Parkwood (PKW) 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

OMB APPROVAL

OMB Number:		3235-0006
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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
AARON'S INC	COMMON STOCK	002535300	189	6,434	SH		SOLE		6,434	0	0
APPLE INC	COMMON STOCK	037833100	189	337	SH		SOLE		337	0	0
ATLAS AIR WORLDWIDE HOLDINGS	COMMON STOCK	049164205	112	2,726	SH		SOLE		2,726	0	0
ABBVIE INC	COMMON STOCK	00287Y109	391	7,410	SH		SOLE		7,410	0	0
AMERISOURCEBERGEN CORP	COMMON STOCK	03073E105	274	3,897	SH		SOLE		3,897	0	0
AMERICAN CAPITAL LTD	COMMON STOCK	02503Y103	107	6,862	SH		SOLE		6,862	0	0
AMERICAN CAMPUS COMMUNITIES	REIT	024835100	181	5,620	SH		SOLE		5,620	0	0
ARCH CAPITAL GROUP LTD	COMMON STOCK	021939862	194	3,248	SH		SOLE		3,248	0	0
ARCH COAL INC	COMMON STOCK	039380100	109	24,484	SH		SOLE		24,484	0	0
ACTAVIS PLC	COMMON STOCK	097252718	343	2,042	SH		SOLE		2,042	0	0
ADOBE SYSTEMS INC	COMMON STOCK	00724F101	705	11,769	SH		SOLE		11,769	0	0
ARCHER-DANIELS-MIDLAND CO	COMMON STOCK	039483102	144	3,319	SH		SOLE		3,319	0	0
AUTOMATIC DATA PROCESSING	COMMON STOCK	053015103	207	2,568	SH		SOLE		2,568	0	0
AMERICAN ELECTRIC POWER	COMMON STOCK	025537101	186	3,983	SH		SOLE		3,983	0	0
AETNA INC	COMMON STOCK	00817Y108	136	1,987	SH		SOLE		1,987	0	0
ASTORIA FINANCIAL CORP	COMMON STOCK	046265104	103	7,466	SH		SOLE		7,466	0	0
AMERICAN FINANCIAL GROUP INC	COMMON STOCK	025932104	106	1,830	SH		SOLE		1,830	0	0
ARGO GROUP INTERNATIONAL	COMMON STOCK	031635977	100	2,158	SH		SOLE		2,158	0	0
AMERICAN CAPITAL AGENCY CORP	REIT	02503X105	278	14,414	SH		SOLE		14,414	0	0
ASSURED GUARANTY LTD	COMMON STOCK	019168328	106	4,491	SH		SOLE		4,491	0	0
ASPEN INSURANCE HOLDINGS LTD	COMMON STOCK	018228122	295	7,131	SH		SOLE		7,131	0	0
ASHFORD HOSPITALITY TRUST	REIT	044103109	105	12,629	SH		SOLE		12,629	0	0
AMERICAN INTERNATIONAL GROUP	COMMON STOCK	026874784	490	9,601	SH		SOLE		9,601	0	0
ASSURANT INC	COMMON STOCK	04621X108	25	375	SH		SOLE		375	0	0
APPLIED MATERIALS INC	COMMON STOCK	038222105	112	6,360	SH		SOLE		6,360	0	0
AMERICAN HOMES 4 RENT- A	REIT	02665T306	101	6,216	SH		SOLE		6,216	0	0
AMERIPRISE FINANCIAL INC	COMMON STOCK	03076C106	114	990	SH		SOLE		990	0	0
AMERICA MOVIL-ADR SERIES L	ADR	02364W105	1,063	45,488	SH		SOLE		45,488	0	0
AMAZON.COM INC	COMMON STOCK	023135106	947	2,375	SH		SOLE		2,375	0	0
AMERICAN NATIONAL INSURANCE	COMMON STOCK	028591105	103	900	SH		SOLE		900	0	0
ALLIED NEVADA GOLD CORP	COMMON STOCK	019344100	107	30,239	SH		SOLE		30,239	0	0
ALLIANCE ONE INTERNATIONAL	COMMON STOCK	018772103	106	34,740	SH		SOLE		34,740	0	0
AON PLC	COMMON STOCK	077204849	129	1,543	SH		SOLE		1,543	0	0
ALPHA & OMEGA SEMICONDUCTOR	COMMON STOCK	050579603	108	13,983	SH		SOLE		13,983	0	0
AMPCO-PITTSBURGH CORP	COMMON STOCK	032037103	98	5,028	SH		SOLE		5,028	0	0
APACHE CORP	COMMON STOCK	037411105	100	1,168	SH		SOLE		1,168	0	0
AIR PRODUCTS & CHEMICALS INC	COMMON STOCK	009158106	560	5,010	SH		SOLE		5,010	0	0
ARES CAPITAL CORP	COMMON STOCK	04010L103	291	16,386	SH		SOLE		16,386	0	0
APPROACH RESOURCES INC	COMMON STOCK	03834A103	100	5,183	SH		SOLE		5,183	0	0
AMERICAN RESIDENTIAL PROPERT	REIT	02927E303	103	6,008	SH		SOLE		6,008	0	0
ASHLAND INC	COMMON STOCK	044209104	553	5,694	SH		SOLE		5,694	0	0
ASCENA RETAIL GROUP INC	COMMON STOCK	04351G101	195	9,221	SH		SOLE		9,221	0	0
AVALONBAY COMMUNITIES INC	REIT	053484101	201	1,704	SH		SOLE		1,704	0	0
AVX CORP	COMMON STOCK	002444107	161	11,581	SH		SOLE		11,581	0	0
AVERY DENNISON CORP	COMMON STOCK	053611109	25	499	SH		SOLE		499	0	0
HOMEAWAY INC	COMMON STOCK	43739Q100	193	4,711	SH		SOLE		4,711	0	0
ALLIED WORLD ASSURANCE CO	COMMON STOCK	056994866	296	2,626	SH		SOLE		2,626	0	0
AMERICAN WATER WORKS CO INC	COMMON STOCK	030420103	187	4,435	SH		SOLE		4,435	0	0
AMERICAN EXPRESS CO	COMMON STOCK	025816109	507	5,588	SH		SOLE		5,588	0	0
AXIS CAPITAL HOLDINGS LTD	COMMON STOCK	016843849	292	6,135	SH		SOLE		6,135	0	0
ASTRAZENECA PLC-SPONS ADR	ADR	046353108	5,092	85,774	SH		SOLE		85,774	0	0
AUTOZONE INC	COMMON STOCK	053332102	188	394	SH		SOLE		394	0	0
BOEING CO/THE	COMMON STOCK	097023105	516	3,780	SH		SOLE		3,780	0	0
BANK OF AMERICA CORP	COMMON STOCK	060505104	101	6,492	SH		SOLE		6,492	0	0
BANC OF CALIFORNIA INC	COMMON STOCK	05990K106	100	7,470	SH		SOLE		7,470	0	0
BAXTER INTERNATIONAL INC	COMMON STOCK	071813109	193	2,772	SH		SOLE		2,772	0	0
BED BATH & BEYOND INC	COMMON STOCK	075896100	279	3,477	SH		SOLE		3,477	0	0
BEST BUY CO INC	COMMON STOCK	086516101	69	1,722	SH		SOLE		1,722	0	0
CR BARD INC	COMMON STOCK	067383109	241	1,803	SH		SOLE		1,803	0	0
BECTON DICKINSON AND CO	COMMON STOCK	075887109	113	1,025	SH		SOLE		1,025	0	0
BEAM INC	COMMON STOCK	073730103	549	8,061	SH		SOLE		8,061	0	0
BANKFINANCIAL CORP	COMMON STOCK	06643P104	102	11,130	SH		SOLE		11,130	0	0
BUNGE LTD	COMMON STOCK	013317810	187	2,277	SH		SOLE		2,277	0	0
BENCHMARK ELECTRONICS INC	COMMON STOCK	08160H101	105	4,568	SH		SOLE		4,568	0	0
BAKER HUGHES INC	COMMON STOCK	057224107	134	2,428	SH		SOLE		2,428	0	0
SOTHEBY'S	COMMON STOCK	835898107	563	10,581	SH		SOLE		10,581	0	0
BAIDU INC - SPON ADR	ADR	056752108	6,609	37,156	SH		SOLE		37,156	0	0
BIG LOTS INC	COMMON STOCK	089302103	169	5,248	SH		SOLE		5,248	0	0
BIOGEN IDEC INC	COMMON STOCK	09062X103	363	1,299	SH		SOLE		1,299	0	0
PROGRESSIVE WASTE SOLUTIONS	COMMON STOCK	74339G101	532	21,493	SH		SOLE		21,493	0	0
BIO-RAD LABORATORIES-A	COMMON STOCK	090572207	185	1,495	SH		SOLE		1,495	0	0
BROOKDALE SENIOR LIVING INC	COMMON STOCK	112463104	25	916	SH		SOLE		916	0	0
BANK MUTUAL CORP	COMMON STOCK	063750103	104	14,863	SH		SOLE		14,863	0	0
