13F-HR 1 form13fhr.txt NONE UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 12/31/2011 Check here if Amendment []; Amendment Number: ------- This Amendment (Check only one.): [] is a restatement. [] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Bridgewater Associates, LP Address: One Glendinning Place Wesport, CT 06880 Form 13F File Number: 28-11794 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, lists, and tables, are considered integral parts of this submission. Persons Signing this Report on Behalf of Reporting Manager: Name: Helen Glotzer Title: Chief Compliance Officer Phone: 203-226-3030 Signature, Place, and Date of Signing: /s/ Helen Glotzer Westport, CT 2/14/2012 --------------------------------- --------------------------------- ---------- [Signature] [City, State] [Date] Report Type (Check only one): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 262 Form 13F Information Table Value Total: $ 5,965,254 -------------- (In Thousands) List of Other Included Managers: Provide a numbered list of the name(s) and 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. NONE
FORM 13F INFORMATION TABLE 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 MANAGERS SOLE SHARED NONE ----------------------------------------- -------------- --------- ---------- -------- --- ---- ---------- -------- ---- ------ ---- 3M CO COM 88579Y101 7053.54 86303 SH SOLE N/A SOLE 0 0 Abercrombie & Fitch Co CL A 002896207 3805.37 77915 SH SOLE N/A SOLE 0 0 Activision Blizzard Inc COM 00507V109 450.91 36600 SH SOLE N/A SOLE 0 0 Advance Auto Parts Inc COM 00751Y106 209.66 3011 SH SOLE N/A SOLE 0 0 AES CORP COM 00130H105 201.28 17000 SH SOLE N/A SOLE 0 0 AETNA INC COM 00817Y108 1678.57 39786 SH SOLE N/A SOLE 0 0 AFLAC INC COM 001055102 3724.99 86107 SH SOLE N/A SOLE 0 0 AGCO CORP COM 001084102 7261.07 168980 SH SOLE N/A SOLE 0 0 AGILENT TECHNOLOGIES INC COM 00846U101 8834.88 252931 SH SOLE N/A SOLE 0 0 ALCOA INC COM 013817101 7557.35 873682 SH SOLE N/A SOLE 0 0 ALLERGAN INC COM 018490102 5245.54 59785 SH SOLE N/A SOLE 0 0 Allstate Corp/The COM 020002101 11222.91 409446 SH SOLE N/A SOLE 0 0 American Capital Ltd COM 02503Y103 220.77 32804 SH SOLE N/A SOLE 0 0 American Eagle Outfitters Inc COM 02553E106 1858.77 121568 SH SOLE N/A SOLE 0 0 AMERICAN EXPRESS CO COM 025816109 856.47 18157 SH SOLE N/A SOLE 0 0 American Tower Corp CL A 029912201 1191.98 19863 SH SOLE N/A SOLE 0 0 AMERISOURCEBERGEN CORP COM 03073E105 6025.15 162010 SH SOLE N/A SOLE 0 0 AMYLIN PHARMACEUTICALS INC COM 032346108 239.79 21071 SH SOLE N/A