Ninety One UK 13F-HR Quarterly holdings report by institutional manager

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 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	Common Stock	88579Y101	22,072	157,373	SH		SOLE	1	157,373	0	0
ABBVIE INC	Common Stock	00287Y109	2,933	55,540	SH		SOLE	1	55,540	0	0
ACCENTURE PLC	Common Stock	G1151C101	18,508	225,102	SH		SOLE	1	225,102	0	0
ACTIVISION BLIZZARD INC	Common Stock	00507V109	196,550	11,023,539	SH		SOLE	1	11,023,539	0	0
ACTUANT CORP	Common Stock	00508X203	61,673	1,683,206	SH		SOLE	1	1,683,206	0	0
ADECOAGRO SA	Common Stock	L00849106	3,471	429,100	SH		SOLE	1	429,100	0	0
AGCO CORP	Common Stock	001084102	14,037	237,158	SH		SOLE	1	237,158	0	0
AGNICO EAGLE MINES LTD	Common Stock	008474108	10,162	385,187	SH		SOLE	1	385,187	0	0
AGRIUM INC	Common Stock	008916108	2,140	23,397	SH		SOLE	1	23,397	0	0
ALLIANCE DATA SYSTEMS CORP	Common Stock	018581108	151,012	574,344	SH		SOLE	1	574,344	0	0
ALLIED WORLD ASSURANCE CO HOLD	Common Stock	H01531104	79,419	704,007	SH		SOLE	1	704,007	0	0
ALTRIA GROUP INC	Common Stock	02209S103	90,419	2,355,273	SH		SOLE	1	2,355,273	0	0
AMERCIAN INT'L GROUP INC	Common Stock	026874784	100,683	1,972,250	SH		SOLE	1	1,972,250	0	0
AMERICAN FINANCIAL GROUP INC/O	Common Stock	025932104	79,397	1,375,551	SH		SOLE	1	1,375,551	0	0
AMERISOURCEBERGEN CORP	Common Stock	03073E105	198,644	2,825,257	SH		SOLE	1	2,825,257	0	0
ANADARKO PETROLEUM CORP	Common Stock	032511107	58,890	742,441	SH		SOLE	1	742,441	0	0
ANGLOGOLD ASHANTI LTD	ADR	035128206	19,094	1,629,197	SH		SOLE	1	1,629,197	0	0
ANHEUSER-BUSCH INBEV NV	ADR	03524A108	90,512	850,200	SH		SOLE	1	850,200	0	0
APPLE INC	Common Stock	037833100	10,514	18,737	SH		SOLE	1	18,737	0	0
ARCHER-DANIELS-MIDLAND CO	Common Stock	039483102	1,420	32,719	SH		SOLE	1	32,719	0	0
ARRIS GROUP INC	Common Stock	04270V106	118,103	4,847,246	SH		SOLE	1	4,847,246	0	0
ATWOOD OCEANICS INC	Common Stock	050095108	56,535	1,058,906	SH		SOLE	1	1,058,906	0	0
AVON PRODUCTS INC	Common Stock	054303102	146,782	8,523,905	SH		SOLE	1	8,523,905	0	0
BAKER HUGHES INC	Common Stock	057224107	105,666	1,912,157	SH		SOLE	1	1,912,157	0	0
BANCO BRADESCO SA	ADR	059460303	1,196	95,464	SH		SOLE	1	95,464	0	0
BANK OF NEW YORK MELLON CORP	Common Stock	064058100	2,543	72,774	SH		SOLE	1	72,774	0	0
BARRICK GOLD CORP	Common Stock	067901108	62,028	3,522,449	SH		SOLE	1	3,522,449	0	0
BAXTER INTERNATIONAL INC	Common Stock	071813109	3,291	47,322	SH		SOLE	1	47,322	0	0
BIG LOTS INC	Common Stock	089302103	74,808	2,316,753	SH		SOLE	1	2,316,753	0	0
BUNGE LTD	Common Stock	G16962105	11,718	142,709	SH		SOLE	1	142,709	0	0
CAMERON INTERNATIONAL CORP	Common Stock	13342B105	84,582	1,420,823	SH		SOLE	1	1,420,823	0	0
CANADIAN NATURAL RESOURCES LTD	Common Stock	136385101	16,945	500,935	SH		SOLE	1	500,935	0	0
