13F-HR 1 inftable.txt FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- VANGUARD INDEX TRUST 500 MF 922908108 280 2663.077 SH SOLE 2663.077 STRATTON MULTI-CAP FUND INC MF 863144101 3316 101192.161SH SOLE 101192.161 STRATTON REAL ESTATE FUND INC MF 863147104 1411 56078.661SH SOLE 56078.661 STRATTON SMALL-CAP VALUE FUND MF 863137105 14543 340335.112SH SOLE 340335.112 DNP SELECT INCOME FUND INC MF 23325P104 223 22700.000SH SOLE 22700.000 ALEXANDRIA REAL ESTATE EQUITIE COM 015271109 2100 30000 SH SOLE 30000 AMB PROPERTY CORP COM 00163T109 9344 353000 SH SOLE 353000 AMERICAN CAMPUS COMMUNITIES IN COM 024835100 3272 107500 SH SOLE 107500 APARTMENT INVT & MGMT CO COM 03748r101 1283 60000 SH SOLE 60000 AVALON BAY COMMUNITIES INC COM 053484101 2079 20000 SH SOLE 20000 BOSTON PROPERTIES INC COM 101121101 1673 20125 SH SOLE 20125 BRANDYWINE REALTY TRUST SBI COM 105368203 2000 163300 SH SOLE 163300 CAMDEN PROPERTY TRUST COM 133131102 1919 40000 SH SOLE 40000 COLONIAL PROPERTIES TRUST COM 195872106 246 15225 SH SOLE 15225 DCT INDUSTRIAL TRUST INC COM 233153105 958 200000 SH SOLE 200000 DEVELOPERS DIVERSIFIED COM 251591103 767 68362 SH SOLE 68362 DIGITAL REALTY TRUST INC COM 253868103 1851 30000 SH SOLE 30000 EASTGROUP PROPERTIES SBI COM 277276101 2318 62000 SH SOLE 62000 EQUITY ONE INC COM 294752100 844 50000 SH SOLE 50000 EQUITY RESIDENTIAL COM 29476L107 2150 45200 SH SOLE 45200 FEDERAL REALTY INV. TRUST COM 313747206 2580 31600 SH SOLE 31600 GLIMCHER REALTY COM 379302102 1138 185000 SH SOLE 185000 HCP INC COM 40414l109 3689 102532 SH SOLE 102532 HEALTH CARE REIT COM 42217K106 3269 69050 SH SOLE 69050 HEALTHCARE REALTY TRUST COM 421946104 2358 100800 SH SOLE 100800 HIGHWOODS PROPERTIES INC COM 431284108 11124 342600 SH SOLE 342600 HOME PROPERTIES OF NEW YORK COM 437306103 11691 221000 SH SOLE 221000 HOSPITALITY PROPERTIES TRUST COM 44106M102 2418 108300 SH SOLE 108300 LEXINGTON REALTY TRUST COM 529043101 1938 270603 SH SOLE 270603 LIBERTY PROPERTY TRUST COM 531172104 5289 165800 SH SOLE 165800 MACERICH CO COM 554382101 2226 51832 SH SOLE 51832 MACK-CALI REALTY CORP COM 554489104 2126 65000 SH SOLE 65000 MEDICAL PROPERTIES TRUST INC COM 58463j304 13050 1287000 SH SOLE 1287000 MID-AMERICA APARTMENT COMMUNIT COM 59522J103 2914 50000 SH SOLE 50000 NATIONAL RETAIL PPTYS INC COM 637417106 2815 112100 SH SOLE 112100 NATIONWIDE HEALTH PROPERTIES COM 638620104 16435 425000 SH SOLE 425000 OMEGA HEALTHCARE INVESTORS COM 681936100 1347 60000 SH SOLE 60000 PENNSYLVANIA REIT COM 709102107 276 23300 SH SOLE 23300 SIMON PROPERTY GROUP INC COM 828806109 4529 48839 SH SOLE 48839 SL GREEN REALTY CORP COM 78440X101 15389 243000 SH SOLE 243000 STARWOOD HOTELS RESORTS WORLDW COM 85590A401 788 15000 SH SOLE 15000 SUNSTONE HOTEL INVESTORS INC COM 867892101 