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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 September 30, 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 November 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: 648
Form 13F Information Table Value Total: $9,864,912
(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 07-08-13 14:21:11
FORM 13F
INFORMATION TABLE
QUARTER ENDING
09/30/2007
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 5,042 000000083247 SH DEFINED 01 SOLE
COOPER INDS LTD G24182100 2,374 000000046479 SH DEFINED 01 SOLE
COVIDIEN LTD G2552X108 5,220 000000125804 SH DEFINED 01 SOLE
INGERSOLL-RAND COMPANY LTD G4776G101 3,950 000000072534 SH DEFINED 01 SOLE
NABORS INDUSTRIES LTD G6359F103 2,189 000000071152 SH DEFINED 01 SOLE
NOBLE CORPORATION G65422100 3,332 000000067940 SH DEFINED 01 SOLE
SINA CORP G81477104 504 000000010538 SH DEFINED 02 SOLE
TRANSOCEAN INC G90078109 8,320 000000073598 SH DEFINED 01 SOLE
TYCO INTL LTD BERMUDA G9143X208 5,577 000000125794 SH DEFINED 01 SOLE
TYCO ELECTRONICS LTD G9144P105 4,457 000000125808 SH DEFINED 01 SOLE
WEATHERFORD INTERNATIONAL LT G95089101 5,728 000000085271 SH DEFINED 01 SOLE
XL CAP LTD G98255105 3,642 000000045987 SH DEFINED 01 SOLE
MILLICOM INTL CELLULAR S A L6388F110 1,879 000000022400 SH DEFINED 01 SOLE
AFLAC INC 001055102 7,050 000000123602 SH DEFINED 01 SOLE
AES CORP 00130H105 3,390 000000169180 SH DEFINED 01 SOLE
AT&T INC 00206R102 65,296 000001543281 SH DEFINED 01 SOLE
AT&T INC 00206R102 239 000000005669 SH DEFINED 02 SOLE
ABBOTT LABS 002824100 20,968 000000391061 SH DEFINED 01 SOLE
ABERCROMBIE & FITCH CO 002896207 1,769 000000021930 SH DEFINED 01 SOLE
ADOBE SYS INC 00724F101 6,500 000000148896 SH DEFINED 01 SOLE
ADVANCED MICRO DEVICES INC 007903107 1,837 000000139167 SH DEFINED 01 SOLE
AETNA INC NEW 00817Y108 7,082 000000130501 SH DEFINED 01 SOLE
AFFILIATED COMPUTER SERVICES 008190100 1,265 000000025193 SH DEFINED 01 SOLE
AGILENT TECHNOLOGIES INC 00846U101 3,607 000000097814 SH DEFINED 01 SOLE
AIR PRODS & CHEMS INC 009158106 5,345 000000054678 SH DEFINED 01 SOLE
AKAMAI TECHNOLOGIES INC 00971T101 1,203 000000041904 SH DEFINED 01 SOLE
ALCOA INC 013817101 8,750 000000223690 SH DEFINED 01 SOLE
ALLEGHENY ENERGY INC 017361106 2,196 000000042022 SH DEFINED 01 SOLE
ALLEGHENY TECHNOLOGIES INC 01741R102 2,844 000000025867 SH DEFINED 01 SOLE
ALLERGAN INC 018490102 5,016 000000077809 SH DEFINED 01 SOLE
ALLIANCE DATA SYSTEMS CORP 018581108 580 000000007500 SH DEFINED 01 SOLE
ALLIED WASTE INDS INC 019589308 930 000000072967 SH DEFINED 01 SOLE
ALLSTATE CORP 020002101 8,465 000000148026 SH DEFINED 01 SOLE
ALLTEL CORP 020039103 6,178 000000088667 SH DEFINED 01 SOLE
ALTERA CORP 021441100 2,169 000000090098 SH DEFINED 01 SOLE
ALTRIA GROUP INC 02209S103 37,066 000000533096 SH DEFINED 01 SOLE
ALTUS PHARMACEUTICALS INC 02216N105 9,129 000000866624 SH DEFINED 02 SOLE
AMAZON COM INC 023135106 7,203 000000077329 SH DEFINED 01 SOLE
AMBAC FINL GROUP INC 023139108 1,619 000000025743 SH DEFINED 01 SOLE
AMEREN CORP 023608102 2,757 000000052528 SH DEFINED 01 SOLE
AMERICAN CAPITAL STRATEGIES 024937104 2,032 000000047555 SH DEFINED 01 SOLE
AMERICAN ELEC PWR INC 025537101 4,654 000000101013 SH DEFINED 01 SOLE
AMERICAN EXPRESS CO 025816109 17,770 000000299317 SH DEFINED 01 SOLE
AMERICAN INTL GROUP INC 026874107 43,897 000000648887 SH DEFINED 01 SOLE
AMERICAN RAILCAR INDS INC 02916P103 538 000000024450 SH DEFINED 01 SOLE
AMERICAN STD COS INC DEL 029712106 1,689 000000047422 SH DEFINED 01 SOLE
1Page 2 07-11-13 12:03:17
0 FORM 13F
INFORMATION TABLE
QUARTER ENDING
09/30/2007
NAME OF ISSUER TITLE CUSIP VALUE SHARES SH PUT INVSTMT OTHER VOTING AUTHORITY
OF CLASS X1000 PRN AMT PRN CALL DSCRETN MANAGERS
------------------------------ ---------- --------- ---------- ------------ --- ---- ------- -------- ----------------
0AMERISOURCEBERGEN CORP 03073E105 2,066 000000045592 SH DEFINED 01 SOLE
AMERIPRISE FINL INC 03076C106 3,757 000000059534 SH DEFINED 01 SOLE
AMGEN INC 031162100 15,555 000000274986 SH DEFINED 01 SOLE
ANADARKO PETE CORP 032511107 6,309 000000117378 SH DEFINED 01 SOLE
ANALOG DEVICES INC 032654105 2,847 000000078737 SH DEFINED 01 SOLE
ANHEUSER BUSCH COS INC 035229103 9,481 000000189664 SH DEFINED 01 SOLE
AON CORP 037389103 3,319 000000074083 SH DEFINED 01 SOLE
APACHE CORP 037411105 7,565 000000084010 SH DEFINED 01 SOLE
APARTMENT INVT & MGMT CO 03748R101 1,104 000000024478 SH DEFINED 01 SOLE
APOLLO GROUP INC 037604105 2,162 000000035955 SH DEFINED 01 SOLE
APPLE INC 037833100 33,832 000000220453 SH DEFINED 01 SOLE
APPLERA CORP 038020103 1,607 000000046404 SH DEFINED 01 SOLE
APPLIED MATLS INC 038222105 7,218 000000348713 SH DEFINED 01 SOLE
ARCHER DANIELS MIDLAND CO 039483102 5,387 000000162851 SH DEFINED 01 SOLE
ARCHSTONE SMITH TR 039583109 3,403 000000056594 SH DEFINED 01 SOLE
ARMSTRONG WORLD INDS INC NEW 04247X102 2,285 000000056304 SH DEFINED 01 SOLE
ARROW INTL INC 042764100 3,184 000000070000 SH DEFINED 01 SOLE
ASHLAND INC NEW 044209104 893 000000014847 SH DEFINED 01 SOLE
ASSURANT INC 04621X108 1,306 000000024421 SH DEFINED 01 SOLE
AUTODESK INC 052769106 2,908 000000058197 SH DEFINED 01 SOLE
AUTOMATIC DATA PROCESSING IN 053015103 6,172 000000134379 SH DEFINED 01 SOLE
AUTONATION INC 05329W102 679 000000038347 SH DEFINED 01 SOLE
AUTOZONE INC 053332102 1,368 000000011781 SH DEFINED 01 SOLE
AVALONBAY CMNTYS INC 053484101 2,381 000000020176 SH DEFINED 01 SOLE
AVAYA INC 053499109 1,960 000000115620 SH DEFINED 01 SOLE
AVERY DENNISON CORP 053611109 1,536 000000026943 SH DEFINED 01 SOLE
AVON PRODS INC 054303102 4,108 000000109478 SH DEFINED 01 SOLE
BB&T CORP 054937107 5,641 000000139664 SH DEFINED 01 SOLE
BJ SVCS CO 055482103 1,959 000000073791 SH DEFINED 01 SOLE
BMC SOFTWARE INC 055921100 1,589 000000050912 SH DEFINED 01 SOLE
BAKER HUGHES INC 057224107 7,307 000000080860 SH DEFINED 01 SOLE
BALL CORP 058498106 1,392 000000025916 SH DEFINED 01 SOLE