BANKUNITED INC	COMMON STOCK	06652K103	189	5,735	SH		SOLE		5,735	0	0
BLACKROCK INC	COMMON STOCK	09247X101	275	870	SH		SOLE		870	0	0
BANCO LATINOAMERICANO COME-E	COMMON STOCK	013764123	106	3,775	SH		SOLE		3,775	0	0
BRISTOL-MYERS SQUIBB CO	COMMON STOCK	110122108	456	8,585	SH		SOLE		8,585	0	0
BOK FINANCIAL CORPORATION	COMMON STOCK	05561Q201	197	2,967	SH		SOLE		2,967	0	0
POPULAR INC	COMMON STOCK	733174700	105	3,639	SH		SOLE		3,639	0	0
BROADRIDGE FINANCIAL SOLUTIO	COMMON STOCK	11133T103	189	4,788	SH		SOLE		4,788	0	0
BROCADE COMMUNICATIONS SYS	COMMON STOCK	111621306	194	21,895	SH		SOLE		21,895	0	0
BRE PROPERTIES INC	REIT	05564E106	184	3,357	SH		SOLE		3,357	0	0
BERKSHIRE HATHAWAY INC-CL A	COMMON STOCK	084670108	4,270	24	SH		SOLE		24	0	0
BANCO SANTANDER BRASIL-ADS	ADR	05967A107	915	150,000	SH		SOLE		150,000	0	0
BASSETT FURNITURE INDS	COMMON STOCK	070203104	101	6,621	SH		SOLE		6,621	0	0
BOSTON SCIENTIFIC CORP	COMMON STOCK	101137107	84	6,973	SH		SOLE		6,973	0	0
PEABODY ENERGY CORP	COMMON STOCK	704549104	108	5,523	SH		SOLE		5,523	0	0
ANHEUSER-BUSCH INBEV SPN ADR	ADR	03524A108	4,317	40,550	SH		SOLE		40,550	0	0
BORGWARNER INC	COMMON STOCK	099724106	63	1,130	SH		SOLE		1,130	0	0
BOSTON PROPERTIES INC	REIT	101121101	16	164	SH		SOLE		164	0	0
CITIGROUP INC	COMMON STOCK	172967424	103	1,968	SH		SOLE		1,968	0	0
CA INC	COMMON STOCK	12673P105	80	2,364	SH		SOLE		2,364	0	0
CACI INTERNATIONAL INC -CL A	COMMON STOCK	127190304	546	7,453	SH		SOLE		7,453	0	0
CONAGRA FOODS INC	COMMON STOCK	205887102	199	5,894	SH		SOLE		5,894	0	0
CARDINAL HEALTH INC	COMMON STOCK	14149Y108	301	4,505	SH		SOLE		4,505	0	0
CBRE GROUP INC - A	COMMON STOCK	12504L109	26	1,004	SH		SOLE		1,004	0	0
CRACKER BARREL OLD COUNTRY	COMMON STOCK	22410J106	542	4,925	SH		SOLE		4,925	0	0
CBS CORP-CLASS B NON VOTING	COMMON STOCK	124857202	196	3,081	SH		SOLE		3,081	0	0
CAPITAL CITY BANK GROUP INC	COMMON STOCK	139674105	100	8,473	SH		SOLE		8,473	0	0
CROWN CASTLE INTL CORP	REIT	228227104	4,752	64,711	SH		SOLE		64,711	0	0
CLEAR CHANNEL OUTDOOR-CL A	COMMON STOCK	18451C109	190	18,730	SH		SOLE		18,730	0	0
COEUR MINING INC	COMMON STOCK	192108504	104	9,581	SH		SOLE		9,581	0	0
CAREER EDUCATION CORP	COMMON STOCK	141665109	122	21,316	SH		SOLE		21,316	0	0
CELGENE CORP	COMMON STOCK	151020104	358	2,116	SH		SOLE		2,116	0	0
CENTURY ALUMINUM COMPANY	COMMON STOCK	156431108	116	11,070	SH		SOLE		11,070	0	0
CERNER CORP	COMMON STOCK	156782104	104	1,863	SH		SOLE		1,863	0	0
CAPITOL FEDERAL FINANCIAL IN	COMMON STOCK	14057J101	102	8,429	SH		SOLE		8,429	0	0
CULLEN/FROST BANKERS INC	COMMON STOCK	229899109	190	2,550	SH		SOLE		2,550	0	0
CHURCH & DWIGHT CO INC	COMMON STOCK	171340102	187	2,816	SH		SOLE		2,816	0	0
CHARTER FINANCIAL CORP	COMMON STOCK	16122W108	102	9,453	SH		SOLE		9,453	0	0
CHESAPEAKE ENERGY CORP	COMMON STOCK	165167107	92	3,394	SH		SOLE		3,394	0	0
CHICO'S FAS INC	COMMON STOCK	168615102	549	29,165	SH		SOLE		29,165	0	0
CHARTER COMMUNICATION-A	COMMON STOCK	16117M305	4,384	32,056	SH		SOLE		32,056	0	0
CIGNA CORP	COMMON STOCK	125509109	129	1,474	SH		SOLE		1,474	0	0
BANCOLOMBIA S.A.-SPONS ADR	ADR	05968L102	915	18,661	SH		SOLE		18,661	0	0
CHIMERA INVESTMENT CORP	REIT	16934Q109	183	58,993	SH		SOLE		58,993	0	0
CIT GROUP INC	COMMON STOCK	125581801	105	2,011	SH		SOLE		2,011	0	0
CLOUD PEAK ENERGY INC	COMMON STOCK	18911Q102	102	5,675	SH		SOLE		5,675	0	0
CLIFFS NATURAL RESOURCES INC	COMMON STOCK	18683K101	110	4,205	SH		SOLE		4,205	0	0
MACK-CALI REALTY CORP	REIT	554489104	289	13,433	SH		SOLE		13,433	0	0
CALAMOS ASSET MANAGEMENT-A	COMMON STOCK	12811R104	109	9,202	SH		SOLE		9,202	0	0
COLONY FINANCIAL INC	REIT	19624R106	102	5,045	SH		SOLE		5,045	0	0
CLOROX COMPANY	COMMON STOCK	189054109	186	2,005	SH		SOLE		2,005	0	0
COMERICA INC	COMMON STOCK	200340107	45	941	SH		SOLE		941	0	0
CME GROUP INC	COMMON STOCK	12572Q105	135	1,720	SH		SOLE		1,720	0	0
CHIPOTLE MEXICAN GRILL INC	COMMON STOCK	169656105	85	160	SH		SOLE		160	0	0
COMPASS MINERALS INTERNATION	COMMON STOCK	20451N101	195	2,439	SH		SOLE		2,439	0	0
CMS ENERGY CORP	COMMON STOCK	125896100	187	6,972	SH		SOLE		6,972	0	0
CNA FINANCIAL CORP	COMMON STOCK	126117100	104	2,419	SH		SOLE		2,419	0	0
CENTURY BANCORP INC -CL A	COMMON STOCK	156432106	103	3,112	SH		SOLE		3,112	0	0
CORONADO BIOSCIENCES INC	COMMON STOCK	21976U109	149	56,722	SH		SOLE		56,722	0	0
COACH INC	COMMON STOCK	189754104	187	3,324	SH		SOLE		3,324	0	0
COSTCO WHOLESALE CORP	COMMON STOCK	22160K105	186	1,563	SH		SOLE		1,563	0	0
COWEN GROUP INC-CLASS A	COMMON STOCK	223622101	103	26,292	SH		SOLE		26,292	0	0
CALLON PETROLEUM CO	COMMON STOCK	13123X102	109	16,678	SH		SOLE		16,678	0	0
CALPINE CORP	COMMON STOCK	131347304	190	9,729	SH		SOLE		9,729	0	0
CAMDEN PROPERTY TRUST	REIT	133131102	180	3,172	SH		SOLE		3,172	0	0
COMPUWARE CORP	COMMON STOCK	205638109	698	62,278	SH		SOLE		62,278	0	0
CARTER'S INC	COMMON STOCK	146229109	187	2,610	SH		SOLE		2,610	0	0
COMSTOCK RESOURCES INC	COMMON STOCK	205768203	0	25	SH		SOLE		25	0	0
CAPITALSOURCE INC	COMMON STOCK	14055X102	186	12,918	SH		SOLE		12,918	0	0
CSS INDUSTRIES INC	COMMON STOCK	125906107	107	3,743	SH		SOLE		3,743	0	0
CAPITAL SENIOR LIVING CORP	COMMON STOCK	140475104	26	1,103	SH		SOLE		1,103	0	0
CAPITAL SOUTHWEST CORP	COMMON STOCK	140501107	104	2,983	SH		SOLE		2,983	0	0
CSX CORP	COMMON STOCK	126408103	147	5,102	SH		SOLE		5,102	0	0
CTRIP.COM INTERNATIONAL-ADR	ADR	22943F100	921	18,571	SH		SOLE		18,571	0	0
COGNIZANT TECH SOLUTIONS-A	COMMON STOCK	192446102	6,685	66,206	SH		SOLE		66,206	0	0
CITRIX SYSTEMS INC	COMMON STOCK	177376100	198	3,127	SH		SOLE		3,127	0	0
