EXXON MOBIL CORPEquity30231G1023844,930SH SOLE 4,93000
ZIONS BANCORPORATIONEquity98970110779629,167SH SOLE 29,16700
LIBERTY GLOBAL PLC-SERIES CEquityG5480U1201,83645,029SH SOLE 45,02900
ALPHABET INC-CL AEquity02079K3051,9052,449SH SOLE 2,44900
AMERICAN AIRLINES GROUP INCEquity02376R10295322,495SH SOLE 22,49500
MACQUARIE INFRASTRUCTURE COREquity55608B1053785,209SH SOLE 5,20900
CULLEN/FROST BANKERS INCEquity22989910995015,834SH SOLE 15,83400
PAYPAL HOLDINGS INCEquity70450Y1031,85851,339SH SOLE 51,33900
CITIZENS FINANCIAL GROUPEquity17461010580030,533SH SOLE 30,53300
January 16 Calls on HYG US 15 Jan 16 84.00 CALLEquity Call46428851341,200SH SOLE 1,20000
January 16 Calls on HYG US 15 Jan 16 82.00 CALLEquity Call46428851310500SH SOLE 50000
SPDR GOLD TRUST EQUITY HEDGEFUND 0.0Equity HedgeFund78463V1074354,292SH SOLE 4,29200
ISHARES SILVER TRUST EQUITY HEDGEFUND 0.0Equity HedgeFund46428Q10921516,314SH SOLE 16,31400
CBL & ASSOCIATES PROPERTIES REIT 0.0REIT12483010063851,606SH SOLE 51,60600
MACK-CALI REALTY CORP REIT 0.0REIT55448910426711,437SH SOLE 11,43700
CAMDEN PROPERTY TRUST REIT 0.0REIT1331311026,11979,719SH SOLE 79,71900
FRANKLIN STREET PROPERTIES C REIT 0.0REIT35471R10614013,490SH SOLE 13,49000
HCP INC REIT 0.0REIT40414L1096,593172,410SH SOLE 172,41000
HOSPITALITY PROPERTIES TRUST REIT 0.0REIT44106M10239114,949SH SOLE 14,94900
HOST HOTELS & RESORTS INC REIT 0.0REIT44107P10437324,347SH SOLE 24,34700
INVESTORS REAL ESTATE TRUST REIT 0.0REIT46173010311616,668SH SOLE 16,66800
LIBERTY PROPERTY TRUST REIT 0.0REIT5311721045,600180,339SH SOLE 180,33900
LEXINGTON REALTY TRUST REIT 0.0REIT52904310124730,885SH SOLE 30,88500
MID-AMERICA APARTMENT COMM REIT 0.0REIT59522J1037,06477,785SH SOLE 77,78500
PIEDMONT OFFICE REALTY TRU-A REIT 0.0REIT72019020637119,663SH SOLE 19,66300
PENN REAL ESTATE INVEST TST REIT 0.0REIT7091021071999,100SH SOLE 9,10000
PS BUSINESS PARKS INC/CA REIT 0.0REIT69360J1073033,465SH SOLE 3,46500
SENIOR HOUSING PROP TRUST REIT 0.0REIT81721M10934423,155SH SOLE 23,15500
WEINGARTEN REALTY INVESTORS REIT 0.0REIT94874110339211,335SH SOLE 11,33500
COLUMBIA PROPERTY TRUST INC REIT 0.0REIT19828720338316,294SH SOLE 16,29400
EMPIRE STATE REALTY TRUST-A REIT 0.0REIT29210410626914,877SH SOLE 14,87700
KITE REALTY GROUP TRUST REIT 0.0REIT49803T30028010,791SH SOLE 10,79100