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 193,131 1,377,046 SH   OTR 1 0 1,377,046 0
3M CO COM 88579Y101 7,670 54,686 SH   SOLE   54,686 0 0
3M CO COM 88579Y101 3,354 23,915 SH   OTR 1 0 23,915 0
ALCOA INC COM 013817101 239,925 22,570,589 SH   OTR 1 0 22,570,589 0
ALCOA INC COM 013817101 9,724 914,808 SH   SOLE   914,808 0 0
ALCOA INC COM 013817101 4,173 392,570 SH   OTR 1 0 392,570 0
ALPHA NATURAL RESOURCES INC COM 02076X102 78,062 10,933,019 SH   OTR 1 0 10,933,019 0
ALPHA NATURAL RESOURCES INC COM 02076X102 3,066 429,413 SH   SOLE   429,413 0 0
ALPHA NATURAL RESOURCES INC COM 02076X102 1,356 189,900 SH   OTR 1 0 189,900 0
AMAZON COM INC COM 023135106 184,513 462,682 SH   OTR 1 0 462,682 0
AMAZON COM INC COM 023135106 7,582 19,013 SH   SOLE   19,013 0 0
AMAZON COM INC COM 023135106 3,195 8,012 SH   OTR 1 0 8,012 0
APACHE CORP COM 037411105 196,114 2,281,988 SH   OTR 1 0 2,281,988 0
APACHE CORP COM 037411105 8,159 94,938 SH   SOLE   94,938 0 0
APACHE CORP COM 037411105 3,408 39,660 SH   OTR 1 0 39,660 0
BAKER HUGHES INC COM 057224107 191,162 3,459,321 SH   OTR 1 0 3,459,321 0
BAKER HUGHES INC COM 057224107 7,437 134,589 SH   SOLE   134,589 0 0
BAKER HUGHES INC COM 057224107 3,320 60,078 SH   OTR 1 0 60,078 0
BB&T CORP COM 054937107 190,467 5,103,628 SH   OTR 1 0 5,103,628 0
BB&T CORP COM 054937107 7,410 198,563 SH   SOLE   198,563 0 0
BB&T CORP COM 054937107 3,308 88,635 SH   OTR 1 0 88,635 0
BEACON ROOFING SUPPLY INC COM 073685109 143,179 3,554,595 SH   OTR 1 0 3,554,595 0
BEACON ROOFING SUPPLY INC COM 073685109 5,913 146,800 SH   SOLE   146,800 0 0
BEACON ROOFING SUPPLY INC COM 073685109 2,478 61,526 SH   OTR 1 0 61,526 0
CHESAPEAKE ENERGY CORP COM 165167107 204,116 7,545,887 SH   OTR 1 0 7,545,887 0
CHESAPEAKE ENERGY CORP COM 165167107 8,431 311,668 SH   SOLE   311,668 0 0
CHESAPEAKE ENERGY CORP COM 165167107 3,523 130,257 SH   OTR 1 0 130,257 0
CIT GROUP INC COM NEW 125581801 192,018 3,683,443 SH   OTR 1 0 3,683,443 0
CIT GROUP INC COM NEW 125581801 7,471 143,309 SH   SOLE   143,309 0 0
CIT GROUP INC COM NEW 125581801 3,335 63,971 SH   OTR 1 0 63,971 0
CME GROUP INC COM 12572Q105 176,448 2,248,889 SH   OTR 1 0 2,248,889 0
CME GROUP INC COM 12572Q105 6,865 87,496 SH   SOLE   87,496 0 0
CME GROUP INC COM 12572Q105 3,064 39,056 SH   OTR 1 0 39,056 0
COSTCO WHSL CORP NEW COM 22160K105 225,329 1,893,207 SH   OTR 1 0 1,893,207 0
COSTCO WHSL CORP NEW COM 22160K105 8,930 75,031 SH   SOLE   75,031 0 0
COSTCO WHSL CORP NEW COM 22160K105 3,872 32,534 SH   OTR 1 0 32,534 0
CUMMINS INC COM 231021106 191,198 1,356,303 SH   OTR 1 0 1,356,303 0
CUMMINS INC COM 231021106 7,439 52,768 SH   SOLE   52,768 0 0
CUMMINS INC COM 231021106 3,321 23,555 SH   OTR 1 0 23,555 0
D R HORTON INC COM 23331A109 199,924 8,957,153 SH   OTR 1 0 8,957,153 0
D R HORTON INC COM 23331A109 7,778 348,489 SH   SOLE   348,489 0 0
D R HORTON INC COM 23331A109 3,472 155,560 SH   OTR 1 0 155,560 0