SOLE 0 0 Annaly Capital Management Inc COM 035710409 267.87 16784 SH SOLE N/A SOLE 0 0 APACHE CORP COM 037411105 1965.40 21698 SH SOLE N/A SOLE 0 0 Apple Inc COM 037833100 9517.50 23500 SH SOLE N/A SOLE 0 0 APPLIED MATERIALS INC COM 038222105 12595.90 1176088 SH SOLE N/A SOLE 0 0 ARCH COAL INC COM 039380100 14678.05 1011582 SH SOLE N/A SOLE 0 0 AUTODESK INC COM 052769106 3776.15 124502 SH SOLE N/A SOLE 0 0 AUTOZONE INC COM 053332102 1489.66 4584 SH SOLE N/A SOLE 0 0 AVALONBAY COMMUNITIES INC COM 053484101 304.95 2335 SH SOLE N/A SOLE 0 0 BANK OF AMERICA CORP COM 060505104 13017.02 2341191 SH SOLE N/A SOLE 0 0 Bank of New York Mellon Corp/T COM 064058100 3764.76 189089 SH SOLE N/A SOLE 0 0 Baxter International Inc COM 071813109 3456.18 69850 SH SOLE N/A SOLE 0 0 BCE INC COM NEW 05534B760 16576.04 390300 SH SOLE N/A SOLE 0 0 BECTON DICKINSON & CO COM 075887109 806.83 10798 SH SOLE N/A SOLE 0 0 BED BATH & BEYOND INC COM 075896100 3293.10 56807 SH SOLE N/A SOLE 0 0 BERKSHIRE HATHAWAY INC-CL B CL B NEW 084670702 19044.71 249603 SH SOLE N/A SOLE 0 0 BEST BUY CO INC COM 086516101 9000.37 385125 SH SOLE N/A SOLE 0 0 BIG LOTS INC COM 089302103 217.31 5755 SH SOLE N/A SOLE 0 0 BMC SOFTWARE INC COM 055921100 26960.24 822460 SH SOLE N/A SOLE 0 0 BOSTON SCIENTIFIC CORP COM 101137107 10448.69 1956684 SH SOLE N/A SOLE 0 0 Broadcom Corp CL A 111320107 18864.92 642538 SH SOLE N/A SOLE 0 0 Brocade Communications Systems Inc COM NEW 111621306 167.82 32335 SH SOLE N/A SOLE 0 0 CA INC COM 12673P105 10842.05 536337 SH SOLE N/A SOLE 0 0 Cablevision Systems Corp CL A NY CABLVS 12686C109 198.50 13959 SH SOLE N/A SOLE 0 0 CACI International Inc CL A 127190304 207.02 3702 SH SOLE N/A SOLE 0 0 Canadian National Railway Co COM 136375102 3831.17 47800 SH SOLE N/A SOLE 0 0 CANADIAN NATURAL RESOURCES COM 136385101 6069.67 159100 SH SOLE N/A SOLE 0 0 CANADIAN PACIFIC RAILWAY LTD COM 13645T100 745.31 10800 SH SOLE N/A SOLE 0 0 CAPITAL ONE FINANCIAL CORP COM 14040H105 3779.16 89363 SH SOLE N/A SOLE 0 0 CARDINAL HEALTH INC COM 14149Y108 1425.41 35100 SH SOLE N/A SOLE 0 0 CATERPILLAR INC COM 149123101 7101.86 78387 SH SOLE N/A SOLE 0 0 CBS CORP CL B 124857202 7154.13 263601 SH SOLE N/A SOLE 0 0 CENOVUS ENERGY INC-W/I COM 15135U109 3707.77 109600 SH SOLE N/A SOLE 0 0 Charles River Laboratories International COM 159864107 226.54 8289 SH SOLE N/A SOLE 0 0 Inc Chevron Corp COM 166764100 2982.92 28035 SH SOLE N/A SOLE 0 0 Ciena Corp COM NEW 171779309 1758.93 145366 SH SOLE N/A SOLE 0 0 Cigna Corp COM 125509109 2770.28 65959 SH SOLE N/A SOLE 0 0 CITIGROUP INC COM NEW 172967424 2158.00 82022 SH SOLE N/A SOLE 0 0 Cliffs Natural Resources Inc COM 18683K101 17229.67 276338 SH SOLE N/A SOLE 0 0 CME GROUP INC COM 12572Q105 3078.28 12633 SH SOLE N/A SOLE 0 0 Cognizant Technology Solutions Corp CL A 192446102 10271.72 159722 SH SOLE N/A SOLE 0 0 COMERICA INC COM 200340107 557.51 21609 SH SOLE N/A SOLE 0 0
