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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13f Cover Page
Report for the Calendar Year or Quarter Ended March 31, 2007
If amended report check here: |_| Amendment Number: ____
This Amendment (Check only one): |_| is a restatement
|_| adds new holding
entries.
PRIOR FILINGS FOR THE NOMURA GROUP WERE REPORTED UNDER THE NAME NOMURA
SECURITIES COMPANY, WITH CIK NUMBER 0000110097. SUBSEQUENT FILINGS WILL
BE MADE UNDER THE NAME NOMURA HOLDINGS, INC., CIK NUMBER 0001163653.
NOMURA HOLDINGS, INC. (NHI) IS THE PARENT HOLDING COMPANY OF A NUMBER
OF OPERATING SUBSIDIARIES, SOME OF WHICH ARE OR MAY BE INSTITUTIONAL
INVESTMENT MANAGERS FOR THE PURPOSES OF THE REPORTING REQUIREMENTS UNDER
SECTION 13(F) OF THE SECURITIES EXCHANGE ACT OF 1934 (THE ACT) AND THE RULES
PROMULGATED THEREUNDER. NHI ITSELF DOES NOT DIRECTLY EXERCISE INVESTMENT
DISCRETION WITH RESPECT TO ANY SECTION 13(F) SECURITIES POSITIONS. IN
THAT NHI'S OWNERSHIP INTEREST IN SUCH OPERATING SUBSIDIARIES IS DEEMED THE
EXERCISE OF INVESTMENT DISCRETION REGARDING CERTAIN OF SUCH SUBSIDIARIES'
MANAGED ACCOUNTS, THE INFORMATION REQUIRED BY FORM 13F IS REPORTED BY NHI
ON BEHALF OF CERTAIN OF NHI'S OPERATING SUBSIDIARIES WHICH ARE INSTITUTIONAL
INVESTMENT MANAGERS SUBJECT TO SECTION 13(F)OF THE ACT.
Nomura Holdings Inc.
--------------------------------------------------------------------------------
Name of Institutional Investment Manager
1-9-1, Nihonbashi, Chuo-ku, Tokyo 103-8011, Japan
--------------------------------------------------------------------------------
Business Address (Street) (City) (State) (Zip)
13F File Number: 001-15270
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
David A. Leibowitz Head of Compliance and Surveillance 212-667-9387
--------------------------------------------------------------------------------
Name (Title) (Phone)
/s/ David A.Leibowitz
------------------------------------------
(Manual Signature of Person Duly
Authorized to Submit This Report)
New York, NY May 14, 2007
------------------------------------------
(Place and Date of Signing)
Report Type:
[ ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[X] 13F COMBINATION REPORT.
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 4
Form 13F Information Table Entry Total: 642
Form 13F Information Table Value Total: $11,593,118
(thousands)
List of Other Included Managers:
Name and 13F file numbers of ALL Institutional Investment Managers with respect
to which this schedule is filed (other than the one filing this report): (List
in alphabetical order).
13F File No.: Name:
------------- ---------------------
6. 28-05739 Global Funds Management, S.A.
------------- ---------------------
2. 28-04985 Nomura International plc
------------- ---------------------
4. 28-04993 Nomura Securities (Bermuda)
------------- ---------------------
1. 28-04983 Nomura Securities International, Inc.
------------- ---------------------
1Page 1 06-01-31 16:19:43
FORM 13F
INFORMATION TABLE
QUARTER ENDING
03/30/2007
NAME OF ISSUER TITLE CUSIP VALUE SHARES SH PUT INVSTMT OTHER VOTING AUTHORITY
OF CLASS X1000 PRN AMT PRN CALL DSCRETN MANAGERS
------------------------------ ---------- --------- ---------- ------------ --- ---- ------- -------- ----------------
0ACE LTD G0070K103 9,881 000000173179 SH DEFINED 01 SOLE
COOPER INDS LTD G24182100 4,351 000000096729 SH DEFINED 01 SOLE
HERBALIFE LTD G4412G101 1,763 000000045000 SH DEFINED 01 SOLE
INGERSOLL-RAND COMPANY LTD G4776G101 7,075 000000163150 SH DEFINED 01 SOLE
NABORS INDUSTRIES LTD G6359F103 4,486 000000151208 SH DEFINED 01 SOLE
NOBLE CORPORATION G65422100 5,611 000000071319 SH DEFINED 01 SOLE
PXRE GROUP LTD G73018106 1,259 000000262320 SH DEFINED 01 SOLE
SINA CORP G81477104 563 000000016773 SH DEFINED 02 SOLE
TRANSOCEAN INC G90078109 12,686 000000155286 SH DEFINED 01 SOLE
WEATHERFORD INTERNATIONAL LT G95089101 8,083 000000179241 SH DEFINED 01 SOLE
XL CAP LTD G98255105 6,713 000000095967 SH DEFINED 01 SOLE
A D C TELECOMMUNICATIONS 000886309 1,040 000000062157 SH DEFINED 01 SOLE
AFLAC INC 001055102 13,246 000000281482 SH DEFINED 01 SOLE
AES CORP 00130H105 7,576 000000352058 SH DEFINED 01 SOLE
AT&T INC 00206R102 130,503 000003309751 SH DEFINED 01 SOLE
ABBOTT LABS 002824100 45,846 000000821623 SH DEFINED 01 SOLE
ABERCROMBIE & FITCH CO 002896207 549 000000007263 SH DEFINED 01 SOLE
ACCURIDE CORP 004398103 375 000000025700 SH DEFINED 01 SOLE
ADOBE SYS INC 00724F101 13,006 000000311915 SH DEFINED 01 SOLE
AEROFLEX INC 007768104 2,831 000000215307 SH DEFINED 01 SOLE
ADVANCED MICRO DEVICES INC 007903107 3,841 000000294147 SH DEFINED 01 SOLE
AETNA INC NEW 00817Y108 11,985 000000273715 SH DEFINED 01 SOLE
AFFILIATED COMPUTER SERVICES 008190100 3,140 000000053338 SH DEFINED 01 SOLE
AGILENT TECHNOLOGIES INC 00846U101 7,208 000000213954 SH DEFINED 01 SOLE
AIR PRODS & CHEMS INC 009158106 8,485 000000114729 SH DEFINED 01 SOLE
ALCOA INC 013817101 15,624 000000460910 SH DEFINED 01 SOLE
ALLEGHENY ENERGY INC 017361106 4,283 000000087171 SH DEFINED 01 SOLE