1192 131414 SH SOLE 131414 UDR INC COM 902653104 3498 165617 SH SOLE 165617 UNIVERSAL HEALTH REALTY INCOME COM 91359E105 2409 70000 SH SOLE 70000 URSTADT BIDDLE PPTYS COM 917286205 1446 80000 SH SOLE 80000 VENTAS INC COM 92276F100 2424 47000 SH SOLE 47000 WP CAREY & CO LLC COM 92930Y107 1621 56000 SH SOLE 56000 3M COMPANY COM 88579Y101 10895 125650 SH SOLE 125650 A T & T INC COM 00206R102 5354 187186 SH SOLE 187186 AARON'S INC COM 002535201 12440 674250 SH SOLE 674250 ABBOTT LABORATORIES COM 002824100 21031 402591 SH SOLE 402591 ACCENTURE PLC - CL A COM G1151C101 11881 279629 SH SOLE 279629 AFFILIATED MANAGERS GROUP INC COM 008252108 14096 180700 SH SOLE 180700 AFLAC INC COM 001055102 13317 257535 SH SOLE 257535 AGRIUM INC COM 008916108 8153 108720 SH SOLE 108720 AIR PRODUCTS & CHEMICALS INC COM 009158106 20164 243470 SH SOLE 243470 AIRGAS INC COM 009363102 2915 42900 SH SOLE 42900 ALLEGHENY TECHNOLOGIES INC COM 01741R102 631 13582 SH SOLE 13582 ALLERGAN INC COM 018490102 599 9002 SH SOLE 9002 ALLSTATE CORPORATION COM 020002101 2228 70615 SH SOLE 70615 ALPHA NATURAL RESOURCES COM 02076x102 5576 135500 SH SOLE 135500 ALTRIA GROUP INC COM 02209S103 2219 92400 SH SOLE 92400 AMEDISYS INC COM 023436108 6942 291667 SH SOLE 291667 AMERICAN ELECTRIC POWER CO COM 025537101 862 23804 SH SOLE 23804 AMERICAN EXPRESS COM 025816109 411 9775 SH SOLE 9775 AMERICAN WATER WORKS CO INC COM 030420103 4410 189500 SH SOLE 189500 AMERIPRISE FINANCIAL INC COM 03076C106 8190 173030 SH SOLE 173030 AMGEN COM 031162100 346 6285 SH SOLE 6285 ANADARKO PETROLEUM CORP COM 032511107 3223 56500 SH SOLE 56500 ANIXTER INTERNATIONAL COM 035290105 12779 236700 SH SOLE 236700 AON CORPORATION COM 037389103 773 19756 SH SOLE 19756 APACHE CORP COM 037411105 10394 106324 SH SOLE 106324 APPLE COMPUTER COM 037833100 427 1505 SH SOLE 1505 ARBITRON INCORPORATED COM 03875Q108 13160 470500 SH SOLE 470500 ARCHER DANIELS MIDLAND COM 039483102 561 17580 SH SOLE 17580 ASTORIA FINL CORP COM COM 046265104 4389 322000 SH SOLE 322000 AUTOMATIC DATA PROCESSING INC COM 053015103 597 14200 SH SOLE 14200 AVAGO TECHNOLOGIES LTD COM Y0486S104 4250 188805 SH SOLE 188805 AVISTA CORP COM 05379B107 12632 605000 SH SOLE 605000 AVON PRODUCTS COM 054303102 4390 136724 SH SOLE 136724 BANK OF AMERICA CORP COM 060505104 1255 95766 SH SOLE 95766 BAXTER INT'L COM 071813109 1217 25500 SH SOLE 25500 BECTON DICKINSON & CO COM 075887109 10652 143750 SH SOLE 143750 BELDEN CDT INC COM 077454106 12256 464600 SH SOLE 464600 BERKSHIRE HATHAWAY INC CLASS B COM 084670702 516 6239 SH SOLE 6239 BEST BUY COMPANY INC COM 086516101 482 11800 SH SOLE 11800 BLACK HILLS CORP COM 092113109 970 31100 SH SOLE 31100 BLUE COAT SYSTEMS INCORPORATED COM 09534T508 11284 469000 SH SOLE 469000 BP PLC COM 055622104 687 16691 SH SOLE 