The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ABB LTD ZUERICH COM 000375204 205 8,677 SH   SOLE   8,677 0 0
ACCESS NATL CORP COM 004337101 371 25,983 SH   SOLE   25,983 0 0
AG MORTGAGE INVESTMENT TR COM 001228105 1,580 95,041 SH   SOLE   95,041 0 0
ALCATEL-LUCENT COM 013904305 1,493 422,876 SH   SOLE   422,876 0 0
ALLSTATE CORP COM 020002101 506 10,000 SH   SOLE   10,000 0 0
AMERIS BANCORP COM 03076K108 487 26,483 SH   SOLE   26,483 0 0
ANADARKO PETE CORP COM 032511107 6,439 69,249 SH   SOLE   69,249 0 0
APARTMENT INVESTMENT & MA COM 03748R101 1,309 46,848 SH   SOLE   46,848 0 0
APPLIED MICRO CIRCUITS CO COM 03822W406 241 18,655 SH   SOLE   18,655 0 0
ARBOR REALTY TRUST INC COM 038923108 271 40,000 SH   SOLE   40,000 0 0
ASTORIA FINL CORP COM 046265104 311 24,971 SH   SOLE   24,971 0 0
AVAGO TECHNOLOGIES LTD COM Y0486S104 520 12,082 SH   SOLE   12,082 0 0
AVALONBAY COMMUNITIES INC COM 053484101 1,401 11,027 SH   SOLE   11,027 0 0
BANK OF COMMERCE HLDS COM 06424J103 367 63,898 SH   SOLE   63,898 0 0
BANNER CORP COM 06652V208 604 15,825 SH   SOLE   15,825 0 0
BASIC ENERGY SVCS INC NEW COM 06985P100 385 30,453 SH   SOLE   30,453 0 0
BERRY PETE CO COM 085789105 1,512 35,049 SH   SOLE   35,049 0 0
BIOMED REALTY TRUST INC COM 09063H107 1,897 102,068 SH   SOLE   102,068 0 0
BK OF MARIN BNCP COM 063425102 540 13,005 SH   SOLE   13,005 0 0
BNC BANCORP COM 05566T101 503 37,698 SH   SOLE   37,698 0 0
BRIDGE BANCORP INC COM 108035106 467 21,710 SH   SOLE   21,710 0 0
BRIDGE CAP HLDGS COM 108030107 427 25,139 SH   SOLE   25,139 0 0
BSB BANCORP INC/MA COM 05573H108 392 27,995 SH   SOLE   27,995 0 0
CAMCO FINANCIAL CORP COM 132618109 535 132,820 SH   SOLE   132,820 0 0
CAMERON INTL CORP COM 13342B105 1,492 25,556 SH   SOLE   25,556 0 0
CAPE BANCORP INC COM 139209100 336 36,656 SH   SOLE   36,656 0 0
CARDINAL FINL CORP COM 14149F109 791 47,825 SH   SOLE   47,825 0 0
CENOVUS ENRG COM 15135U109 4,478 150,000 SH   SOLE   150,000 0 0
CENTER BANCORP INC COM 151408101 262 18,413 SH   SOLE   18,413 0 0
CHATHAM LODGING TRUST COM 16208T102 443 24,821 SH   SOLE   24,821 0 0
CHESAPEAKE LODGING TRUST COM 165240102 775 32,922 SH   SOLE   32,922 0 0
CHEVRON CORPORATION COM 166764100 7,290 60,000 SH   SOLE   60,000 0 0
CHICOPEE BANCORP COM 168565109 618 35,066 SH   SOLE   35,066 0 0
CIENA CORP COM 171779309 623 24,918 SH   SOLE   24,918 0 0
CISCO SYSTEMS INC COM 17275R102 206 8,771 SH   SOLE   8,771 0 0
CITIGROUP INC COM 172967424 1,118 23,041 SH   SOLE   23,041 0 0
CITY NATIONAL CORP CA COM 178566105 936 14,036 SH   SOLE   14,036 0 0