CUSTOMERS BANCORP INC	COMMON STOCK	23204G100	107	5,220	SH		SOLE		5,220	0	0
COVANTA HOLDING CORP	COMMON STOCK	22282E102	190	10,718	SH		SOLE		10,718	0	0
COMMONWEALTH REIT	REIT	203233101	104	4,466	SH		SOLE		4,466	0	0
CYS INVESTMENTS INC	REIT	12673A108	101	13,583	SH		SOLE		13,583	0	0
DOMINION RESOURCES INC/VA	COMMON STOCK	25746U109	188	2,907	SH		SOLE		2,907	0	0
DELTA AIR LINES INC	COMMON STOCK	247361702	127	4,608	SH		SOLE		4,608	0	0
DEERE & CO	COMMON STOCK	244199105	190	2,081	SH		SOLE		2,081	0	0
DISCOVER FINANCIAL SERVICES	COMMON STOCK	254709108	136	2,437	SH		SOLE		2,437	0	0
DOLLAR GENERAL CORP	COMMON STOCK	256677105	4,656	77,189	SH		SOLE		77,189	0	0
DONEGAL GROUP INC-CL A	COMMON STOCK	257701201	103	6,458	SH		SOLE		6,458	0	0
QUEST DIAGNOSTICS INC	COMMON STOCK	74834L100	186	3,474	SH		SOLE		3,474	0	0
WALT DISNEY CO/THE	COMMON STOCK	254687106	5,865	76,764	SH		SOLE		76,764	0	0
DELPHI AUTOMOTIVE PLC	COMMON STOCK	071313689	93	1,543	SH		SOLE		1,543	0	0
DIGITAL REALTY TRUST INC	REIT	253868103	197	4,014	SH		SOLE		4,014	0	0
DUN & BRADSTREET CORP	COMMON STOCK	26483E100	24	198	SH		SOLE		198	0	0
DUNKIN' BRANDS GROUP INC	COMMON STOCK	265504100	190	3,932	SH		SOLE		3,932	0	0
DOVER CORP	COMMON STOCK	260003108	83	863	SH		SOLE		863	0	0
AMDOCS LTD	COMMON STOCK	010510864	188	4,552	SH		SOLE		4,552	0	0
DR PEPPER SNAPPLE GROUP INC	COMMON STOCK	26138E109	187	3,842	SH		SOLE		3,842	0	0
DSW INC-CLASS A	COMMON STOCK	23334L102	190	4,436	SH		SOLE		4,436	0	0
DTE ENERGY COMPANY	COMMON STOCK	233331107	188	2,833	SH		SOLE		2,833	0	0
DUKE ENERGY CORP	COMMON STOCK	26441C204	185	2,685	SH		SOLE		2,685	0	0
DAVITA HEALTHCARE PARTNERS I	COMMON STOCK	23918K108	191	3,009	SH		SOLE		3,009	0	0
CAL DIVE INTERNATIONAL INC	COMMON STOCK	12802T101	119	59,408	SH		SOLE		59,408	0	0
DREAMWORKS ANIMATION SKG-A	COMMON STOCK	26153C103	194	5,451	SH		SOLE		5,451	0	0
DAWSON GEOPHYSICAL CO	COMMON STOCK	239359102	107	3,172	SH		SOLE		3,172	0	0
DYNEGY INC	COMMON STOCK	26817R108	105	4,896	SH		SOLE		4,896	0	0
ELECTRONIC ARTS INC	COMMON STOCK	285512109	36	1,580	SH		SOLE		1,580	0	0
ECOLAB INC	COMMON STOCK	278865100	169	1,621	SH		SOLE		1,621	0	0
CONSOLIDATED EDISON INC	COMMON STOCK	209115104	185	3,350	SH		SOLE		3,350	0	0
ISHARES MSCI EMERGING MARKET	ETP	464287234	25,763	616,402	SH		SOLE		616,402	0	0
EDISON INTERNATIONAL	COMMON STOCK	281020107	187	4,043	SH		SOLE		4,043	0	0
EQUITY LIFESTYLE PROPERTIES	REIT	29472R108	186	5,126	SH		SOLE		5,126	0	0
EMC CORP/MA	COMMON STOCK	268648102	197	7,846	SH		SOLE		7,846	0	0
EMC INS GROUP INC	COMMON STOCK	268664109	101	3,291	SH		SOLE		3,291	0	0
ENDO HEALTH SOLUTIONS INC	COMMON STOCK	29264F205	190	2,820	SH		SOLE		2,820	0	0
ENDURANCE SPECIALTY HOLDINGS	COMMON STOCK	016404934	297	5,066	SH		SOLE		5,066	0	0
ENTERPRISE PRODUCTS PARTNERS	MLP	293792107	1,888	28,471	SH		SOLE		28,471	0	0
EQUITY RESIDENTIAL	REIT	29476L107	202	3,889	SH		SOLE		3,889	0	0
EQT CORP	COMMON STOCK	26884L109	68	757	SH		SOLE		757	0	0
ERIE INDEMNITY COMPANY-CL A	COMMON STOCK	29530P102	188	2,568	SH		SOLE		2,568	0	0
EMERITUS CORP	COMMON STOCK	291005106	26	1,194	SH		SOLE		1,194	0	0
EXPRESS SCRIPTS HOLDING CO	COMMON STOCK	30219G108	191	2,724	SH		SOLE		2,724	0	0
ENERGY TRANSFER EQUITY LP	MLP	29273V100	2,092	25,594	SH		SOLE		25,594	0	0
E*TRADE FINANCIAL CORP	COMMON STOCK	269246401	28	1,421	SH		SOLE		1,421	0	0
ENTERGY CORP	COMMON STOCK	29364G103	292	4,613	SH		SOLE		4,613	0	0
EDWARDS LIFESCIENCES CORP	COMMON STOCK	28176E108	193	2,929	SH		SOLE		2,929	0	0
ISHARES MSCI ITALY CAPPED ET	ETP	464286855	1,078	69,125	SH		SOLE		69,125	0	0
EXELON CORP	COMMON STOCK	30161N101	183	6,689	SH		SOLE		6,689	0	0
EZCORP INC-CL A	COMMON STOCK	302301106	115	9,843	SH		SOLE		9,843	0	0
FACEBOOK INC-A	COMMON STOCK	30303M102	4,963	90,813	SH		SOLE		90,813	0	0
FLAGSTAR BANCORP INC	COMMON STOCK	337930705	111	5,654	SH		SOLE		5,654	0	0
FIRST CONNECTICUT BANCORP	COMMON STOCK	319850103	105	6,540	SH		SOLE		6,540	0	0
FIRST BANCORP PUERTO RICO	COMMON STOCK	318672706	113	18,288	SH		SOLE		18,288	0	0
FBR & CO	COMMON STOCK	30247C400	90	3,397	SH		SOLE		3,397	0	0
FIRST CITIZENS BCSHS -CL A	COMMON STOCK	31946M103	102	458	SH		SOLE		458	0	0
FIRST DEFIANCE FINL CORP	COMMON STOCK	32006W106	103	3,969	SH		SOLE		3,969	0	0
FAMILY DOLLAR STORES	COMMON STOCK	307000109	189	2,913	SH		SOLE		2,913	0	0
FRESH DEL MONTE PRODUCE INC	COMMON STOCK	011548644	105	3,709	SH		SOLE		3,709	0	0
FEDEX CORP	COMMON STOCK	31428X106	232	1,614	SH		SOLE		1,614	0	0
FIRSTENERGY CORP	COMMON STOCK	337932107	191	5,804	SH		SOLE		5,804	0	0
FIDELITY NATIONAL INFORMATIO	COMMON STOCK	31620M106	80	1,493	SH		SOLE		1,493	0	0
FLOWERS FOODS INC	COMMON STOCK	343498101	1	45	SH		SOLE		45	0	0
FLOWSERVE CORP	COMMON STOCK	34354P105	54	691	SH		SOLE		691	0	0
FREDDIE MAC	COMMON STOCK	313400301	292	100,840	SH		SOLE		100,840	0	0
FANNIE MAE	COMMON STOCK	313586109	280	93,162	SH		SOLE		93,162	0	0
FOSSIL GROUP INC	COMMON STOCK	34988V106	36	298	SH		SOLE		298	0	0
TWENTY-FIRST CENTURY FOX-A	COMMON STOCK	90130A101	5,715	162,503	SH		SOLE		162,503	0	0
FIRST POTOMAC REALTY TRUST	REIT	33610F109	105	9,012	SH		SOLE		9,012	0	0
FOREST LABORATORIES INC	COMMON STOCK	345838106	77	1,283	SH		SOLE		1,283	0	0
FIRST SOLAR INC	COMMON STOCK	336433107	32	577	SH		SOLE		577	0	0
FUEL SYSTEMS SOLUTIONS INC	COMMON STOCK	35952W103	112	8,071	SH		SOLE		8,071	0	0
FRONTIER COMMUNICATIONS CORP	COMMON STOCK	35906A108	0	24	SH		SOLE		24	0	0
FIVE STAR QUALITY CARE	COMMON STOCK	33832D106	124	22,561	SH		SOLE		22,561	0	0
AGL RESOURCES INC	COMMON STOCK	001204106	189	4,010	SH		SOLE		4,010	0	0
GLOBAL INDEMNITY PLC	COMMON STOCK	053256074	102	4,037	SH		SOLE		4,037	0	0