16691 BRISTOL-MYERS SQUIBB COM 110122108 7983 294472 SH SOLE 294472 BUCKEYE PARTNERS L P UNIT LTD COM 118230101 867 13650 SH SOLE 13650 CABOT OIL & GAS CORP COM 127097103 8834 293400 SH SOLE 293400 CACI INTERNATIONAL INC - CL A COM 127190304 7061 156000 SH SOLE 156000 CAMPBELL SOUP COM 134429109 2639 73813 SH SOLE 73813 CANADIAN NATIONAL RAILWAY CO C COM 136375102 640 10000 SH SOLE 10000 CARRIZO OIL & GAS INC COM 144577103 12784 534000 SH SOLE 534000 CASCADE CORP COM 147195101 5613 176500 SH SOLE 176500 CASEYS GENERAL STORES INC COM 147528103 12220 292700 SH SOLE 292700 CATERPILLAR INC COM 149123101 6579 83621 SH SOLE 83621 CENTRAL FUND OF CANADA COM 153501101 432 26000 SH SOLE 26000 CENTURYLINK INC COM 156700106 2844 72068 SH SOLE 72068 CF INDUSTRIES HOLDINGS INC COM 125269100 4068 42600 SH SOLE 42600 CH ENERGY GROUP INC COM 12541M102 433 9800 SH SOLE 9800 CHESAPEAKE ENERGY CORP COM 165167107 463 20425 SH SOLE 20425 CHEVRON CORP COM 166764100 8472 104526 SH SOLE 104526 CHICAGO BRIDGE AND IRON COMPAN COM 167250109 15122 618500 SH SOLE 618500 CHURCH & DWIGHT INC COM 171340102 5889 90685 SH SOLE 90685 CIGNA CORP COM 125509109 234 6550 SH SOLE 6550 CISCO SYSTEMS INC COM 17275R102 299 13647 SH SOLE 13647 COAST DISTRIBUTION SERVICES COM 190345108 48 13000 SH SOLE 13000 COCA-COLA COM 191216100 1350 23071 SH SOLE 23071 COLGATE PALMOLIVE CO COM 194162103 811 10551 SH SOLE 10551 COMMSCOPE COM 203372107 11585 488005 SH SOLE 488005 COMMUNITY BANK SYSTEMS INC COM 203607106 7593 330000 SH SOLE 330000 COMPASS MINERALS INTERNATIONAL COM 20451n101 12642 165000 SH SOLE 165000 COMPLETE PRODUCTION SERVICES COM 20453E109 5521 270000 SH SOLE 270000 CONOCOPHILLIPS COM 20825C104 17378 302597 SH SOLE 302597 CONSOL ENERGY INC COM 20854P109 298 8050 SH SOLE 8050 CONSTELLATION BRANDS INC COM 21036P108 1165 65850 SH SOLE 65850 CORNING INC COM 219350105 4958 271250 SH SOLE 271250 COSTCO WHOLESALE CORP COM 22160K105 206 3200 SH SOLE 3200 COVENTRY HEALTH CARE INC COM 222862104 234 10850 SH SOLE 10850 CRANE CO COM 224399105 15722 414400 SH SOLE 414400 CSX CORP COM 126408103 10434 188617 SH SOLE 188617 CVS CAREMARK CORP COM 126650100 10488 333285 SH SOLE 333285 DARDEN RESTAURANTS INC COM 237194105 4110 96070 SH SOLE 96070 DEERE & CO COM 244199105 3760 53885 SH SOLE 53885 DEVON ENERGY CORP COM 25179M103 7287 112557 SH SOLE 112557 DIAGEO PLC ADR COM 25243Q205 3611 52325 SH SOLE 52325 DIAMOND OFFSHORE DRILLING INC COM 25271C102 568 8375 SH SOLE 8375 DOMINION RESOURCES INC VA COM 25746U109 2683 61455 SH SOLE 61455 DONEGAL GROUP INC CL A COM 257701201 968 74046 SH SOLE 74046 DOVER CORP COM 260003108 449 8600 SH SOLE 8600 DU PONT EI DE NEMOURS COM 263534109 4200 94132 SH SOLE 94132 DUKE ENERGY CO COM 26441c105 5393 304542 SH SOLE 304542 EATON CORP COM 278058102 884 