COBIZ FINANCIAL INC COM 190897108 746 77,186 SH   SOLE   77,186 0 0
COGNIZANT TECHNOLOGY SOLU COM 192446102 298 3,629 SH   SOLE   3,629 0 0
COMMUNITY NATIONAL BANK COM 20375W104 243 18,104 SH   SOLE   18,104 0 0
COMPUWARE CORP COM 205638109 1,226 109,550 SH   SOLE   109,550 0 0
COMSTOCK RES INC COM 205768203 981 61,638 SH   SOLE   61,638 0 0
CONCHO RESOURCES INC COM 20605P101 6,373 58,567 SH   SOLE   58,567 0 0
COPART INC COM 217204106 211 6,641 SH   SOLE   6,641 0 0
CORPORATE OFFICE PROPERTI COM 22002T108 2,293 99,280 SH   SOLE   99,280 0 0
CUBESMART COM 229663109 1,177 65,956 SH   SOLE   65,956 0 0
CYS INVESTMENTS INC RE COM 12673A108 407 50,000 SH   SOLE   50,000 0 0
DCT INDL TR INC COM 233153105 1,396 194,111 SH   SOLE   194,111 0 0
DDR CORP COM 23317H102 1,683 107,159 SH   SOLE   107,159 0 0
DENBURY RESOURCES HOLDING COM 247916208 3,682 200,000 SH   SOLE   200,000 0 0
DIAMOND OFFSHORE DRILLING COM 25271C102 3,432 55,067 SH   SOLE   55,067 0 0
DIME COMMUNITY BANCSHARES COM 253922108 335 20,096 SH   SOLE   20,096 0 0
DUKE REALTY CORP COM 264411505 739 47,852 SH   SOLE   47,852 0 0
EAGLE BANCORP INC COM 268948106 537 18,967 SH   SOLE   18,967 0 0
EASTERN VIRGINIA BANCSHAR COM 277196101 289 47,442 SH   SOLE   47,442 0 0
EATON CORPORATION COM G29183103 216 3,135 SH   SOLE   3,135 0 0
ELLINGTON FINANCIAL LLC COM 288522303 674 30,000 SH   SOLE   30,000 0 0
EMC CORP MASS COM 268648102 1,357 53,087 SH   SOLE   53,087 0 0
EMULEX CORP COM 292475209 112 14,440 SH   SOLE   14,440 0 0
ENERGY TRANSFER PARTNERS COM 29273R109 2,354 45,206 SH   SOLE   45,206 0 0
ENERGY XXI BERMUDA LTD COM G10082140 1,487 49,224 SH   SOLE   49,224 0 0
ENSCO PLC COM G3157S106 968 18,000 SH   SOLE   18,000 0 0
ENTERTAINMENT PROPERTIES COM 26884U109 1,518 31,139 SH   SOLE   31,139 0 0
ESSA BANCORP COM 29667D104 216 20,752 SH   SOLE   20,752 0 0
ESSEX PPTY TR INC COM 297178105 987 6,684 SH   SOLE   6,684 0 0
EV ENERGY PARTNERS L P COM 26926V107 1,205 32,484 SH   SOLE   32,484 0 0
EVANS BANCORP INC COM 29911Q208 309 15,810 SH   SOLE   15,810 0 0
EXTRA SPACE STORAGE INC COM 30225T102 1,407 30,761 SH   SOLE   30,761 0 0
F5 NETWORKS INC COM 315616102 1,727 20,130 SH   SOLE   20,130 0 0
FABRINET ORDER MINES LTD COM G3323L100 427 25,362 SH   SOLE   25,362 0 0
FIDELITY SOUTHERN CORP COM 316394105 632 41,178 SH   SOLE   41,178 0 0
FINANCIAL SELECT SECTOR S COM 81369Y605 1,991 100,000 SH   SOLE   100,000 0 0
FINISAR CORP COM 31787A507 1,003 44,324 SH   SOLE   44,324 0 0
FIRST DEFIANCE FINANCIAL COM 32006W106 294 12,551 SH   SOLE   12,551 0 0
FIRST NBC BANK HOLDING COM 32115D106 520 21,345 SH   SOLE   21,345 0 0