ALLEGHENY TECHNOLOGIES INC 01741R102 5,766 000000054048 SH DEFINED 01 SOLE
ALLERGAN INC 018490102 9,026 000000081455 SH DEFINED 01 SOLE
ALLIED WASTE INDS INC 019589308 1,701 000000135159 SH DEFINED 01 SOLE
ALLSTATE CORP 020002101 20,045 000000333765 SH DEFINED 01 SOLE
ALLTEL CORP 020039103 11,838 000000190942 SH DEFINED 01 SOLE
ALTERA CORP 021441100 3,777 000000188982 SH DEFINED 01 SOLE
ALTIRIS INC 02148M100 12,508 000000380096 SH DEFINED 01 SOLE
ALTRIA GROUP INC 02209S103 97,677 000001112371 SH DEFINED 01 SOLE
ALTUS PHARMACEUTICALS INC 02216N105 13,272 000000866624 SH DEFINED 02 SOLE
AMAZON COM INC 023135106 6,559 000000164852 SH DEFINED 01 SOLE
AMBAC FINL GROUP INC 023139108 4,686 000000054243 SH DEFINED 01 SOLE
AMEREN CORP 023608102 5,508 000000109511 SH DEFINED 01 SOLE
AMERICAN ELEC PWR INC 025537101 10,250 000000210259 SH DEFINED 01 SOLE
AMERICAN EXPRESS CO 025816109 36,333 000000644212 SH DEFINED 01 SOLE
AMERICAN INTL GROUP INC 026874107 92,695 000001378988 SH DEFINED 01 SOLE
AMERICAN STD COS INC DEL 029712106 4,910 000000092617 SH DEFINED 01 SOLE
AMERISOURCEBERGEN CORP 03073E105 5,297 000000100424 SH DEFINED 01 SOLE
AMERIPRISE FINL INC 03076C106 7,244 000000126788 SH DEFINED 01 SOLE
AMGEN INC 031162100 34,725 000000621423 SH DEFINED 01 SOLE
1Page 2 07-05-14 11:57:30
0 FORM 13F
INFORMATION TABLE
QUARTER ENDING
03/30/2007
NAME OF ISSUER TITLE CUSIP VALUE SHARES SH PUT INVSTMT OTHER VOTING AUTHORITY
OF CLASS X1000 PRN AMT PRN CALL DSCRETN MANAGERS
------------------------------ ---------- --------- ---------- ------------ --- ---- ------- -------- ----------------
0AMGEN INC 031162100 304 000000005453 SH DEFINED 02 SOLE
ANADARKO PETE CORP 032511107 10,550 000000245464 SH DEFINED 01 SOLE
ANALOG DEVICES INC 032654105 6,100 000000176885 SH DEFINED 01 SOLE
ANHEUSER BUSCH COS INC 035229103 20,404 000000404379 SH DEFINED 01 SOLE
ANNTAYLOR STORES CORP 036115103 211 000000005462 SH DEFINED 01 SOLE
AON CORP 037389103 6,060 000000159650 SH DEFINED 01 SOLE
APACHE CORP 037411105 12,649 000000178923 SH DEFINED 01 SOLE
APARTMENT INVT & MGMT CO 03748R101 2,984 000000051727 SH DEFINED 01 SOLE
APOLLO GROUP INC 037604105 3,256 000000074178 SH DEFINED 01 SOLE
APPLE INC 037833100 42,445 000000456840 SH DEFINED 01 SOLE
APPLE INC 037833100 1,919 000000020665 SH DEFINED 02 SOLE
APPLERA CORP 038020103 2,876 000000097292 SH DEFINED 01 SOLE
APPLIED MATLS INC 038222105 13,716 000000748730 SH DEFINED 01 SOLE
ARCHER DANIELS MIDLAND CO 039483102 12,697 000000345981 SH DEFINED 01 SOLE
ARCHSTONE SMITH TR 039583109 6,340 000000116813 SH DEFINED 01 SOLE
ARMSTRONG WORLD INDS INC 04247X102 2,722 000000053548 SH DEFINED 01 SOLE
ASHLAND INC NEW 044209104 1,939 000000029569 SH DEFINED 01 SOLE
ASSOCIATED BANC CORP 045487105 556 000000016566 SH DEFINED 01 SOLE
ATLAS AIR WORLDWIDE HLDGS 049164205 4,369 000000081642 SH DEFINED 01 SOLE
AUTODESK INC 052769106 4,617 000000122808 SH DEFINED 01 SOLE
AUTOMATIC DATA PROCESSING IN 053015103 15,050 000000310957 SH DEFINED 01 SOLE
AUTONATION INC 05329W102 1,899 000000089411 SH DEFINED 01 SOLE
AUTOZONE INC 053332102 3,380 000000026380 SH DEFINED 01 SOLE
AVALONBAY CMNTYS INC 053484101 5,467 000000042058 SH DEFINED 01 SOLE
AVAYA INC 053499109 2,837 000000240291 SH DEFINED 01 SOLE
AVERY DENNISON CORP 053611109 3,123 000000048611 SH DEFINED 01 SOLE
AVON PRODS INC 054303102 8,711 000000233793 SH DEFINED 01 SOLE
BB&T CORP 054937107 11,784 000000287277 SH DEFINED 01 SOLE
BJ SVCS CO 055482103 4,336 000000155428 SH DEFINED 01 SOLE
BMC SOFTWARE INC 055921100 3,328 000000108112 SH DEFINED 01 SOLE
BAIDU COM INC 056752108 294 000000003048 SH DEFINED 02 SOLE
BAKER HUGHES INC 057224107 11,225 000000169743 SH DEFINED 01 SOLE
BALL CORP 058498106 2,504 000000054624 SH DEFINED 01 SOLE
BANK OF AMERICA CORPORATION 060505104 120,946 000002370580 SH DEFINED 01 SOLE
BANK OF AMERICA CORPORATION 060505104 1,298 000000025451 SH DEFINED 02 SOLE
BANK NEW YORK INC 064057102 35,351 000000871805 SH DEFINED 01 SOLE
BARD C R INC 067383109 4,351 000000054723 SH DEFINED 01 SOLE
BARR PHARMACEUTICALS INC 068306109 2,618 000000056490 SH DEFINED 01 SOLE
BAUSCH & LOMB INC 071707103 1,474 000000028827 SH DEFINED 01 SOLE
BAXTER INTL INC 071813109 18,141 000000344439 SH DEFINED 01 SOLE
BEAR STEARNS COS INC 073902108 9,545 000000063486 SH DEFINED 01 SOLE
BECTON DICKINSON & CO 075887109 9,968 000000129646 SH DEFINED 01 SOLE
BED BATH & BEYOND INC 075896100 6,033 000000150204 SH DEFINED 01 SOLE
BEMIS INC 081437105 1,850 000000055415 SH DEFINED 01 SOLE
BEST BUY INC 086516101 10,454 000000214574 SH DEFINED 01 SOLE
BIG LOTS INC 089302103 1,828 000000058455 SH DEFINED 01 SOLE
1Page 3 07-05-14 11:57:30
0 FORM 13F
INFORMATION TABLE
QUARTER ENDING
03/30/2007
NAME OF ISSUER TITLE CUSIP VALUE SHARES SH PUT INVSTMT OTHER VOTING AUTHORITY
OF CLASS X1000 PRN AMT PRN CALL DSCRETN MANAGERS
------------------------------ ---------- --------- ---------- ------------ --- ---- ------- -------- ----------------
0BIOMET INC 090613100 5,940 000000139817 SH DEFINED 01 SOLE
BIOGEN IDEC INC 09062X103 8,055 000000181514 SH DEFINED 01 SOLE