FORM 13F INFORMATION TABLE 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 MANAGERS SOLE SHARED NONE ----------------------------------------- -------------- --------- ---------- -------- --- ---- ---------- -------- ---- ------ ---- COMMUNITY HEALTH SYSTEMS INC COM 203668108 439.09 25163 SH SOLE N/A SOLE 0 0 COMPUTER SCIENCES CORP COM 205363104 1492.53 62976 SH SOLE N/A SOLE 0 0 CONVERGYS CORP COM 212485106 207.04 16213 SH SOLE N/A SOLE 0 0 Cooper Industries PLC SHS G24140108 1872.34 34577 SH SOLE N/A SOLE 0 0 CoreLogic Inc COM 21871D103 216.46 16741 SH SOLE N/A SOLE 0 0 CORNING INC COM 219350105 3904.89 300839 SH SOLE N/A SOLE 0 0 COSTCO WHOLESALE CORP COM 22160K105 3682.83 44201 SH SOLE N/A SOLE 0 0 Covidien Plc SHS G2554F113 2218.99 49300 SH SOLE N/A SOLE 0 0 CR Bard Inc COM 067383109 5954.22 69640 SH SOLE N/A SOLE 0 0 CROWN CASTLE INTL CORP COM 228227104 237.35 5298 SH SOLE N/A SOLE 0 0 CSX CORP COM 126408103 11667.09 553993 SH SOLE N/A SOLE 0 0 CUMMINS INC COM 231021106 8464.00 96160 SH SOLE N/A SOLE 0 0 CYPRESS SEMICONDUCTOR CORP COM 232806109 1807.08 106991 SH SOLE N/A SOLE 0 0 DANAHER CORP COM 235851102 930.87 19789 SH SOLE N/A SOLE 0 0 DARDEN RESTAURANTS INC COM 237194105 3064.62 67236 SH SOLE N/A SOLE 0 0 DAVITA INC COM 23918K108 10451.39 137863 SH SOLE N/A SOLE 0 0 DEAN FOODS CO COM 242370104 230.68 20596 SH SOLE N/A SOLE 0 0 DEERE & CO COM 244199105 2437.92 31518 SH SOLE N/A SOLE 0 0 DELL INC COM 24702R101 26671.22 1823050 SH SOLE N/A SOLE 0 0 Delta Air Lines COM NEW 247361702 1496.69 185005 SH SOLE N/A SOLE 0 0 Denbury Resources Inc COM NEW 247916208 10293.34 681678 SH SOLE N/A SOLE 0 0 DIRECTV COM CL A 25490A101 6186.17 144672 SH SOLE N/A SOLE 0 0 DOLLAR TREE INC COM 256746108 3471.59 41771 SH SOLE N/A SOLE 0 0 DreamWorks Animation SKG Inc CL A 26153C103 199.67 12032 SH SOLE N/A SOLE 0 0 Eastman Chemical Co COM 277432100 12172.97 311648 SH SOLE N/A SOLE 0 0 EATON CORP COM 278058102 1917.15 44042 SH SOLE N/A SOLE 0 0 EBAY INC COM 278642103 5382.06 177450 SH SOLE N/A SOLE 0 0 EI Du Pont de Nemours & Co COM 263534109 2206.60 48200 SH SOLE N/A SOLE 0 0 Elan Corp PLC ADR 284131208 4374.43 318372 SH SOLE N/A SOLE 0 0 EMC Corp/Massachusetts COM 