BANCOLOMBIA S A 05968L102 232 000000006719 SH DEFINED 02 SOLE
BANK OF AMERICA CORPORATION 060505104 56,444 000001122825 SH DEFINED 01 SOLE
BANK OF NEW YORK MELLON CORP 064058100 12,708 000000287915 SH DEFINED 01 SOLE
BARD C R INC 067383109 2,306 000000026150 SH DEFINED 01 SOLE
BARR PHARMACEUTICALS INC 068306109 1,543 000000027128 SH DEFINED 01 SOLE
BAUSCH & LOMB INC 071707103 897 000000014021 SH DEFINED 01 SOLE
BAXTER INTL INC 071813109 9,181 000000163137 SH DEFINED 01 SOLE
BEAR STEARNS COS INC 073902108 3,609 000000029389 SH DEFINED 01 SOLE
BECTON DICKINSON & CO 075887109 5,053 000000061590 SH DEFINED 01 SOLE
BED BATH & BEYOND INC 075896100 2,342 000000068657 SH DEFINED 01 SOLE
BEMIS INC 081437105 769 000000026448 SH DEFINED 01 SOLE
BEST BUY INC 086516101 4,635 000000100725 SH DEFINED 01 SOLE
BIG LOTS INC 089302103 768 000000025753 SH DEFINED 01 SOLE
BIOGEN IDEC INC 09062X103 4,832 000000072859 SH DEFINED 01 SOLE
1Page 3 07-11-13 12:03:17
0 FORM 13F
INFORMATION TABLE
QUARTER ENDING
09/28/2007
NAME OF ISSUER TITLE CUSIP VALUE SHARES SH PUT INVSTMT OTHER VOTING AUTHORITY
OF CLASS X1000 PRN AMT PRN CALL DSCRETN MANAGERS
------------------------------ ---------- --------- ---------- ------------ --- ---- ------- -------- ----------------
0BLACK & DECKER CORP 091797100 1,384 000000016620 SH DEFINED 01 SOLE
BLOCK H & R INC 093671105 1,739 000000082143 SH DEFINED 01 SOLE
BOEING CO 097023105 21,760 000000207262 SH DEFINED 01 SOLE
BOSTON PROPERTIES INC 101121101 3,129 000000030124 SH DEFINED 01 SOLE
BOSTON SCIENTIFIC CORP 101137107 4,709 000000337577 SH DEFINED 01 SOLE
BRISTOL MYERS SQUIBB CO 110122108 14,424 000000500486 SH DEFINED 01 SOLE
BROADCOM CORP 111320107 4,325 000000118705 SH DEFINED 01 SOLE
BROWN FORMAN CORP 115637209 1,639 000000021882 SH DEFINED 01 SOLE
BRUNSWICK CORP 117043109 514 000000022502 SH DEFINED 01 SOLE
BURLINGTON NORTHN SANTA FE C 12189T104 6,259 000000077114 SH DEFINED 01 SOLE
CBS CORP NEW 124857202 5,459 000000173310 SH DEFINED 01 SOLE
CB RICHARD ELLIS GROUP INC 12497T101 1,388 000000049892 SH DEFINED 01 SOLE
C H ROBINSON WORLDWIDE INC 12541W209 2,371 000000043676 SH DEFINED 01 SOLE
CIGNA CORP 125509109 3,862 000000072474 SH DEFINED 01 SOLE
CIT GROUP INC 125581108 1,940 000000048282 SH DEFINED 01 SOLE
CME GROUP INC 12572Q105 7,892 000000013438 SH DEFINED 01 SOLE
CMS ENERGY CORP 125896100 955 000000056832 SH DEFINED 01 SOLE
CSX CORP 126408103 4,746 000000111083 SH DEFINED 01 SOLE
CVS CAREMARK CORPORATION 126650100 14,850 000000374722 SH DEFINED 01 SOLE
CA INC 12673P105 2,529 000000098340 SH DEFINED 01 SOLE
CABLEVISION SYS CORP 12686C109 349 000000010000 SH DEFINED 01 SOLE
CABLEVISION SYS CORP 12686C109 1,463 000000041900 SH DEFINED 01 SOLE
CAMPBELL SOUP CO 134429109 2,103 000000056858 SH DEFINED 01 SOLE
CAPITAL ONE FINL CORP 14040H105 7,020 000000105688 SH DEFINED 01 SOLE
CAPSTONE TURBINE CORP 14067D102 150 000000125226 SH DEFINED 02 SOLE
CARDINAL HEALTH INC 14149Y108 5,767 000000092239 SH DEFINED 01 SOLE
CARNIVAL CORP 143658300 5,347 000000110416 SH DEFINED 01 SOLE
CATERPILLAR INC DEL 149123101 12,684 000000161731 SH DEFINED 01 SOLE
CATERPILLAR INC DEL 149123101 688 000000008775 SH DEFINED 02 SOLE
CELGENE CORP 151020104 6,905 000000096843 SH DEFINED 01 SOLE
CENTERPOINT ENERGY INC 15189T107 1,302 000000081271 SH DEFINED 01 SOLE
CENTEX CORP 152312104 806 000000030358 SH DEFINED 01 SOLE
CENTURYTEL INC 156700106 1,308 000000028319 SH DEFINED 01 SOLE
CERIDIAN CORP NEW 156779100 257 000000007400 SH DEFINED 01 SOLE
CHECKFREE CORP NEW 162813109 1,047 000000022500 SH DEFINED 01 SOLE
CHESAPEAKE ENERGY CORP 165167107 3,660 000000103824 SH DEFINED 01 SOLE
CHEVRON CORP NEW 166764100 50,477 000000539404 SH DEFINED 01 SOLE
CHUBB CORP 171232101 5,338 000000099522 SH DEFINED 01 SOLE
CHUNGHWA TELECOM CO LTD 17133Q205 19,588 000001060000 SH DEFINED 01 SOLE
CIENA CORP 171779309 828 000000021750 SH DEFINED 01 SOLE
CINCINNATI FINL CORP 172062101 1,884 000000043522 SH DEFINED 01 SOLE
CIRCUIT CITY STORE INC 172737108 337 000000042641 SH DEFINED 01 SOLE
CISCO SYS INC 17275R102 51,140 000001543634 SH DEFINED 01 SOLE
CINTAS CORP 172908105 1,266 000000034137 SH DEFINED 01 SOLE
CITIGROUP INC 172967101 58,825 000001260459 SH DEFINED 01 SOLE
CITIGROUP INC 172967101 2,250 000000048222 SH DEFINED 02 SOLE
1Page 4 07-11-13 12:03:17
0 FORM 13F
INFORMATION TABLE
QUARTER ENDING
09/30/2007
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 1,232 000000086093 SH DEFINED 01 SOLE
CITRIX SYS INC 177376100 1,833 000000045485 SH DEFINED 01 SOLE
CLEAR CHANNEL COMMUNICATIONS 184502102 6,027 000000160995 SH DEFINED 01 SOLE
CLOROX CO DEL 189054109 2,135 000000035014 SH DEFINED 01 SOLE
COACH INC 189754104 4,462 000000094411 SH DEFINED 01 SOLE
COCA COLA CO 191216100 28,934 000000503466 SH DEFINED 01 SOLE
COCA COLA CO 191216100 635 000000011053 SH DEFINED 02 SOLE
COCA COLA ENTERPRISES INC 191219104 1,747 000000072131 SH DEFINED 01 SOLE
COGNIZANT TECHNOLOGY SOLUTIO 192446102 2,919 000000036594 SH DEFINED 01 SOLE
COLGATE PALMOLIVE CO 194162103 9,202 000000129038 SH DEFINED 01 SOLE
COLGATE PALMOLIVE CO 194162103 554 000000007779 SH DEFINED 02 SOLE
COMCAST CORP NEW 20030N101 18,965 000000784344 SH DEFINED 01 SOLE
COMCAST CORP NEW 20030N200 1,105 000000046150 SH DEFINED 01 SOLE
COMERICA INC 200340107 1,985 000000038717 SH DEFINED 01 SOLE
COMMERCE BANCORP INC NJ 200519106 1,886 000000048644 SH DEFINED 01 SOLE
COMPUTER SCIENCES CORP 205363104 2,461 000000044027 SH DEFINED 01 SOLE
COMPUWARE CORP 205638109 614 000000076679 SH DEFINED 01 SOLE
CONAGRA FOODS INC 205887102 3,238 000000123940 SH DEFINED 01 SOLE
CONOCOPHILLIPS 20825C104 36,138 000000411736 SH DEFINED 01 SOLE
CONOCOPHILLIPS 20825C104 965 000000011000 SH DEFINED 02 SOLE
CONSECO INC 208464883 1,069 000000066822 SH DEFINED 01 SOLE
CONSOL ENERGY INC 20854P109 2,149 000000046136 SH DEFINED 01 SOLE
CONSOLIDATED EDISON INC 209115104 3,174 000000068566 SH DEFINED 01 SOLE
