GlobalBridge

GlobalBridge as of Sept. 30, 2012

Portfolio Holdings for GlobalBridge

GlobalBridge holds 0 positions in its portfolio as reported in the September 2012 quarterly 13F filing

                Quarter ended 9/30/2012
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                                                                                         Market                        Voting
  Ticker     Cusip                           Security                          Shares    Value    Class   Discretion Authority
--------------------------------------------------------------------------------------------------------------------------------
{S}       {C}         {C}                                                      {C}          {C}   {C}        {C}       {C}
ISRG      46120E602   INTUITIVE SURGICAL, INC.                                       892     442  Common     Sole            892
CF        125269100   CF INDS HLDGS INC                                              915     203  Common     Sole            915
NEU       651587107   NEWMARKET CORP                                                1367     337  Common     Sole           1367
AMZN      023135106   AMAZON.COM INC.                                               1391     354  Common     Sole           1391
BIIB      09062X103   BIOGEN IDEC INC                                               1485     222  Common     Sole           1485
BIDU      056752108   BAIDU, INC. - ADS                                             1746     204  Common     Sole           1746
ALXN      015351109   ALEXION PHARMA                                                1759     201  Common     Sole           1759
CEO       126132109   CNOOC LTD                                                     1798     365  Common     Sole           1798
MBB       464288588   ISHARES LEHMAN MBS BOND                                       1980     216  Common     Sole           1980
AMG       008252108   AFFILIATED MANAGERS G                                         2200     271  Common     Sole           2200
CRM       79466L302   SALESFORCE.COM INC                                            2205     337  Common     Sole           2205
WPI       942683103   WATSON PHARMACEUTICAL                                         2421     206  Common     Sole           2421
MMM       88579Y101   3M COMPANY                                                    2543     235  Common     Sole           2543
CMI       231021106   CUMMINS INC                                                   2558     236  Common     Sole           2558
CPA       P31076105   COPA HOLDINGS S.A.                                            2719     221  Common     Sole           2719
PRAA      73640Q105   PORTFOLIO REC ASSN INC.                                       2738     286  Common     Sole           2738
LMT       539830109   LOCKHEED MARTIN CORP.                                         2765     258  Common     Sole           2765
GOOG      38259P508   GOOGLE INC CL A                                               2769    2089  Common     Sole           2769
CIU       464288638   ISHARES BARCLAYS INT                                          2842     317  Common     Sole           2842
PSMT      741511109   PRICESMART INC.                                               2921     221  Common     Sole           2921
BHP       088606108   BHP BILLITON LIMITED                                          3009     206  Common     Sole           3009
MA        57636Q104   MASTERCARD INC                                                3034    1370  Common     Sole           3034
APA       037411105   APACHE CORPORATION                                            3056     264  Common     Sole           3056
MON       61166W101   MONSANTO CO                                                   3065     279  Common     Sole           3065
CLB       N22717107   CORE LABORATORIES                                             3405     414  Common     Sole           3405
SWK       854502101   STANLEY BLACK & DECKER, INC.                                  3461     264  Common     Sole           3461
DEO       25243Q205   DIAGEO PLC ADS                                                3496     394  Common     Sole           3496
DVA       23918K108   DAVITA INC                                                    3521     365  Common     Sole           3521
FOSL      349882100   FOSSIL INC.                                                   3685     312  Common     Sole           3685
ANSS      03662Q105   ANSYS INCORPORATED                                       3707.0002     272  Common     Sole      3707.0002
UNH       91324P102   UNITEDHEALTH GROUP IN                                         3748     208  Common     Sole           3748
AMT       03027X100   AMERICAN TOWER CORP.                                          3815     272  Common     Sole           3815
SQM       833635105   SOCIEDAD DE CHILE SC                                          3864     238  Common     Sole           3864
SI        826197501   SIEMENS AG ADS                                                4058     406  Common     Sole           4058
LNN       535555106   LINDSAY CORP.                                                 4284     308  Common     Sole           4284
PM        718172109   PHILIP MORRIS INTL                                            4307     387  Common     Sole           4307
IDXX      45168D104   IDEXX LABORATORIES INC.                                       4395     437  Common     Sole           4395
NTRS      665859104   NORTHERN TRUST CORP.                                          4413     205  Common     Sole           4413
VAL       920355104   VALSPAR CORPORATION                                           4433     249  Common     Sole           4433
COLM      198516106   COLUMBIA SPORTSWEAR C                                         4469     241  Common     Sole           4469
NVO       670100205   NOVO-NORDISK A/S                                              4480     707  Common     Sole           4480
CSTR      19259P300   COINSTAR INC.                                                 4494     202  Common     Sole           4494
TD        891160509   TORONTO DOMINION BANK                                         4586     382  Common     Sole           4586
RTN       755111507   RAYTHEON COMPANY                                              4615     264  Common     Sole           4615
JOSB      480838101   JOS. A. BANK CLOTHIER                                         4652     226  Common     Sole           4652
SNDK      80004C101   SANDISK CORPORATION                                           4676     203  Common     Sole           4676
NAVG      638904102   NAVIGATORS GROUP, INC.                                        4712     232  Common     Sole           4712
FMS       358029106   FRESENIUS MED CAR AG                                          4761     349  Common     Sole           4761
WYNN      983134107   WYNN RESORTS, LIMITED                                         4829     557  Common     Sole           4829
SAP       803054204   SAP AKTIENGE                                                  4981     355  Common     Sole           4981