268648102 6134.59 284800 SH SOLE N/A SOLE 0 0 EMERSON ELECTRIC CO COM 291011104 1679.99 36059 SH SOLE N/A SOLE 0 0 ENBRIDGE INC COM 29250N105 4113.72 108000 SH SOLE N/A SOLE 0 0 ENCANA CORP COM 292505104 2089.23 110600 SH SOLE N/A SOLE 0 0 EQUITY RESIDENTIAL SH BEN INT 29476L107 304.20 5334 SH SOLE N/A SOLE 0 0 Expeditors International Washington Inc COM 302130109 4588.71 112029 SH SOLE N/A SOLE 0 0 EXPRESS SCRIPTS INC COM 302182100 5804.78 129890 SH SOLE N/A SOLE 0 0 FEDEX CORP COM 31428X106 1569.99 18800 SH SOLE N/A SOLE 0 0 FIFTH THIRD BANCORP COM 316773100 263.30 20700 SH SOLE N/A SOLE 0 0 FISERV INC COM 337738108 205.24 3494 SH SOLE N/A SOLE 0 0 Flextronics International Ltd ORD Y2573F102 177.69 31394 SH SOLE N/A SOLE 0 0 FLUOR CORP COM 343412102 2209.39 43968 SH SOLE N/A SOLE 0 0 FOSSIL INC COM 349882100 2533.17 31920 SH SOLE N/A SOLE 0 0 FRANKLIN RESOURCES INC COM 354613101 1208.15 12577 SH SOLE N/A SOLE 0 0 GAP INC/THE COM 364760108 10999.02 592939 SH SOLE N/A SOLE 0 0 GENERAL DYNAMICS CORP COM 369550108 10758.09 161995 SH SOLE N/A SOLE 0 0 GENERAL ELECTRIC CO COM 369604103 19796.82 1105350 SH SOLE N/A SOLE 0 0 GENUINE PARTS CO COM 372460105 1744.14 28499 SH SOLE N/A SOLE 0 0 Genworth Financial Inc COM CL A 37247D106 222.94 34037 SH SOLE N/A SOLE 0 0 GILDAN ACTIVEWEAR INC COM 375916103 486.66 25400 SH SOLE N/A SOLE 0 0 Goldman Sachs Group Inc/The COM 38141G104 16209.49 179249 SH SOLE N/A SOLE 0 0 GOODYEAR TIRE & RUBBER CO COM 382550101 2029.53 143227 SH SOLE N/A SOLE 0 0 H&R BLOCK INC COM 093671105 213.09 13049 SH SOLE N/A SOLE 0 0 HALLIBURTON CO COM 406216101 6101.26 176797 SH SOLE N/A SOLE 0 0 Hartford Financial Services Group Inc COM 416515104 13032.74 802015 SH SOLE N/A SOLE 0 0 Health Management Associates Inc CL A 421933102 191.54 25989 SH SOLE N/A SOLE 0 0 HELMERICH & PAYNE COM 423452101 5322.49 91201 SH SOLE N/A SOLE 0 0 HEWLETT-PACKARD CO COM 428236103 22385.44 869000 SH SOLE N/A SOLE 0 0 HollyFrontier Corp COM 436106108 22280.12 952142 SH SOLE N/A SOLE 0 0 HOME DEPOT INC COM 437076102 1815.29 43180 SH SOLE N/A SOLE 0 0 Host Hotels & Resorts Inc COM 44107P104 316.34 21418 SH SOLE N/A SOLE 0 0
FORM 13F INFORMATION TABLE 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 MANAGERS SOLE SHARED NONE ----------------------------------------- -------------- --------- ---------- -------- --- ---- ---------- -------- ---- ------ ---- Huntington Bancshares Inc/OH COM 446150104 763.83 139131 SH SOLE N/A SOLE 0 0 Illinois Tool Works Inc COM 452308109 854.23 18288 SH SOLE N/A SOLE 0 0 IMPERIAL OIL LTD COM