DEERE & CO COM 244199105 190,608 2,087,025 SH   OTR 1 0 2,087,025 0
DEERE & CO COM 244199105 7,416 81,198 SH   SOLE   81,198 0 0
DEERE & CO COM 244199105 3,310 36,245 SH   OTR 1 0 36,245 0
DEVON ENERGY CORP NEW COM 25179M103 188,644 3,049,045 SH   OTR 1 0 3,049,045 0
DEVON ENERGY CORP NEW COM 25179M103 7,339 118,627 SH   SOLE   118,627 0 0
DEVON ENERGY CORP NEW COM 25179M103 3,276 52,953 SH   OTR 1 0 52,953 0
DISCOVER FINL SVCS COM 254709108 195,019 3,485,591 SH   OTR 1 0 3,485,591 0
DISCOVER FINL SVCS COM 254709108 7,887 140,957 SH   SOLE   140,957 0 0
DISCOVER FINL SVCS COM 254709108 3,387 60,534 SH   OTR 1 0 60,534 0
EAGLE MATERIALS INC COM 26969P108 201,867 2,607,095 SH   OTR 1 0 2,607,095 0
EAGLE MATERIALS INC COM 26969P108 8,400 108,482 SH   SOLE   108,482 0 0
EAGLE MATERIALS INC COM 26969P108 3,486 45,020 SH   OTR 1 0 45,020 0
EMERSON ELEC CO COM 291011104 190,131 2,709,197 SH   OTR 1 0 2,709,197 0
EMERSON ELEC CO COM 291011104 7,397 105,404 SH   SOLE   105,404 0 0
EMERSON ELEC CO COM 291011104 3,302 47,051 SH   OTR 1 0 47,051 0
FACEBOOK INC CL A 30303M102 272,879 4,993,300 SH   OTR 1 0 4,993,300 0
FACEBOOK INC CL A 30303M102 11,373 208,116 SH   SOLE   208,116 0 0
FACEBOOK INC CL A 30303M102 4,745 86,818 SH   OTR 1 0 86,818 0
FIFTH THIRD BANCORP COM 316773100 188,636 8,969,833 SH   OTR 1 0 8,969,833 0
FIFTH THIRD BANCORP COM 316773100 7,339 348,983 SH   SOLE   348,983 0 0
FIFTH THIRD BANCORP COM 316773100 3,276 155,780 SH   OTR 1 0 155,780 0
FORD MTR CO DEL COM PAR $0.01 345370860 153,911 9,974,810 SH   OTR 1 0 9,974,810 0
FORD MTR CO DEL COM PAR $0.01 345370860 6,537 423,629 SH   SOLE   423,629 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 2,675 173,370 SH   OTR 1 0 173,370 0
FREEPORT-MCMORAN COPPER & GO COM 35671D857 223,673 5,926,689 SH   OTR 1 0 5,926,689 0
FREEPORT-MCMORAN COPPER & GO COM 35671D857 9,085 240,717 SH   SOLE   240,717 0 0
FREEPORT-MCMORAN COPPER & GO COM 35671D857 3,875 102,687 SH   OTR 1 0 102,687 0
GENERAL ELECTRIC CO COM 369604103 193,077 6,888,229 SH   OTR 1 0 6,888,229 0
GENERAL ELECTRIC CO COM 369604103 7,512 267,995 SH   SOLE   267,995 0 0
GENERAL ELECTRIC CO COM 369604103 3,353 119,629 SH   OTR 1 0 119,629 0
HOME DEPOT INC COM 437076102 192,824 2,341,800 SH   OTR 1 0 2,341,800 0
HOME DEPOT INC COM 437076102 7,502 91,110 SH   SOLE   91,110 0 0
HOME DEPOT INC COM 437076102 3,349 40,670 SH   OTR 1 0 40,670 0
INGERSOLL-RAND PLC SHS G47791101 188,557 3,060,997 SH   OTR 1 0 3,060,997 0
INGERSOLL-RAND PLC SHS G47791101 7,538 122,368 SH   SOLE   122,368 0 0
INGERSOLL-RAND PLC SHS G47791101 3,242 52,626 SH   OTR 1 0 52,626 0
IRELAND BK SPNSRD ADR NEW 46267Q202 48,841 3,389,402 SH   OTR 1 0 3,389,402 0
IRELAND BK SPNSRD ADR NEW 46267Q202 5,242 363,742 SH   SOLE   363,742 0 0
ISHARES RUSSELL 2000 ETF 464287655 13,093 70,016 SH Call OTR 1 0 70,016 0
ISHARES RUSSELL 2000 ETF 464287655 1,335 2,741 SH Call SOLE   2,741 0 0