BIOSITE INC 090945106 4,078 000000048566 SH DEFINED 01 SOLE
BLACK & DECKER CORP 091797100 2,835 000000034740 SH DEFINED 01 SOLE
BLOCK H & R INC 093671105 3,594 000000170836 SH DEFINED 01 SOLE
BOEING CO 097023105 37,356 000000420161 SH DEFINED 01 SOLE
BOSTON PROPERTIES INC 101121101 7,402 000000063050 SH DEFINED 01 SOLE
BOSTON SCIENTIFIC CORP 101137107 9,127 000000627738 SH DEFINED 01 SOLE
BRINKS CO 109696104 3,172 000000050000 SH DEFINED 02 SOLE
BRISTOL MYERS SQUIBB CO 110122108 29,715 000001070437 SH DEFINED 01 SOLE
BRISTOL WEST HLDG S INC 11037M105 4,657 000000210062 SH DEFINED 01 SOLE
BROADCOM CORP 111320107 8,015 000000249934 SH DEFINED 01 SOLE
BROWN & BROWN INC 115236101 319 000000011796 SH DEFINED 01 SOLE
BROWN FORMAN CORP 115637209 2,738 000000041774 SH DEFINED 01 SOLE
BRUNSWICK CORP 117043109 1,533 000000048134 SH DEFINED 01 SOLE
BURLINGTON NORTHN SANTA FE C 12189T104 15,303 000000190267 SH DEFINED 01 SOLE
CB RICHARD ELLIS GROUP INC 12497T101 3,384 000000099009 SH DEFINED 01 SOLE
C H ROBINSON WORLDWIDE INC 12541W209 4,408 000000091748 SH DEFINED 01 SOLE
CIGNA CORP 125509109 7,372 000000051678 SH DEFINED 01 SOLE
CIT GROUP INC 125581108 5,427 000000102564 SH DEFINED 01 SOLE
CMS ENERGY CORP 125896100 2,106 000000118336 SH DEFINED 01 SOLE
CSX CORP 126408103 9,272 000000231527 SH DEFINED 01 SOLE
CVS CORP 126650100 33,724 000000987826 SH DEFINED 01 SOLE
CA INC 12673P105 5,649 000000218034 SH DEFINED 01 SOLE
CABLEVISION SYS CORP 12686C109 1,189 000000039100 SH DEFINED 01 SOLE
CAMPBELL SOUP CO 134429109 5,172 000000132804 SH DEFINED 01 SOLE
CAPITAL ONE FINL CORP 14040H105 17,394 000000230514 SH DEFINED 01 SOLE
CARDINAL HEALTH INC 14149Y108 16,099 000000220692 SH DEFINED 01 SOLE
CARNIVAL CORP 143658300 10,988 000000234496 SH DEFINED 01 SOLE
CATERPILLAR INC DEL 149123101 22,945 000000342314 SH DEFINED 01 SOLE
CBOT HLDGS INC 14984K106 1,653 000000009112 SH DEFINED 01 SOLE
CELGENE CORP 151020104 10,498 000000200125 SH DEFINED 01 SOLE
CENTERPOINT ENERGY INC 15189T107 3,043 000000169655 SH DEFINED 01 SOLE
CENTEX CORP 152312104 2,645 000000063310 SH DEFINED 01 SOLE
CENTURYTEL INC 156700106 2,665 000000058986 SH DEFINED 01 SOLE
CHESAPEAKE ENERGY CORP 165167107 6,702 000000217034 SH DEFINED 01 SOLE
CHEVRON CORP NEW 166764100 84,842 000001147146 SH DEFINED 01 SOLE
CHICAGO MERCANTILE HLDGS INC 167760107 9,849 000000018499 SH DEFINED 01 SOLE
CHUBB CORP 171232101 11,190 000000216578 SH DEFINED 01 SOLE
CIENA CORP 171779309 1,260 000000045113 SH DEFINED 01 SOLE
CINCINNATI FINL CORP 172062101 3,884 000000091611 SH DEFINED 01 SOLE
CIRCUIT CITY STORE INC 172737108 1,398 000000075466 SH DEFINED 01 SOLE
CISCO SYS INC 17275R102 81,955 000003210162 SH DEFINED 01 SOLE
CINTAS CORP 172908105 2,597 000000071948 SH DEFINED 01 SOLE
CITIGROUP INC 172967101 133,412 000002598606 SH DEFINED 01 SOLE
CITIGROUP INC 172967101 1,269 000000024719 SH DEFINED 02 SOLE
1Page 4 07-05-14 11:57:30
0 FORM 13F
INFORMATION TABLE
QUARTER ENDING
03/30/2007
NAME OF ISSUER TITLE CUSIP VALUE SHARES SH PUT INVSTMT OTHER VOTING AUTHORITY
OF CLASS X1000 PRN AMT PRN CALL DSCRETN MANAGERS
------------------------------ ---------- --------- ---------- ------------ --- ---- ------- -------- ----------------
0CITIZENS COMMUNICATIONS CO 17453B101 2,684 000000179550 SH DEFINED 01 SOLE
CITRIX SYS INC 177376100 3,065 000000095717 SH DEFINED 01 SOLE
CLAIRES STORES INC 179584107 6,102 000000190000 SH DEFINED 01 SOLE
CLEAR CHANNEL COMMUNICATIONS 184502102 15,070 000000430106 SH DEFINED 01 SOLE
CLOROX CO DEL 189054109 5,103 000000080134 SH DEFINED 01 SOLE
COACH INC 189754104 9,820 000000196210 SH DEFINED 01 SOLE
COASTAL FINL CORP DEL 19046E105 3,155 000000201909 SH DEFINED 01 SOLE
COCA COLA CO 191216100 51,945 000001082192 SH DEFINED 01 SOLE
COCA COLA CO 191216100 609 000000012688 SH DEFINED 02 SOLE
COCA COLA ENTERPRISES INC 191219104 2,987 000000147520 SH DEFINED 01 SOLE
COGNIZANT TECHNOLOGY SOLUTIO 192446102 6,675 000000075626 SH DEFINED 01 SOLE
COLGATE PALMOLIVE CO 194162103 18,175 000000272133 SH DEFINED 01 SOLE
COLGATE PALMOLIVE CO 194162103 602 000000009020 SH DEFINED 02 SOLE
COMCAST CORP NEW 20030N101 42,779 000001648518 SH DEFINED 01 SOLE
COMCAST CORP NEW 20030N200 984 000000038650 SH DEFINED 01 SOLE
COMERICA INC 200340107 4,942 000000083602 SH DEFINED 01 SOLE
COMMERCE BANCORP INC NJ 200519106 3,318 000000099404 SH DEFINED 01 SOLE
COMPASS BANCSHARES INC 20449H109 5,440 000000079083 SH DEFINED 01 SOLE
COMPUTER SCIENCES CORP 205363104 4,787 000000091840 SH DEFINED 01 SOLE
COMPUWARE CORP 205638109 1,630 000000171864 SH DEFINED 01 SOLE
CONAGRA FOODS INC 205887102 6,848 000000274944 SH DEFINED 01 SOLE
CONOCOPHILLIPS 20825C104 59,858 000000875764 SH DEFINED 01 SOLE
CONSECO INC 208464883 1,156 000000066822 SH DEFINED 01 SOLE
CONSOL ENERGY INC 20854P109 3,785 000000096746 SH DEFINED 01 SOLE
CONSOLIDATED EDISON INC 209115104 6,973 000000136567 SH DEFINED 01 SOLE
CONSTELLATION BRANDS INC 21036P108 2,368 000000111809 SH DEFINED 01 SOLE
CONSTELLATION ENERGY GROUP I 210371100 8,327 000000095769 SH DEFINED 01 SOLE
CONVERGYS CORP 212485106 1,841 000000072460 SH DEFINED 01 SOLE