                                                               Page 1<br /><br />Quarter ended 9/30/2012
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                                                                                         Market                        Voting
  Ticker     Cusip                           Security                          Shares    Value    Class   Discretion Authority
--------------------------------------------------------------------------------------------------------------------------------
{S}       {C}         {C}                                                      {C}          {C}   {C}        {C}       {C}
CTXS      177376100   CITRIX SYSTEMS INC.                                           4998     382  Common     Sole           4998
PX        74005P104   PRAXAIR INC.                                                  5118     532  Common     Sole           5118
TLK       715684106   PT TELEKOMUNIKASI INDON                                       5159     201  Common     Sole           5159
HTHIY     433578507   HITACHI LTD ADR                                               5179     289  Common     Sole           5179
ENH       G30397106   ENDURANCE SPLTY HLD                                           5272     203  Common     Sole           5272
CTAS      172908105   CINTAS CORPORATION                                            5345     221  Common     Sole           5345
WFM       966837106   WHOLE FOODS MARKET I                                          5409     527  Common     Sole           5409
CAB       126804301   CABELAS INC                                                   5472     299  Common     Sole           5472
MSI       620076307   MOTOROLA SOLUTIONS INC                                        5492     278  Common     Sole           5492
MJN       582839106   MEAD JOHNSON NUTRITI                                          5509     404  Common     Sole           5509
CINF      172062101   CINCINNATI FINANCIAL                                          5529     209  Common     Sole           5529
OXY       674599105   OCCIDENTAL PETROLEUM                                          5538     477  Common     Sole           5538
AAPL      037833100   APPLE INC                                                     5569    3715  Common     Sole           5569
BTI       110448107   BRITISH AMER TOBACCO PLC                                      5569     572  Common     Sole           5569
CVD       222816100   COVANCE INC.                                                  5577     260  Common     Sole           5577
CNI       136375102   CANADIAN NATIONAL RAILWAY COMPANY                             5609     495  Common     Sole           5609
COV       G2554F113   COVIDIEN LIMITED COM                                          5616     334  Common     Sole           5616
TGT       87612E106   TARGET CORPORATION                                            5630     357  Common     Sole           5630
APH       032095101   AMPHENOL CORP                                                 5636     332  Common     Sole           5636
ACN       G1151C101   ACCENTURE LTD                                                 5698     399  Common     Sole           5698
ACE       H0023R105   ACE LIMITED                                                   5702     431  Common     Sole           5702
DIS       254687106   WALT DISNEY COMPANY                                           5719     299  Common     Sole           5719
AGN       018490102   ALLERGAN INC.                                                 5743     526  Common     Sole           5743
NSRGY     641069406   NESTLE S.A. ADR SPON                                          5848     369  Common     Sole           5848
THO       885160101   THOR INDUSTRIES INC                                           5902     214  Common     Sole           5902
PXD       723787107   PIONEER NATURAL RESOU                                         5926     619  Common     Sole           5926
UNFI      911163103   UNITED NATURAL FOODS INC                                      6017     352  Common     Sole           6017
SHOO      556269108   STEVEN MADDEN LTD                                             6079     266  Common     Sole           6079