CONSTELLATION BRANDS INC 21036P108 1,188 000000049095 SH DEFINED 01 SOLE
CONSTELLATION ENERGY GROUP I 210371100 3,918 000000045671 SH DEFINED 01 SOLE
CONVERGYS CORP 212485106 595 000000034306 SH DEFINED 01 SOLE
CORNING INC 219350105 9,811 000000398026 SH DEFINED 01 SOLE
COSTCO WHSL CORP NEW 22160K105 6,800 000000110814 SH DEFINED 01 SOLE
COUNTRYWIDE FINANCIAL CORP 222372104 2,770 000000145752 SH DEFINED 01 SOLE
COVAD COMMUNICATIONS GROUP I 222814204 42 000000063499 SH DEFINED 01 SOLE
COVENTRY HEALTH CARE INC 222862104 2,460 000000039552 SH DEFINED 01 SOLE
CREE INC 225447101 262 000000008448 SH DEFINED 02 SOLE
CTRIP COM INTL LTD 22943F100 422 000000008164 SH DEFINED 02 SOLE
CUMMINS INC 231021106 3,367 000000026328 SH DEFINED 01 SOLE
CYTYC CORP 232946103 476 000000010000 SH DEFINED 01 SOLE
D R HORTON INC 23331A109 885 000000069144 SH DEFINED 01 SOLE
DTE ENERGY CO 233331107 2,091 000000043178 SH DEFINED 01 SOLE
DADE BEHRING HLDGS INC 23342J206 3,970 000000052000 SH DEFINED 01 SOLE
DANAHER CORP DEL 235851102 5,159 000000062385 SH DEFINED 01 SOLE
DARDEN RESTAURANTS INC 237194105 1,500 000000035850 SH DEFINED 01 SOLE
DEAN FOODS CO NEW 242370104 838 000000032770 SH DEFINED 01 SOLE
DEERE & CO 244199105 8,333 000000056147 SH DEFINED 01 SOLE
DELL INC 24702R101 15,864 000000574806 SH DEFINED 01 SOLE
DELTA AIR LINES INC DEL 247361702 700 000000039022 SH DEFINED 01 SOLE
DELTA AIR LINES INC DEL 247361702 4,091 000000227575 SH DEFINED 01 SOLE
DEVELOPERS DIVERSIFIED RLTY 251591103 1,755 000000031429 SH DEFINED 01 SOLE
1Page 5 07-11-13 12:03:17
0 FORM 13F
INFORMATION TABLE
QUARTER ENDING
09/30/2007
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 9,389 000000112854 SH DEFINED 01 SOLE
DIAMONDS TR 252787106 325,541 000002343543 SH DEFINED 01 SOLE
DILLARDS INC 254067101 336 000000015397 SH DEFINED 01 SOLE
DIRECTV GROUP INC 25459L106 4,666 000000192201 SH DEFINED 01 SOLE
DISNEY WALT CO 254687106 16,889 000000491128 SH DEFINED 01 SOLE
DISCOVER FINL SVCS 254709108 2,511 000000120756 SH DEFINED 01 SOLE
DOBSON COMMUNICATIONS CORP 256069105 127 000000010000 SH DEFINED 01 SOLE
DOMINION RES INC VA NEW 25746U109 6,208 000000073643 SH DEFINED 01 SOLE
DONNELLEY R R & SONS CO 257867101 2,054 000000056204 SH DEFINED 01 SOLE
DOVER CORP 260003108 2,759 000000054164 SH DEFINED 01 SOLE
DOW CHEM CO 260543103 10,351 000000240402 SH DEFINED 01 SOLE
DOW JONES & CO INC 260561105 985 000000016509 SH DEFINED 01 SOLE
DU PONT E I DE NEMOURS & CO 263534109 11,563 000000233329 SH DEFINED 01 SOLE
DUKE ENERGY CORP NEW 26441C105 5,959 000000318882 SH DEFINED 01 SOLE
DYNEGY INC DEL 26817G102 1,158 000000125399 SH DEFINED 01 SOLE
E M C CORP MASS 268648102 11,038 000000530694 SH DEFINED 01 SOLE
ENSCO INTL INC 26874Q100 2,100 000000037450 SH DEFINED 01 SOLE
EOG RES INC 26875P101 4,480 000000061942 SH DEFINED 01 SOLE
E TRADE FINANCIAL CORP 269246104 1,404 000000107606 SH DEFINED 01 SOLE
EASTMAN CHEM CO 277432100 1,419 000000021267 SH DEFINED 01 SOLE
EASTMAN KODAK CO 277461109 1,943 000000072623 SH DEFINED 01 SOLE
EATON CORP 278058102 3,651 000000036868 SH DEFINED 01 SOLE
EBAY INC 278642103 11,295 000000289489 SH DEFINED 01 SOLE
ECHELON CORP 27874N105 215 000000008618 SH DEFINED 02 SOLE
ECOLAB INC 278865100 2,080 000000044071 SH DEFINED 01 SOLE
EDISON INTL 281020107 4,571 000000082443 SH DEFINED 01 SOLE
EDWARDS AG INC 281760108 34,731 000000414700 SH DEFINED 01 SOLE
EL PASO CORP 28336L109 3,008 000000177262 SH DEFINED 01 SOLE
ELECTRONIC ARTS INC 285512109 4,406 000000078704 SH DEFINED 01 SOLE
ELECTRONIC DATA SYS NEW 285661104 2,812 000000128777 SH DEFINED 01 SOLE
EMBARQ CORP 29078E105 2,268 000000040805 SH DEFINED 01 SOLE
EMERSON ELEC CO 291011104 10,740 000000201810 SH DEFINED 01 SOLE
ENERGY CONVERSION DEVICES IN 292659109 304 000000013407 SH DEFINED 02 SOLE
ENTERGY CORP NEW 29364G103 5,437 000000050212 SH DEFINED 01 SOLE
EQUIFAX INC 294429105 1,376 000000036113 SH DEFINED 01 SOLE
EQUITY INNS INC 294703103 496 000000022000 SH DEFINED 01 SOLE
EQUITY RESIDENTIAL 29476L107 2,970 000000070126 SH DEFINED 01 SOLE
EVERGREEN SOLAR INC 30033R108 341 000000038256 SH DEFINED 02 SOLE
EXELON CORP 30161N101 12,893 000000171087 SH DEFINED 01 SOLE
EXPRESS SCRIPTS INC 302182100 3,641 000000065243 SH DEFINED 01 SOLE
EXXON MOBIL CORP 30231G102 130,178 000001406424 SH DEFINED 01 SOLE
FPL GROUP INC 302571104 6,267 000000102942 SH DEFINED 01 SOLE
FTI CONSULTING INC 302941109 988 000000019650 SH DEFINED 01 SOLE
FAMILY DLR STORES INC 307000109 978 000000036842 SH DEFINED 01 SOLE
FEDERAL HOME LN MTG CORP 313400301 9,707 000000164507 SH DEFINED 01 SOLE
FEDERAL NATL MTG ASSN 313586109 14,978 000000246320 SH DEFINED 01 SOLE
1Page 6 07-11-13 12:03:17
0 FORM 13F
INFORMATION TABLE
QUARTER ENDING
09/30/2007
NAME OF ISSUER TITLE CUSIP VALUE SHARES SH PUT INVSTMT OTHER VOTING AUTHORITY
OF CLASS X1000 PRN AMT PRN CALL DSCRETN MANAGERS
------------------------------ ---------- --------- ---------- ------------ --- ---- ------- -------- ----------------
0FEDERATED INVS INC PA 314211103 879 000000022151 SH DEFINED 01 SOLE
FEDEX CORP 31428X106 8,184 000000078130 SH DEFINED 01 SOLE
FIDELITY NATL INFORMATION SV 31620M106 1,907 000000042985 SH DEFINED 01 SOLE
FIFTH THIRD BANCORP 316773100 4,592 000000135548 SH DEFINED 01 SOLE
FIRST HORIZON NATL CORP 320517105 851 000000031942 SH DEFINED 01 SOLE
FIRST SOLAR INC 336433107 339 000000002880 SH DEFINED 02 SOLE
FISERV INC 337738108 2,183 000000042926 SH DEFINED 01 SOLE
FIRSTENERGY CORP 337932107 4,885 000000077133 SH DEFINED 01 SOLE
FLUOR CORP NEW 343412102 3,217 000000022347 SH DEFINED 01 SOLE
FLUOR CORP NEW 343412102 629 000000004372 SH DEFINED 02 SOLE
FORD MTR CO DEL 345370860 4,511 000000531377 SH DEFINED 01 SOLE
FOREST LABS INC 345838106 2,983 000000080001 SH DEFINED 01 SOLE
FORTUNE BRANDS INC 349631101 3,158 000000038759 SH DEFINED 01 SOLE
FRANKLIN RES INC 354613101 5,236 000000041073 SH DEFINED 01 SOLE
FREEPORT-MCMORAN COPPER & GO 35671D782 1,357 000000008750 SH DEFINED 01 SOLE