CORNING INC 219350105 18,920 000000832034 SH DEFINED 01 SOLE
COSTCO WHSL CORP NEW 22160K105 12,907 000000239747 SH DEFINED 01 SOLE
COUNTRYWIDE FINANCIAL CORP 222372104 10,516 000000312631 SH DEFINED 01 SOLE
COVAD COMMUNICATIONS GROUP 222814204 80 000000063499 SH DEFINED 01 SOLE
COVENTRY HEALTH CARE INC 222862104 4,739 000000084563 SH DEFINED 01 SOLE
CTRIP COM INTL LTD 22943F100 380 000000005686 SH DEFINED 02 SOLE
CUMMINS INC 231021106 4,002 000000027655 SH DEFINED 01 SOLE
D R HORTON INC 23331A109 3,183 000000144716 SH DEFINED 01 SOLE
DTE ENERGY CO 233331107 4,497 000000093896 SH DEFINED 01 SOLE
DANAHER CORP DEL 235851102 9,013 000000126154 SH DEFINED 01 SOLE
DARDEN RESTAURANTS INC 237194105 3,170 000000076977 SH DEFINED 01 SOLE
DEAN FOODS CO NEW 242370104 3,194 000000068351 SH DEFINED 01 SOLE
DEERE & CO 244199105 13,117 000000120739 SH DEFINED 01 SOLE
DELL INC 24702R101 28,083 000001209981 SH DEFINED 01 SOLE
DELL INC 24702R101 728 000000031370 SH DEFINED 02 SOLE
DELTA & PINE LD CO 247357106 417 000000010145 SH DEFINED 01 SOLE
DENDRITE INTL INC 248239105 4,529 000000289225 SH DEFINED 01 SOLE
DEVELOPERS DIVERSIFIED RLTY 251591103 4,226 000000067200 SH DEFINED 01 SOLE
1Page 5 07-05-14 11:57:30
0 FORM 13F
INFORMATION TABLE
QUARTER ENDING
03/30/2007
NAME OF ISSUER TITLE CUSIP VALUE SHARES SH PUT INVSTMT OTHER VOTING AUTHORITY
OF CLASS X1000 PRN AMT PRN CALL DSCRETN MANAGERS
------------------------------ ---------- --------- ---------- ------------ --- ---- ------- -------- ----------------
0DEVON ENERGY CORP NEW 25179M103 16,307 000000235592 SH DEFINED 01 SOLE
DIAMONDS TR 252787106 319,360 000002584029 SH DEFINED 01 SOLE
DILLARDS INC 254067101 1,055 000000032262 SH DEFINED 01 SOLE
DIRECTV GROUP INC 25459L106 9,472 000000410610 SH DEFINED 01 SOLE
DISNEY WALT CO 254687106 37,899 000001100781 SH DEFINED 01 SOLE
DOLLAR GEN CORP 256669102 8,785 000000415393 SH DEFINED 01 SOLE
DOMINION RES INC VA NEW 25746U109 16,419 000000184970 SH DEFINED 01 SOLE
DONNELLEY R R & SONS CO 257867101 4,235 000000115762 SH DEFINED 01 SOLE
DOVER CORP 260003108 5,296 000000108504 SH DEFINED 01 SOLE
DOW CHEM CO 260543103 23,316 000000508420 SH DEFINED 01 SOLE
DOW JONES & CO INC 260561105 1,192 000000034600 SH DEFINED 01 SOLE
DU PONT E I DE NEMOURS & CO 263534109 24,212 000000489841 SH DEFINED 01 SOLE
DUKE ENERGY CORP NEW 26441C105 13,520 000000666350 SH DEFINED 01 SOLE
DUQUESNE LT HLDGS INC 266233105 1,689 000000085362 SH DEFINED 01 SOLE
DYAX CORP 26746E103 201 000000048900 SH DEFINED 01 SOLE
DYNEGY INC NEW 26816Q101 1,858 000000200652 SH DEFINED 01 SOLE
E M C CORP MASS 268648102 15,843 000001143924 SH DEFINED 01 SOLE
ENSCO INTL INC 26874Q100 4,348 000000079942 SH DEFINED 01 SOLE
EOG RES INC 26875P101 9,226 000000129335 SH DEFINED 01 SOLE
E TRADE FINANCIAL CORP 269246104 4,804 000000226415 SH DEFINED 01 SOLE
EASTMAN CHEM CO 277432100 2,806 000000044310 SH DEFINED 01 SOLE
EASTMAN KODAK CO 277461109 3,438 000000152395 SH DEFINED 01 SOLE
EATON CORP 278058102 6,476 000000077510 SH DEFINED 01 SOLE
EBAY INC 278642103 20,383 000000614883 SH DEFINED 01 SOLE
ECOLAB INC 278865100 4,056 000000094331 SH DEFINED 01 SOLE
EDISON INTL 281020107 8,484 000000172695 SH DEFINED 01 SOLE
EL PASO CORP 28336L109 5,356 000000370157 SH DEFINED 01 SOLE
ELECTRONIC ARTS INC 285512109 8,276 000000164339 SH DEFINED 01 SOLE
ELECTRONIC DATA SYS NEW 285661104 7,547 000000272677 SH DEFINED 01 SOLE
EMBARQ CORP 29078E105 4,494 000000079756 SH DEFINED 01 SOLE
EMERSON ELEC CO 291011104 18,224 000000422933 SH DEFINED 01 SOLE
ENTERGY CORP NEW 29364G103 11,144 000000106215 SH DEFINED 01 SOLE
EQUIFAX INC 294429105 2,412 000000066181 SH DEFINED 01 SOLE
EQUITY RESIDENTIAL 29476L107 7,516 000000155843 SH DEFINED 01 SOLE
EXELON CORP 30161N101 24,489 000000356419 SH DEFINED 01 SOLE
EXPRESS SCRIPTS INC 302182100 5,802 000000071889 SH DEFINED 01 SOLE
EXXON MOBIL CORP 30231G102 227,694 000003017822 SH DEFINED 01 SOLE
F M C CORP 302491303 271 000000003594 SH DEFINED 01 SOLE
FPL GROUP INC 302571104 13,150 000000214985 SH DEFINED 01 SOLE
FTI CONSULTING INC 302941109 797 000000023750 SH DEFINED 01 SOLE
FAMILY DLR STORES INC 307000109 2,379 000000080333 SH DEFINED 01 SOLE
FEDERAL HOME LN MTG CORP 313400301 21,852 000000367331 SH DEFINED 01 SOLE
FEDERAL NATL MTG ASSN 313586109 28,073 000000514349 SH DEFINED 01 SOLE
FEDERATED DEPT STORES INC DE 31410H101 12,540 000000278362 SH DEFINED 01 SOLE
FEDERATED INVS INC PA 314211103 1,731 000000047159 SH DEFINED 01 SOLE
FEDEX CORP 31428X106 17,692 000000164686 SH DEFINED 01 SOLE
1Page 6 07-05-14 11:57:30
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INFORMATION TABLE
QUARTER ENDING
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NAME OF ISSUER TITLE CUSIP VALUE SHARES SH PUT INVSTMT OTHER VOTING AUTHORITY
OF CLASS X1000 PRN AMT PRN CALL DSCRETN MANAGERS
------------------------------ ---------- --------- ---------- ------------ --- ---- ------- -------- ----------------
0FIDELITY NATL INFORMATION SV 31620M106 3,923 000000086301 SH DEFINED 01 SOLE
FIFTH THIRD BANCORP 316773100 11,407 000000294845 SH DEFINED 01 SOLE