FIRST NIAGARA FINL GROUP COM 33582V108 467 45,000 SH   SOLE   45,000 0 0
FIRST PACTRUST BANCORP IN COM 05990K106 773 55,901 SH   SOLE   55,901 0 0
FIRST SEC GROUP INC COM 336312202 297 143,000 SH   SOLE   143,000 0 0
FLOTEK INDS INC DEL COM 343389102 2,300 100,000 SH   SOLE   100,000 0 0
FLUSHING FINANCIAL CORP COM 343873105 539 29,235 SH   SOLE   29,235 0 0
FORMFACTOR INC COM 346375108 144 21,000 SH   SOLE   21,000 0 0
FORTINET INC COM 34959E109 527 26,024 SH   SOLE   26,024 0 0
FOX CHASE BANCORP INC COM 35137T108 734 42,175 SH   SOLE   42,175 0 0
FRST CNT BNCP COM 319850103 229 15,599 SH   SOLE   15,599 0 0
GENERAL GROWTH PROPERTIES COM 370023103 1,853 96,082 SH   SOLE   96,082 0 0
GREENBRIER COS INC COM 393657101 1,022 41,332 SH   SOLE   41,332 0 0
GUARANTY BANCORP DEL COM 40075T607 274 19,984 SH   SOLE   19,984 0 0
HAMILTON BANCORP COM 407015106 719 48,449 SH   SOLE   48,449 0 0
HAMPDEN BANCORP INC COM 40867E107 539 33,660 SH   SOLE   33,660 0 0
HCP INC REIT COM 40414L109 2,418 59,058 SH   SOLE   59,058 0 0
HERITAGE COMM CORP COM 426927109 479 62,604 SH   SOLE   62,604 0 0
HERITAGE FINANCIAL GROUP COM 42726X102 836 47,999 SH   SOLE   47,999 0 0
HERITAGE FINANCIAL CORPOR COM 42722X106 386 24,859 SH   SOLE   24,859 0 0
HERITAGE OAKS BANCORP COM 42724R107 239 37,300 SH   SOLE   37,300 0 0
HOME BANCORP INC COM 43689E107 255 14,135 SH   SOLE   14,135 0 0
HOME PROPERTIES INC COM 437306103 1,342 23,234 SH   SOLE   23,234 0 0
HYATT HOTELS CORP COM 448579102 301 7,000 SH   SOLE   7,000 0 0
INFINERA CORP COM 45667G103 162 14,341 SH   SOLE   14,341 0 0
INTERSIL CORP COM 46069S109 141 12,537 SH   SOLE   12,537 0 0
ISHARES DJ US OIL EQUIP & COM 464288844 1,568 25,029 SH   SOLE   25,029 0 0
ISHARES DJ US REAL ESTATE COM 464287739 1,276 20,000 SH   SOLE   20,000 0 0
ISHARES U.S. HOME CONST COM 464288752 554 24,794 SH   SOLE   24,794 0 0
IXIA COM 45071R109 191 12,186 SH   SOLE   12,186 0 0
JABIL CIRCUIT INC COM 466313103 363 16,745 SH   SOLE   16,745 0 0
JDS UNIPHASE CORP COM 46612J507 1,074 72,994 SH   SOLE   72,994 0 0
JUNIPER NETWORKS INC COM 48203R104 619 31,173 SH   SOLE   31,173 0 0
KCAP FINANCIAL INC COM 48668E101 297 33,185 SH   SOLE   33,185 0 0
KEARNY FINL CORP COM 487169104 248 24,220 SH   SOLE   24,220 0 0
KILROY REALTY CORPORATION COM 49427F108 1,500 30,039 SH   SOLE   30,039 0 0
KINDER MORGAN HOLDCO LLC COM 49456B101 2,668 75,000 SH   SOLE   75,000 0 0
KINDER MORGAN MANAGEMENT COM 49455U100 6,327 84,400 SH   SOLE   84,400 0 0
LAKELAND BANCORP INC COM 511637100 646 57,427 SH   SOLE   57,427 0 0