NEW 453038408 5428.64 119600 SH SOLE N/A SOLE 0 0 Ingersoll-Rand Plc SHS G47791101 2369.32 77759 SH SOLE N/A SOLE 0 0 Ingram Micro Inc CL A 457153104 216.02 11876 SH SOLE N/A SOLE 0 0 International Game Technology COM 459902102 4135.09 240412 SH SOLE N/A SOLE 0 0 INTERNATIONAL PAPER CO COM 460146103 16231.22 548352 SH SOLE N/A SOLE 0 0 INTERPUBLIC GROUP OF COS INC COM 460690100 9620.81 988778 SH SOLE N/A SOLE 0 0 IRON MOUNTAIN INC COM 462846106 206.27 6697 SH SOLE N/A SOLE 0 0 ISHARES IBOXX INV GR CORP BD IBOXX INV CPBD 464287242 35489.82 311971 SH SOLE N/A SOLE 0 0 ISHARES MSCI EMERGING MKT MSCI EMERG MKT 464287234 804457.00 21203400 SH SOLE N/A SOLE 0 0 ISHARES S&P 500 INDEX FUND S&P 500 INDEX 464287200 22043.00 175000 SH SOLE N/A NONE 0 0 JABIL CIRCUIT INC COM 466313103 2838.94 144402 SH SOLE N/A SOLE 0 0 Jack Henry & Associates Inc COM 426281101 327.36 9740 SH SOLE N/A SOLE 0 0 Jarden Corp COM 471109108 215.82 7223 SH SOLE N/A SOLE 0 0 JB Hunt Transport Services Inc COM 445658107 1734.70 38489 SH SOLE N/A SOLE 0 0 JOHNSON & JOHNSON COM 478160104 27621.84 421193 SH SOLE N/A SOLE 0 0 JOY GLOBAL INC COM 481165108 3305.13 44086 SH SOLE N/A SOLE 0 0 JPMorgan Chase & Co COM 46625H100 1174.86 35334 SH SOLE N/A SOLE 0 0 JUNIPER NETWORKS INC COM 48203R104 6638.62 325263 SH SOLE N/A SOLE 0 0 KEYCORP COM 493267108 186.42 24242 SH SOLE N/A SOLE 0 0 KIMCO REALTY CORP COM 49446R109 348.61 21466 SH SOLE N/A SOLE 0 0 Kla-Tencor Corp COM 482480100 8415.96 174424 SH SOLE N/A SOLE 0 0 KNIGHT TRANSPORTATION INC COM 499064103 1402.64 89683 SH SOLE N/A SOLE 0 0 Kohl's Corp COM 500255104 11675.27 236581 SH SOLE N/A SOLE 0 0 Kroger Co/The COM 501044101 12081.25 498813 SH SOLE N/A SOLE 0 0 Laboratory Corp of America Holdings COM NEW 50540R409 2550.82 29671 SH SOLE N/A SOLE 0 0 LAM RESEARCH CORP COM 512807108 13110.41 354144 SH SOLE N/A SOLE 0 0 Lamar Advertising Co CL A 512815101 207.87 7559 SH SOLE N/A SOLE 0 0 LEGG MASON INC COM 524901105 227.22 9448 SH SOLE N/A SOLE 0 0 LEGGETT & PLATT INC COM 524660107 1705.84 74038 SH SOLE N/A SOLE 0 0 Liberty Global Inc COM SER A 530555101 205.23 5002 SH SOLE N/A SOLE 0 0 Liberty Interactive Corp INT COM SER A 53071M104 1847.83 113958 SH SOLE N/A SOLE 0 0 Liberty Media Corp - Cap Ser A LIB CAP COM A 530322106 315.79 4046 SH SOLE N/A SOLE 0 0 Life Technologies Corp COM 53217V109 10666.36 274129 SH SOLE N/A SOLE 0 0 LINCOLN NATIONAL CORP COM 534187109 6894.99 355046 SH SOLE N/A SOLE 0 0 LOEWS CORP COM 540424108 1822.26 48400 SH SOLE N/A SOLE 0 0 Lorillard Inc COM 544147101 2702.48 23706 SH