FIRST AMERN CORP CALIF 318522307 448 000000008835 SH DEFINED 01 SOLE
FIRST DATA CORP 319963104 11,062 000000411228 SH DEFINED 01 SOLE
FIRST HORIZON NATL CORP 320517105 2,758 000000066433 SH DEFINED 01 SOLE
FIRST REP BK SAN FRANCISCO 336158100 13,564 000000252604 SH DEFINED 01 SOLE
FISERV INC 337738108 4,797 000000090421 SH DEFINED 01 SOLE
FIRSTENERGY CORP 337932107 11,207 000000169194 SH DEFINED 01 SOLE
FLORIDA ROCK INDS INC 341140101 4,710 000000070000 SH DEFINED 01 SOLE
FLUOR CORP NEW 343412102 4,177 000000046564 SH DEFINED 01 SOLE
FORD MTR CO DEL 345370860 7,915 000001003250 SH DEFINED 01 SOLE
FOREST LABS INC 345838106 8,666 000000168479 SH DEFINED 01 SOLE
FORTUNE BRANDS INC 349631101 6,366 000000080771 SH DEFINED 01 SOLE
FOUR SEASONS HOTEL INC 35100E104 12,558 000000156400 SH DEFINED 01 SOLE
FRANKLIN RES INC 354613101 10,721 000000088735 SH DEFINED 01 SOLE
FREEPORT-MCMORAN COPPER & GO 35671D857 13,150 000000198678 SH DEFINED 01 SOLE
GANNETT INC 364730101 7,006 000000124469 SH DEFINED 01 SOLE
GAP INC DEL 364760108 4,806 000000279284 SH DEFINED 01 SOLE
GENERAL DYNAMICS CORP 369550108 16,430 000000215054 SH DEFINED 01 SOLE
GENERAL ELECTRIC CO 369604103 192,734 000005450633 SH DEFINED 01 SOLE
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GENERAL MLS INC 370334104 10,651 000000182951 SH DEFINED 01 SOLE
GENERAL MTRS CORP 370442105 9,186 000000299807 SH DEFINED 01 SOLE
GENESIS HEALTHCARE CORP 37184D101 4,107 000000065080 SH DEFINED 01 SOLE
GENUINE PARTS CO 372460105 4,430 000000090412 SH DEFINED 01 SOLE
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GENZYME CORP 372917104 8,381 000000139642 SH DEFINED 01 SOLE
GERDAU S A 373737105 432 000000023880 SH DEFINED 02 SOLE
GILEAD SCIENCES INC 375558103 18,878 000000246297 SH DEFINED 01 SOLE
GOL LINHAS AEREAS INTLG S A 38045R107 1,735 000000057022 SH DEFINED 02 SOLE
GOLDMAN SACHS GROUP INC 38141G104 45,054 000000218042 SH DEFINED 01 SOLE
GOODRICH CORP 382388106 3,421 000000066456 SH DEFINED 01 SOLE
GOODYEAR TIRE & RUBR CO 382550101 5,200 000000166742 SH DEFINED 01 SOLE
GOODYEAR TIRE & RUBR CO 382550101 2,331 000000074750 SH DEFINED 01 SOLE
GOOGLE INC 38259P508 52,860 000000115375 SH DEFINED 01 SOLE
GOVERNMENT PPTYS TR INC 38374W107 2,611 000000244100 SH DEFINED 01 SOLE
GRACE W R & CO DEL NEW 38388F108 2,606 000000098650 SH DEFINED 01 SOLE
GRAINGER W W INC 384802104 2,934 000000037996 SH DEFINED 01 SOLE
HALLIBURTON CO 406216101 19,984 000000629621 SH DEFINED 01 SOLE
HARLEY DAVIDSON INC 412822108 8,020 000000136515 SH DEFINED 01 SOLE
HARMAN INTL INDS INC 413086109 3,332 000000034689 SH DEFINED 01 SOLE
HARRAHS ENTMT INC 413619107 15,099 000000178802 SH DEFINED 01 SOLE
HARTFORD FINL SVCS GROUP INC 416515104 16,471 000000172331 SH DEFINED 01 SOLE
HASBRO INC 418056107 2,440 000000085283 SH DEFINED 01 SOLE
HEINZ H J CO 423074103 8,113 000000172184 SH DEFINED 01 SOLE
HERCULES INC 427056106 1,215 000000062186 SH DEFINED 01 SOLE
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NAME OF ISSUER TITLE CUSIP VALUE SHARES SH PUT INVSTMT OTHER VOTING AUTHORITY
OF CLASS X1000 PRN AMT PRN CALL DSCRETN MANAGERS
------------------------------ ---------- --------- ---------- ------------ --- ---- ------- -------- ----------------
0HERSHEY CO 427866108 5,015 000000091763 SH DEFINED 01 SOLE
HESS CORP 42809H107 7,943 000000143204 SH DEFINED 01 SOLE
HEWLETT PACKARD CO 428236103 56,945 000001418669 SH DEFINED 01 SOLE
HILTON HOTELS CORP 432848109 7,413 000000206166 SH DEFINED 01 SOLE
HOME DEPOT INC 437076102 39,744 000001081775 SH DEFINED 01 SOLE
HOME DEPOT INC 437076102 403 000000010985 SH DEFINED 02 SOLE
HONEYWELL INTL INC 438516106 19,677 000000427213 SH DEFINED 01 SOLE
HORNBECK OFFSHORE SVCS INC N 440543106 1,515 000000052900 SH DEFINED 01 SOLE
HOSPIRA INC 441060100 3,378 000000082616 SH DEFINED 01 SOLE
HOST HOTELS & RESORTS INC 44107P104 7,262 000000276052 SH DEFINED 01 SOLE
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HUMANA INC 444859102 5,127 000000088373 SH DEFINED 01 SOLE
HUNTINGTON BANCSHARES INC 446150104 2,727 000000124828 SH DEFINED 01 SOLE
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IAC INTERACTIVECORP 44919P300 4,340 000000115103 SH DEFINED 01 SOLE
ICO GLOBAL COMM HLDGS LTD 44930K108 992 000000254429 SH DEFINED 01 SOLE
IMS HEALTH INC 449934108 3,067 000000103437 SH DEFINED 01 SOLE
ITT CORP NEW 450911102 5,812 000000096358 SH DEFINED 01 SOLE
IDENIX PHARMACEUTICALS INC 45166R204 2,226 000000301476 SH DEFINED 02 SOLE
ILLINOIS TOOL WKS INC 452308109 11,506 000000222991 SH DEFINED 01 SOLE
INFRASOURCE SVCS INC 45684P102 3,306 000000108309 SH DEFINED 01 SOLE
INTEL CORP 458140100 58,477 000003056836 SH DEFINED 01 SOLE
INTEGRYS ENERGY GROUP INC 45822P105 2,212 000000039860 SH DEFINED 01 SOLE
INTERNATIONAL BUSINESS MACHS 459200101 75,221 000000798022 SH DEFINED 01 SOLE
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INTERNATIONAL FLAVORS&FRAGRA 459506101 1,955 000000041404 SH DEFINED 01 SOLE
INTERNATIONAL GAME TECHNOLOG 459902102 7,240 000000179306 SH DEFINED 01 SOLE
INTL PAPER CO 460146103 8,732 000000239893 SH DEFINED 01 SOLE