CARDINAL HEALTH INC	Common Stock	14149Y108	72,308	1,082,292	SH		SOLE	1	1,082,292	0	0
CARNIVAL CORP	Common Stock	143658300	37,721	939,031	SH		SOLE	1	939,031	0	0
CBS CORP	Common Stock	124857202	248,577	3,899,866	SH		SOLE	1	3,899,866	0	0
CEMENTOS PACASMAYO SAA	ADR	15126Q109	4,474	380,480	SH		SOLE	1	380,480	0	0
CF INDUSTRIES HOLDINGS INC	Common Stock	125269100	19,030	81,661	SH		SOLE	1	81,661	0	0
CHECK POINT SOFTWARE TECHNOLOG	Common Stock	M22465104	118,524	1,837,018	SH		SOLE	1	1,837,018	0	0
CHEVRON CORP	Common Stock	166764100	261,450	2,093,105	SH		SOLE	1	2,093,105	0	0
CIA DE SANEAMENTO BASICO DO ES	ADR	20441A102	92,109	8,122,512	SH		SOLE	1	8,122,512	0	0
CIGNA CORP	Common Stock	125509109	162,794	1,860,925	SH		SOLE	1	1,860,925	0	0
CISCO SYSTEMS INC	Common Stock	17275R102	215,437	9,596,312	SH		SOLE	1	9,596,312	0	0
CITIGROUP INC	Common Stock	172967424	227,803	4,371,574	SH		SOLE	1	4,371,574	0	0
COACH INC	Common Stock	189754104	136,179	2,426,127	SH		SOLE	1	2,426,127	0	0
COCA-COLA CO/THE	Common Stock	191216100	43,376	1,050,015	SH		SOLE	1	1,050,015	0	0
COLGATE-PALMOLIVE CO	Common Stock	194162103	39,631	607,748	SH		SOLE	1	607,748	0	0
COMMERCIAL METALS CO	Common Stock	201723103	971	47,770	SH		SOLE	1	47,770	0	0
CONOCOPHILLIPS	Common Stock	20825C104	75,869	1,073,875	SH		SOLE	1	1,073,875	0	0
COPA HOLDINGS SA	Common Stock	P31076105	2,738	17,100	SH		SOLE	1	17,100	0	0
CORNING INC	Common Stock	219350105	14,245	799,387	SH		SOLE	1	799,387	0	0
CST BRANDS INC	Common Stock	12646R105	67,778	1,845,798	SH		SOLE	1	1,845,798	0	0
CTC MEDIA INC	Common Stock	12642X106	16,761	1,206,297	SH		SOLE	1	1,206,297	0	0
CUMMINS INC	Common Stock	231021106	1,708	12,113	SH		SOLE	1	12,113	0	0
DANAHER CORP	Common Stock	235851102	71,639	927,965	SH		SOLE	1	927,965	0	0
DEERE & CO	Common Stock	244199105	2,028	22,206	SH		SOLE	1	22,206	0	0
DENBURY RESOURCES INC	Common Stock	247916208	1,215	73,922	SH		SOLE	1	73,922	0	0
DOW CHEMICAL CO/THE	Common Stock	260543103	3,548	79,910	SH		SOLE	1	79,910	0	0
DST SYSTEMS INC	Common Stock	233326107	28,480	313,869	SH		SOLE	1	313,869	0	0
DUN & BRADSTREET CORP/THE	Common Stock	264831250	144,097	1,173,905	SH		SOLE	1	1,173,905	0	0
EASTMAN CHEMICAL CO	Common Stock	277432100	2,415	29,926	SH		SOLE	1	29,926	0	0
ECOPETROL SA	ADR	279158109	500	13,000	SH		SOLE	1	13,000	0	0
EI DU PONT DE NEMOURS & CO	Common Stock	263534109	5,134	79,021	SH		SOLE	1	79,021	0	0
ELDORADO GOLD CORP	Common Stock	284902103	11,340	1,998,106	SH		SOLE	1	1,998,106	0	0
EMC CORP/MA	Common Stock	268648102	129,872	5,163,915	SH		SOLE	1	5,163,915	0	0
EMERSON ELECTRIC CO	Common Stock	291011104	177,058	2,522,912	SH		SOLE	1	2,522,912	0	0
EMPRESAS ICA SAB DE CV	ADR	292448206	1,333	157,800	SH		SOLE	1	157,800	0	0
ENERSIS SA	ADR	29274F104	12,220	815,200	SH		SOLE	1	815,200	0	0