GANNETT CO	COMMON STOCK	364730101	35	1,197	SH		SOLE		1,197	0	0
GENERAL GROWTH PROPERTIES	REIT	370023103	17	824	SH		SOLE		824	0	0
GRAHAM HOLDINGS CO-CLASS B	COMMON STOCK	384637104	222	334	SH		SOLE		334	0	0
GILEAD SCIENCES INC	COMMON STOCK	375558103	628	8,362	SH		SOLE		8,362	0	0
GENERAL MILLS INC	COMMON STOCK	370334104	188	3,774	SH		SOLE		3,774	0	0
GLADSTONE CAPITAL CORP	COMMON STOCK	376535100	103	10,764	SH		SOLE		10,764	0	0
CORNING INC	COMMON STOCK	219350105	106	5,941	SH		SOLE		5,941	0	0
GAMESTOP CORP-CLASS A	COMMON STOCK	36467W109	30	606	SH		SOLE		606	0	0
GNC HOLDINGS INC-CL A	COMMON STOCK	36191G107	185	3,168	SH		SOLE		3,168	0	0
GENWORTH FINANCIAL INC-CL A	COMMON STOCK	37247D106	144	9,290	SH		SOLE		9,290	0	0
GOOGLE INC-CL A	COMMON STOCK	38259P508	1,826	1,629	SH		SOLE		1,629	0	0
GREEN PLAINS RENEWABLE ENERG	COMMON STOCK	393222104	117	6,052	SH		SOLE		6,052	0	0
GAP INC/THE	COMMON STOCK	364760108	4,505	115,268	SH		SOLE		115,268	0	0
GLOBAL X FTSE GREECE 20 ETF	ETP	37950E366	1,023	45,400	SH		SOLE		45,400	0	0
GOLDMAN SACHS GROUP INC	COMMON STOCK	38141G104	106	597	SH		SOLE		597	0	0
GREAT SOUTHERN BANCORP INC	COMMON STOCK	390905107	110	3,611	SH		SOLE		3,611	0	0
GOODYEAR TIRE & RUBBER CO	COMMON STOCK	382550101	30	1,237	SH		SOLE		1,237	0	0
TRIPLE-S MANAGEMENT CORP-B	COMMON STOCK	896749108	102	5,237	SH		SOLE		5,237	0	0
GREAT PLAINS ENERGY INC	COMMON STOCK	391164100	103	4,260	SH		SOLE		4,260	0	0
HYATT HOTELS CORP - CL A	COMMON STOCK	448579102	25	514	SH		SOLE		514	0	0
HALLIBURTON CO	COMMON STOCK	406216101	232	4,575	SH		SOLE		4,575	0	0
HALLMARK FINL SERVICES INC	COMMON STOCK	40624Q203	96	10,834	SH		SOLE		10,834	0	0
HARMAN INTERNATIONAL	COMMON STOCK	413086109	28	344	SH		SOLE		344	0	0
HASBRO INC	COMMON STOCK	418056107	38	695	SH		SOLE		695	0	0
HUNTINGTON BANCSHARES INC	COMMON STOCK	446150104	40	4,165	SH		SOLE		4,165	0	0
HANESBRANDS INC	COMMON STOCK	410345102	191	2,717	SH		SOLE		2,717	0	0
HUDSON CITY BANCORP INC	COMMON STOCK	443683107	103	10,924	SH		SOLE		10,924	0	0
HEALTH CARE REIT INC	REIT	42217K106	17	309	SH		SOLE		309	0	0
HAWAIIAN TELCOM HOLDCO INC	COMMON STOCK	420031106	108	3,664	SH		SOLE		3,664	0	0
HCP INC	REIT	40414L109	17	458	SH		SOLE		458	0	0
HERCULES OFFSHORE INC	COMMON STOCK	427093109	107	16,379	SH		SOLE		16,379	0	0
HESS CORP	COMMON STOCK	42809H107	814	9,805	SH		SOLE		9,805	0	0
HARTFORD FINANCIAL SVCS GRP	COMMON STOCK	416515104	188	5,184	SH		SOLE		5,184	0	0
HALCON RESOURCES CORP	COMMON STOCK	40537Q209	99	25,678	SH		SOLE		25,678	0	0
HEALTH MGMT ASSOCIATES INC-A	COMMON STOCK	421933102	149	11,383	SH		SOLE		11,383	0	0
HOME PROPERTIES INC	REIT	437306103	182	3,397	SH		SOLE		3,397	0	0
HORACE MANN EDUCATORS	COMMON STOCK	440327104	105	3,337	SH		SOLE		3,337	0	0
HARLEY-DAVIDSON INC	COMMON STOCK	412822108	78	1,132	SH		SOLE		1,132	0	0
HOLOGIC INC	COMMON STOCK	436440101	185	8,294	SH		SOLE		8,294	0	0
HONEYWELL INTERNATIONAL INC	COMMON STOCK	438516106	374	4,091	SH		SOLE		4,091	0	0
STARWOOD HOTELS & RESORTS	COMMON STOCK	85590A401	26	324	SH		SOLE		324	0	0
HELMERICH & PAYNE	COMMON STOCK	423452101	44	522	SH		SOLE		522	0	0
HEWLETT-PACKARD CO	COMMON STOCK	428236103	273	9,756	SH		SOLE		9,756	0	0
H&R BLOCK INC	COMMON STOCK	093671105	40	1,383	SH		SOLE		1,383	0	0
HORMEL FOODS CORP	COMMON STOCK	440452100	62	1,379	SH		SOLE		1,379	0	0
HOST HOTELS & RESORTS INC	REIT	44107P104	17	897	SH		SOLE		897	0	0
HOMETRUST BANCSHARES INC	COMMON STOCK	437872104	100	6,251	SH		SOLE		6,251	0	0
HATTERAS FINANCIAL CORP	REIT	41902R103	179	10,948	SH		SOLE		10,948	0	0
HUMANA INC	COMMON STOCK	444859102	277	2,683	SH		SOLE		2,683	0	0
HURCO COMPANIES INC	COMMON STOCK	447324104	102	4,081	SH		SOLE		4,081	0	0
INTERVEST BANCSHARES CORP	COMMON STOCK	460927106	102	13,553	SH		SOLE		13,553	0	0
INTERACTIVE BROKERS GRO-CL A	COMMON STOCK	45841N107	164	6,748	SH		SOLE		6,748	0	0
INTL BUSINESS MACHINES CORP	COMMON STOCK	459200101	195	1,041	SH		SOLE		1,041	0	0
INTERCONTINENTALEXCHANGE GRO	COMMON STOCK	45866F104	127	565	SH		SOLE		565	0	0
IDEXX LABORATORIES INC	COMMON STOCK	45168D104	189	1,781	SH		SOLE		1,781	0	0
IHS INC-CLASS A	COMMON STOCK	451734107	191	1,594	SH		SOLE		1,594	0	0
INGRAM MICRO INC-CL A	COMMON STOCK	457153104	102	4,347	SH		SOLE		4,347	0	0
IMATION CORP	COMMON STOCK	45245A107	97	20,759	SH		SOLE		20,759	0	0
INFOSYS LTD-SP ADR	ADR	456788108	1,031	18,221	SH		SOLE		18,221	0	0
WORLD FUEL SERVICES CORP	COMMON STOCK	981475106	187	4,330	SH		SOLE		4,330	0	0
INTUIT INC	COMMON STOCK	461202103	186	2,443	SH		SOLE		2,443	0	0
INTERPUBLIC GROUP OF COS INC	COMMON STOCK	460690100	42	2,349	SH		SOLE		2,349	0	0
INTREPID POTASH INC	COMMON STOCK	46121Y102	110	6,962	SH		SOLE		6,962	0	0
INGERSOLL-RAND PLC	COMMON STOCK	043946358	112	1,822	SH		SOLE		1,822	0	0
IRIDIUM COMMUNICATIONS INC	COMMON STOCK	46269C102	111	17,833	SH		SOLE		17,833	0	0
IRON MOUNTAIN INC	COMMON STOCK	462846106	192	6,332	SH		SOLE		6,332	0	0
INTL SHIPHOLDING CORP	COMMON STOCK	460321201	123	4,185	SH		SOLE		4,185	0	0
INTUITIVE SURGICAL INC	COMMON STOCK	46120E602	197	513	SH		SOLE		513	0	0
ITC HOLDINGS CORP	COMMON STOCK	465685105	188	1,959	SH		SOLE		1,959	0	0
ITAU UNIBANCO HLDNG-PREF ADR	ADR	465562106	923	68,046	SH		SOLE		68,046	0	0
INVESCO MORTGAGE CAPITAL	REIT	46131B100	99	6,748	SH		SOLE		6,748	0	0
JETBLUE AIRWAYS CORP	COMMON STOCK	477143101	98	11,533	SH		SOLE		11,533	0	0
JOHN B. SANFILIPPO & SON INC	COMMON STOCK	800422107	103	4,165	SH		SOLE		4,165	0	0
JOHNSON CONTROLS INC	COMMON STOCK	478366107	177	3,450	SH		SOLE		3,450	0	0
JACOBS ENGINEERING GROUP INC	COMMON STOCK	469814107	44	701	SH		SOLE		701	0	0