INTERPUBLIC GROUP COS INC 460690100 3,058 000000248439 SH DEFINED 01 SOLE
INTRALASE CORP 461169104 8,063 000000322801 SH DEFINED 01 SOLE
INTUIT 461202103 4,968 000000181582 SH DEFINED 01 SOLE
INVESTORS FINL SERVICES CORP 461915100 11,630 000000200000 SH DEFINED 01 SOLE
ISHARES COMEX GOL D TR 464285105 3,813 000000057930 SH DEFINED 02 SOLE
ISHARES INC 464286608 2,382 000000021999 SH DEFINED 02 SOLE
ISHARES INC 464286699 1,883 000000078253 SH DEFINED 02 SOLE
ISHARES INC 464286822 2,337 000000043000 SH DEFINED 02 SOLE
ISHARES TR 464287234 7,371 000000063275 SH DEFINED 02 SOLE
ISHARES TR 464287390 2,414 000000013539 SH DEFINED 02 SOLE
JDS UNIPHASE CORP 46612J507 1,704 000000111940 SH DEFINED 01 SOLE
JP MORGAN CHASE & CO 46625H100 89,070 000001841070 SH DEFINED 01 SOLE
JABIL CIRCUIT INC 466313103 2,095 000000097896 SH DEFINED 01 SOLE
JANUS CAP GROUP INC 47102X105 2,102 000000100568 SH DEFINED 01 SOLE
JOHNSON & JOHNSON 478160104 92,440 000001534027 SH DEFINED 01 SOLE
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NAME OF ISSUER TITLE CUSIP VALUE SHARES SH PUT INVSTMT OTHER VOTING AUTHORITY
OF CLASS X1000 PRN AMT PRN CALL DSCRETN MANAGERS
------------------------------ ---------- --------- ---------- ------------ --- ---- ------- -------- ----------------
0JOHNSON & JOHNSON 478160104 546 000000009074 SH DEFINED 02 SOLE
JOHNSON CTLS INC 478366107 9,854 000000104153 SH DEFINED 01 SOLE
JONES APPAREL GROUP INC 480074103 1,765 000000057462 SH DEFINED 01 SOLE
JUNIPER NETWORKS INC 48203R104 5,937 000000301722 SH DEFINED 01 SOLE
KLA-TENCOR CORP 482480100 5,644 000000105863 SH DEFINED 01 SOLE
KB HOME 48666K109 1,738 000000040753 SH DEFINED 01 SOLE
KELLOGG CO 487836108 6,834 000000132892 SH DEFINED 01 SOLE
KEYCORP NEW 493267108 7,862 000000209845 SH DEFINED 01 SOLE
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KIMBERLY CLARK CORP 494368103 16,769 000000244845 SH DEFINED 01 SOLE
KIMCO REALTY CORP 49446R109 5,839 000000119816 SH DEFINED 01 SOLE
KINDER MORGAN INC KANS 49455P101 16,740 000000157261 SH DEFINED 01 SOLE
KING PHARMACEUTICALS INC 495582108 2,535 000000128910 SH DEFINED 01 SOLE
KOHLS CORP 500255104 13,279 000000173336 SH DEFINED 01 SOLE
KROGER CO 501044101 17,663 000000625260 SH DEFINED 01 SOLE
KRONOS INC 501052104 2,682 000000050131 SH DEFINED 01 SOLE
LSI LOGIC CORP 502161102 2,237 000000214359 SH DEFINED 01 SOLE
L-3 COMMUNICATIONS HLDGS INC 502424104 5,772 000000065998 SH DEFINED 01 SOLE
LABORATORY CORP AMER HLDGS 50540R409 5,577 000000076791 SH DEFINED 01 SOLE
LAUDER ESTEE COS INC 518439104 3,011 000000061648 SH DEFINED 01 SOLE
LEGGETT & PLATT INC 524660107 2,131 000000094032 SH DEFINED 01 SOLE
LEGG MASON INC 524901105 6,566 000000069705 SH DEFINED 01 SOLE
LEHMAN BROS HLDGS INC 524908100 19,539 000000278857 SH DEFINED 01 SOLE
LENNAR CORP 526057104 3,086 000000073133 SH DEFINED 01 SOLE
LEXMARK INTL NEW 529771107 2,975 000000050905 SH DEFINED 01 SOLE
LILLY ELI & CO 532457108 28,340 000000527662 SH DEFINED 01 SOLE
LIMITED BRANDS INC 532716107 4,724 000000181292 SH DEFINED 01 SOLE
LINCOLN NATL CORP IND 534187109 9,946 000000146721 SH DEFINED 01 SOLE
LINEAR TECHNOLOGY CORP 535678106 5,011 000000158643 SH DEFINED 01 SOLE
LIZ CLAIBORNE INC 539320101 2,348 000000054818 SH DEFINED 01 SOLE
LOCKHEED MARTIN CORP 539830109 18,249 000000188105 SH DEFINED 01 SOLE
LOEWS CORP 540424108 11,084 000000243995 SH DEFINED 01 SOLE
LOWES COS INC 548661107 25,417 000000807173 SH DEFINED 01 SOLE
M & T BK CORP 55261F104 4,718 000000040733 SH DEFINED 01 SOLE
MBIA INC 55262C100 4,679 000000071447 SH DEFINED 01 SOLE
MGIC INVT CORP WIS 552848103 2,786 000000047299 SH DEFINED 01 SOLE
MACDERMID INC 554273102 446 000000012813 SH DEFINED 01 SOLE
MAGELLAN HEALTH SVCS INC 559079207 4,208 000000100202 SH DEFINED 01 SOLE
MANOR CARE INC NEW 564055101 2,101 000000038660 SH DEFINED 01 SOLE
MAPINFO CORP 565105103 2,099 000000104317 SH DEFINED 01 SOLE
MARATHON OIL CORP 565849106 18,177 000000183924 SH DEFINED 01 SOLE
MARSH & MCLENNAN COS INC 571748102 8,581 000000293001 SH DEFINED 01 SOLE
MARSHALL & ILSLEY CORP 571834100 6,277 000000135544 SH DEFINED 01 SOLE
MARRIOTT INTL INC NEW 571903202 8,557 000000174789 SH DEFINED 01 SOLE
MASCO CORP 574599106 5,687 000000207571 SH DEFINED 01 SOLE
MATTEL INC 577081102 5,745 000000208399 SH DEFINED 01 SOLE
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NAME OF ISSUER TITLE CUSIP VALUE SHARES SH PUT INVSTMT OTHER VOTING AUTHORITY
OF CLASS X1000 PRN AMT PRN CALL DSCRETN MANAGERS
------------------------------ ---------- --------- ---------- ------------ --- ---- ------- -------- ----------------
0MAXIM INTEGRATED PRODS INC 57772K101 4,997 000000169980 SH DEFINED 01 SOLE
MCDONALDS CORP 580135101 28,823 000000639819 SH DEFINED 01 SOLE
MCGRAW HILL COS INC 580645109 11,829 000000188133 SH DEFINED 01 SOLE
MCKESSON CORP 58155Q103 9,165 000000156572 SH DEFINED 01 SOLE
MEADWESTVACO CORP 583334107 2,982 000000096715 SH DEFINED 01 SOLE
MEDCO HEALTH SOLUTIONS INC 58405U102 11,132 000000153486 SH DEFINED 01 SOLE
MEDIMMUNE INC 584699102 4,585 000000126018 SH DEFINED 01 SOLE