FREEPORT-MCMORAN COPPER & GO 35671D857 10,131 000000096591 SH DEFINED 01 SOLE
FUELCELL ENERGY INC 35952H106 106 000000011946 SH DEFINED 02 SOLE
GANNETT INC 364730101 2,575 000000058934 SH DEFINED 01 SOLE
GAP INC DEL 364760108 2,336 000000126726 SH DEFINED 01 SOLE
GENERAL DYNAMICS CORP 369550108 8,705 000000103057 SH DEFINED 01 SOLE
GENERAL ELECTRIC CO 369604103 107,552 000002597891 SH DEFINED 01 SOLE
GENERAL ELECTRIC CO 369604103 1,104 000000026682 SH DEFINED 02 SOLE
GENERAL GROWTH PPTYS INC 370021107 3,332 000000062144 SH DEFINED 01 SOLE
GENERAL MLS INC 370334104 4,846 000000083550 SH DEFINED 01 SOLE
GENERAL MTRS CORP 370442105 5,254 000000143185 SH DEFINED 01 SOLE
GENERAL MTRS CORP 370442105 883 000000024084 SH DEFINED 02 SOLE
GENUINE PARTS CO 372460105 2,150 000000043003 SH DEFINED 01 SOLE
GENWORTH FINL INC 37247D106 3,531 000000114913 SH DEFINED 01 SOLE
GENZYME CORP 372917104 4,134 000000066727 SH DEFINED 01 SOLE
GILEAD SCIENCES INC 375558103 9,645 000000236001 SH DEFINED 01 SOLE
GMARKET INC 38012G100 469 000000020000 SH DEFINED 02 SOLE
GOLDMAN SACHS GROUP INC 38141G104 22,312 000000102948 SH DEFINED 01 SOLE
GOODRICH CORP 382388106 2,162 000000031692 SH DEFINED 01 SOLE
GOODYEAR TIRE & RUBR CO 382550101 1,623 000000053388 SH DEFINED 01 SOLE
GOODYEAR TIRE & RUBR CO 382550101 3,307 000000108750 SH DEFINED 01 SOLE
GOOGLE INC 38259P508 33,211 000000058546 SH DEFINED 01 SOLE
GRACE W R & CO DEL NEW 38388F108 1,705 000000063500 SH DEFINED 01 SOLE
GRAINGER W W INC 384802104 1,655 000000018151 SH DEFINED 01 SOLE
GREATER BAY BANCORP 391648102 9,738 000000350300 SH DEFINED 01 SOLE
GROUP 1 AUTOMOTIVE INC 398905109 417 000000012450 SH DEFINED 01 SOLE
GUITAR CTR MGMT INC 402040109 2,024 000000034132 SH DEFINED 01 SOLE
HALLIBURTON CO 406216101 8,703 000000226643 SH DEFINED 01 SOLE
HARLEY DAVIDSON INC 412822108 2,937 000000063565 SH DEFINED 01 SOLE
HARMAN INTL INDS INC 413086109 1,428 000000016508 SH DEFINED 01 SOLE
HARRAHS ENTMT INC 413619107 13,489 000000155176 SH DEFINED 01 SOLE
HARTFORD FINL SVCS GROUP INC 416515104 7,439 000000080382 SH DEFINED 01 SOLE
1Page 7 07-11-13 12:03:17
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09/30/2007
NAME OF ISSUER TITLE CUSIP VALUE SHARES SH PUT INVSTMT OTHER VOTING AUTHORITY
OF CLASS X1000 PRN AMT PRN CALL DSCRETN MANAGERS
------------------------------ ---------- --------- ---------- ------------ --- ---- ------- -------- ----------------
0HASBRO INC 418056107 1,145 000000041081 SH DEFINED 01 SOLE
HAYES LEMMERZ INTL INC 420781304 1,551 000000373000 SH DEFINED 01 SOLE
HEINZ H J CO 423074103 3,763 000000081454 SH DEFINED 01 SOLE
HERCULES INC 427056106 617 000000029353 SH DEFINED 01 SOLE
HERSHEY CO 427866108 1,985 000000042779 SH DEFINED 01 SOLE
HESS CORP 42809H107 4,657 000000070002 SH DEFINED 01 SOLE
HEWLETT PACKARD CO 428236103 32,555 000000653850 SH DEFINED 01 SOLE
HILTON HOTELS CORP 432848109 7,009 000000150784 SH DEFINED 01 SOLE
HOME DEPOT INC 437076102 13,860 000000427272 SH DEFINED 01 SOLE
HONEYWELL INTL INC 438516106 11,297 000000189968 SH DEFINED 01 SOLE
HONEYWELL INTL INC 438516106 584 000000009828 SH DEFINED 02 SOLE
HORNBECK OFFSHORE SVCS INC N 440543106 1,570 000000042800 SH DEFINED 01 SOLE
HOSPIRA INC 441060100 1,647 000000039752 SH DEFINED 01 SOLE
HOST HOTELS & RESORTS INC 44107P104 2,965 000000132150 SH DEFINED 01 SOLE
HUDSON CITY BANCORP 443683107 2,069 000000134570 SH DEFINED 01 SOLE
HUMANA INC 444859102 2,980 000000042653 SH DEFINED 01 SOLE
HUNTINGTON BANCSHARES INC 446150104 1,572 000000092592 SH DEFINED 01 SOLE
HUNTSMAN CORP 447011107 283 000000010700 SH DEFINED 01 SOLE
HUNTSMAN CORP 447011107 1,231 000000046479 SH DEFINED 01 SOLE
IAC INTERACTIVECORP 44919P300 1,434 000000048346 SH DEFINED 01 SOLE
ICO GLOBAL COMM HLDGS LTD DE 44930K108 885 000000254429 SH DEFINED 01 SOLE
IMS HEALTH INC 449934108 1,511 000000049336 SH DEFINED 01 SOLE
ITT CORP NEW 450911102 3,112 000000045821 SH DEFINED 01 SOLE
IDENIX PHARMACEUTICALS INC 45166R204 871 000000301476 SH DEFINED 02 SOLE
ILLINOIS TOOL WKS INC 452308109 6,331 000000106164 SH DEFINED 01 SOLE
INNOPHOS HOLDINGS INC 45774N108 1,312 000000086100 SH DEFINED 01 SOLE
INTEL CORP 458140100 38,214 000001477751 SH DEFINED 01 SOLE
INTEGRYS ENERGY GROUP INC 45822P105 985 000000019229 SH DEFINED 01 SOLE
INTERCONTINENTALEXCHANGE INC 45865V100 2,663 000000017533 SH DEFINED 01 SOLE
INTERNATIONAL BUSINESS MACHS 459200101 40,550 000000344234 SH DEFINED 01 SOLE
INTERNATIONAL BUSINESS MACHS 459200101 694 000000005894 SH DEFINED 02 SOLE
INTERNATIONAL FLAVORS&FRAGRA 459506101 1,194 000000022594 SH DEFINED 01 SOLE
INTERNATIONAL GAME TECHNOLOG 459902102 3,659 000000084917 SH DEFINED 01 SOLE
INTL PAPER CO 460146103 3,899 000000108708 SH DEFINED 01 SOLE
INTERNATIONAL RECTIFIER CORP 460254105 269 000000008158 SH DEFINED 02 SOLE
INTERPUBLIC GROUP COS INC 460690100 1,238 000000119301 SH DEFINED 01 SOLE
INTUIT 461202103 2,598 000000085753 SH DEFINED 01 SOLE
ISHARES COMEX GOLD TR 464285105 4,483 000000060888 SH DEFINED 02 SOLE
ISHARES INC 464286400 627 000000008531 SH DEFINED 02 SOLE
ISHARES INC 464286848 9,230 000000643700 SH DEFINED 01 SOLE
ISHARES TR 464287184 450 000000002500 SH DEFINED 02 SOLE
ISHARES TR 464287234 10,801 000000072275 SH DEFINED 02 SOLE
ISHARES TR 464287390 3,692 000000015289 SH DEFINED 02 SOLE
ISHARES TR 464287465 1,007 000000012200 SH DEFINED 01 SOLE
ISHARES TR 464287739 1,939 000000025364 SH DEFINED 01 SOLE
ITRON INC 465741106 261 000000002808 SH DEFINED 02 SOLE
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INFORMATION TABLE
QUARTER ENDING
09/30/2007
NAME OF ISSUER TITLE CUSIP VALUE SHARES SH PUT INVSTMT OTHER VOTING AUTHORITY
OF CLASS X1000 PRN AMT PRN CALL DSCRETN MANAGERS
------------------------------ ---------- --------- ---------- ------------ --- ---- ------- -------- ----------------
0JA SOLAR HOLDINGS CO LTD 466090107 323 000000007203 SH DEFINED 02 SOLE