JONES LANG LASALLE INC	COMMON STOCK	48020Q107	26	252	SH		SOLE		252	0	0
JOHNSON & JOHNSON	COMMON STOCK	478160104	185	2,024	SH		SOLE		2,024	0	0
ST JOE CO/THE	COMMON STOCK	790148100	195	10,171	SH		SOLE		10,171	0	0
WILEY (JOHN) & SONS-CLASS A	COMMON STOCK	968223206	194	3,515	SH		SOLE		3,515	0	0
KELLOGG CO	COMMON STOCK	487836108	188	3,081	SH		SOLE		3,081	0	0
KCAP FINANCIAL INC	COMMON STOCK	48668E101	101	12,534	SH		SOLE		12,534	0	0
KCG HOLDINGS INC-CL A	COMMON STOCK	48244B100	103	8,619	SH		SOLE		8,619	0	0
KANSAS CITY LIFE INS CO	COMMON STOCK	484836101	97	2,041	SH		SOLE		2,041	0	0
KELLY SERVICES INC -A	COMMON STOCK	488152208	109	4,364	SH		SOLE		4,364	0	0
KEYCORP	COMMON STOCK	493267108	60	4,502	SH		SOLE		4,502	0	0
KIMCO REALTY CORP	REIT	49446R109	16	824	SH		SOLE		824	0	0
KINDER MORGAN INC	COMMON STOCK	49456B101	1,790	49,714	SH		SOLE		49,714	0	0
MICHAEL KORS HOLDINGS LTD	COMMON STOCK	072441893	84	1,035	SH		SOLE		1,035	0	0
KROGER CO	COMMON STOCK	501044101	110	2,791	SH		SOLE		2,791	0	0
KRONOS WORLDWIDE INC	COMMON STOCK	50105F105	184	9,642	SH		SOLE		9,642	0	0
KOHLS CORP	COMMON STOCK	500255104	193	3,407	SH		SOLE		3,407	0	0
KANSAS CITY SOUTHERN	COMMON STOCK	485170302	72	580	SH		SOLE		580	0	0
LOEWS CORP	COMMON STOCK	540424108	104	2,153	SH		SOLE		2,153	0	0
LAYNE CHRISTENSEN COMPANY	COMMON STOCK	521050104	117	6,853	SH		SOLE		6,853	0	0
L BRANDS INC	COMMON STOCK	501797104	98	1,583	SH		SOLE		1,583	0	0
LIBERTY GLOBAL PLC-A	COMMON STOCK	094506433	4,613	51,831	SH		SOLE		51,831	0	0
LEAR CORP	COMMON STOCK	521865204	543	6,710	SH		SOLE		6,710	0	0
LABORATORY CRP OF AMER HLDGS	COMMON STOCK	50540R409	189	2,066	SH		SOLE		2,066	0	0
LIFE TECHNOLOGIES CORP	COMMON STOCK	53217V109	253	3,335	SH		SOLE		3,335	0	0
L-3 COMMUNICATIONS HOLDINGS	COMMON STOCK	502424104	189	1,768	SH		SOLE		1,768	0	0
LIMELIGHT NETWORKS INC	COMMON STOCK	53261M104	105	52,842	SH		SOLE		52,842	0	0
ELI LILLY & CO	COMMON STOCK	532457108	189	3,705	SH		SOLE		3,705	0	0
LEGG MASON INC	COMMON STOCK	524901105	25	570	SH		SOLE		570	0	0
LOCKHEED MARTIN CORP	COMMON STOCK	539830109	249	1,674	SH		SOLE		1,674	0	0
LINCOLN NATIONAL CORP	COMMON STOCK	534187109	173	3,344	SH		SOLE		3,344	0	0
LORILLARD INC	COMMON STOCK	544147101	188	3,708	SH		SOLE		3,708	0	0
LOWE'S COS INC	COMMON STOCK	548661107	5,056	102,036	SH		SOLE		102,036	0	0
LENDER PROCESSING SERVICES	COMMON STOCK	52602E102	190	5,086	SH		SOLE		5,086	0	0
LAM RESEARCH CORP	COMMON STOCK	512807108	46	841	SH		SOLE		841	0	0
LANDSTAR SYSTEM INC	COMMON STOCK	515098101	193	3,352	SH		SOLE		3,352	0	0
SOUTHWEST AIRLINES CO	COMMON STOCK	844741108	67	3,565	SH		SOLE		3,565	0	0
LAS VEGAS SANDS CORP	COMMON STOCK	517834107	25	322	SH		SOLE		322	0	0
LYONDELLBASELL INDU-CL A	COMMON STOCK	050828824	228	2,846	SH		SOLE		2,846	0	0
MACY'S INC	COMMON STOCK	55616P104	106	1,991	SH		SOLE		1,991	0	0
MASTERCARD INC-CLASS A	COMMON STOCK	57636Q104	5,185	6,206	SH		SOLE		6,206	0	0
MID-AMERICA APARTMENT COMM	REIT	59522J103	186	3,069	SH		SOLE		3,069	0	0
MACERICH CO/THE	REIT	554382101	17	282	SH		SOLE		282	0	0
MBIA INC	COMMON STOCK	55262C100	4,137	346,506	SH		SOLE		346,506	0	0
MERCANTILE BANK CORP	COMMON STOCK	587376104	103	4,753	SH		SOLE		4,753	0	0
MEDLEY CAPITAL CORP	COMMON STOCK	58503F106	102	7,357	SH		SOLE		7,357	0	0
MCDONALD'S CORP	COMMON STOCK	580135101	187	1,931	SH		SOLE		1,931	0	0
MCKESSON CORP	COMMON STOCK	58155Q103	389	2,408	SH		SOLE		2,408	0	0
MOODY'S CORP	COMMON STOCK	615369105	87	1,112	SH		SOLE		1,112	0	0
MOLYCORP INC	COMMON STOCK	608753109	122	21,637	SH		SOLE		21,637	0	0
MICROS SYSTEMS INC	COMMON STOCK	594901100	190	3,308	SH		SOLE		3,308	0	0
MEDNAX INC	COMMON STOCK	58502B106	187	3,512	SH		SOLE		3,512	0	0
MDC HOLDINGS INC	COMMON STOCK	552676108	113	3,509	SH		SOLE		3,509	0	0
MCDERMOTT INTL INC	COMMON STOCK	580037109	113	12,311	SH		SOLE		12,311	0	0
MEDTRONIC INC	COMMON STOCK	585055106	299	5,203	SH		SOLE		5,203	0	0
METLIFE INC	COMMON STOCK	59156R108	424	7,862	SH		SOLE		7,862	0	0
MFA FINANCIAL INC	REIT	55272X102	279	39,583	SH		SOLE		39,583	0	0
MULTI-FINELINE ELECTRONIX IN	COMMON STOCK	62541B101	109	7,819	SH		SOLE		7,819	0	0
MCGRAW HILL FINANCIAL INC	COMMON STOCK	580645109	111	1,414	SH		SOLE		1,414	0	0
MEADOWBROOK INSURANCE GROUP	COMMON STOCK	58319P108	98	14,061	SH		SOLE		14,061	0	0
MEAD JOHNSON NUTRITION CO	COMMON STOCK	582839106	186	2,225	SH		SOLE		2,225	0	0
MARKEL CORP	COMMON STOCK	570535104	190	327	SH		SOLE		327	0	0
MARSH & MCLENNAN COS	COMMON STOCK	571748102	137	2,831	SH		SOLE		2,831	0	0
3M CO	COMMON STOCK	88579Y101	492	3,505	SH		SOLE		3,505	0	0
MAGELLAN MIDSTREAM PARTNERS	MLP	559080106	1,831	28,933	SH		SOLE		28,933	0	0
MONSANTO CO	COMMON STOCK	61166W101	5,108	43,824	SH		SOLE		43,824	0	0
MORNINGSTAR INC	COMMON STOCK	617700109	186	2,386	SH		SOLE		2,386	0	0
MINDRAY MEDICAL INTL LTD-ADR	ADR	602675100	929	25,546	SH		SOLE		25,546	0	0
MERCK & CO. INC.	COMMON STOCK	58933Y105	191	3,826	SH		SOLE		3,826	0	0
MORGAN STANLEY	COMMON STOCK	617446448	423	13,474	SH		SOLE		13,474	0	0
MICROSOFT CORP	COMMON STOCK	594918104	7,184	192,040	SH		SOLE		192,040	0	0
MADISON SQUARE GARDEN CO-A	COMMON STOCK	55826P100	195	3,382	SH		SOLE		3,382	0	0
MOTOROLA SOLUTIONS INC	COMMON STOCK	620076307	552	8,183	SH		SOLE		8,183	0	0
AMERICAN CAPITAL MORTGAGE IN	REIT	02504A104	96	5,520	SH		SOLE		5,520	0	0
MICRON TECHNOLOGY INC	COMMON STOCK	595112103	109	4,999	SH		SOLE		4,999	0	0
MVC CAPITAL INC	COMMON STOCK	553829102	95	7,071	SH		SOLE		7,071	0	0
MARKWEST ENERGY PARTNERS LP	MLP	570759100	1,569	23,720	SH		SOLE		23,720	0	0
MYRIAD GENETICS INC	COMMON STOCK	62855J104	162	7,700	SH		SOLE		7,700	0	0