MEDTRONIC INC 585055106 29,946 000000610399 SH DEFINED 01 SOLE
MELLON FINL CORP 58551A108 9,511 000000220483 SH DEFINED 01 SOLE
MERCK & CO INC 589331107 50,996 000001154557 SH DEFINED 01 SOLE
MEREDITH CORP 589433101 1,184 000000020635 SH DEFINED 01 SOLE
MERRILL LYNCH & CO INC 590188108 38,283 000000468755 SH DEFINED 01 SOLE
METLIFE INC 59156R108 25,731 000000407461 SH DEFINED 01 SOLE
MICROSOFT CORP 594918104 127,475 000004573916 SH DEFINED 01 SOLE
MICROSOFT CORP 594918104 651 000000023392 SH DEFINED 02 SOLE
MICRON TECHNOLOGY INC 595112103 4,833 000000400088 SH DEFINED 01 SOLE
MID-STATE BANCSHA RES 595440108 10,093 000000275091 SH DEFINED 01 SOLE
MIDCAP SPDR TR 595635103 10,913 000000070606 SH DEFINED 01 SOLE
MILLIPORE CORP 601073109 2,073 000000028615 SH DEFINED 01 SOLE
MILLS CORP 601148109 5,053 000000200231 SH DEFINED 01 SOLE
MIRANT CORP NEW 60467R100 1,881 000000046514 SH DEFINED 01 SOLE
MOLEX INC 608554101 2,119 000000075150 SH DEFINED 01 SOLE
MOLSON COORS BREWING CO 60871R209 2,350 000000024845 SH DEFINED 01 SOLE
MONSANTO CO NEW 61166W101 15,833 000000288086 SH DEFINED 01 SOLE
MONSTER WORLDWIDE INC 611742107 3,226 000000068103 SH DEFINED 01 SOLE
MOODYS CORP 615369105 7,695 000000123998 SH DEFINED 01 SOLE
MORGAN STANLEY 617446448 44,443 000000564288 SH DEFINED 01 SOLE
MUELLER WTR PRODS INC 624758207 706 000000052792 SH DEFINED 01 SOLE
MURPHY OIL CORP 626717102 5,311 000000099457 SH DEFINED 01 SOLE
MYLAN LABS INC 628530107 2,742 000000129732 SH DEFINED 01 SOLE
NCR CORP NEW 62886E108 4,532 000000094881 SH DEFINED 01 SOLE
NPS PHARMACEUTICALS INC 62936P103 520 000000153573 SH DEFINED 01 SOLE
NRG ENERGY INC 629377508 1,685 000000023400 SH DEFINED 01 SOLE
NASDAQ 100 TR 631100104 1,055,521 000024248128 SH DEFINED 01 SOLE
NATIONAL CITY CORP 635405103 11,698 000000314054 SH DEFINED 01 SOLE
NATIONAL OILWELL VARCO INC 637071101 7,249 000000093199 SH DEFINED 01 SOLE
NATIONAL SEMICONDUCTOR CORP 637640103 3,628 000000150331 SH DEFINED 01 SOLE
NETRATINGS INC 64116M108 4,666 000000224335 SH DEFINED 01 SOLE
NETWORK APPLIANCE INC 64120L104 7,182 000000196681 SH DEFINED 01 SOLE
NEW PLAN EXCEL RLTY TR INC 648053106 13,542 000000410000 SH DEFINED 01 SOLE
NEW RIV PHARMACEUTICALS INC 648468205 12,730 000000200065 SH DEFINED 01 SOLE
NEW YORK TIMES CO 650111107 1,794 000000076310 SH DEFINED 01 SOLE
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NEWMONT MINING CORP 651639106 10,036 000000239027 SH DEFINED 01 SOLE
NEWS CORP 65248E104 28,752 000001243629 SH DEFINED 01 SOLE
NEXEN INC 65334H102 1,839 000000030000 SH DEFINED 02 SOLE
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NAME OF ISSUER TITLE CUSIP VALUE SHARES SH PUT INVSTMT OTHER VOTING AUTHORITY
OF CLASS X1000 PRN AMT PRN CALL DSCRETN MANAGERS
------------------------------ ---------- --------- ---------- ------------ --- ---- ------- -------- ----------------
0NICOR INC 654086107 1,160 000000023961 SH DEFINED 01 SOLE
NIKE INC 654106103 10,735 000000101034 SH DEFINED 01 SOLE
NIKE INC 654106103 352 000000006644 SH DEFINED 02 SOLE
NISOURCE INC 65473P105 3,547 000000145155 SH DEFINED 01 SOLE
NORDSTROM INC 655664100 6,419 000000121256 SH DEFINED 01 SOLE
NORFOLK SOUTHERN CORP 655844108 10,647 000000210423 SH DEFINED 01 SOLE
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NORTHROP GRUMMAN CORP 666807102 14,593 000000196631 SH DEFINED 01 SOLE
NORTHWESTERN CORP 668074305 2,130 000000060145 SH DEFINED 01 SOLE
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NOVELL INC 670006105 1,297 000000179689 SH DEFINED 01 SOLE
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NUCOR CORP 670346105 10,395 000000159614 SH DEFINED 01 SOLE
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OCCIDENTAL PETE CORP DEL 674599105 22,709 000000460548 SH DEFINED 01 SOLE
OFFICEMAX INC DEL 67622P101 2,097 000000039765 SH DEFINED 01 SOLE
OFFICE DEPOT INC 676220106 5,812 000000165410 SH DEFINED 01 SOLE
OMNICOM GROUP INC 681919106 9,068 000000088574 SH DEFINED 01 SOLE
ORACLE CORP 68389X105 38,346 000002115075 SH DEFINED 01 SOLE
OWENS CORNING NEW 690742101 5,726 000000179737 SH DEFINED 01 SOLE
PG&E CORP 69331C108 8,975 000000185950 SH DEFINED 01 SOLE
PHH CORP 693320202 1,565 000000051218 SH DEFINED 01 SOLE
PMC-SIERRA INC 69344F106 789 000000112577 SH DEFINED 01 SOLE
PNC FINL SVCS GROUP INC 693475105 13,205 000000183480 SH DEFINED 01 SOLE
PPG INDS INC 693506107 6,111 000000086926 SH DEFINED 01 SOLE
PPL CORP 69351T106 8,348 000000204118 SH DEFINED 01 SOLE
PACCAR INC 693718108 9,658 000000131588 SH DEFINED 01 SOLE
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PALL CORP 696429307 2,477 000000065197 SH DEFINED 01 SOLE
PARKER HANNIFIN CORP 701094104 5,297 000000061380 SH DEFINED 01 SOLE
PATHMARK STORES INC NEW 70322A101 1,538 000000120213 SH DEFINED 01 SOLE
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PAYCHEX INC 704326107 6,808 000000179782 SH DEFINED 01 SOLE
PEABODY ENERGY CORP 704549104 5,645 000000140295 SH DEFINED 01 SOLE
PENNEY J C INC 708160106 9,797 000000119251 SH DEFINED 01 SOLE
PENNFED FINL SVCS INC 708167101 6,501 000000300039 SH DEFINED 01 SOLE