ENSCO PLC	Common Stock	G3157S106	87,524	1,530,682	SH		SOLE	1	1,530,682	0	0
EXPEDIA INC	Common Stock	30212P303	5,226	75,018	SH		SOLE	1	75,018	0	0
EXXON MOBIL CORP	Common Stock	30231G102	59,120	584,187	SH		SOLE	1	584,187	0	0
FIDELITY NATIONAL INFORMATION	Common Stock	31620M106	3,877	72,218	SH		SOLE	1	72,218	0	0
FIFTH THIRD BANCORP	Common Stock	316773100	3,740	177,844	SH		SOLE	1	177,844	0	0
FISERV INC	Common Stock	337738108	205,056	3,472,575	SH		SOLE	1	3,472,575	0	0
FRANCO-NEVADA CORP	Common Stock	351858105	26,812	658,067	SH		SOLE	1	658,067	0	0
GENERAL ELECTRIC CO	Common Stock	369604103	5,985	213,504	SH		SOLE	1	213,504	0	0
GOLD FIELDS	ADR	38059T106	12,775	3,992,303	SH		SOLE	1	3,992,303	0	0
GOLDCORP INC	Common Stock	380956409	26,109	1,204,831	SH		SOLE	1	1,204,831	0	0
GOLDMAN SACHS GROUP INC/THE	Common Stock	38141G104	227,691	1,284,501	SH		SOLE	1	1,284,501	0	0
GOOGLE INC	Common Stock	38259P508	99,752	89,008	SH		SOLE	1	89,008	0	0
GRANA Y MONTERO SA	ADR	38500P208	486	22,898	SH		SOLE	1	22,898	0	0
GRUPO AEROPORTUARIO DEL SUREST	ADR	40051E202	8,298	66,585	SH		SOLE	1	66,585	0	0
HELMERICH & PAYNE INC	Common Stock	423452101	122,979	1,462,645	SH		SOLE	1	1,462,645	0	0
HEWLETT-PACKARD CO	Common Stock	428236103	137,737	4,922,705	SH		SOLE	1	4,922,705	0	0
HYPERDYNAMICS CORP	Common Stock	448954206	194	47,655	SH		SOLE	1	47,655	0	0
ICICI BANK LTD	ADR	45104G104	23,507	632,412	SH		SOLE	1	632,412	0	0
IDEX CORP	Common Stock	45167R104	88,237	1,194,811	SH		SOLE	1	1,194,811	0	0
ILLINOIS TOOL WORKS INC	Common Stock	452308109	3,584	42,622	SH		SOLE	1	42,622	0	0
IMPERIAL OIL LTD	Common Stock	453038408	16,483	372,300	SH		SOLE	1	372,300	0	0
INTEL CORP	Common Stock	458140100	21,095	812,593	SH		SOLE	1	812,593	0	0
INTERNATIONAL BUSINESS MACHINE	Common Stock	459200101	141,754	755,737	SH		SOLE	1	755,737	0	0
INTERNATIONAL SPEEDWAY CORP	Common Stock	460335201	26,954	759,468	SH		SOLE	1	759,468	0	0
INTERPUBLIC GROUP OF COS INC/T	Common Stock	460690100	22,358	1,263,156	SH		SOLE	1	1,263,156	0	0
IPATH MSCI INDIA INDEX ETN	ETP	06739F291	12,677	222,483	SH		SOLE	1	222,483	0	0
ISHARES IBOXX $ INVESTMENT GRA	ETP	464287242	27,981	245,000	SH		SOLE	1	245,000	0	0
ISHARES MSCI JAPAN ETF	ETP	464286848	2,170	178,888	SH		SOLE	1	178,888	0	0
ISHARES RUSSELL 2000 ETF	ETP	464287655	557	4,830	SH		SOLE	1	4,830	0	0
ITAU UNIBANCO HOLDING SA	ADR	465562106	191,700	14,126,778	SH		SOLE	1	14,126,778	0	0
JAZZ PHARMACEUTICALS PLC	Common Stock	G50871105	29,952	236,659	SH		SOLE	1	236,659	0	0
JC PENNEY CO INC	Common Stock	708160106	5,366	586,405	SH		SOLE	1	586,405	0	0
JOHNSON & JOHNSON	Common Stock	478160104	147,305	1,608,307	SH		SOLE	1	1,608,307	0	0
JPMORGAN CHASE & CO	Common Stock	46625H100	303,521	5,190,166	SH		SOLE	1	5,190,166	0	0
KELLOGG CO	Common Stock	487836108	2,257	36,960	SH		SOLE	1	36,960	0	0