10712 SH SOLE 10712 EL PASO ELECTRIC CO COM 283677854 15195 639000 SH SOLE 639000 ELI LILLY CO COM 532457108 11433 312964 SH SOLE 312964 EMERSON ELECTRIC COM 291011104 7826 148613 SH SOLE 148613 ENERGEN CORP COM 29265N108 2030 44400 SH SOLE 44400 ENERPLUS RESOURCES FUND COM 29274D604 2328 90400 SH SOLE 90400 ENERSYS COM 29275Y102 12710 509000 SH SOLE 509000 ENSCO PLC COM 29358Q109 830 18560 SH SOLE 18560 ENTERGY CORP COM 29364G103 995 13000 SH SOLE 13000 EOG RESOURCES INC COM 26875P101 260 2800 SH SOLE 2800 EXELON CORP COM 30161N101 914 21474 SH SOLE 21474 EXXON MOBIL CORPORATION COM 30231G102 13785 223100 SH SOLE 223100 FAMILY DOLLAR STORES COM 307000109 6004 135950 SH SOLE 135950 FEDEX CORPORATION COM 31428X106 278 3250 SH SOLE 3250 FIRST MIDWEST BANCORP INC COM 320867104 6505 564200 SH SOLE 564200 FIRST NIAGRA FINANCIAL GRP COM 33582v108 6734 578020 SH SOLE 578020 FORD MOTOR COMPANY COM 345370860 8880 725480 SH SOLE 725480 FORTUNE BRANDS INC COM 349631101 350 7100 SH SOLE 7100 FREEPORT-MCMORAN COPPER & GOLD COM 35671D857 12960 151773 SH SOLE 151773 FRONTIER COMMUNICATIONS CO COM 35906A108 304 37227 SH SOLE 37227 GENERAL ELECTRIC COM 369604103 19797 1218262 SH SOLE 1218262 GENERAL MILLS INC COM 370334104 555 15200 SH SOLE 15200 GENUINE PARTS CO COM 372460105 1975 44300 SH SOLE 44300 GLACIER BANCORP INC COM 37637q105 5543 380000 SH SOLE 380000 GLAXOSMITHKLINE PLC ADR COM 37733W105 692 17505 SH SOLE 17505 GOLDCORP INC COM 380956409 285 6550 SH SOLE 6550 GOLDMAN SACHS GROUP COM 38141G104 249 1725 SH SOLE 1725 GRAFTECH INTERNATIONAL LTD COM 384313102 1797 115000 SH SOLE 115000 GRUBB & ELLIS CO COM 400095204 12 10000 SH SOLE 10000 GYMBOREE CORP COM 403777105 10767 259200 SH SOLE 259200 H&R BLOCK INC COM 093671105 454 35092 SH SOLE 35092 HALLIBURTON CO COM 406216101 494 14940 SH SOLE 14940 HARRIS CORP COM 413875105 13456 303813 SH SOLE 303813 HARTFORD FINANCIAL SERVICES GR COM 416515104 1014 44200 SH SOLE 44200 HEINZ HJ CO COM 423074103 469 9900 SH SOLE 9900 HESS CORP COM 42809H107 5442 92055 SH SOLE 92055 HEWLETT-PACKARD CO COM 428236103 13909 330606 SH SOLE 330606 HILLENBRAND INC COM 431571108 344 16014 SH SOLE 16014 HOME DEPOT INC COM 437076102 1494 47154 SH SOLE 47154 HONEYWELL INC COM 438516106 936 21300 SH SOLE 21300 HORMEL FOODS CORP COM 440452100 508 11400 SH SOLE 11400 HSBC HOLDINGS PLC COM 404280406 461 9108 SH SOLE 9108 HSBC HOLDINGS PLC SPONS COM G4634U169 124 12322 SH SOLE 12322 HUBBELL INC CL ""B"" COM 443510201 381 7500 SH SOLE 7500 HUDSON CITY BANCORP INC COM 443683107 11767 959820 SH SOLE 959820 IBERIABANK CORP COM 450828108 6098 122000 SH SOLE 122000 ILLINOIS TOOL WORKS COM 452308109 1388 29516 SH SOLE 29516 INGERSOLL RAND CO COM COM G47791101 255 7150 SH SOLE 7150 INSITUFORM TECHNOLOGIES INC COM 457667103 548 