LAM RESH CORP COM 512807108 768 15,000 SH   SOLE   15,000 0 0
LEXINGTON REALTY TRUST COM 529043101 449 40,000 SH   SOLE   40,000 0 0
LIMELIGHT NETWORKS INC COM 53261M104 63 32,543 SH   SOLE   32,543 0 0
LSI CORPORATION COM 502161102 132 16,889 SH   SOLE   16,889 0 0
MARATHON OIL CORP COM 565849106 9,111 261,211 SH   SOLE   261,211 0 0
MARATHON PETROLEUM CORP COM 56585A102 6,432 100,000 SH   SOLE   100,000 0 0
MB FINANCIAL INC COM 55264U108 706 25,029 SH   SOLE   25,029 0 0
MBT FINANCIAL CORP COM 578877102 247 64,456 SH   SOLE   64,456 0 0
MEADOWBROOK INSURANCE GRO COM 58319P108 195 30,000 SH   SOLE   30,000 0 0
MEDLEY CAPITAL COM 58503F106 689 49,954 SH   SOLE   49,954 0 0
METRO BANCORP INC PA COM 59161R101 590 28,090 SH   SOLE   28,090 0 0
METROCORP BANCSHARES INC COM 591650106 742 53,982 SH   SOLE   53,982 0 0
MICROSOFT CORP COM 594918104 847 25,450 SH   SOLE   25,450 0 0
MOSAIC CMPANY COM 61945C103 10,933 254,137 SH   SOLE   254,137 0 0
MUTUALFIRST FINANCIAL INC COM 62845B104 427 27,849 SH   SOLE   27,849 0 0
NATIONAL RETAIL PPTY INC COM 637417106 955 30,000 SH   SOLE   30,000 0 0
NEOPHOTONICS CORP COM 64051T100 132 17,855 SH   SOLE   17,855 0 0
NETAPP INC C COM 64110D104 244 5,733 SH   SOLE   5,733 0 0
NEWBRIDGE BANCRP COM 65080T102 442 60,573 SH   SOLE   60,573 0 0
NOBLE CORPORATION COM H5833N103 4,155 110,000 SH   SOLE   110,000 0 0
NOBLE ENERGY INC COM 655044105 2,292 34,199 SH   SOLE   34,199 0 0
NORFOLK SOUTHN CORP COM 655844108 209 2,703 SH   SOLE   2,703 0 0
NORTH VY BANCORP COM 66304M204 919 48,625 SH   SOLE   48,625 0 0
NORTHSTAR RLTY FIN C COM 66704R100 464 50,000 SH   SOLE   50,000 0 0
OBA FINANCIAL SERVICES IN COM 67424G101 265 13,944 SH   SOLE   13,944 0 0
OCCIDENTAL PETE CORP COM 674599105 7,873 84,168 SH   SOLE   84,168 0 0
OCEAN SHORE HOLDING CO COM 67501R103 741 50,592 SH   SOLE   50,592 0 0
OFS CAPITAL CORP COM 67103B100 370 29,243 SH   SOLE   29,243 0 0
OMEGA HEALTHCARE INVESTOR COM 681936100 1,366 45,729 SH   SOLE   45,729 0 0
OMNIAMERICAN BANCORP INC COM 68216R107 775 31,687 SH   SOLE   31,687 0 0
PACIFIC MERCANTILE BANCOR COM 694552100 346 55,741 SH   SOLE   55,741 0 0
PDC ENERGY INC COM 69327R101 1,191 20,009 SH   SOLE   20,009 0 0
PENNANTPARK FLOATING CAPI COM 70806A106 457 33,186 SH   SOLE   33,186 0 0
PENNYMAC MORTGAGE INVESTM COM 70931T103 681 30,035 SH   SOLE   30,035 0 0
PEOPLE FED BANC COM 711037101 557 31,948 SH   SOLE   31,948 0 0
PEOPLES FINL CORP MISS COM 71103B102 233 20,000 SH   SOLE   20,000 0 0
POST PROPERTIES INC COM 737464107 1,271 28,243 SH   SOLE   28,243 0 0