KEYCORP	Common Stock	493267108	174,146	12,976,579	SH		SOLE	1	12,976,579	0	0
KIMBERLY-CLARK CORP	Common Stock	494368103	13,343	127,729	SH		SOLE	1	127,729	0	0
KINROSS GOLD CORP	Common Stock	496902404	37,268	8,513,207	SH		SOLE	1	8,513,207	0	0
KLA-TENCOR CORP	Common Stock	482480100	2,385	37,007	SH		SOLE	1	37,007	0	0
LINCOLN NATIONAL CORP	Common Stock	534187109	168,742	3,268,934	SH		SOLE	1	3,268,934	0	0
LYONDELLBASELL INDUSTRIES NV	Common Stock	N53745100	183,150	2,281,391	SH		SOLE	1	2,281,391	0	0
MACY'S INC	Common Stock	55616P104	173,158	3,242,662	SH		SOLE	1	3,242,662	0	0
MARATHON OIL CORP	Common Stock	565849106	86,093	2,438,895	SH		SOLE	1	2,438,895	0	0
MARATHON PETROLEUM CORP	Common Stock	56585A102	159,218	1,735,721	SH		SOLE	1	1,735,721	0	0
MARKET VECTORS GOLD MINERS ETF	ETP	57060U100	9,453	447,566	SH		SOLE	1	447,566	0	0
MARSH & MCLENNAN COS INC	Common Stock	571748102	2,793	57,749	SH		SOLE	1	57,749	0	0
MATTEL INC	Common Stock	577081102	5,526	116,140	SH		SOLE	1	116,140	0	0
MCGRAW HILL FINANCIAL INC	Common Stock	580645109	3,722	47,600	SH		SOLE	1	47,600	0	0
MDC HOLDINGS INC	Common Stock	552676108	29,629	919,018	SH		SOLE	1	919,018	0	0
MEDTRONIC INC	Common Stock	585055106	33,570	584,948	SH		SOLE	1	584,948	0	0
MERCK & CO INC	Common Stock	58933Y105	25,235	504,194	SH		SOLE	1	504,194	0	0
METLIFE INC	Common Stock	59156R108	240,775	4,465,412	SH		SOLE	1	4,465,412	0	0
MICROSOFT CORP	Common Stock	594918104	345,652	9,234,627	SH		SOLE	1	9,234,627	0	0
MOLSON COORS BREWING CO	Common Stock	60871R209	177,406	3,159,506	SH		SOLE	1	3,159,506	0	0
MONDELEZ INTERNATIONAL INC	Common Stock	609207105	16,133	457,033	SH		SOLE	1	457,033	0	0
MONSANTO CO	Common Stock	61166W101	373	3,198	SH		SOLE	1	3,198	0	0
MOODY'S CORP	Common Stock	615369105	226,879	2,891,288	SH		SOLE	1	2,891,288	0	0
MOTOROLA SOLUTIONS INC	Common Stock	620076307	9,694	143,620	SH		SOLE	1	143,620	0	0
MYLAN INC/PA	Common Stock	628530107	213,829	4,926,944	SH		SOLE	1	4,926,944	0	0
NATIONAL OILWELL VARCO INC	Common Stock	637071101	28,556	359,063	SH		SOLE	1	359,063	0	0
NETEASE INC	ADR	64110W102	75,249	957,371	SH		SOLE	1	957,371	0	0
NEVSUN RESOURCES LTD	Common Stock	64156L101	11,859	3,569,417	SH		SOLE	1	3,569,417	0	0
NEW GOLD INC	Common Stock	644535106	6,793	1,298,061	SH		SOLE	1	1,298,061	0	0
NEW YORK TIMES CO/THE	Common Stock	650111107	13,323	839,500	SH		SOLE	1	839,500	0	0
NEWMONT MINING CORP	Common Stock	651639106	42,827	1,859,617	SH		SOLE	1	1,859,617	0	0
NIKE INC	Common Stock	654106103	13,884	176,555	SH		SOLE	1	176,555	0	0
NOBLE ENERGY INC	Common Stock	655044105	117,240	1,721,332	SH		SOLE	1	1,721,332	0	0
NORTHERN TRUST CORP	Common Stock	665859104	19,196	310,160	SH		SOLE	1	310,160	0	0
NORTHROP GRUMMAN CORP	Common Stock	666807102	24,048	209,823	SH		SOLE	1	209,823	0	0
NRG ENERGY INC	Common Stock	629377508	75,828	2,640,253	SH		SOLE	1	2,640,253	0	0