MYLAN INC	COMMON STOCK	628530107	90	2,084	SH		SOLE		2,084	0	0
NORDIC AMERICAN TANKERS LTD	COMMON STOCK	012605625	120	12,371	SH		SOLE		12,371	0	0
NAVIGATORS GROUP INC	COMMON STOCK	638904102	105	1,658	SH		SOLE		1,658	0	0
NEWBRIDGE BANCORP	COMMON STOCK	65080T102	102	13,753	SH		SOLE		13,753	0	0
NOBLE ENERGY INC	COMMON STOCK	655044105	127	1,869	SH		SOLE		1,869	0	0
NABORS INDUSTRIES LTD	COMMON STOCK	015069406	109	6,430	SH		SOLE		6,430	0	0
NASDAQ OMX GROUP/THE	COMMON STOCK	631103108	34	866	SH		SOLE		866	0	0
NEXTERA ENERGY INC	COMMON STOCK	65339F101	190	2,218	SH		SOLE		2,218	0	0
NEWMONT MINING CORP	COMMON STOCK	651639106	285	12,375	SH		SOLE		12,375	0	0
NORTHFIELD BANCORP INC/NJ	COMMON STOCK	66611T108	103	7,789	SH		SOLE		7,789	0	0
NETFLIX INC	COMMON STOCK	64110L106	111	302	SH		SOLE		302	0	0
NEWFIELD EXPLORATION CO	COMMON STOCK	651290108	105	4,263	SH		SOLE		4,263	0	0
NIKE INC -CL B	COMMON STOCK	654106103	370	4,709	SH		SOLE		4,709	0	0
NIELSEN HOLDINGS NV	COMMON STOCK	058951030	272	5,936	SH		SOLE		5,936	0	0
ANNALY CAPITAL MANAGEMENT IN	REIT	035710409	281	28,186	SH		SOLE		28,186	0	0
NORTHROP GRUMMAN CORP	COMMON STOCK	666807102	135	1,174	SH		SOLE		1,174	0	0
NEOPHOTONICS CORP	COMMON STOCK	64051T100	119	16,874	SH		SOLE		16,874	0	0
NORTHRIM BANCORP INC	COMMON STOCK	666762109	104	3,962	SH		SOLE		3,962	0	0
NORFOLK SOUTHERN CORP	COMMON STOCK	655844108	145	1,558	SH		SOLE		1,558	0	0
NESTLE SA-SPONS ADR	ADR	641069406	4,228	57,458	SH		SOLE		57,458	0	0
NETAPP INC	COMMON STOCK	64110D104	190	4,625	SH		SOLE		4,625	0	0
NEWELL RUBBERMAID INC	COMMON STOCK	651229106	46	1,430	SH		SOLE		1,430	0	0
NEWS CORP - CLASS A	COMMON STOCK	65249B109	103	5,701	SH		SOLE		5,701	0	0
NEW YORK COMMUNITY BANCORP	COMMON STOCK	649445103	155	9,200	SH		SOLE		9,200	0	0
OFG BANCORP	COMMON STOCK	67103X102	101	5,809	SH		SOLE		5,809	0	0
OWENS-ILLINOIS INC	COMMON STOCK	690768403	29	815	SH		SOLE		815	0	0
OIL STATES INTERNATIONAL INC	COMMON STOCK	678026105	542	5,332	SH		SOLE		5,332	0	0
ONEOK INC	COMMON STOCK	682680103	65	1,041	SH		SOLE		1,041	0	0
OMNICOM GROUP	COMMON STOCK	681919106	100	1,339	SH		SOLE		1,339	0	0
OPPENHEIMER HOLDINGS-CL A	COMMON STOCK	683797104	107	4,307	SH		SOLE		4,307	0	0
O'REILLY AUTOMOTIVE INC	COMMON STOCK	67103H107	184	1,430	SH		SOLE		1,430	0	0
OUTERWALL INC	COMMON STOCK	690070107	536	7,969	SH		SOLE		7,969	0	0
OMNIVISION TECHNOLOGIES INC	COMMON STOCK	682128103	106	6,179	SH		SOLE		6,179	0	0
PLAINS ALL AMER PIPELINE LP	MLP	726503105	1,795	34,676	SH		SOLE		34,676	0	0
PAYCHEX INC	COMMON STOCK	704326107	280	6,150	SH		SOLE		6,150	0	0
PEOPLE'S UNITED FINANCIAL	COMMON STOCK	712704105	190	12,593	SH		SOLE		12,593	0	0
PITNEY BOWES INC	COMMON STOCK	724479100	25	1,085	SH		SOLE		1,085	0	0
P G & E CORP	COMMON STOCK	69331C108	183	4,553	SH		SOLE		4,553	0	0
PRICELINE.COM INC	COMMON STOCK	741503403	5,677	4,884	SH		SOLE		4,884	0	0
PATTERSON COS INC	COMMON STOCK	703395103	188	4,559	SH		SOLE		4,559	0	0
PIEDMONT OFFICE REALTY TRU-A	REIT	720190206	291	17,606	SH		SOLE		17,606	0	0
PUBLIC SERVICE ENTERPRISE GP	COMMON STOCK	744573106	188	5,866	SH		SOLE		5,866	0	0
PEPSICO INC	COMMON STOCK	713448108	190	2,286	SH		SOLE		2,286	0	0
PIONEER ENERGY SERVICES CORP	COMMON STOCK	723664108	112	14,003	SH		SOLE		14,003	0	0
PETSMART INC	COMMON STOCK	716768106	188	2,590	SH		SOLE		2,590	0	0
PRINCIPAL FINANCIAL GROUP	COMMON STOCK	74251V102	79	1,605	SH		SOLE		1,605	0	0
PROCTER & GAMBLE CO/THE	COMMON STOCK	742718109	183	2,249	SH		SOLE		2,249	0	0
PARKER HANNIFIN CORP	COMMON STOCK	701094104	96	750	SH		SOLE		750	0	0
PHH CORP	COMMON STOCK	693320202	105	4,310	SH		SOLE		4,310	0	0
PHI INC-NON VOTING	COMMON STOCK	69336T205	109	2,521	SH		SOLE		2,521	0	0
PICO HOLDINGS INC	COMMON STOCK	693366205	101	4,362	SH		SOLE		4,362	0	0
PIPER JAFFRAY COS	COMMON STOCK	724078100	107	2,697	SH		SOLE		2,697	0	0
PROTECTIVE LIFE CORP	COMMON STOCK	743674103	105	2,068	SH		SOLE		2,068	0	0
PHOTRONICS INC	COMMON STOCK	719405102	101	11,143	SH		SOLE		11,143	0	0
PROLOGIS INC	REIT	74340W103	17	458	SH		SOLE		458	0	0
PALL CORP	COMMON STOCK	696429307	49	577	SH		SOLE		577	0	0
PHILIP MORRIS INTERNATIONAL	COMMON STOCK	718172109	4,195	48,145	SH		SOLE		48,145	0	0
PENNYMAC MORTGAGE INVESTMENT	REIT	70931T103	104	4,531	SH		SOLE		4,531	0	0
PENTAIR LTD-REGISTERED	COMMON STOCK	083439173	77	994	SH		SOLE		994	0	0
PANERA BREAD COMPANY-CLASS A	COMMON STOCK	69840W108	194	1,097	SH		SOLE		1,097	0	0
PEPCO HOLDINGS INC	COMMON STOCK	713291102	192	10,058	SH		SOLE		10,058	0	0
PPL CORPORATION	COMMON STOCK	69351T106	190	6,309	SH		SOLE		6,309	0	0
POST PROPERTIES INC	REIT	737464107	185	4,094	SH		SOLE		4,094	0	0
PROASSURANCE CORP	COMMON STOCK	74267C106	187	3,858	SH		SOLE		3,858	0	0
PARTNERRE LTD	COMMON STOCK	010695988	305	2,894	SH		SOLE		2,894	0	0
PERRIGO CO PLC	COMMON STOCK	100850001	259	1,689	SH		SOLE		1,689	0	0
PRUDENTIAL FINANCIAL INC	COMMON STOCK	744320102	3,997	43,337	SH		SOLE		43,337	0	0
PUBLIC STORAGE	REIT	74460D109	18	120	SH		SOLE		120	0	0
PROSPECT CAPITAL CORP	COMMON STOCK	74348T102	102	9,076	SH		SOLE		9,076	0	0
PERICOM SEMICONDUCTOR CORP	COMMON STOCK	713831105	90	10,186	SH		SOLE		10,186	0	0
PLATINUM UNDERWRITERS HLDGS	COMMON STOCK	014977503	102	1,662	SH		SOLE		1,662	0	0
PRAXAIR INC	COMMON STOCK	74005P104	191	1,472	SH		SOLE		1,472	0	0
PIONEER NATURAL RESOURCES CO	COMMON STOCK	723787107	130	706	SH		SOLE		706	0	0
QUALCOMM INC	COMMON STOCK	747525103	5,188	69,871	SH		SOLE		69,871	0	0
RYDER SYSTEM INC	COMMON STOCK	783549108	22	293	SH		SOLE		293	0	0
RAIT FINANCIAL TRUST	REIT	749227609	104	11,634	SH		SOLE		11,634	0	0