PREFERRED BK LOS ANGELES COM 740367404 649 36,489 SH   SOLE   36,489 0 0
PROVIDENT NEW YORK BANCOR COM 744028101 406 37,325 SH   SOLE   37,325 0 0
PULASKI FINL CORP COM 745548107 124 12,000 SH   SOLE   12,000 0 0
QEP RESOURCES COM 74733V100 4,181 150,982 SH   SOLE   150,982 0 0
QUALCOMM INC COM 747525103 337 5,000 SH   SOLE   5,000 0 0
QUANTA SVCS INC COM 74762E102 229 8,311 SH   SOLE   8,311 0 0
RADIAN GROUP INC COM 750236101 911 65,369 SH   SOLE   65,369 0 0
RAIT FINL TR COM 749227609 577 81,532 SH   SOLE   81,532 0 0
REGENCY CENTERS CORP COM 758849103 1,590 32,877 SH   SOLE   32,877 0 0
REGIONS FINANCIAL CORP COM 7591EP100 871 94,028 SH   SOLE   94,028 0 0
RENASANT CORP COM 75970E107 679 24,974 SH   SOLE   24,974 0 0
RESOLUTE ENERGY CORP COM 76116A108 3,384 404,830 SH   SOLE   404,830 0 0
RF MICRO DEVICES INC COM 749941100 145 25,695 SH   SOLE   25,695 0 0
RIVERBED TECH INC COM 768573107 238 16,323 SH   SOLE   16,323 0 0
RLJ LODGING TRUST COM 74965L101 2,277 96,918 SH   SOLE   96,918 0 0
S & T BANCORP INC COM 783859101 499 20,608 SH   SOLE   20,608 0 0
SANCHEZ ENERGY CORP COM 79970Y105 528 19,978 SH   SOLE   19,978 0 0
SBA COMMUNICATIONS CORP COM 78388J106 249 3,100 SH   SOLE   3,100 0 0
SENIOR HOUSING PROPERTIES COM 81721M109 1,944 83,296 SH   SOLE   83,296 0 0
SI FINL GROUP INC COM 78425V104 324 28,574 SH   SOLE   28,574 0 0
SIERRA BANCORP COM 82620P102 186 11,808 SH   SOLE   11,808 0 0
SIMON PROPERTY GROUP INC COM 828806109 1,460 9,848 SH   SOLE   9,848 0 0
SIMPLICITY BANCORP INC COM 828867101 342 21,992 SH   SOLE   21,992 0 0
SL GREEN REALTY CORPORATI COM 78440X101 550 6,192 SH   SOLE   6,192 0 0
SLM CORP COM 78442P106 497 19,978 SH   SOLE   19,978 0 0
SOUTHWEST BANCORP INC OKL COM 844767103 468 31,633 SH   SOLE   31,633 0 0
SP BANCORP INC COM 78468K106 392 19,836 SH   SOLE   19,836 0 0
SPIRIT REALTY CAPITAL INC COM 84860W102 919 100,114 SH   SOLE   100,114 0 0
STAG INDUSTRIAL INC COM 85254J102 1,110 55,170 SH   SOLE   55,170 0 0
STANDARD FINANCIAL CORP COM 853393106 370 20,285 SH   SOLE   20,285 0 0
STARWOOD HOTELS & RESOR COM 85590A401 1,861 28,005 SH   SOLE   28,005 0 0
STARWOOD PROPERTY TRUST I COM 85571B105 1,776 74,076 SH   SOLE   74,076 0 0
STATE BK & TR CO PINEHURS COM 856190103 358 22,531 SH   SOLE   22,531 0 0
STATE STR CORP COM 857477103 1,151 17,505 SH   SOLE   17,505 0 0
STATOIL ASA COM 85771P102 1,701 75,000 SH   SOLE   75,000 0 0
STEWART INFORMATION SVCS COM 860372101 901 28,156 SH   SOLE   28,156 0 0
SUFFOLK BANCORP COM 864739107 846 47,735 SH   SOLE   47,735 0 0
SUMMIT HOTEL PPTYS INC COM 866082100 1,312 142,788 SH   SOLE   142,788 0 0