NU SKIN ENTERPRISES INC	Common Stock	67018T105	76,824	555,810	SH		SOLE	1	555,810	0	0
NXP SEMICONDUCTOR NV	Common Stock	N6596X109	224,465	4,887,100	SH		SOLE	1	4,887,100	0	0
OCCIDENTAL PETROLEUM CORP	Common Stock	674599105	208,300	2,190,326	SH		SOLE	1	2,190,326	0	0
ON SEMICONDUCTOR CORP	Common Stock	682189105	123,110	14,940,548	SH		SOLE	1	14,940,548	0	0
PATTERSON-UTI ENERGY INC	Common Stock	703481101	37,357	1,475,412	SH		SOLE	1	1,475,412	0	0
PEPSICO INC	Common Stock	713448108	62,560	754,286	SH		SOLE	1	754,286	0	0
PETROLEO BRASILEIRO SA	ADR	71654V101	74,834	5,094,188	SH		SOLE	1	5,094,188	0	0
PFIZER INC	Common Stock	717081103	435,623	14,222,090	SH		SOLE	1	14,222,090	0	0
PHILIP MORRIS INTERNATIONAL IN	Common Stock	718172109	103,838	1,191,756	SH		SOLE	1	1,191,756	0	0
PLATINUM GROUP METALS LTD	Common Stock	72765Q205	15,381	12,868,194	SH		SOLE	1	12,868,194	0	0
POTASH CORP OF SASKATCHEWAN IN	Common Stock	73755L107	1,048	234,600	SH		SOLE	1	31,798	0	0
PPG INDUSTRIES INC	Common Stock	693506107	2,660	14,024	SH		SOLE	1	14,024	0	0
PRECISION CASTPARTS CORP	Common Stock	740189105	88,380	328,183	SH		SOLE	1	328,183	0	0
PRICELINE.COM INC	Common Stock	741503403	36,301	31,229	SH		SOLE	1	31,229	0	0
PROCTER & GAMBLE CO/THE	Common Stock	742718109	37,860	465,053	SH		SOLE	1	465,053	0	0
QEP RESOURCES INC	Common Stock	74733V100	55,785	1,820,078	SH		SOLE	1	1,820,078	0	0
QUALCOMM INC	Common Stock	747525103	13,633	183,610	SH		SOLE	1	183,610	0	0
REYNOLDS AMERICAN INC	Common Stock	761713106	5,017	100,365	SH		SOLE	1	100,365	0	0
ROCKWELL AUTOMATION INC	Common Stock	773903109	2,326	19,686	SH		SOLE	1	19,686	0	0
SCHLUMBERGER LTD	Common Stock	806857108	30,332	336,606	SH		SOLE	1	336,606	0	0
SEAGATE TECHNOLOGY PLC	Common Stock	G7945M107	73,165	1,302,798	SH		SOLE	1	1,302,798	0	0
SHAW COMMUNICATIONS INC	Common Stock	82028K200	4,476	183,979	SH		SOLE	1	183,979	0	0
SIGNET JEWELERS LTD	Common Stock	G81276100	347,105	4,398,155	SH		SOLE	1	4,398,155	0	0
SILVER WHEATON CORP	Common Stock	828336107	3,974	196,854	SH		SOLE	1	196,854	0	0
SK TELECOM CO LTD	ADR	78440P108	2,517	102,240	SH		SOLE	1	102,240	0	0
SKYLINE CORP	Common Stock	830830105	745	144,620	SH		SOLE	1	144,620	0	0
SM ENERGY CO	Common Stock	78454L100	12,977	156,137	SH		SOLE	1	156,137	0	0
SOUTHWEST AIRLINES CO	Common Stock	844741108	156,462	8,304,803	SH		SOLE	1	8,304,803	0	0
SPDR S&P EMERGING EUROPE ETF	ETP	78463X608	7,450	186,334	SH		SOLE	1	186,334	0	0
ST JUDE MEDICAL INC	Common Stock	790849103	166,434	2,686,589	SH		SOLE	1	2,686,589	0	0
STAPLES INC	Common Stock	855030102	78,782	4,957,976	SH		SOLE	1	4,957,976	0	0
SUNCOR ENERGY INC	Common Stock	867224107	109,724	3,130,543	SH		SOLE	1	3,130,543	0	0
SYMANTEC CORP	Common Stock	871503108	3,129	132,695	SH		SOLE	1	132,695	0	0
TAIWAN SEMICONDUCTOR MANUFACTU	ADR	874039100	75,527	4,330,689	SH		SOLE	1	4,330,689	0	0