ISHARES RUSSELL 2000 ETF 464287655 593 1,218 SH Call OTR 1 0 1,218 0
ISHARES RUSSELL 2000 ETF 464287655 36,369 94,710 SH Call OTR 1 0 94,710 0
ISHARES RUSSELL 2000 ETF 464287655 1,430 3,724 SH Call SOLE   3,724 0 0
ISHARES RUSSELL 2000 ETF 464287655 601 1,566 SH Call OTR 1 0 1,566 0
ISHARES CHINA LG-CAP ETF 464287184 2,078 94,470 SH Call OTR 1 0 94,470 0
ISHARES CHINA LG-CAP ETF 464287184 88 4,010 SH Call SOLE   4,010 0 0
ISHARES CHINA LG-CAP ETF 464287184 33 1,520 SH Call OTR 1 0 1,520 0
ISHARES MSCI EMG MKT ETF 464287234 8,512 236,441 SH Call OTR 1 0 236,441 0
ISHARES MSCI EMG MKT ETF 464287234 349 9,686 SH Call SOLE   9,686 0 0
ISHARES MSCI EMG MKT ETF 464287234 139 3,873 SH Call OTR 1 0 3,873 0
ISHARES MSCI ITALCPD ETF 464286855 203,730 13,068,013 SH   OTR 1 0 13,068,013 0
ISHARES MSCI ITALCPD ETF 464286855 8,961 574,798 SH   SOLE   574,798 0 0
ISHARES MSCI ITALCPD ETF 464286855 3,540 227,039 SH   OTR 1 0 227,039 0
ISHARES MSCI JAPAN ETF 464286848 184,810 15,224,466 SH   OTR 1 0 15,224,466 0
ISHARES MSCI JAPAN ETF 464286848 7,522 619,690 SH   SOLE   619,690 0 0
ISHARES MSCI JAPAN ETF 464286848 3,201 263,678 SH   OTR 1 0 263,678 0
ISHARES MSCI MEX CAP ETF 464286822 285,651 4,200,747 SH   OTR 1 0 4,200,747 0
ISHARES MSCI MEX CAP ETF 464286822 12,573 184,902 SH   SOLE   184,902 0 0
ISHARES MSCI MEX CAP ETF 464286822 4,979 73,218 SH   OTR 1 0 73,218 0
ISHARES US HOME CONS ETF 464288752 239,674 9,656,478 SH   OTR 1 0 9,656,478 0
ISHARES US HOME CONS ETF 464288752 9,876 397,902 SH   SOLE   397,902 0 0
ISHARES US HOME CONS ETF 464288752 4,147 167,101 SH   OTR 1 0 167,101 0
JOY GLOBAL INC COM 481165108 198,648 3,396,266 SH   OTR 1 0 3,396,266 0
JOY GLOBAL INC COM 481165108 7,729 132,136 SH   SOLE   132,136 0 0
JOY GLOBAL INC COM 481165108 3,450 58,983 SH   OTR 1 0 58,983 0
KBR INC COM 48242W106 148,504 4,656,743 SH   OTR 1 0 4,656,743 0
KBR INC COM 48242W106 6,032 189,138 SH   SOLE   189,138 0 0
KBR INC COM 48242W106 2,568 80,528 SH   OTR 1 0 80,528 0
MOHAWK INDS INC COM 608190104 196,240 1,317,929 SH   OTR 1 0 1,317,929 0
MOHAWK INDS INC COM 608190104 7,635 51,275 SH   SOLE   51,275 0 0
MOHAWK INDS INC COM 608190104 3,408 22,888 SH   OTR 1 0 22,888 0
POTASH CORP SASK INC COM 73755L107 192,958 5,854,319 SH   OTR 1 0 5,854,319 0
POTASH CORP SASK INC COM 73755L107 7,507 227,770 SH   SOLE   227,770 0 0
POTASH CORP SASK INC COM 73755L107 3,351 101,673 SH   OTR 1 0 101,673 0
PRECISION CASTPARTS CORP COM 740189105 189,064 702,059 SH   OTR 1 0 702,059 0
PRECISION CASTPARTS CORP COM 740189105 7,477 27,763 SH   SOLE   27,763 0 0
PRECISION CASTPARTS CORP COM 740189105 3,283 12,192 SH   OTR 1 0 12,192 0
PULTE GROUP INC COM 745867101 203,578 9,994,004 SH   OTR 1 0 9,994,004 0
PULTE GROUP INC COM 745867101 7,920 388,830 SH   SOLE   388,830 0 0
PULTE GROUP INC COM 745867101 3,536 173,567 SH   OTR 1 0 173,567 0
RYLAND GROUP INC COM 783764103 143,167 3,298,025 SH   OTR 1 0 3,298,025 0
RYLAND GROUP INC COM 783764103 5,879 135,423 SH   SOLE   135,423 0 0
