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
3M CO COM 88579y101 9,782 72,107 SH   SOLE 32,405 0 39,702
ABB LTD SPONSORED ADR 000375204 4,924 190,911 SH   SOLE 81,670 0 109,241
ACCENTURE PLC IRELAND SHS CLASS A g1151c101 7,774 97,522 SH   SOLE 42,205 0 55,317
AGILENT TECHNOLOGIES INC COM 00846u101 9,786 175,000 SH   DFND 1 175,000 0 0
AGILENT TECHNOLOGIES INC COM 00846u101 9,655 172,663 SH   SOLE 73,865 0 98,798
AMERICAN AIRLS GROUP INC COM 02376r102 3,660 100,000 SH   DFND 1 100,000 0 0
AMERICAN AIRLS GROUP INC COM 02376r102 6,035 164,900 SH   SOLE 70,460 0 94,440
APACHE CORP COM 037411105 3,465 41,776 SH   SOLE 18,070 0 23,706
ASHLAND INC NEW COM 044209104 9,451 95,000 SH   DFND 1 95,000 0 0
ASHLAND INC NEW COM 044209104 7,375 74,140 SH   SOLE 31,595 0 42,545
AUTOMATIC DATA PROCESSING IN COM 053015103 6,665 86,265 SH   SOLE 36,655 0 49,610
BAKER HUGHES INC COM 057224107 3,391 52,153 SH   SOLE 22,355 0 29,798
BANK OF AMERICA CORPORATION COM 060505104 2,735 159,007 SH   SOLE 50,037 0 108,970
BB&T CORP COM 054937107 6,642 165,345 SH   SOLE 70,525 0 94,820
BB&T CORP COM 054937107 4,017 100,000 SH   DFND 1 100,000 0 0
BED BATH & BEYOND INC COM 075896100 8,471 123,125 SH   SOLE 52,375 0 70,750
BED BATH & BEYOND INC COM 075896100 8,256 120,000 SH   DFND 1 120,000 0 0
CAMERON INTERNATIONAL CORP COM 13342b105 10,810 175,000 SH   DFND 1 175,000 0 0
CAMERON INTERNATIONAL CORP COM 13342b105 14,539 235,370 SH   SOLE 100,347 0 135,023
COACH INC COM 189754104 5,959 120,000 SH   DFND 1 120,000 0 0
COACH INC COM 189754104 5,010 100,880 SH   SOLE 42,965 0 57,915
CORNING INC COM 219350105 6,727 323,080 SH   SOLE 138,120 0 184,960
CORNING INC COM 219350105 4,164 200,000 SH   DFND 1 200,000 0 0
CUMMINS INC COM 231021106 5,215 35,000 SH   DFND 1 35,000 0 0
DISNEY WALT CO COM DISNEY 254687106 7,886 98,491 SH   SOLE 42,500 0 55,991
DU PONT E I DE NEMOURS & CO COM 263534109 6,710 100,000 SH   DFND 1 100,000 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 8,890 132,485 SH   SOLE 56,645 0 75,840
EATON CORP PLC SHS G29183103 8,127 108,187 SH   SOLE 46,455 0 61,732
EXPRESS SCRIPTS HLDG CO COM 30219g108 7,509 100,000 SH   DFND 1 100,000 0 0
EXPRESS SCRIPTS HLDG CO COM 30219g108 7,457 99,310 SH   SOLE 42,470 0 56,840
GOLDMAN SACHS GROUP INC COM 38141g104 9,532 58,178 SH   SOLE 21,880 0 36,298
GOLDMAN SACHS GROUP INC COM 38141g104 8,192 50,000 SH   DFND 1 50,000 0 0
HERTZ GLOBAL HOLDINGS INC COM 42805t105 5,328 200,000 SH   DFND 1 200,000 0 0
HERTZ GLOBAL HOLDINGS INC COM 42805t105 8,560 321,320 SH   SOLE 136,920 0 184,400
INGERSOLL-RAND PLC SHS g47791101 4,293 75,000 SH   DFND 1 75,000 0 0
INGERSOLL-RAND PLC SHS g47791101 3,878 67,742 SH   SOLE 28,860 0 38,882
INTL PAPER CO COM 460146103 5,942 129,522 SH   SOLE 55,330 0 74,192
JACOBS ENGR GROUP INC DEL COM 469814107 6,907 108,765 SH   SOLE 46,100 0 62,665
JOY GLOBAL INC COM 481165108 4,640 80,000 SH   DFND 1 80,000 0 0
LOCKHEED MARTIN CORP COM 539830109 7,016 42,978 SH   SOLE 18,145 0 24,833
MACYS INC COM 55616p104 8,361 141,022 SH   SOLE 62,470 0 78,552
MANITOWOC INC COM 563571108 3,145 100,000 SH   DFND 1 100,000 0 0
METLIFE INC COM 59156r108 10,560 200,000 SH   DFND 1 200,000 0 0
METLIFE INC COM 59156r108 7,990 151,330 SH   SOLE 64,375 0 86,955
MICROSOFT CORP COM 594918104 6,442 157,171 SH   SOLE 67,050 0 90,121
MONSANTO CO NEW COM 61166w101 6,005 52,786 SH   SOLE 22,500 0 30,286
NIKE INC CL B 654106103 7,394 100,111 SH   SOLE 42,915 0 57,196
PEPSICO INC COM 713448108 5,581 66,835 SH   SOLE 28,615 0 38,220
POTASH CORP SASK INC COM 73755l107 5,795 160,000 SH   DFND 1 160,000 0 0
POTASH CORP SASK INC COM 73755l107 6,313 174,295 SH   SOLE 74,045 0 100,250
SCHLUMBERGER LTD COM 806857108 9,613 98,594 SH   SOLE 42,155 0 56,439
THE ADT CORPORATION COM 00101j106 2,555 85,310 SH   SOLE 36,350 0 48,960
TIMKEN CO COM 887389104 5,683 96,675 SH   SOLE 41,225 0 55,450
TIMKEN CO COM 887389104 5,290 90,000 SH   DFND 1 90,000 0 0
U S G CORP COM NEW 903293405 7,853 240,000 SH   DFND 1 240,000 0 0
U S G CORP COM NEW 903293405 4,843 147,999 SH   SOLE 62,855 0 85,144
UNION PAC CORP COM 907818108 9,147 48,741 SH   SOLE 20,870 0 27,871
UNITED PARCEL SERVICE INC CL B 911312106 6,948 71,350 SH   SOLE 30,350 0 41,000
UNITED TECHNOLOGIES CORP COM 913017109 10,122 86,633 SH   SOLE 37,050 0 49,583
WABCO HLDGS INC COM 92927k102 10,887 103,136 SH   SOLE 43,823 0 59,313
WELLS FARGO & CO NEW COM 949746101 7,221 145,180 SH   SOLE 78,005 0 67,175
XEROX CORP COM 984121103 5,994 530,468 SH   SOLE 223,980 0 306,488