SOLE N/A SOLE 0 0 Ltd Brands Inc COM 532716107 232.94 5773 SH SOLE N/A SOLE 0 0 Macy's Inc COM 55616P104 9222.79 286600 SH SOLE N/A SOLE 0 0 ManpowerGroup COM 56418H100 1744.28 48791 SH SOLE N/A SOLE 0 0 Martin Marietta Materials Inc COM 573284106 223.36 2962 SH SOLE N/A SOLE 0 0 MASCO CORP COM 574599106 1876.20 179027 SH SOLE N/A SOLE 0 0 McGraw-Hill Cos Inc/The COM 580645109 6682.36 148596 SH SOLE N/A SOLE 0 0 MCKESSON CORP COM 58155Q103 8244.28 105818 SH SOLE N/A SOLE 0 0 Medicis Pharmaceutical Corp CL A NEW 584690309 209.48 6300 SH SOLE N/A SOLE 0 0 MEDTRONIC INC COM 585055106 3323.93 86900 SH SOLE N/A SOLE 0 0 Merck & Co Inc COM 58933Y105 8254.08 218941 SH SOLE N/A SOLE 0 0 METLIFE INC COM 59156R108 8113.19 260205 SH SOLE N/A SOLE 0 0 Microsoft Corp COM 594918104 776.31 29904 SH SOLE N/A SOLE 0 0 MONSANTO CO COM 61166W101 1143.12 16314 SH SOLE N/A SOLE 0 0 MOODY'S CORP COM 615369105 2271.58 67446 SH SOLE N/A SOLE 0 0 Motorola Solutions Inc COM NEW 620076307 7643.82 165129 SH SOLE N/A SOLE 0 0 Mylan Inc COM 628530107 11092.12 516874 SH SOLE N/A SOLE 0 0 NATIONAL OILWELL VARCO INC COM 637071101 1926.90 28341 SH SOLE N/A SOLE 0 0 NCR Corp COM 62886E108 177.42 10779 SH SOLE N/A SOLE 0 0 NetApp Inc COM 64110D104 7517.43 207263 SH SOLE N/A SOLE 0 0 New York Times Co/The CL A 650111107 185.74 24029 SH SOLE N/A SOLE 0 0 News Corp CL A 65248E104 11221.36 629000 SH SOLE N/A SOLE 0 0 NII HOLDINGS INC CL B NEW 62913F201 237.47 11149 SH SOLE N/A SOLE 0 0
FORM 13F INFORMATION TABLE 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 MANAGERS SOLE SHARED NONE ----------------------------------------- -------------- --------- ---------- -------- --- ---- ---------- -------- ---- ------ ---- NOBLE ENERGY INC COM 655044105 1195.45 12665 SH SOLE N/A SOLE 0 0 NORDSTROM INC COM 655664100 3224.99 64876 SH SOLE N/A SOLE 0 0 NORFOLK SOUTHERN CORP COM 655844108 2857.57 39220 SH SOLE N/A SOLE 0 0 NORTHROP GRUMMAN CORP COM 666807102 7074.73 120977 SH SOLE N/A SOLE 0 0 NVIDIA CORP COM 67066G104 11595.80 836638 SH SOLE N/A SOLE 0 0 Oceaneering International Inc COM 675232102 205.14 4447 SH SOLE N/A SOLE 0 0 OMNICARE INC COM 681904108 202.60 5881 SH SOLE N/A SOLE 0 0 Omnicom Group Inc COM 681919106 7876.48 176682 SH SOLE N/A SOLE 0 0 ORACLE CORP COM 68389X105 23172.16 903398 SH SOLE N/A SOLE 0 0 OSHKOSH CORP COM 688239201 255.45 11948 SH SOLE N/A SOLE 0 0 OWENS-ILLINOIS INC COM NEW 690768403 285.00 14706 SH SOLE N/A SOLE 0 0 PACCAR INC COM 693718108 1947.02 51962 SH SOLE N/A SOLE 0 0 PARKER HANNIFIN CORP COM 701094104 9788.52 128374 