JDS UNIPHASE CORP 46612J507 801 000000053561 SH DEFINED 01 SOLE
JP MORGAN CHASE & CO 46625H100 39,352 000000858859 SH DEFINED 01 SOLE
JP MORGAN CHASE & CO 46625H100 628 000000013719 SH DEFINED 02 SOLE
JABIL CIRCUIT INC 466313103 1,199 000000052525 SH DEFINED 01 SOLE
JANUS CAP GROUP INC 47102X105 1,129 000000039938 SH DEFINED 01 SOLE
JOHNSON & JOHNSON 478160104 48,290 000000735021 SH DEFINED 01 SOLE
JOHNSON & JOHNSON 478160104 2,440 000000037142 SH DEFINED 02 SOLE
JOHNSON CTLS INC 478366107 5,917 000000050100 SH DEFINED 01 SOLE
JONES APPAREL GROUP INC 480074103 499 000000023645 SH DEFINED 01 SOLE
JUNIPER NETWORKS INC 48203R104 4,762 000000130083 SH DEFINED 01 SOLE
KLA-TENCOR CORP 482480100 2,726 000000048875 SH DEFINED 01 SOLE
KB HOME 48666K109 488 000000019480 SH DEFINED 01 SOLE
KELLOGG CO 487836108 3,759 000000067141 SH DEFINED 01 SOLE
KEYCORP NEW 493267108 3,185 000000098523 SH DEFINED 01 SOLE
KIMBERLY CLARK CORP 494368103 7,566 000000107691 SH DEFINED 01 SOLE
KIMCO REALTY CORP 49446R109 2,885 000000063822 SH DEFINED 01 SOLE
KING PHARMACEUTICALS INC 495582108 724 000000061779 SH DEFINED 01 SOLE
KOHLS CORP 500255104 4,609 000000080410 SH DEFINED 01 SOLE
KRAFT FOODS INC 50075N104 13,768 000000398964 SH DEFINED 01 SOLE
KROGER CO 501044101 5,105 000000179025 SH DEFINED 01 SOLE
LDK SOLAR CO LTD 50183L107 343 000000004983 SH DEFINED 02 SOLE
LSI CORPORATION 502161102 1,344 000000181188 SH DEFINED 01 SOLE
L-3 COMMUNICATIONS HLDGS INC 502424104 3,257 000000031894 SH DEFINED 01 SOLE
LABORATORY CORP AMER HLDGS 50540R409 2,322 000000029682 SH DEFINED 01 SOLE
LAUDER ESTEE COS INC 518439104 1,274 000000030005 SH DEFINED 01 SOLE
LEGGETT & PLATT INC 524660107 846 000000044204 SH DEFINED 01 SOLE
LEGG MASON INC 524901105 2,831 000000033595 SH DEFINED 01 SOLE
LEHMAN BROS HLDGS INC 524908100 8,346 000000135207 SH DEFINED 01 SOLE
LEHMAN BROS HLDGS INC 524908100 1,775 000000028763 SH DEFINED 02 SOLE
LENNAR CORP 526057104 799 000000035282 SH DEFINED 01 SOLE
LEUCADIA NATL CORP 527288104 2,008 000000041661 SH DEFINED 01 SOLE
LEXMARK INTL NEW 529771107 993 000000023913 SH DEFINED 01 SOLE
LILLY ELI & CO 532457108 14,215 000000249706 SH DEFINED 01 SOLE
LIMITED BRANDS INC 532716107 1,846 000000080675 SH DEFINED 01 SOLE
LINCOLN NATL CORP IND 534187109 4,518 000000068494 SH DEFINED 01 SOLE
LINEAR TECHNOLOGY CORP 535678106 1,965 000000056172 SH DEFINED 01 SOLE
LIZ CLAIBORNE INC 539320101 888 000000025881 SH DEFINED 01 SOLE
LOCKHEED MARTIN CORP 539830109 9,531 000000087857 SH DEFINED 01 SOLE
LOEWS CORP 540424108 5,540 000000114598 SH DEFINED 01 SOLE
LOWES COS INC 548661107 10,483 000000374142 SH DEFINED 01 SOLE
LYONDELL CHEMICAL CO 552078107 760 000000016400 SH DEFINED 01 SOLE
M & T BK CORP 55261F104 1,963 000000018978 SH DEFINED 01 SOLE
MBIA INC 55262C100 1,954 000000032021 SH DEFINED 01 SOLE
MEMC ELECTR MATLS INC 552715104 3,352 000000056960 SH DEFINED 01 SOLE
MEMC ELECTR MATLS INC 552715104 314 000000005340 SH DEFINED 02 SOLE
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INFORMATION TABLE
QUARTER ENDING
09/30/2007
NAME OF ISSUER TITLE CUSIP VALUE SHARES SH PUT INVSTMT OTHER VOTING AUTHORITY
OF CLASS X1000 PRN AMT PRN CALL DSCRETN MANAGERS
------------------------------ ---------- --------- ---------- ------------ --- ---- ------- -------- ----------------
0MGIC INVT CORP WIS 552848103 670 000000020737 SH DEFINED 01 SOLE
MTR GAMING GROUP INC 553769100 975 000000102323 SH DEFINED 01 SOLE
MACYS INC 55616P104 3,697 000000114396 SH DEFINED 01 SOLE
MAGELLAN HEALTH SVCS INC 559079207 4,066 000000100202 SH DEFINED 01 SOLE
MANOR CARE INC NEW 564055101 1,192 000000018523 SH DEFINED 01 SOLE
MARATHON OIL CORP 565849106 9,827 000000172344 SH DEFINED 01 SOLE
MARSH & MCLENNAN COS INC 571748102 3,497 000000137145 SH DEFINED 01 SOLE
MARSHALL & ILSLEY CORP 571834100 2,952 000000067444 SH DEFINED 01 SOLE
MARRIOTT INTL INC NEW 571903202 3,514 000000080856 SH DEFINED 01 SOLE
MASCO CORP 574599106 2,152 000000092898 SH DEFINED 01 SOLE
MATTEL INC 577081102 2,410 000000102748 SH DEFINED 01 SOLE
MAXIM INTEGRATED PRODS INC 57772K101 2,381 000000081147 SH DEFINED 01 SOLE
MCCORMICK & CO INC 579780206 1,180 000000032817 SH DEFINED 01 SOLE
MCDONALDS CORP 580135101 16,491 000000302766 SH DEFINED 01 SOLE
MCGRAW HILL COS INC 580645109 4,508 000000088551 SH DEFINED 01 SOLE
MCKESSON CORP 58155Q103 4,403 000000074900 SH DEFINED 01 SOLE
MEADWESTVACO CORP 583334107 1,370 000000046413 SH DEFINED 01 SOLE
MEDCO HEALTH SOLUTIONS INC 58405U102 6,193 000000068517 SH DEFINED 01 SOLE
MEDIS TECHNOLOGIES LTD 58500P107 154 000000011898 SH DEFINED 02 SOLE
MEDTRONIC INC 585055106 16,188 000000286973 SH DEFINED 01 SOLE
MERCK & CO INC 589331107 28,465 000000550702 SH DEFINED 01 SOLE
MERCK & CO INC 589331107 338 000000006541 SH DEFINED 02 SOLE
MEREDITH CORP 589433101 558 000000009740 SH DEFINED 01 SOLE
MERRILL LYNCH & CO INC 590188108 15,566 000000218390 SH DEFINED 01 SOLE
METLIFE INC 59156R108 13,107 000000187976 SH DEFINED 01 SOLE
MICROSOFT CORP 594918104 60,258 000002045445 SH DEFINED 01 SOLE
MICROSOFT CORP 594918104 779 000000026451 SH DEFINED 02 SOLE
MICROCHIP TECHNOLOGY INC 595017104 1,998 000000055021 SH DEFINED 01 SOLE
MICRON TECHNOLOGY INC 595112103 2,125 000000191513 SH DEFINED 01 SOLE
MIDCAP SPDR TR 595635103 145,098 000000902073 SH DEFINED 01 SOLE
MILLIPORE CORP 601073109 1,034 000000013651 SH DEFINED 01 SOLE
MIRANT CORP NEW 60467R100 1,826 000000044893 SH DEFINED 01 SOLE
MOLEX INC 608554101 978 000000036337 SH DEFINED 01 SOLE
MOLSON COORS BREWING CO 60871R209 1,718 000000017245 SH DEFINED 01 SOLE
MONSANTO CO NEW 61166W101 11,894 000000138723 SH DEFINED 01 SOLE
MONSTER WORLDWIDE INC 611742107 1,140 000000033493 SH DEFINED 01 SOLE
MOODYS CORP 615369105 2,825 000000056060 SH DEFINED 01 SOLE
MOODYS CORP 615369105 4,586 000000091000 SH DEFINED 02 SOLE
MORGAN STANLEY 617446448 16,842 000000267335 SH DEFINED 01 SOLE
MUELLER WTR PRODS INC 624758207 635 000000057752 SH DEFINED 01 SOLE