22650 SH SOLE 22650 INT'L BUSINESS MACHINES CORP COM 459200101 19537 145646 SH SOLE 145646 INTEL CORP COM 458140100 696 36231 SH SOLE 36231 INTERACTIVE BROKERS GROUP INC COM 45841N107 7899 459000 SH SOLE 459000 J.M. SMUCKER COM COM 832696405 442 7309 SH SOLE 7309 J.P. MORGAN CHASE & CO. COM 46625H100 10341 271711 SH SOLE 271711 JARDEN CORPORATION COM 471109108 14008 450000 SH SOLE 450000 JOHNSON & JOHNSON COM 478160104 14679 236913 SH SOLE 236913 JOS A BANK CLOTHIERS INC COM 480838101 14675 344400 SH SOLE 344400 KAYNE ANDERSON MLP INVT CO COM 486606106 2777 105900 SH SOLE 105900 KELLOGG CO COM 487836108 384 7600 SH SOLE 7600 KIMBERLY-CLARK CORP COM 494368103 19999 307439 SH SOLE 307439 KINDER MORGAN ENERGY PRTNRS COM 494550106 642 9375 SH SOLE 9375 KINETIC CONCEPTS INC COM 49460W208 11888 325000 SH SOLE 325000 KOHLS CORP WISC PV COM 500255104 7860 149200 SH SOLE 149200 KRAFT FOODS COM 50075N104 532 17251 SH SOLE 17251 L-3 COMMUNICATIONS HLDGS INC COM 502424104 10397 143865 SH SOLE 143865 LABORATORY CORPORATION OF AMER COM 50540R409 1098 14000 SH SOLE 14000 LINCOLN NATIONAL COM 534187109 245 10248 SH SOLE 10248 LOCKHEED MARTIN CORP COM 539830109 1150 16135 SH SOLE 16135 MACY'S INC COM 55616P104 997 43200 SH SOLE 43200 MARATHON OIL CORP COM 565849106 1814 54800 SH SOLE 54800 MASTEC INCORPORATED COM 576323109 9494 920000 SH SOLE 920000 MB FINANCIAL INC COM 55264u108 6199 382200 SH SOLE 382200 MEDCO HEALTH SOLUTIONS INC COM 58405U102 1329 25537 SH SOLE 25537 MEDICIS PHARMACEUTICAL CL A COM 584690309 8895 300000 SH SOLE 300000 MEDTRONIC INC COM 585055106 757 22532 SH SOLE 22532 MERCK & CO INC/NJ COM 58933Y105 4663 126682 SH SOLE 126682 MET PRO CORP COM 590876306 1227 121630 SH SOLE 121630 METLIFE INC COM 59156R108 12593 327526 SH SOLE 327526 MICROSOFT CORP COM 594918104 8541 348774 SH SOLE 348774 MOOG INC COM 615394202 12852 361925 SH SOLE 361925 McCORMICK & CO INC NON VTG COM 579780206 1392 33100 SH SOLE 33100 McDONALDS CORP COM 580135101 10421 139867 SH SOLE 139867 NATIONAL OILWELL VARCO INC COM 637071101 8345 187650 SH SOLE 187650 NATIONAL PENN BANCSHARES COM 637138108 635 101535 SH SOLE 101535 NEW JERSEY RESOURCES COM 646025106 1500 38250 SH SOLE 38250 NEXTERA ENERGY INC COM 65339F101 4498 82698 SH SOLE 82698 NOBLE CORP COM H5833N103 2992 88540 SH SOLE 88540 NORFOLK SOUTHERN CORP COM 655844108 4624 77704 SH SOLE 77704 NORTHERN OIL & GAS INC COM 665531109 3727 220000 SH SOLE 220000 NOVARTIS AG COM 66987v109 231 4000 SH SOLE 4000 NOVO-NORDISK ADR COM 670100205 7511 76300 SH SOLE 76300 NUANCE COMMUNICATIONS INC COM 67020Y100 904 57800 SH SOLE 57800 NYSE EURONEXT COM 629491101 9114 318995 SH SOLE 318995 OCCIDENTAL PETROLEUM CORP COM 674599105 12665 161754 SH SOLE 161754 OMNICOM GROUP INC COM 681919106 498 12620 SH SOLE 12620 ON SEMICONDUCTOR