REPUBLIC BANCORP INC-CLASS A	COMMON STOCK	760281204	106	4,337	SH		SOLE		4,337	0	0
RUBICON TECHNOLOGY INC	COMMON STOCK	78112T107	116	11,687	SH		SOLE		11,687	0	0
ROYAL CARIBBEAN CRUISES LTD	COMMON STOCK	010775124	110	2,319	SH		SOLE		2,319	0	0
ROWAN COMPANIES PLC-A	COMMON STOCK	078178116	106	2,998	SH		SOLE		2,998	0	0
EVEREST RE GROUP LTD	COMMON STOCK	012268483	297	1,903	SH		SOLE		1,903	0	0
RENEWABLE ENERGY GROUP INC	COMMON STOCK	75972A301	112	9,790	SH		SOLE		9,790	0	0
REGENERON PHARMACEUTICALS	COMMON STOCK	75886F107	156	566	SH		SOLE		566	0	0
RICHARDSON ELEC LTD	COMMON STOCK	763165107	104	9,186	SH		SOLE		9,186	0	0
RESOLUTE FOREST PRODUCTS	COMMON STOCK	76117W109	112	6,992	SH		SOLE		6,992	0	0
RIGEL PHARMACEUTICALS INC	COMMON STOCK	766559603	116	40,646	SH		SOLE		40,646	0	0
REPUBLIC AIRWAYS HOLDINGS IN	COMMON STOCK	760276105	112	10,447	SH		SOLE		10,447	0	0
RENAISSANCERE HOLDINGS LTD	COMMON STOCK	011540376	196	2,016	SH		SOLE		2,016	0	0
REALNETWORKS INC	COMMON STOCK	75605L708	98	12,939	SH		SOLE		12,939	0	0
ROSS STORES INC	COMMON STOCK	778296103	88	1,174	SH		SOLE		1,174	0	0
RETAIL PROPERTIES OF AME - A	REIT	76131V202	100	7,874	SH		SOLE		7,874	0	0
REPUBLIC SERVICES INC	COMMON STOCK	760759100	186	5,617	SH		SOLE		5,617	0	0
RADIOSHACK CORP	COMMON STOCK	750438103	97	37,324	SH		SOLE		37,324	0	0
RESOURCE CAPITAL CORP	REIT	76120W302	103	17,399	SH		SOLE		17,399	0	0
RAYTHEON COMPANY	COMMON STOCK	755111507	343	3,777	SH		SOLE		3,777	0	0
SPDR DJ INTERNATIONAL REAL E	ETP	78463X863	506	12,278	SH		SOLE		12,278	0	0
SAFETY INSURANCE GROUP INC	COMMON STOCK	78648T100	105	1,857	SH		SOLE		1,857	0	0
SBA COMMUNICATIONS CORP-CL A	COMMON STOCK	78388J106	194	2,157	SH		SOLE		2,157	0	0
SALLY BEAUTY HOLDINGS INC	COMMON STOCK	79546E104	190	6,282	SH		SOLE		6,282	0	0
STARBUCKS CORP	COMMON STOCK	855244109	323	4,118	SH		SOLE		4,118	0	0
SCANA CORP	COMMON STOCK	80589M102	183	3,904	SH		SOLE		3,904	0	0
SCHWAB (CHARLES) CORP	COMMON STOCK	808513105	4,622	177,756	SH		SOLE		177,756	0	0
SPECTRA ENERGY CORP	COMMON STOCK	847560109	198	5,566	SH		SOLE		5,566	0	0
SEALED AIR CORP	COMMON STOCK	81211K100	35	1,019	SH		SOLE		1,019	0	0
SENECA FOODS CORP - CL A	COMMON STOCK	817070501	103	3,229	SH		SOLE		3,229	0	0
SIGMA-ALDRICH	COMMON STOCK	826552101	191	2,036	SH		SOLE		2,036	0	0
SIRONA DENTAL SYSTEMS INC	COMMON STOCK	82966C103	188	2,676	SH		SOLE		2,676	0	0
SIX FLAGS ENTERTAINMENT CORP	COMMON STOCK	83001A102	192	5,226	SH		SOLE		5,226	0	0
SKYWEST INC	COMMON STOCK	830879102	97	6,554	SH		SOLE		6,554	0	0
SL GREEN REALTY CORP	REIT	78440X101	17	183	SH		SOLE		183	0	0
SILGAN HOLDINGS INC	COMMON STOCK	827048109	188	3,910	SH		SOLE		3,910	0	0
SLM CORP	COMMON STOCK	78442P106	62	2,344	SH		SOLE		2,344	0	0
SANDISK CORP	COMMON STOCK	80004C101	82	1,166	SH		SOLE		1,166	0	0
SYNOPSYS INC	COMMON STOCK	871607107	192	4,739	SH		SOLE		4,739	0	0
SYNOVUS FINANCIAL CORP	COMMON STOCK	87161C105	109	30,149	SH		SOLE		30,149	0	0
SOUTHERN CO/THE	COMMON STOCK	842587107	187	4,548	SH		SOLE		4,548	0	0
SIMON PROPERTY GROUP INC	REIT	828806109	17	109	SH		SOLE		109	0	0
STAPLES INC	COMMON STOCK	855030102	54	3,390	SH		SOLE		3,390	0	0
SPIRIT REALTY CAPITAL INC	REIT	84860W102	183	18,604	SH		SOLE		18,604	0	0
STATE AUTO FINANCIAL CORP	COMMON STOCK	855707105	111	5,205	SH		SOLE		5,205	0	0
ST JUDE MEDICAL INC	COMMON STOCK	790849103	92	1,481	SH		SOLE		1,481	0	0
STATE STREET CORP	COMMON STOCK	857477103	172	2,340	SH		SOLE		2,340	0	0
SEAGATE TECHNOLOGY	COMMON STOCK	052580676	88	1,560	SH		SOLE		1,560	0	0
CONSTELLATION BRANDS INC-A	COMMON STOCK	21036P108	68	963	SH		SOLE		963	0	0
SWS GROUP INC	COMMON STOCK	78503N107	96	15,708	SH		SOLE		15,708	0	0
SAFEWAY INC	COMMON STOCK	786514208	229	7,025	SH		SOLE		7,025	0	0
SYMETRA FINANCIAL CORP	COMMON STOCK	87151Q106	102	5,361	SH		SOLE		5,361	0	0
SYMANTEC CORP	COMMON STOCK	871503108	0	16	SH		SOLE		16	0	0
SYSTEMAX INC	COMMON STOCK	871851101	98	8,696	SH		SOLE		8,696	0	0
SYSCO CORP	COMMON STOCK	871829107	185	5,137	SH		SOLE		5,137	0	0
AT&T INC	COMMON STOCK	00206R102	189	5,379	SH		SOLE		5,379	0	0
TRANSDIGM GROUP INC	COMMON STOCK	893641100	193	1,199	SH		SOLE		1,199	0	0
TIDEWATER INC	COMMON STOCK	886423102	105	1,769	SH		SOLE		1,769	0	0
TECO ENERGY INC	COMMON STOCK	872375100	188	10,925	SH		SOLE		10,925	0	0
TECHNE CORP	COMMON STOCK	878377100	190	2,006	SH		SOLE		2,006	0	0
TECUMSEH PRODUCTS CO-CLASS A	COMMON STOCK	878895200	108	11,923	SH		SOLE		11,923	0	0
TE CONNECTIVITY LTD	COMMON STOCK	043813854	117	2,124	SH		SOLE		2,124	0	0
FRESH MARKET INC/THE	COMMON STOCK	35804H106	186	4,585	SH		SOLE		4,585	0	0
TFS FINANCIAL CORP	COMMON STOCK	87240R107	189	15,606	SH		SOLE		15,606	0	0
TELEFLEX INC	COMMON STOCK	879369106	185	1,968	SH		SOLE		1,968	0	0
TRIUMPH GROUP INC	COMMON STOCK	896818101	190	2,497	SH		SOLE		2,497	0	0
TARGET CORP	COMMON STOCK	87612E106	186	2,936	SH		SOLE		2,936	0	0
HANOVER INSURANCE GROUP INC/	COMMON STOCK	410867105	102	1,700	SH		SOLE		1,700	0	0
THERAVANCE INC	COMMON STOCK	88338T104	185	5,177	SH		SOLE		5,177	0	0
TICC CAPITAL CORP	COMMON STOCK	87244T109	98	9,457	SH		SOLE		9,457	0	0
TIFFANY & CO	COMMON STOCK	886547108	60	650	SH		SOLE		650	0	0
TITAN MACHINERY INC	COMMON STOCK	88830R101	123	6,887	SH		SOLE		6,887	0	0
TJX COMPANIES INC	COMMON STOCK	872540109	237	3,725	SH		SOLE		3,725	0	0
TALISMAN ENERGY INC	COMMON STOCK	87425E103	547	46,940	SH		SOLE		46,940	0	0
TORCHMARK CORP	COMMON STOCK	891027104	36	464	SH		SOLE		464	0	0
THERMO FISHER SCIENTIFIC INC	COMMON STOCK	883556102	5,803	52,111	SH		SOLE		52,111	0	0
TEEKAY TANKERS LTD-CLASS A	COMMON STOCK	033750340	126	32,025	SH		SOLE		32,025	0	0
