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 10,297 71,887 SH   SOLE 32,285 0 39,602
ACCENTURE PLC IRELAND SHS CLASS A g1151c101 7,853 97,142 SH   SOLE 41,970 0 55,172
AGILENT TECHNOLOGIES INC COM 00846u101 9,879 171,988 SH   SOLE 73,425 0 98,563
AGILENT TECHNOLOGIES INC COM 00846u101 10,052 175,000 SH   DFND 1 175,000 0 0
AMERICAN AIRLS GROUP INC COM 02376r102 5,370 125,000 SH   DFND 1 125,000 0 0
AMERICAN AIRLS GROUP INC COM 02376r102 7,054 164,210 SH   SOLE 70,005 0 94,205
APACHE CORP COM 037411105 4,141 41,156 SH   SOLE 17,970 0 23,186
ASHLAND INC NEW COM 044209104 10,330 95,000 SH   DFND 1 95,000 0 0
ASHLAND INC NEW COM 044209104 8,024 73,795 SH   SOLE 31,360 0 42,435
AUTOMATIC DATA PROCESSING IN COM 053015103 6,810 85,900 SH   SOLE 36,410 0 49,490
BAKER HUGHES INC COM 057224107 3,870 51,978 SH   SOLE 22,245 0 29,733
BANK OF AMERICA CORPORATION COM 060505104 2,390 155,476 SH   SOLE 49,532 0 105,944
BB&T CORP COM 054937107 3,943 100,000 SH   DFND 1 100,000 0 0
BB&T CORP COM 054937107 6,490 164,600 SH   SOLE 70,015 0 94,585
BED BATH & BEYOND INC COM 075896100 6,886 120,000 SH   DFND 1 120,000 0 0
BED BATH & BEYOND INC COM 075896100 7,034 122,580 SH   SOLE 52,005 0 70,575
CAMERON INTERNATIONAL CORP COM 13342b105 15,875 234,450 SH   SOLE 99,757 0 134,693
CAMERON INTERNATIONAL CORP COM 13342b105 11,849 175,000 SH   DFND 1 175,000 0 0
COACH INC COM 189754104 3,374 98,675 SH   SOLE 42,695 0 55,980
CORNING INC COM 219350105 7,064 321,830 SH   SOLE 137,330 0 184,500
CORNING INC COM 219350105 4,390 200,000 SH   DFND 1 200,000 0 0
CUMMINS INC COM 231021106 5,400 35,000 SH   DFND 1 35,000 0 0
DELPHI AUTOMOTIVE PLC SHS g27823106 2,750 40,000 SH   DFND 1 40,000 0 0
DELPHI AUTOMOTIVE PLC SHS g27823106 6,180 89,900 SH   SOLE 38,530 0 51,370
DISNEY WALT CO COM DISNEY 254687106 8,418 98,176 SH   SOLE 42,325 0 55,851
DSW INC CL A 23334L102 2,794 100,000 SH   DFND 1 100,000 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 8,636 131,970 SH   SOLE 56,320 0 75,650
DU PONT E I DE NEMOURS & CO COM 263534109 6,544 100,000 SH   DFND 1 100,000 0 0
EATON CORP PLC SHS G29183103 8,315 107,737 SH   SOLE 46,160 0 61,577
EXPRESS SCRIPTS HLDG CO COM 30219g108 6,857 98,905 SH   SOLE 42,200 0 56,705
EXPRESS SCRIPTS HLDG CO COM 30219g108 6,933 100,000 SH   DFND 1 100,000 0 0
GOLDMAN SACHS GROUP INC COM 38141g104 8,372 50,000 SH   DFND 1 50,000 0 0
GOLDMAN SACHS GROUP INC COM 38141g104 9,566 57,133 SH   SOLE 21,645 0 35,488
HERTZ GLOBAL HOLDINGS INC COM 42805t105 8,972 320,070 SH   SOLE 136,120 0 183,950
HERTZ GLOBAL HOLDINGS INC COM 42805t105 5,606 200,000 SH   DFND 1 200,000 0 0
INGERSOLL-RAND PLC SHS g47791101 4,214 67,407 SH   SOLE 28,620 0 38,787
INGERSOLL-RAND PLC SHS g47791101 4,688 75,000 SH   DFND 1 75,000 0 0
INTL PAPER CO COM 460146103 6,511 129,007 SH   SOLE 55,000 0 74,007
JACOBS ENGR GROUP INC DEL COM 469814107 5,771 108,320 SH   SOLE 45,800 0 62,520
JACOBS ENGR GROUP INC DEL COM 469814107 5,328 100,000 SH   DFND 1 100,000 0 0
LIBERTY GLOBAL PLC SHS CL C g5480u120 6,124 144,740 SH   SOLE 61,785 0 82,955
LOCKHEED MARTIN CORP COM 539830109 6,877 42,783 SH   SOLE 18,015 0 24,768
MACYS INC COM 55616p104 8,150 140,477 SH   SOLE 62,125 0 78,352
MANITOWOC INC COM 563571108 3,286 100,000 SH   DFND 1 100,000 0 0
METLIFE INC COM 59156r108 8,376 150,755 SH   SOLE 64,010 0 86,745
METLIFE INC COM 59156r108 11,112 200,000 SH   DFND 1 200,000 0 0
MICROSOFT CORP COM 594918104 6,531 156,611 SH   SOLE 66,710 0 89,901
MONSANTO CO NEW COM 61166w101 6,559 52,581 SH   SOLE 22,365 0 30,216
NIKE INC CL B 654106103 7,736 99,761 SH   SOLE 42,705 0 57,056
PEPSICO INC COM 713448108 5,938 66,460 SH   SOLE 28,340 0 38,120
POTASH CORP SASK INC COM 73755l107 6,588 173,545 SH   SOLE 73,540 0 100,005
POTASH CORP SASK INC COM 73755l107 6,074 160,000 SH   DFND 1 160,000 0 0
SCHLUMBERGER LTD COM 806857108 11,581 98,184 SH   SOLE 41,880 0 56,304
THE ADT CORPORATION COM 00101j106 2,972 85,065 SH   SOLE 36,225 0 48,840
TIMKEN CO COM 887389104 6,106 90,000 SH   DFND 1 90,000 0 0
TIMKEN CO COM 887389104 6,527 96,215 SH   SOLE 40,895 0 55,320
U S G CORP COM NEW 903293405 4,442 147,429 SH   SOLE 62,495 0 84,934
U S G CORP COM NEW 903293405 7,231 240,000 SH   DFND 1 240,000 0 0
UNION PAC CORP COM 907818108 9,681 97,057 SH   SOLE 41,460 0 55,597
UNITED PARCEL SERVICE INC CL B 911312106 7,305 71,155 SH   SOLE 30,250 0 40,905
UNITED TECHNOLOGIES CORP COM 913017109 9,958 86,258 SH   SOLE 36,795 0 49,463
WABCO HLDGS INC COM 92927k102 9,380 87,811 SH   SOLE 37,178 0 50,633
WELLS FARGO & CO NEW COM 949746101 7,602 144,630 SH   SOLE 77,455 0 67,175