CORPORATION COM 682189105 10424 1445800 SH SOLE 1445800 ORACLE CORPORATION COM 68389X105 16109 599955 SH SOLE 599955 OSHKOSH TRUCK CORP COM 688239201 203 7400 SH SOLE 7400 OWENS ILLINOIS INC COM 690768403 8397 299240 SH SOLE 299240 PARAMETRIC TECH CORP COM 699173209 14948 765000 SH SOLE 765000 PAREXEL INTERNATIONAL COM 699462107 14572 630000 SH SOLE 630000 PARKER-HANNIFIN COM 701094104 2380 33974 SH SOLE 33974 PAYCHEX INC COM 704326107 533 19400 SH SOLE 19400 PENN VIRGINIA CORP COM 707882106 7909 493088 SH SOLE 493088 PEPSICO INC COM 713448108 5078 76429 SH SOLE 76429 PETMED EXPRESS INCORPORATED COM 716382106 7962 455000 SH SOLE 455000 PETROHAWK ENERGY CORPORATION COM 716495106 7168 444110 SH SOLE 444110 PETROLEO BRASILEIRO S.A.-ADR COM 71654V408 1099 30300 SH SOLE 30300 PETROQUEST ENERGY INC COM 716748108 7943 1304190 SH SOLE 1304190 PFIZER INC COM 717081103 3749 218363 SH SOLE 218363 PHILIP MORRIS INTERNATIONAL IN COM 718172109 2042 36450 SH SOLE 36450 PIEDMONT NATURAL GAS COM 720186105 3844 132566 SH SOLE 132566 PITNEY BOWES INC COM 724479100 789 36916 SH SOLE 36916 PNC FINANCIAL SERVICES GROUP COM 693475105 3483 67100 SH SOLE 67100 PORTLAND GENERAL ELECTRIC CO COM 736508847 6591 325000 SH SOLE 325000 POTASH CORP OF SASKATCHEWAN COM 73755L107 1498 10400 SH SOLE 10400 PPG IND INC COM 693506107 14064 193190 SH SOLE 193190 PPL CORP COM 69351T106 4124 151451 SH SOLE 151451 PRAXAIR INC COM 74005P104 811 8985 SH SOLE 8985 PROCTER & GAMBLE COM 742718109 5333 88927 SH SOLE 88927 PRUDENTIAL FINANCIAL COM 744320102 6877 126930 SH SOLE 126930 PUBLIC SERVICE ENTERPRISE INC COM 744573106 760 22968 SH SOLE 22968 QUAKER CHEMICAL COM 747316107 863 26500 SH SOLE 26500 QUEST DIAGNOSTICS COM 74834L100 971 19248 SH SOLE 19248 QUEST SOFTWARE INCORPORATED COM 74834T103 15344 624000 SH SOLE 624000 R R DONNELLEY & SONS CO COM 257867101 1580 93184 SH SOLE 93184 RALCORP HOLDINGS INC COM 751028101 9942 170000 SH SOLE 170000 RAYTHEON COM 755111507 6188 135370 SH SOLE 135370 RF MICRO DEVICES COM 749941100 10757 1752000 SH SOLE 1752000 RGC RESOURCES COM 74955l103 721 23866 SH SOLE 23866 ROYAL DUTCH SHELL PLC COM 780259206 1063 17635 SH SOLE 17635 RPM INC COM 749685103 4629 232378 SH SOLE 232378 RUDDICK CORP COM 781258108 13924 401500 SH SOLE 401500 SCHLUMBERGER LTD COM 806857108 2283 37057 SH SOLE 37057 SCHNITZER STEEL INDUSTRIES COM 806882106 1690 35000 SH SOLE 35000 SELECTIVE INSURANCE COM 816300107 8230 505200 SH SOLE 505200 SHAW GROUP INCORPORATED COM 820280105 13337 397400 SH SOLE 397400 SIGNATURE BANK COM 82669g104 9127 235000 SH SOLE 235000 SILGAN HOLDINGS INC COM 827048109 13251 418000 SH SOLE 418000 SOLERA HOLDINGS INC COM 83421A104 14794 335000 SH SOLE 335000 SOUTHERN CO COM 842587107 318 8550 SH SOLE 8550 SOUTHWEST GAS CORP COM 844895102 