PEPSI BOTTLING GROUP INC 713409100 2,222 000000069686 SH DEFINED 01 SOLE
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PERKINELMER INC 714046109 1,564 000000064577 SH DEFINED 01 SOLE
PETROLEUM GEO SVCS ASA NEW 716599105 775 000000029800 SH DEFINED 01 SOLE
PFIZER INC 717081103 95,850 000003794558 SH DEFINED 01 SOLE
PINNACLE WEST CAP CORP 723484101 2,557 000000053010 SH DEFINED 01 SOLE
PITNEY BOWES INC 724479100 5,300 000000116768 SH DEFINED 01 SOLE
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PLUM CREEK TIMBER CO INC 729251108 3,705 000000093988 SH DEFINED 01 SOLE
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NAME OF ISSUER TITLE CUSIP VALUE SHARES SH PUT INVSTMT OTHER VOTING AUTHORITY
OF CLASS X1000 PRN AMT PRN CALL DSCRETN MANAGERS
------------------------------ ---------- --------- ---------- ------------ --- ---- ------- -------- ----------------
0POLO RALPH LAUREN CORP 731572103 2,862 000000032474 SH DEFINED 01 SOLE
PRAXAIR INC 74005P104 10,691 000000169811 SH DEFINED 01 SOLE
PRICE T ROWE GROUP INC 74144T108 6,636 000000140625 SH DEFINED 01 SOLE
PRINCIPAL FINANCIAL GROUP IN 74251V102 8,500 000000141989 SH DEFINED 01 SOLE
PROCTER & GAMBLE CO 742718109 106,340 000001683661 SH DEFINED 01 SOLE
PROCTER & GAMBLE CO 742718109 799 000000012658 SH DEFINED 02 SOLE
PROGRESS ENERGY INC 743263105 6,873 000000136280 SH DEFINED 01 SOLE
PROGRESSIVE CORP OHIO 743315103 8,610 000000394616 SH DEFINED 01 SOLE
PROLOGIS 743410102 8,818 000000135819 SH DEFINED 01 SOLE
PRUDENTIAL FINL INC 744320102 23,133 000000256299 SH DEFINED 01 SOLE
PUBLIC SVC ENTERPRISE GROUP 744573106 11,125 000000133983 SH DEFINED 01 SOLE
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PULTE HOMES INC 745867101 2,980 000000112630 SH DEFINED 01 SOLE
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QUALCOMM INC 747525103 37,713 000000884052 SH DEFINED 01 SOLE
QUEST DIAGNOSTICS INC 74834L100 4,322 000000086670 SH DEFINED 01 SOLE
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R H DONNELLEY CORP 74955W307 1,162 000000016400 SH DEFINED 01 SOLE
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RAYTHEON CO 755111507 12,407 000000236511 SH DEFINED 01 SOLE
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REGIONS FINANCIAL CORP NEW 7591EP100 13,718 000000387869 SH DEFINED 01 SOLE
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ROHM & HAAS CO 775371107 3,902 000000075464 SH DEFINED 01 SOLE
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SPDR TR 78462F103 2,383,301 000016783813 SH DEFINED 01 SOLE
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ST JUDE MED INC 790849103 6,862 000000182464 SH DEFINED 01 SOLE
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SCHWAB CHARLES CORP NEW 808513105 10,131 000000553913 SH DEFINED 01 SOLE
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NAME OF ISSUER TITLE CUSIP VALUE SHARES SH PUT INVSTMT OTHER VOTING AUTHORITY
OF CLASS X1000 PRN AMT PRN CALL DSCRETN MANAGERS
------------------------------ ---------- --------- ---------- ------------ --- ---- ------- -------- ----------------
0SCOTTS MIRACLE GRO CO 810186106 265 000000006040 SH DEFINED 01 SOLE
SCRIPPS E W CO OHIO 811054204 1,975 000000044222 SH DEFINED 01 SOLE
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SEARS HLDGS CORP 812350106 7,936 000000044051 SH DEFINED 01 SOLE
SELECT SECTOR SPDR TR 81369Y100 247,940 000006516178 SH DEFINED 01 SOLE
SEMPRA ENERGY 816851109 8,502 000000139358 SH DEFINED 01 SOLE
SERVICEMASTER CO 81760N109 1,626 000000105700 SH DEFINED 01 SOLE
SHERWIN WILLIAMS CO 824348106 3,909 000000059192 SH DEFINED 01 SOLE
SIERRA HEALTH SVCS INC 826322109 2,552 000000062000 SH DEFINED 01 SOLE
SIGMA ALDRICH CORP 826552101 2,906 000000070001 SH DEFINED 01 SOLE
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SKY FINL GROUP INC 83080P103 534 000000019900 SH DEFINED 01 SOLE
SMART & FINAL INC 831683107 780 000000035857 SH DEFINED 01 SOLE
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INFORMATION TABLE
QUARTER ENDING
03/30/2007
NAME OF ISSUER TITLE CUSIP VALUE SHARES SH PUT INVSTMT OTHER VOTING AUTHORITY
OF CLASS X1000 PRN AMT PRN CALL DSCRETN MANAGERS
------------------------------ ---------- --------- ---------- ------------ --- ---- ------- -------- ----------------
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INFORMATION TABLE
QUARTER ENDING
03/30/2007
NAME OF ISSUER TITLE CUSIP VALUE SHARES SH PUT INVSTMT OTHER VOTING AUTHORITY
OF CLASS X1000 PRN AMT PRN CALL DSCRETN MANAGERS
------------------------------ ---------- --------- ---------- ------------ --- ---- ------- -------- ----------------
0VALERO ENERGY CORP NEW 91913Y100 20,650 000000320208 SH DEFINED 01 SOLE
VARIAN MED SYS INC 92220P105 3,246 000000068083 SH DEFINED 01 SOLE
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WELLS FARGO & CO NEW 949746101 61,659 000001790858 SH DEFINED 01 SOLE
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WENDYS INTL INC 950590109 1,588 000000050754 SH DEFINED 01 SOLE
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