RYLAND GROUP INC COM 783764103 2,472 56,939 SH   OTR 1 0 56,939 0
SCHLUMBERGER LTD COM 806857108 238,085 2,642,160 SH   OTR 1 0 2,642,160 0
SCHLUMBERGER LTD COM 806857108 9,868 109,507 SH   SOLE   109,507 0 0
SCHLUMBERGER LTD COM 806857108 4,128 45,808 SH   OTR 1 0 45,808 0
SHERWIN WILLIAMS CO COM 824348106 138,155 752,886 SH   OTR 1 0 752,886 0
SHERWIN WILLIAMS CO COM 824348106 5,639 30,730 SH   SOLE   30,730 0 0
SHERWIN WILLIAMS CO COM 824348106 2,404 13,099 SH   OTR 1 0 13,099 0
SPDR SERIES TRUST S&P REGL BKG 78464A698 305,236 7,516,275 SH   OTR 1 0 7,516,275 0
SPDR SERIES TRUST S&P REGL BKG 78464A698 12,837 316,105 SH   SOLE   316,105 0 0
SPDR SERIES TRUST S&P REGL BKG 78464A698 5,299 130,495 SH   OTR 1 0 130,495 0
SPDR SERIES TRUST S&P HOMEBUILD 78464A888 193,415 5,808,244 SH   OTR 1 0 5,808,244 0
SPDR SERIES TRUST S&P HOMEBUILD 78464A888 7,525 225,977 SH   SOLE   225,977 0 0
SPDR SERIES TRUST S&P HOMEBUILD 78464A888 3,359 100,872 SH   OTR 1 0 100,872 0
SPLUNK INC COM 848637104 183,180 2,667,543 SH   OTR 1 0 2,667,543 0
SPLUNK INC COM 848637104 7,510 109,369 SH   SOLE   109,369 0 0
SPLUNK INC COM 848637104 3,123 45,482 SH   OTR 1 0 45,482 0
ST JOE CO COM 790148100 117,647 6,130,622 SH   OTR 1 0 6,130,622 0
ST JOE CO COM 790148100 4,784 249,281 SH   SOLE   249,281 0 0
ST JOE CO COM 790148100 2,037 106,140 SH   OTR 1 0 106,140 0
STEEL DYNAMICS INC COM 858119100 198,124 10,139,391 SH   OTR 1 0 10,139,391 0
STEEL DYNAMICS INC COM 858119100 7,708 394,486 SH   SOLE   394,486 0 0
STEEL DYNAMICS INC COM 858119100 3,441 176,092 SH   OTR 1 0 176,092 0
TECK RESOURCES LTD CL B 878742204 196,443 7,552,603 SH   OTR 1 0 7,552,603 0
TECK RESOURCES LTD CL B 878742204 7,979 306,756 SH   SOLE   306,756 0 0
TECK RESOURCES LTD CL B 878742204 3,418 131,404 SH   OTR 1 0 131,404 0
TOLL BROTHERS INC COM 889478103 194,685 5,261,767 SH   OTR 1 0 5,261,767 0
TOLL BROTHERS INC COM 889478103 7,853 212,256 SH   SOLE   212,256 0 0
TOLL BROTHERS INC COM 889478103 3,381 91,382 SH   OTR 1 0 91,382 0
TRACTOR SUPPLY CO COM 892356106 192,137 2,476,634 SH   OTR 1 0 2,476,634 0
TRACTOR SUPPLY CO COM 892356106 7,667 98,832 SH   SOLE   98,832 0 0
TRACTOR SUPPLY CO COM 892356106 3,337 43,012 SH   OTR 1 0 43,012 0
UNION PAC CORP COM 907818108 193,327 7,448,529 SH   OTR 1 0 7,448,529 0
UNION PAC CORP COM 907818108 7,522 289,794 SH   SOLE   289,794 0 0
UNION PAC CORP COM 907818108 3,358 129,359 SH   OTR 1 0 129,359 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 2,000 200,000 SH Call OTR 1 0 200,000 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 78 7,813 SH Call SOLE   7,813 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 35 3,474 SH Call OTR 1 0 3,474 0
WALTER ENERGY INC COM 93317Q105 82,033 4,932,820 SH   OTR 1 0 4,932,820 0
WALTER ENERGY INC COM 93317Q105 3,192 191,917 SH   SOLE   191,917 0 0
WALTER ENERGY INC COM 93317Q105 1,425 85,669 SH   OTR 1 0 85,669 0