TATA MOTORS LTD	ADR	876568502	26,612	864,021	SH		SOLE	1	864,021	0	0
TECHNOLOGY SELECT SECTOR SPDR	ETP	81369Y803	235	6,581	SH		SOLE	1	6,581	0	0
TELEFONICA BRASIL SA	ADR	87936R106	60,807	3,163,745	SH		SOLE	1	3,163,745	0	0
TENARIS SA	ADR	88031M109	20,687	473,500	SH		SOLE	1	473,500	0	0
TERNIUM SA	ADR	880890108	25,769	823,300	SH		SOLE	1	823,300	0	0
TEVA PHARMACEUTICAL INDUSTRIES	ADR	881624209	25,986	648,362	SH		SOLE	1	648,362	0	0
THERMO FISHER SCIENTIFIC INC	Common Stock	883556102	159,133	1,429,125	SH		SOLE	1	1,429,125	0	0
TIME WARNER INC	Common Stock	887317303	3,909	56,065	SH		SOLE	1	56,065	0	0
TOWERS WATSON & CO	Common Stock	891894107	79,130	620,096	SH		SOLE	1	620,096	0	0
TUPPERWARE BRANDS CORP	Common Stock	899896104	130,960	1,385,378	SH		SOLE	1	1,385,378	0	0
TYSON FOODS INC	Common Stock	902494103	19,112	571,194	SH		SOLE	1	571,194	0	0
UNION PACIFIC CORP	Common Stock	907818108	37,938	225,820	SH		SOLE	1	225,820	0	0
UNITED TECHNOLOGIES CORP	Common Stock	913017109	106,018	931,618	SH		SOLE	1	931,618	0	0
UNITEDHEALTH GROUP INC	Common Stock	91324P102	146,258	1,942,342	SH		SOLE	1	1,942,342	0	0
VALE SA	ADR	919122561	1,196	78,449	SH		SOLE	1	78,449	0	0
VALEANT PHARMACEUTICALS INTERN	Common Stock	91911K102	207,841	1,770,366	SH		SOLE	1	1,770,366	0	0
VALERO ENERGY CORP	Common Stock	91913Y100	298,170	5,916,062	SH		SOLE	1	5,916,062	0	0
VALIDUS HOLDINGS LTD	Common Stock	G9319H102	63,574	1,577,906	SH		SOLE	1	1,577,906	0	0
VALUECLICK INC	Common Stock	92046N102	84,453	3,613,739	SH		SOLE	1	3,613,739	0	0
VERIZON COMMUNICATIONS INC	Common Stock	92343V104	138,983	2,828,305	SH		SOLE	1	2,828,305	0	0
VF CORP	Common Stock	918204108	98,352	1,577,675	SH		SOLE	1	1,577,675	0	0
VIACOM INC	Common Stock	92553P201	3,644	41,725	SH		SOLE	1	41,725	0	0
VISTEON CORP	Common Stock	92839U206	87,512	1,068,659	SH		SOLE	1	1,068,659	0	0
WAL-MART STORES INC	Common Stock	931142103	30,042	381,781	SH		SOLE	1	381,781	0	0
WASHINGTON FEDERAL INC	Common Stock	938824109	46,742	2,006,966	SH		SOLE	1	2,006,966	0	0
WEATHERFORD INTERNATIONAL LTD/	Common Stock	H27013103	1,945	125,570	SH		SOLE	1	125,570	0	0
WELLPOINT INC	Common Stock	94973V107	52,962	573,246	SH		SOLE	1	573,246	0	0
WELLS FARGO & CO	Common Stock	949746101	12,782	281,537	SH		SOLE	1	281,537	0	0
WHITING PETROLEUM CORP	Common Stock	966387102	120,142	1,941,851	SH		SOLE	1	1,941,851	0	0
WOLVERINE WORLD WIDE INC	Common Stock	978097103	62,824	1,849,927	SH		SOLE	1	1,849,927	0	0
WUXI PHARMATECH CAYMAN INC	ADR	929352102	39,757	1,035,886	SH		SOLE	1	1,035,886	0	0
YAMANA GOLD INC	Common Stock	98462Y100	13,628	1,580,783	SH		SOLE	1	1,580,783	0	0
YUM! BRANDS INC	Common Stock	988498101	46,459	614,452	SH		SOLE	1	614,452	0	0
ZIMMER HOLDINGS INC	Common Stock	98956P102	190,036	2,039,228	SH		SOLE	1	2,039,228	0	0