TARGA RESOURCES CORP	COMMON STOCK	87612G101	1,954	22,160	SH		SOLE		22,160	0	0
TARGACEPT INC	COMMON STOCK	87611R306	75	18,151	SH		SOLE		18,151	0	0
THOMSON REUTERS CORP	COMMON STOCK	884903105	191	5,058	SH		SOLE		5,058	0	0
TRIPADVISOR INC	COMMON STOCK	896945201	66	792	SH		SOLE		792	0	0
TERRENO REALTY CORP	REIT	88146M101	105	5,958	SH		SOLE		5,958	0	0
TYSON FOODS INC-CL A	COMMON STOCK	902494103	240	7,181	SH		SOLE		7,181	0	0
TOTAL SYSTEM SERVICES INC	COMMON STOCK	891906109	32	966	SH		SOLE		966	0	0
TTM TECHNOLOGIES	COMMON STOCK	87305R109	100	11,647	SH		SOLE		11,647	0	0
TIME WARNER CABLE	COMMON STOCK	88732J207	204	1,503	SH		SOLE		1,503	0	0
TOWER GROUP INTERNATIONAL LT	COMMON STOCK	090794612	72	21,407	SH		SOLE		21,407	0	0
TWO HARBORS INVESTMENT CORP	REIT	90187B101	104	11,200	SH		SOLE		11,200	0	0
TW TELECOM INC	COMMON STOCK	87311L104	552	18,114	SH		SOLE		18,114	0	0
TIME WARNER INC	COMMON STOCK	887317303	5,149	73,851	SH		SOLE		73,851	0	0
TERNIUM SA-SPONSORED ADR	ADR	880890108	1,113	35,562	SH		SOLE		35,562	0	0
TEXAS INSTRUMENTS INC	COMMON STOCK	882508104	250	5,694	SH		SOLE		5,694	0	0
UNIVERSAL AMERICAN CORP	COMMON STOCK	91338E101	101	13,772	SH		SOLE		13,772	0	0
UNITED COMMUNITY FINANCIAL	COMMON STOCK	909839102	102	28,685	SH		SOLE		28,685	0	0
UNITED FIRE GROUP INC	COMMON STOCK	910340108	104	3,614	SH		SOLE		3,614	0	0
ULTA SALON COSMETICS & FRAGR	COMMON STOCK	90384S303	191	1,983	SH		SOLE		1,983	0	0
ULTRAPETROL (BAHAMAS) LTD	COMMON STOCK	027239463	114	30,609	SH		SOLE		30,609	0	0
UNITEDHEALTH GROUP INC	COMMON STOCK	91324P102	195	2,596	SH		SOLE		2,596	0	0
UNUM GROUP	COMMON STOCK	91529Y106	150	4,283	SH		SOLE		4,283	0	0
UNIT CORP	COMMON STOCK	909218109	102	1,979	SH		SOLE		1,979	0	0
ULTRA PETROLEUM CORP	COMMON STOCK	903914109	199	9,191	SH		SOLE		9,191	0	0
UNITED PARCEL SERVICE-CL B	COMMON STOCK	911312106	502	4,773	SH		SOLE		4,773	0	0
US BANCORP	COMMON STOCK	902973304	187	4,617	SH		SOLE		4,617	0	0
US CELLULAR CORP	COMMON STOCK	911684108	188	4,504	SH		SOLE		4,504	0	0
UNIVERSAL CORP/VA	COMMON STOCK	913456109	109	1,994	SH		SOLE		1,994	0	0
VISA INC-CLASS A SHARES	COMMON STOCK	92826C839	4,586	20,593	SH		SOLE		20,593	0	0
VF CORP	COMMON STOCK	918204108	333	5,345	SH		SOLE		5,345	0	0
VIACOM INC-CLASS B	COMMON STOCK	92553P201	196	2,247	SH		SOLE		2,247	0	0
KNIGHTSBRIDGE TANKERS LTD	COMMON STOCK	012197853	115	12,566	SH		SOLE		12,566	0	0
VALERO ENERGY CORP	COMMON STOCK	91913Y100	136	2,690	SH		SOLE		2,690	0	0
VORNADO REALTY TRUST	REIT	929042109	17	187	SH		SOLE		187	0	0
VANTIV INC - CL A	COMMON STOCK	92210H105	201	6,174	SH		SOLE		6,174	0	0
VODAFONE GROUP PLC-SP ADR	ADR	92857W209	4,941	125,691	SH		SOLE		125,691	0	0
ING US INC	COMMON STOCK	45685E106	104	2,945	SH		SOLE		2,945	0	0
VISHAY PRECISION GROUP	COMMON STOCK	92835K103	109	7,297	SH		SOLE		7,297	0	0
VALIDUS HOLDINGS LTD	COMMON STOCK	031262089	298	7,391	SH		SOLE		7,391	0	0
VERISIGN INC	COMMON STOCK	92343E102	41	693	SH		SOLE		693	0	0
VERTEX PHARMACEUTICALS INC	COMMON STOCK	92532F100	97	1,303	SH		SOLE		1,303	0	0
VALEANT PHARMACEUTICALS INTE	COMMON STOCK	91911K102	6,127	52,185	SH		SOLE		52,185	0	0
VISHAY INTERTECHNOLOGY INC	COMMON STOCK	928298108	109	8,215	SH		SOLE		8,215	0	0
VANTAGE DRILLING CO	COMMON STOCK	038507486	100	54,601	SH		SOLE		54,601	0	0
VANGUARD US TOTAL STOCK MKT	ETP	922908769	9,739	101,528	SH		SOLE		101,528	0	0
VENTAS INC	REIT	92276F100	17	294	SH		SOLE		294	0	0
VANGUARD FTSE EMERGING MARKE	ETP	922042858	48,669	1,183,010	SH		SOLE		1,183,010	0	0
VANGUARD TOTAL INTL STOCK	ETP	921909768	42,773	816,583	SH		SOLE		816,583	0	0
VERIZON COMMUNICATIONS INC	COMMON STOCK	92343V104	188	3,821	SH		SOLE		3,821	0	0
WALGREEN CO	COMMON STOCK	931422109	290	5,044	SH		SOLE		5,044	0	0
WASTE CONNECTIONS INC	COMMON STOCK	941053100	188	4,320	SH		SOLE		4,320	0	0
WORKDAY INC-CLASS A	COMMON STOCK	98138H101	191	2,301	SH		SOLE		2,301	0	0
WESTERN DIGITAL CORP	COMMON STOCK	958102105	91	1,088	SH		SOLE		1,088	0	0
WISCONSIN ENERGY CORP	COMMON STOCK	976657106	186	4,499	SH		SOLE		4,499	0	0
WELLS FARGO & CO	COMMON STOCK	949746101	4,461	98,260	SH		SOLE		98,260	0	0
WESTERN GAS EQUITY PARTNERS	MLP	95825R103	1,774	44,903	SH		SOLE		44,903	0	0
WHIRLPOOL CORP	COMMON STOCK	963320106	64	408	SH		SOLE		408	0	0
WELLPOINT INC	COMMON STOCK	94973V107	149	1,614	SH		SOLE		1,614	0	0
WALTER ENERGY INC	COMMON STOCK	93317Q105	116	6,962	SH		SOLE		6,962	0	0
WASTE MANAGEMENT INC	COMMON STOCK	94106L109	191	4,249	SH		SOLE		4,249	0	0
WILLIAMS COS INC	COMMON STOCK	969457100	1,948	50,507	SH		SOLE		50,507	0	0
WAL-MART STORES INC	COMMON STOCK	931142103	187	2,375	SH		SOLE		2,375	0	0
VCA ANTECH INC	COMMON STOCK	918194101	192	6,123	SH		SOLE		6,123	0	0
WP CAREY INC	REIT	92936U109	181	2,953	SH		SOLE		2,953	0	0
WPX ENERGY INC	COMMON STOCK	98212B103	106	5,207	SH		SOLE		5,207	0	0
WR BERKLEY CORP	COMMON STOCK	084423102	189	4,360	SH		SOLE		4,360	0	0
WHITE MOUNTAINS INSURANCE GP	COMMON STOCK	011768822	289	480	SH		SOLE		480	0	0
WESTERN UNION CO	COMMON STOCK	959802109	1	75	SH		SOLE		75	0	0
WYNDHAM WORLDWIDE CORP	COMMON STOCK	98310W108	26	351	SH		SOLE		351	0	0
WYNN RESORTS LTD	COMMON STOCK	983134107	118	608	SH		SOLE		608	0	0
XCEL ENERGY INC	COMMON STOCK	98389B100	184	6,598	SH		SOLE		6,598	0	0
XL GROUP PLC	COMMON STOCK	052652421	106	3,343	SH		SOLE		3,343	0	0
EXXON MOBIL CORP	COMMON STOCK	30231G102	188	1,860	SH		SOLE		1,860	0	0
XEROX CORP	COMMON STOCK	984121103	76	6,242	SH		SOLE		6,242	0	0
CROSSTEX ENERGY INC	COMMON STOCK	22765Y104	1,932	53,420	SH		SOLE		53,420	0	0
ALLEGHANY CORP	COMMON STOCK	017175100	289	723	SH		SOLE		723	0	0
YAHOO! INC	COMMON STOCK	984332106	196	4,846	SH		SOLE		4,846	0	0