SUNCOR ENERGY INC COM 867224107 1,539 43,000 SH   SOLE   43,000 0 0
SUNSTONE HOTEL INVES COM 867892101 1,851 145,286 SH   SOLE   145,286 0 0
SUNTRUST BKS INC COM 867914103 1,216 37,500 SH   SOLE   37,500 0 0
SVB FINANCIAL GROUP COM 78486Q101 1,000 11,582 SH   SOLE   11,582 0 0
SWIFT ENERGY CO COM 870738101 5,892 515,957 SH   SOLE   515,957 0 0
SYNOVUS FINL CORP COM 87161C105 235 71,295 SH   SOLE   71,295 0 0
TCP CAPITAL CORP COM 87238Q103 739 45,508 SH   SOLE   45,508 0 0
TELLABS INC COM 879664100 42 18,530 SH   SOLE   18,530 0 0
TERADYNE INC COM 880770102 249 15,053 SH   SOLE   15,053 0 0
TERRENO REALTY CORP COM 88146M101 666 37,516 SH   SOLE   37,516 0 0
TESORO CORP COM 881609101 2,639 60,000 SH   SOLE   60,000 0 0
THE HOWARD HUGHS COM 44267D107 2,660 23,669 SH   SOLE   23,669 0 0
TIBCO SOFTWARE INC COM 88632Q103 424 16,577 SH   SOLE   16,577 0 0
TIDEWATER INC COM 886423102 1,993 33,582 SH   SOLE   33,582 0 0
T-MOBILE US INC COM 872590104 753 29,014 SH   SOLE   29,014 0 0
TRANSOCEAN LTD COM H8817H100 2,853 64,119 SH   SOLE   64,119 0 0
TRIUMPH GROUP INC NEW COM 896818101 245 3,496 SH   SOLE   3,496 0 0
UMB FINANCIAL CORP COM 902788108 1,224 22,526 SH   SOLE   22,526 0 0
UNION BANKSHARES CORP COM 90662P104 489 20,917 SH   SOLE   20,917 0 0
UNIT CORP COM 909218109 9,542 205,245 SH   SOLE   205,245 0 0
UNITED CMNTY BK BLAIRSVIL COM 90984P303 255 17,028 SH   SOLE   17,028 0 0
UNITED CMNTY FINL CORP OH COM 909839102 241 61,836 SH   SOLE   61,836 0 0
VALERO ENERGY CORP COM 91913Y100 3,419 100,114 SH   SOLE   100,114 0 0
VENTAS INC COM 92276F100 554 9,000 SH   SOLE   9,000 0 0
VMWARE INC COM 928563402 1,428 17,651 SH   SOLE   17,651 0 0
VOLKSWAGEN AG WOLFSBURG COM 928662303 207 4,550 SH   SOLE   4,550 0 0
VORNADO REALTY TRUST COM 929042109 1,093 13,000 SH   SOLE   13,000 0 0
WASHINGTON BANKING CO COM 937303105 537 38,192 SH   SOLE   38,192 0 0
WEBSTER FINL CORP WATERBU COM 947890109 862 33,781 SH   SOLE   33,781 0 0
WEINGARTEN REALTY INVESTO COM 948741103 1,945 66,322 SH   SOLE   66,322 0 0
WESTERN ALLIANCE BANCORP COM 957638109 1,019 53,804 SH   SOLE   53,804 0 0
WESTLAKE CHEM COM 960413102 2,618 25,017 SH   SOLE   25,017 0 0
WILLIAMS COMPANIES INC COM 969457100 727 20,000 SH   SOLE   20,000 0 0
WYNDHAM WORLDWIDE CORP COM 98310W108 1,951 32,000 SH   SOLE   32,000 0 0
XILINX INC COM 983919101 509 10,857 SH   SOLE   10,857 0 0
XYRATEX COM G98268108 183 16,476 SH   SOLE   16,476 0 0
YADKIN VALLEY FINANCIAL C COM 984305102 696 40,415 SH   SOLE   40,415 0 0
ZIONS BANCORPORATION COM 989701107 1,149 41,900 SH   SOLE   41,900 0 0