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 10,899 66,329 SH   SOLE 30,785 0 35,544
ACCENTURE PLC IRELAND SHS CLASS A g1151c101 7,985 89,407 SH   SOLE 39,875 0 49,532
AGILENT TECHNOLOGIES INC COM 00846u101 7,164 175,000 SH   DFND 1 175,000 0 0
AGILENT TECHNOLOGIES INC COM 00846u101 6,461 157,808 SH   SOLE 69,675 0 88,133
AMERICAN AIRLS GROUP INC COM 02376r102 6,704 125,000 SH   DFND 1 125,000 0 0
AMERICAN AIRLS GROUP INC COM 02376r102 8,087 150,800 SH   SOLE 66,405 0 84,395
APACHE CORP COM 037411105 2,240 35,740 SH   SOLE 17,170 0 18,570
ASHLAND INC NEW COM 044209104 11,377 95,000 SH   DFND 1 95,000 0 0
ASHLAND INC NEW COM 044209104 8,120 67,805 SH   SOLE 29,800 0 38,005
AUTOMATIC DATA PROCESSING IN COM 053015103 6,565 78,750 SH   SOLE 34,485 0 44,265
BAKER HUGHES INC COM 057224107 2,626 46,828 SH   SOLE 21,195 0 25,633
BANK AMER CORP COM 060505104 2,513 140,479 SH   SOLE 46,057 0 94,422
BB&T CORP COM 054937107 3,889 100,000 SH   DFND 1 100,000 0 0
BB&T CORP COM 054937107 5,884 151,290 SH   SOLE 66,525 0 84,765
BED BATH & BEYOND INC COM 075896100 6,112 80,245 SH   SOLE 35,165 0 45,080
CAMERON INTERNATIONAL CORP COM 13342b105 10,462 209,445 SH   SOLE 94,702 0 114,743
CAMERON INTERNATIONAL CORP COM 13342b105 8,741 175,000 SH   DFND 1 175,000 0 0
CBS CORP NEW CL B 124857202 5,534 100,000 SH   DFND 1 100,000 0 0
CBS CORP NEW CL B 124857202 6,336 114,495 SH   SOLE 50,080 0 64,415
CORNING INC COM 219350105 4,586 200,000 SH   DFND 1 200,000 0 0
CORNING INC COM 219350105 6,775 295,480 SH   SOLE 130,280 0 165,200
CUMMINS INC COM 231021106 5,046 35,000 SH   DFND 1 35,000 0 0
DELPHI AUTOMOTIVE PLC SHS g27823106 7,272 100,000 SH   DFND 1 100,000 0 0
DELPHI AUTOMOTIVE PLC SHS g27823106 6,006 82,595 SH   SOLE 36,415 0 46,180
DISNEY WALT CO COM DISNEY 254687106 8,430 89,496 SH   SOLE 40,225 0 49,271
DSW INC CL A 23334L102 3,730 100,000 SH   DFND 1 100,000 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 7,394 100,000 SH   DFND 1 100,000 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 8,974 121,375 SH   SOLE 53,515 0 67,860
EATON CORP PLC SHS G29183103 6,718 98,858 SH   SOLE 43,800 0 55,058
EXPRESS SCRIPTS HLDG CO COM 30219g108 8,467 100,000 SH   DFND 1 100,000 0 0
EXPRESS SCRIPTS HLDG CO COM 30219g108 7,703 90,980 SH   SOLE 40,070 0 50,910
F M C CORP COM NEW 302491303 6,890 120,805 SH   SOLE 56,830 0 63,975
FLUOR CORP NEW COM 343412102 3,031 50,000 SH   DFND 1 50,000 0 0
GOLDMAN SACHS GROUP INC COM 38141g104 9,691 50,000 SH   DFND 1 50,000 0 0
GOLDMAN SACHS GROUP INC COM 38141g104 10,186 52,553 SH   SOLE 20,245 0 32,308
HERTZ GLOBAL HOLDINGS INC COM 42805t105 4,988 200,000 SH   DFND 1 200,000 0 0
HERTZ GLOBAL HOLDINGS INC COM 42805t105 7,188 288,225 SH   SOLE 129,060 0 159,165
INGERSOLL-RAND PLC SHS g47791101 3,922 61,877 SH   SOLE 27,250 0 34,627
INTL PAPER CO COM 460146103 6,358 118,662 SH   SOLE 52,320 0 66,342
JACOBS ENGR GROUP INC DEL COM 469814107 4,435 99,235 SH   SOLE 43,450 0 55,785
KEYSIGHT TECHNOLOGIES INC COM 49338l103 5,065 150,000 SH   DFND 1 150,000 0 0
KEYSIGHT TECHNOLOGIES INC COM 49338l103 6,310 186,852 SH   SOLE 82,192 0 104,660
LIBERTY GLOBAL PLC SHS CL C g5480u120 6,422 132,940 SH   SOLE 58,470 0 74,470
LOCKHEED MARTIN CORP COM 539830109 7,550 39,205 SH   SOLE 17,105 0 22,100
MACYS INC COM 55616p104 8,446 128,457 SH   SOLE 59,060 0 69,397
MANITOWOC INC COM 563571108 2,210 100,000 SH   DFND 1 100,000 0 0
METLIFE INC COM 59156r108 7,481 138,313 SH   SOLE 60,720 0 77,593
METLIFE INC COM 59156r108 10,818 200,000 SH   DFND 1 200,000 0 0
MICROSOFT CORP COM 594918104 6,676 143,731 SH   SOLE 63,360 0 80,371
MONSANTO CO NEW COM 61166w101 5,779 48,371 SH   SOLE 21,195 0 27,176
NIKE INC CL B 654106103 8,792 91,441 SH   SOLE 40,605 0 50,836
PEPSICO INC COM 713448108 5,773 61,055 SH   SOLE 26,880 0 34,175
SCHLUMBERGER LTD COM 806857108 7,704 90,204 SH   SOLE 39,780 0 50,424
SPDR S&P 500 ETF TR TR UNIT 78462F103 1,073 5,220 SH   SOLE 0 0 5,220
TIMKEN CO COM 887389104 3,772 88,385 SH   SOLE 38,790 0 49,595
U S G CORP COM NEW 903293405 3,779 135,024 SH   SOLE 59,270 0 75,754
U S G CORP COM NEW 903293405 6,718 240,000 SH   DFND 1 240,000 0 0
UNION PAC CORP COM 907818108 10,607 89,037 SH   SOLE 39,480 0 49,557
UNITED PARCEL SERVICE INC CL B 911312106 7,259 65,300 SH   SOLE 28,725 0 36,575
UNITED TECHNOLOGIES CORP COM 913017109 9,096 79,099 SH   SOLE 34,850 0 44,249
WABCO HLDGS INC COM 92927k102 8,450 80,646 SH   SOLE 35,438 0 45,208
WELLS FARGO & CO NEW COM 949746101 7,709 140,630 SH   SOLE 73,680 0 66,950