MURPHY OIL CORP 626717102 3,333 000000047702 SH DEFINED 01 SOLE
MYLAN LABS INC 628530107 1,004 000000062955 SH DEFINED 01 SOLE
NCR CORP NEW 62886E108 2,274 000000045674 SH DEFINED 01 SOLE
NRG ENERGY INC 629377508 1,344 000000031800 SH DEFINED 01 SOLE
NATIONAL CITY CORP 635405103 4,020 000000160239 SH DEFINED 01 SOLE
NATIONAL OILWELL VARCO INC 637071101 6,512 000000045069 SH DEFINED 01 SOLE
1Page 10 07-11-13 12:03:17
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QUARTER ENDING
09/30/2007
NAME OF ISSUER TITLE CUSIP VALUE SHARES SH PUT INVSTMT OTHER VOTING AUTHORITY
OF CLASS X1000 PRN AMT PRN CALL DSCRETN MANAGERS
------------------------------ ---------- --------- ---------- ------------ --- ---- ------- -------- ----------------
0NATIONAL SEMICONDUCTOR CORP 637640103 1,649 000000060831 SH DEFINED 01 SOLE
NETWORK APPLIANCE INC 64120L104 2,422 000000090034 SH DEFINED 01 SOLE
NEW YORK TIMES CO 650111107 719 000000036423 SH DEFINED 01 SOLE
NEWELL RUBBERMAID INC 651229106 2,014 000000069915 SH DEFINED 01 SOLE
NEWMONT MINING CORP 651639106 5,110 000000114258 SH DEFINED 01 SOLE
NEWS CORP 65248E104 12,916 000000587389 SH DEFINED 01 SOLE
NICOR INC 654086107 489 000000011417 SH DEFINED 01 SOLE
NIKE INC 654106103 5,738 000000097829 SH DEFINED 01 SOLE
NIKE INC 654106103 676 000000011540 SH DEFINED 02 SOLE
NISOURCE INC 65473P105 1,327 000000069373 SH DEFINED 01 SOLE
NORDSTROM INC 655664100 2,347 000000050057 SH DEFINED 01 SOLE
NORFOLK SOUTHERN CORP 655844108 5,169 000000099595 SH DEFINED 01 SOLE
NORTHERN TR CORP 665859104 3,210 000000048453 SH DEFINED 01 SOLE
NORTHROP GRUMMAN CORP 666807102 6,782 000000086961 SH DEFINED 01 SOLE
NORTHWEST AIRLS CORP 667280408 11,401 000000640550 SH DEFINED 01 SOLE
NOVELL INC 670006105 676 000000088521 SH DEFINED 01 SOLE
NOVELLUS SYS INC 670008101 853 000000031327 SH DEFINED 01 SOLE
NUCOR CORP 670346105 4,373 000000073549 SH DEFINED 01 SOLE
NUCOR CORP 670346105 2,628 000000044200 SH DEFINED 02 SOLE
NVIDIA CORP 67066G104 5,032 000000138870 SH DEFINED 01 SOLE
OAKLEY INC 673662102 658 000000022700 SH DEFINED 01 SOLE
OCCIDENTAL PETE CORP DEL 674599105 13,470 000000210206 SH DEFINED 01 SOLE
OFFICEMAX INC DEL 67622P101 653 000000019061 SH DEFINED 01 SOLE
OFFICE DEPOT INC 676220106 1,454 000000070518 SH DEFINED 01 SOLE
OMNICOM GROUP INC 681919106 3,994 000000083073 SH DEFINED 01 SOLE
ORACLE CORP 68389X105 21,652 000001000127 SH DEFINED 01 SOLE
ORMAT TECHNOLOGIES INC 686688102 460 000000009934 SH DEFINED 02 SOLE
OWENS CORNING NEW 690742101 4,910 000000196036 SH DEFINED 01 SOLE
PG&E CORP 69331C108 4,273 000000089413 SH DEFINED 01 SOLE
PNC FINL SVCS GROUP INC 693475105 5,893 000000086536 SH DEFINED 01 SOLE
PPG INDS INC 693506107 3,136 000000041512 SH DEFINED 01 SOLE
PPL CORP 69351T106 4,488 000000096939 SH DEFINED 01 SOLE
PACCAR INC 693718108 5,362 000000062904 SH DEFINED 01 SOLE
PACIFIC ETHANOL INC 69423U107 114 000000011853 SH DEFINED 02 SOLE
PACTIV CORP 695257105 965 000000033679 SH DEFINED 01 SOLE
PALL CORP 696429307 1,206 000000031025 SH DEFINED 01 SOLE
PANTRY INC 698657103 366 000000014300 SH DEFINED 01 SOLE
PARKER HANNIFIN CORP 701094104 3,287 000000029396 SH DEFINED 01 SOLE
PATHMARK STORES INC NEW 70322A101 1,568 000000123051 SH DEFINED 01 SOLE
PATTERSON COMPANIES INC 703395103 1,367 000000035413 SH DEFINED 01 SOLE
PAYCHEX INC 704326107 3,529 000000086074 SH DEFINED 01 SOLE
PEABODY ENERGY CORP 704549104 3,215 000000067180 SH DEFINED 01 SOLE
PENNEY J C INC 708160106 3,573 000000056387 SH DEFINED 01 SOLE
PEPSI BOTTLING GROUP INC 713409100 1,317 000000035451 SH DEFINED 01 SOLE
PEPSICO INC 713448108 29,952 000000408851 SH DEFINED 01 SOLE
PEPSICO INC 713448108 1,742 000000023788 SH DEFINED 02 SOLE
1Page 11 07-11-13 12:03:17
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INFORMATION TABLE
QUARTER ENDING
09/30/2007
NAME OF ISSUER TITLE CUSIP VALUE SHARES SH PUT INVSTMT OTHER VOTING AUTHORITY
OF CLASS X1000 PRN AMT PRN CALL DSCRETN MANAGERS
------------------------------ ---------- --------- ---------- ------------ --- ---- ------- -------- ----------------
0PERKINELMER INC 714046109 896 000000030695 SH DEFINED 01 SOLE
PFIZER INC 717081103 42,887 000001755538 SH DEFINED 01 SOLE
PFIZER INC 717081103 1,042 000000042661 SH DEFINED 02 SOLE
PINNACLE WEST CAP CORP 723484101 1,002 000000025383 SH DEFINED 01 SOLE
PITNEY BOWES INC 724479100 2,527 000000055637 SH DEFINED 01 SOLE
PLAYTEX PRODS INC 72813P100 2,526 000000138200 SH DEFINED 01 SOLE
PLUG POWER INC 72919P103 115 000000037166 SH DEFINED 02 SOLE
PLUM CREEK TIMBER CO INC 729251108 1,977 000000044175 SH DEFINED 01 SOLE
POLO RALPH LAUREN CORP 731572103 1,178 000000015157 SH DEFINED 01 SOLE
POWER-ONE INC 739308104 133 000000026207 SH DEFINED 02 SOLE
POWERSHARES QQQ TRUST 73935A104 1,140,936 000022192896 SH DEFINED 01 SOLE
PRAXAIR INC 74005P104 6,779 000000080934 SH DEFINED 01 SOLE
PRECISION CASTPARTS CORP 740189105 5,161 000000034883 SH DEFINED 01 SOLE
PRICE T ROWE GROUP INC 74144T108 3,736 000000067098 SH DEFINED 01 SOLE
PRINCIPAL FINANCIAL GROUP IN 74251V102 4,385 000000069511 SH DEFINED 01 SOLE
PROCTER & GAMBLE CO 742718109 55,545 000000789669 SH DEFINED 01 SOLE
PROCTER & GAMBLE CO 742718109 1,411 000000020071 SH DEFINED 02 SOLE
PROGRESS ENERGY INC 743263105 3,069 000000065515 SH DEFINED 01 SOLE
PROGRESSIVE CORP OHIO 743315103 3,556 000000183221 SH DEFINED 01 SOLE
PROLOGIS 743410102 4,314 000000065022 SH DEFINED 01 SOLE
PRUDENTIAL FINL INC 744320102 11,333 000000116143 SH DEFINED 01 SOLE
PUBLIC SVC ENTERPRISE GROUP 744573106 5,661 000000064342 SH DEFINED 01 SOLE
PUBLIC STORAGE 74460D109 2,477 000000031495 SH DEFINED 01 SOLE
PULTE HOMES INC 745867101 731 000000053745 SH DEFINED 01 SOLE
QLOGIC CORP 747277101 500 000000037180 SH DEFINED 01 SOLE
QUALCOMM INC 747525103 18,017 000000426348 SH DEFINED 01 SOLE
QUEST DIAGNOSTICS INC 74834L100 2,285 000000039558 SH DEFINED 01 SOLE
QUESTAR CORP 748356102 2,294 000000043682 SH DEFINED 01 SOLE