SH SOLE N/A SOLE 0 0 PATTERSON-UTI ENERGY INC COM 703481101 6701.41 335406 SH SOLE N/A SOLE 0 0 PEABODY ENERGY CORP COM 704549104 14897.25 449932 SH SOLE N/A SOLE 0 0 PFIZER INC COM 717081103 13827.96 639000 SH SOLE N/A SOLE 0 0 POTLATCH CORP COM 737630103 1106.58 35570 SH SOLE N/A SOLE 0 0 Principal Financial Group Inc COM 74251V102 833.50 33882 SH SOLE N/A SOLE 0 0 ProLogis Inc COM 74340W103 358.66 12545 SH SOLE N/A SOLE 0 0 PRUDENTIAL FINANCIAL INC COM 744320102 3543.28 70696 SH SOLE N/A SOLE 0 0 QUICKSILVER RESOURCES INC COM 74837R104 208.90 31132 SH SOLE N/A SOLE 0 0 REGIONS FINANCIAL CORP COM 7591EP100 7266.55 1689896 SH SOLE N/A SOLE 0 0 REPUBLIC SERVICES INC COM 760759100 10127.57 367607 SH SOLE N/A SOLE 0 0 RESEARCH IN MOTION COM 760975102 478.02 32967 SH SOLE N/A SOLE 0 0 Robert Half International Inc COM 770323103 1727.12 60686 SH SOLE N/A SOLE 0 0 Rockwell Collins Inc COM 774341101 5836.33 105406 SH SOLE N/A SOLE 0 0 Rogers Communications Inc CL B 775109200 10801.60 275200 SH SOLE N/A SOLE 0 0 RR DONNELLEY & SONS CO COM 257867101 1599.81 110867 SH SOLE N/A SOLE 0 0 SAFEWAY INC COM NEW 786514208 4599.47 218606 SH SOLE N/A SOLE 0 0 SBA Communications Corp COM 78388J106 243.33 5664 SH SOLE N/A SOLE 0 0 SEALED AIR CORP COM 81211K100 189.31 11000 SH SOLE N/A SOLE 0 0 Shaw Communications Inc CL B CONV 82028K200 490.05 24200 SH SOLE N/A SOLE 0 0 SHERWIN-WILLIAMS CO/THE COM 824348106 964.65 10806 SH SOLE N/A SOLE 0 0 SILICON LABORATORIES INC COM 826919102 233.34 5374 SH SOLE N/A SOLE 0 0 SL GREEN REALTY CORP COM 78440X101 342.40 5138 SH SOLE N/A SOLE 0 0 Southwest Airlines Co COM 844741108 7729.23 902947 SH SOLE N/A SOLE 0 0 SPDR S&P 500 ETF Trust TR UNIT 78462F103 2249725.55 17926100 SH SOLE N/A SOLE 0 0 SPDR S&P 500 ETF Trust TR UNIT 78462F103 373011.10 2972200 SH SOLE N/A NONE 0 0 ST JUDE MEDICAL INC COM 790849103 16440.88 479326 SH SOLE N/A SOLE 0 0 Stanley Black & Decker Inc COM 854502101 6879.85 101773 SH SOLE N/A SOLE 0 0 STAPLES INC COM 855030102 18975.62 1366135 SH SOLE N/A SOLE 0 0 STRYKER CORP COM 863667101 3395.49 68306 SH SOLE N/A SOLE 0 0 SUNCOR ENERGY INC COM 867224107 7030.63 239300 SH SOLE N/A SOLE 0 0 SUNOCO INC COM 86764P109 225.65 5501 SH SOLE N/A SOLE 0 0 SUNTRUST BANKS INC COM 867914103 4786.58 270428 SH SOLE N/A SOLE 0 0 SYMANTEC CORP COM 871503108 17458.84 1115581 SH SOLE N/A SOLE 0 0 TALISMAN ENERGY INC COM 87425E103 2244.24 172900 SH SOLE N/A SOLE 0 0 TARGET CORP COM 87612E106 3928.57 76700 SH SOLE N/A SOLE 0 0 TEREX CORP COM 880779103 1649.11 122066 SH SOLE N/A SOLE 0 0 Tesoro