15115 450000 SH SOLE 450000 STATE STREET CORP COM 857477103 346 9200 SH SOLE 9200 STERLING BANCSHARES INC/TX COM 858907108 5907 1100000 SH SOLE 1100000 SUN LIFE FINANCIAL COM 866796105 2546 97759 SH SOLE 97759 SUPERIOR ENERGY SERVICES COM 868157108 10276 385000 SH SOLE 385000 SVB FINANCIAL GROUP COM 78486q101 7998 189000 SH SOLE 189000 SYNIVERSE HOLDING INC COM 87163F106 14509 640000 SH SOLE 640000 SYSCO CORP COM 871829107 3601 126275 SH SOLE 126275 TARGET CORP COM 87612E106 7677 143660 SH SOLE 143660 TELEFLEX INC COM 879369106 432 7600 SH SOLE 7600 TEREX CORP COM 880779103 8865 386800 SH SOLE 386800 TEXTRON INC COM COM 883203101 614 29886 SH SOLE 29886 THE MOSAIC CO COM 61945A107 8675 147640 SH SOLE 147640 THE TRAVELERS COMPANIES INC COM 89417e109 3125 59984 SH SOLE 59984 THERMO FISHER SCIENTIFIC INC COM 883556102 11633 242953 SH SOLE 242953 TORCHMARK CORP COM 891027104 9777 183977 SH SOLE 183977 TORONTO-DOMINION BANK COM 891160509 325 4493 SH SOLE 4493 TOTAL SA SPON ADR COM 89151E109 16674 323134 SH SOLE 323134 TRANSOCEAN LTD COM H8817H100 1957 30441 SH SOLE 30441 TYCO ELECTRONICS LTD COM H8912P106 398 13625 SH SOLE 13625 TYCO INTERNATIONAL LTD COM H89128104 15577 424101 SH SOLE 424101 U.S. BANCORP DEL COM 902973304 779 36022 SH SOLE 36022 UGI CORP COM 902681105 4406 153999 SH SOLE 153999 UNION PACIFIC CORP COM 907818108 8018 98020 SH SOLE 98020 UNISOURCE ENERGY CORP COM 909205106 6686 200000 SH SOLE 200000 UNITED BANKSHARES COM 909907107 8736 351000 SH SOLE 351000 UNITED PARCEL SERVICE INC COM 911312106 10447 156655 SH SOLE 156655 UNITED TECHNOLOGIES CORP COM 913017109 3031 42555 SH SOLE 42555 V F CORP COM 918204108 6058 74775 SH SOLE 74775 VALERO ENERGY CORP COM 91913Y100 245 13977 SH SOLE 13977 VERIZON COMMUNICATIONS COM 92343V104 6842 209931 SH SOLE 209931 WALT DISNEY COMPANY COM 254687106 1159 35001 SH SOLE 35001 WASTE MANAGEMENT INC COM 94106L109 12832 359025 SH SOLE 359025 WD-40 CO COM 929236107 2963 77900 SH SOLE 77900 WEBSTER FINANCIAL CORP COM 947890109 7351 418600 SH SOLE 418600 WELLS FARGO & CO COM 949746101 862 34340 SH SOLE 34340 WEST PHARMACEUTICAL SERVICES COM 955306105 10845 316100 SH SOLE 316100 WGL HOLDINGS COM 92924F106 748 19800 SH SOLE 19800 WILMINGTON TRUST CORP COM 971807102 197 21928 SH SOLE 21928 XCEL ENERGY INC COM 98389B100 324 14100 SH SOLE 14100 ISHARES NASDAQ BIOTECH INDX COM 464287556 241 2800 SH SOLE 2800 ISHARES FTSE/XINHUA CHINA COM 464287184 1978 46200 SH SOLE 46200 ISHARES MSCI BRAZIL COM 464286400 219 2850 SH SOLE 2850 ISHARES MSCI EAFE INDEX FD COM 464287465 1174 21385 SH SOLE 21385 ISHARES MSCI EMERGING MKTS IND COM 464287234 6738 150505 SH SOLE 150505 ISHARES MSCI PACIFIC EX JAPAN COM 464286665 452 10200 SH SOLE 10200 VANGUARD EMERGING MARKETS ETF COM 922042858 1907 41950 SH SOLE 41950