QWEST COMMUNICATIONS INTL IN 749121109 3,703 000000404271 SH DEFINED 01 SOLE
RCN CORP 749361200 814 000000066190 SH DEFINED 01 SOLE
R H DONNELLEY CORP 74955W307 927 000000016550 SH DEFINED 01 SOLE
RADIOSHACK CORP 750438103 720 000000034863 SH DEFINED 01 SOLE
RARE HOSPITALITY INTL INC 753820109 1,143 000000030000 SH DEFINED 01 SOLE
RAYTHEON CO 755111507 7,062 000000110661 SH DEFINED 01 SOLE
REGIONAL BK HOLDRS TR 75902E100 95,183 000000641700 SH DEFINED 01 SOLE
REGIONS FINANCIAL CORP NEW 7591EP100 5,250 000000178115 SH DEFINED 01 SOLE
REPUBLIC PROPERTY TR 760737106 366 000000025000 SH DEFINED 01 SOLE
RES-CARE INC 760943100 496 000000021733 SH DEFINED 01 SOLE
RETAIL HOLDRS TR 76127U101 109,324 000001091500 SH DEFINED 01 SOLE
REYNOLDS AMERICAN INC 761713106 2,753 000000043295 SH DEFINED 01 SOLE
ROBERT HALF INTL INC 770323103 1,238 000000041481 SH DEFINED 01 SOLE
ROCKWELL AUTOMATION INC 773903109 2,683 000000038603 SH DEFINED 01 SOLE
ROCKWELL COLLINS INC 774341101 3,080 000000042174 SH DEFINED 01 SOLE
ROHM & HAAS CO 775371107 1,934 000000034753 SH DEFINED 01 SOLE
ROWAN COS INC 779382100 1,022 000000027963 SH DEFINED 01 SOLE
RURAL CELLULAR CORP 781904107 326 000000007500 SH DEFINED 01 SOLE
1Page 12 07-11-13 12:03:17
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QUARTER ENDING
09/30/2007
NAME OF ISSUER TITLE CUSIP VALUE SHARES SH PUT INVSTMT OTHER VOTING AUTHORITY
OF CLASS X1000 PRN AMT PRN CALL DSCRETN MANAGERS
------------------------------ ---------- --------- ---------- ------------ --- ---- ------- -------- ----------------
0RYDER SYS INC 783549108 741 000000015140 SH DEFINED 01 SOLE
SLM CORP 78442P106 5,185 000000104404 SH DEFINED 01 SOLE
SPDR TR 78462F103 2,659,262 000017428641 SH DEFINED 01 SOLE
SPDR INDEX SHS FDS 78463X830 241,178 000004335400 SH DEFINED 01 SOLE
SAFECO CORP 786429100 1,710 000000027941 SH DEFINED 01 SOLE
SAFEWAY INC 786514208 3,678 000000111109 SH DEFINED 01 SOLE
ST JUDE MED INC 790849103 3,801 000000086262 SH DEFINED 01 SOLE
SANDISK CORP 80004C101 3,176 000000057656 SH DEFINED 01 SOLE
SARA LEE CORP 803111103 3,059 000000183329 SH DEFINED 01 SOLE
SCHERING PLOUGH CORP 806605101 12,960 000000409769 SH DEFINED 01 SOLE
SCHLUMBERGER LTD 806857108 31,671 000000301638 SH DEFINED 01 SOLE
SCHWAB CHARLES CORP NEW 808513105 5,180 000000239823 SH DEFINED 01 SOLE
SCOTTS MIRACLE GRO CO 810186106 401 000000009390 SH DEFINED 01 SOLE
SCRIPPS E W CO OHIO 811054204 953 000000022713 SH DEFINED 01 SOLE
SEACOR HOLDINGS INC 811904101 933 000000009820 SH DEFINED 01 SOLE
SEALED AIR CORP NEW 81211K100 1,044 000000040871 SH DEFINED 01 SOLE
SEARS HLDGS CORP 812350106 2,436 000000019157 SH DEFINED 01 SOLE
SELECT SECTOR SPDR TR 81369Y100 119,865 000002846483 SH DEFINED 01 SOLE
SELECT SECTOR SPDR TR 81369Y209 48,652 000001376319 SH DEFINED 01 SOLE
SELECT SECTOR SPDR TR 81369Y308 42,110 000001505012 SH DEFINED 01 SOLE
SELECT SECTOR SPDR TR 81369Y407 60,145 000001633051 SH DEFINED 01 SOLE
SELECT SECTOR SPDR TR 81369Y506 397,182 000005309929 SH DEFINED 01 SOLE
SELECT SECTOR SPDR TR 81369Y605 319,737 000009316354 SH DEFINED 01 SOLE
SELECT SECTOR SPDR TR 81369Y704 274,244 000006675864 SH DEFINED 01 SOLE
SELECT SECTOR SPDR TR 81369Y803 36,615 000001357629 SH DEFINED 01 SOLE
SELECT SECTOR SPDR TR 81369Y886 164,237 000004126567 SH DEFINED 01 SOLE
SEMPRA ENERGY 816851109 3,882 000000066807 SH DEFINED 01 SOLE
SHERWIN WILLIAMS CO 824348106 1,805 000000027474 SH DEFINED 01 SOLE
SIGMA ALDRICH CORP 826552101 1,619 000000033228 SH DEFINED 01 SOLE
SIMON PPTY GROUP INC NEW 828806109 5,653 000000056532 SH DEFINED 01 SOLE
SMITH INTL INC 832110100 3,622 000000050741 SH DEFINED 01 SOLE
SMITHFIELD FOODS INC 832248108 315 000000010000 SH DEFINED 02 SOLE
SNAP ON INC 833034101 726 000000014657 SH DEFINED 01 SOLE
SOHU COM INC 83408W103 432 000000011473 SH DEFINED 02 SOLE
SOLECTRON CORP 834182107 901 000000231251 SH DEFINED 01 SOLE
SOUTHERN CO 842587107 6,943 000000191398 SH DEFINED 01 SOLE
SOUTHWEST AIRLS CO 844741108 2,798 000000189096 SH DEFINED 01 SOLE
SOVEREIGN BANCORP INC 845905108 1,549 000000090930 SH DEFINED 01 SOLE
SPECTRA ENERGY CORP 847560109 3,915 000000159950 SH DEFINED 01 SOLE
SPRINT NEXTEL CORP 852061100 13,685 000000720302 SH DEFINED 01 SOLE
STANLEY WKS 854616109 1,166 000000020774 SH DEFINED 01 SOLE
STAPLES INC 855030102 3,882 000000180649 SH DEFINED 01 SOLE
STARBUCKS CORP 855244109 4,941 000000188589 SH DEFINED 01 SOLE
STARWOOD HOTELS&RESORTS WRLD 85590A401 3,225 000000053094 SH DEFINED 01 SOLE
STATE STR CORP 857477103 6,717 000000098562 SH DEFINED 01 SOLE
STATION CASINOS INC 857689103 437 000000005000 SH DEFINED 01 SOLE
1Page 13 07-11-13 12:03:17
0 FORM 13F
INFORMATION TABLE
QUARTER ENDING
09/30/2007
NAME OF ISSUER TITLE CUSIP VALUE SHARES SH PUT INVSTMT OTHER VOTING AUTHORITY
OF CLASS X1000 PRN AMT PRN CALL DSCRETN MANAGERS
------------------------------ ---------- --------- ---------- ------------ --- ---- ------- -------- ----------------
0STRYKER CORP 863667101 4,127 000000060034 SH DEFINED 01 SOLE
SUN MICROSYSTEMS INC 866810104 5,030 000000895127 SH DEFINED 01 SOLE
SUN MICROSYSTEMS INC 866810104 5,196 000000019000 SH DEFINED 02 SOLE
SUNOCO INC 86764P109 2,155 000000030456 SH DEFINED 01 SOLE
SUNPOWER CORP 867652109 331 000000004005 SH DEFINED 02 SOLE
SUNTRUST BKS INC 867914103 6,683 000000088322 SH DEFINED 01 SOLE
SUNTECH PWR HLDGS CO LTD 86800C104 307 000000007700 SH DEFINED 02 SOLE
SUPERVALU INC 868536103 2,074 000000053166 SH DEFINED 01 SOLE
SYMANTEC CORP 871503108 4,410 000000227579 SH DEFINED 01 SOLE
SYNOVUS FINL CORP 87161C105 2,323 000000082848 SH DEFINED 01 SOLE
SYSCO CORP 871829107 5,493 000000154342 SH DEFINED 01 SOLE
TECO ENERGY INC 872375100 875 000000053276 SH DEFINED 01 SOLE
TJX COS INC NEW 872540109 3,270 000000112505 SH DEFINED 01 SOLE
TXU CORP 873168108 7,989 000000116688 SH DEFINED 01 SOLE
TARGACEPT INC 87611R306 10,660 000001190476 SH DEFINED 02 SOLE