Corp COM 881609101 23863.01 1021533 SH SOLE N/A SOLE 0 0 TEXTRON INC COM 883203101 503.30 27220 SH SOLE N/A SOLE 0 0 Thermo Fisher Scientific Inc COM 883556102 11083.62 246467 SH SOLE N/A SOLE 0 0 TIMKEN CO COM 887389104 1951.56 50415 SH SOLE N/A SOLE 0 0 TOLL BROTHERS INC COM 889478103 1752.75 85835 SH SOLE N/A SOLE 0 0 TRANSCANADA CORP COM 89353D107 4577.68 102800 SH SOLE N/A SOLE 0 0 TYCO INTERNATIONAL LTD SHS H89128104 2066.59 44243 SH SOLE N/A SOLE 0 0 UNUM GROUP COM 91529Y106 3099.63 147111 SH SOLE N/A SOLE 0 0 URS Corp COM 903236107 244.58 6964 SH SOLE N/A SOLE 0 0 VALERO ENERGY CORP COM 91913Y100 25060.72 1190533 SH SOLE N/A SOLE 0 0 Vanguard MSCI Emerging Markets MSCI EMR MKT 922042858 1144680.74 29957622 SH SOLE N/A SOLE 0 0 ETF
FORM 13F INFORMATION TABLE 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 MANAGERS SOLE SHARED NONE ----------------------------------------- -------------- --------- ---------- -------- --- ---- ---------- -------- ---- ------ ---- VENTAS INC COM 92276F100 955.29 17328 SH SOLE N/A SOLE 0 0 VERISIGN INC COM 92343E102 294.30 8239 SH SOLE N/A SOLE 0 0 Vertex Pharmaceuticals Inc COM 92532F100 14527.98 437458 SH SOLE N/A SOLE 0 0 Viacom Inc-Class B CL B 92553P201 5975.96 131600 SH SOLE N/A SOLE 0 0 Virgin Media Inc COM 92769L101 5584.63 261208 SH SOLE N/A SOLE 0 0 VORNADO REALTY TRUST SH BEN INT 929042109 1595.84 20763 SH SOLE N/A SOLE 0 0 WALGREEN CO COM 931422109 17421.10 526954 SH SOLE N/A SOLE 0 0 WAL-MART STORES INC COM 931142103 6884.35 115200 SH SOLE N/A SOLE 0 0 Walt Disney Co/The COM DISNEY 254687106 6340.13 169070 SH SOLE N/A SOLE 0 0 WASTE MANAGEMENT INC COM 94106L109 8807.40 269257 SH SOLE N/A SOLE 0 0 WATERS CORP COM 941848103 1693.75 22873 SH SOLE N/A SOLE 0 0 WATSON PHARMACEUTICALS INC COM 942683103 19543.76 323894 SH SOLE N/A SOLE 0 0 Weatherford International Ltd REG SHS H27013103 3290.49 224760 SH SOLE N/A SOLE 0 0 WellCare Health Plans Inc COM 94946T106 237.83 4530 SH SOLE N/A SOLE 0 0 WELLPOINT INC. COM 94973V107 3366.69 50818 SH SOLE N/A SOLE 0 0 WILLIAMS COS INC COM 969457100 334.89 10142 SH SOLE N/A SOLE 0 0 WILLIAMS-SONOMA INC COM 969904101 206.36 5360 SH SOLE N/A SOLE 0 0 WYNN RESORTS LTD COM 983134107 8984.60 81316 SH SOLE N/A SOLE 0 0 XEROX CORP COM 984121103 11766.30 1478178 SH SOLE N/A SOLE 0 0 XL Group PLC SHS G98290102 8543.25 432132 SH SOLE N/A SOLE 0 0 YAHOO! INC COM 984332106 620.83 38489 SH SOLE N/A SOLE 0 0 YUM! BRANDS INC COM 988498101 1230.24 20848 SH SOLE N/A SOLE 0 0 ZIMMER HOLDINGS INC COM 98956P102 9877.79 184908 SH SOLE N/A SOLE 0 0