TARGET CORP 87612E106 13,618 000000214223 SH DEFINED 01 SOLE
TEKTRONIX INC 879131100 532 000000019211 SH DEFINED 01 SOLE
TELLABS INC 879664100 1,055 000000110903 SH DEFINED 01 SOLE
TEMPLE INLAND INC 879868107 1,411 000000026815 SH DEFINED 01 SOLE
TENET HEALTHCARE CORP 88033G100 402 000000119909 SH DEFINED 01 SOLE
TERADYNE INC 880770102 662 000000047993 SH DEFINED 01 SOLE
TEREX CORP NEW 880779103 2,294 000000025780 SH DEFINED 01 SOLE
TEXAS INSTRS INC 882508104 13,231 000000361613 SH DEFINED 01 SOLE
TEXTRON INC 883203101 3,930 000000063187 SH DEFINED 01 SOLE
THERMO FISHER SCIENTIFIC INC 883556102 6,230 000000107939 SH DEFINED 01 SOLE
3M CO 88579Y101 16,950 000000181129 SH DEFINED 01 SOLE
3M CO 88579Y101 685 000000007323 SH DEFINED 02 SOLE
TIFFANY & CO NEW 886547108 1,811 000000034598 SH DEFINED 01 SOLE
TIME WARNER INC 887317105 17,424 000000949057 SH DEFINED 01 SOLE
TIME WARNER CABLE INC 88732J108 4,544 000000138559 SH DEFINED 01 SOLE
TORCHMARK CORP 891027104 1,509 000000024214 SH DEFINED 01 SOLE
TOWN SPORTS INTL HLDGS INC 89214A102 785 000000051658 SH DEFINED 01 SOLE
TRAVELERS COMPANIES INC 89417E109 8,392 000000166720 SH DEFINED 01 SOLE
TRIBUNE CO NEW 896047107 532 000000019478 SH DEFINED 01 SOLE
TRUMP ENTMT RESORTS INC 89816T103 167 000000025906 SH DEFINED 01 SOLE
21ST CENTY INS GROUP 90130N103 8,693 000000395000 SH DEFINED 01 SOLE
TYSON FOODS INC 902494103 1,242 000000069605 SH DEFINED 01 SOLE
UAL CORP 902549807 663 000000014259 SH DEFINED 01 SOLE
UST INC 902911106 2,000 000000040323 SH DEFINED 01 SOLE
US BANCORP DEL 902973304 14,210 000000436854 SH DEFINED 01 SOLE
US BANCORP DEL 902973304 900 000000027682 SH DEFINED 02 SOLE
U S G CORP 903293405 702 000000018700 SH DEFINED 01 SOLE
U S AIRWAYS GROUP INC 90341W108 363 000000013850 SH DEFINED 01 SOLE
UNION PAC CORP 907818108 7,621 000000067411 SH DEFINED 01 SOLE
UNISYS CORP 909214108 586 000000088549 SH DEFINED 01 SOLE
UNITED PARCEL SERVICE INC 911312106 19,948 000000265632 SH DEFINED 01 SOLE
1Page 14 07-11-13 12:03:17
0 FORM 13F
INFORMATION TABLE
QUARTER ENDING
09/30/2007
NAME OF ISSUER TITLE CUSIP VALUE SHARES SH PUT INVSTMT OTHER VOTING AUTHORITY
OF CLASS X1000 PRN AMT PRN CALL DSCRETN MANAGERS
------------------------------ ---------- --------- ---------- ------------ --- ---- ------- -------- ----------------
0UNITED STATES STL CORP NEW 912909108 3,168 000000029912 SH DEFINED 01 SOLE
UNITED TECHNOLOGIES CORP 913017109 20,197 000000250959 SH DEFINED 01 SOLE
UNITEDHEALTH GROUP INC 91324P102 16,279 000000336145 SH DEFINED 01 SOLE
UNUM GROUP 91529Y106 2,233 000000091292 SH DEFINED 01 SOLE
V F CORP 918204108 1,815 000000022484 SH DEFINED 01 SOLE
VALERO ENERGY CORP NEW 91913Y100 9,414 000000140138 SH DEFINED 01 SOLE
VARIAN MED SYS INC 92220P105 1,339 000000031988 SH DEFINED 01 SOLE
VERASUN ENERGY CORP 92336G106 373 000000033925 SH DEFINED 02 SOLE
VERENIUM CORPORATION 92340P100 102 000000019428 SH DEFINED 02 SOLE
VERISIGN INC 92343E102 2,081 000000061702 SH DEFINED 01 SOLE
VERIZON COMMUNICATIONS 92343V104 32,521 000000734458 SH DEFINED 01 SOLE
VERIZON COMMUNICATIONS 92343V104 200 000000004532 SH DEFINED 02 SOLE
VIACOM INC NEW 92553P201 6,770 000000173735 SH DEFINED 01 SOLE
VIACELL INC 92554J105 7,953 000001692184 SH DEFINED 02 SOLE
VIRGIN MEDIA INC 92769L101 3,352 000000138151 SH DEFINED 01 SOLE
VORNADO RLTY TR 929042109 3,701 000000033847 SH DEFINED 01 SOLE
VULCAN MATLS CO 929160109 2,155 000000024177 SH DEFINED 01 SOLE
WACHOVIA CORP NEW 929903102 24,148 000000481533 SH DEFINED 01 SOLE
WAL MART STORES INC 931142103 26,511 000000607357 SH DEFINED 01 SOLE
WAL MART STORES INC 931142103 710 000000016285 SH DEFINED 02 SOLE
WALGREEN CO 931422109 11,877 000000251427 SH DEFINED 01 SOLE
WALTER INDS INC 93317Q105 430 000000016000 SH DEFINED 01 SOLE
WASHINGTON MUT INC 939322103 7,824 000000221593 SH DEFINED 01 SOLE
WASTE MGMT INC DEL 94106L109 4,991 000000132253 SH DEFINED 01 SOLE
WATERS CORP 941848103 1,689 000000025254 SH DEFINED 01 SOLE
WATSON PHARMACEUTICALS INC 942683103 840 000000025936 SH DEFINED 01 SOLE
WELLPOINT INC 94973V107 12,136 000000153787 SH DEFINED 01 SOLE
WELLS FARGO & CO NEW 949746101 30,126 000000845774 SH DEFINED 01 SOLE
WENDYS INTL INC 950590109 771 000000022096 SH DEFINED 01 SOLE
WESTERN UN CO 959802109 4,099 000000195506 SH DEFINED 01 SOLE
WEYERHAEUSER CO 962166104 3,949 000000054620 SH DEFINED 01 SOLE
WHIRLPOOL CORP 963320106 1,758 000000019738 SH DEFINED 01 SOLE
WHOLE FOODS MKT INC 966837106 1,721 000000035168 SH DEFINED 01 SOLE
WILLIAMS COS INC DEL 969457100 5,172 000000151877 SH DEFINED 01 SOLE
WINDSTREAM CORP 97381W104 1,705 000000120799 SH DEFINED 01 SOLE
WINN DIXIE STORES INC 974280307 1,258 000000067241 SH DEFINED 01 SOLE
WRIGLEY WM JR CO 982526105 3,530 000000054972 SH DEFINED 01 SOLE
WYETH 983024100 15,175 000000340644 SH DEFINED 01 SOLE
WYNDHAM WORLDWIDE CORP 98310W108 1,480 000000045190 SH DEFINED 01 SOLE
XTO ENERGY INC 98385X106 6,037 000000097626 SH DEFINED 01 SOLE
XCEL ENERGY INC 98389B100 2,288 000000106244 SH DEFINED 01 SOLE
XILINX INC 983919101 1,957 000000074873 SH DEFINED 01 SOLE
XEROX CORP 984121103 4,106 000000236802 SH DEFINED 01 SOLE
YAHOO INC 984332106 9,150 000000340886 SH DEFINED 01 SOLE
YAHOO INC 984332106 2,255 000000084029 SH DEFINED 02 SOLE
YINGLI GREEN ENERGY HLDG CO 98584B103 342 000000013141 SH DEFINED 02 SOLE
1Page 15 07-11-13 12:03:17
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INFORMATION TABLE
QUARTER ENDING
09/30/2007
NAME OF ISSUER TITLE CUSIP VALUE SHARES SH PUT INVSTMT OTHER VOTING AUTHORITY
OF CLASS X1000 PRN AMT PRN CALL DSCRETN MANAGERS
------------------------------ ---------- --------- ---------- ------------ --- ---- ------- -------- ----------------
0YUM BRANDS INC 988498101 4,450 000000131568 SH DEFINED 01 SOLE
ZIMMER HLDGS INC 98956P102 4,888 000000060363 SH DEFINED 01 SOLE
ZIONS BANCORPORATION 989701107 1,869 000000027225 SH DEFINED 01 SOLE
ZOLTEK COS INC 98975W104 472 000000010822 SH DEFINED 02 SOLE