MCK       58155Q103   MCKESSON CORP                                                 6081     523  Common     Sole           6081
COST      22160K105   COSTCO WHOLESALE CORP.                                        6096     611  Common     Sole           6096
SIAL      826552101   SIGMA-ALDRICH                                                 6263     451  Common     Sole           6263
SYT       87160A100   SYNGENTA AG ADS                                               6280     470  Common     Sole           6280
TMO       883556102   THERMO FISHER SCIENTIFIC                                      6349     374  Common     Sole           6349
ITRI      465741106   ITRON INC.                                                    6389     276  Common     Sole           6389
EL        518439104   ESTEE LAUDER CL A                                             6467     398  Common     Sole           6467
CRL       159864107   CHARLES RIVER LABORAT                                         6543     259  Common     Sole           6543
PVH       693656100   PHILLIPS VAN HEUSEN                                           6578     616  Common     Sole           6578
COF       14040H105   CAPITAL ONE FINANCIAL                                         6646     379  Common     Sole           6646
CTSH      192446102   COGNIZANT TECHNOLOGY SOLUTIONS CORP.                          6799     475  Common     Sole           6799
ODFL      679580100   OLD DOMINION FREIGHT LINE INC.                              6894.5     208  Common     Sole         6894.5
AFL       001055102   AFLAC INC.                                                    6949     333  Common     Sole           6949
CCE       19122T109   COCA-COLA ENTERPRISES                                         7016     219  Common     Sole           7016
CBS       124857202   CBS CORP. (New) CLASS B                                       7084     257  Common     Sole           7084
AMGN      031162100   AMGEN INC                                                     7110     599  Common     Sole           7110
D         25746U109   DOMINION RESOURCES                                            7188     381  Common     Sole           7188
NVS       66987V109   NOVARTIS AG                                                   7241     444  Common     Sole           7241
BA        097023105   BOEING COMPANY                                                7247     504  Common     Sole           7247
MO        02209S103   ALTRIA GROUP INC                                              7313     244  Common     Sole           7313
WDC       958102105   WESTERN DIGITAL CORP.                                         7512     291  Common     Sole           7512
FLR       343412102   FLUOR CORP INC                                                7578     426  Common     Sole           7578
DBSDY     23304Y100   DBS GROUP HLDGS LTD SPONSORED ADR                             7636     358  Common     Sole           7636
AGCO      001084102   AGCO CORPORATION                                              7637     363  Common     Sole           7637

                                                               Page 2<br /><br />Quarter ended 9/30/2012
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                                                                                         Market                        Voting
  Ticker     Cusip                           Security                          Shares    Value    Class   Discretion Authority
--------------------------------------------------------------------------------------------------------------------------------
{S}       {C}         {C}                                                      {C}          {C}   {C}        {C}       {C}
SDRL      G7945E105   SEADRILL LIMITED                                              7708     302  Common     Sole           7708
POT       73755L107   POTASH CP SASKATCHEW                                          7711     335  Common     Sole           7711
RMD       761152107   RESMED INC.                                                   7734     313  Common     Sole           7734
BIG       089302103   BIG LOTS INC                                                  7751     229  Common     Sole           7751
ROP       776696106   ROPER INDUSTRIES INC                                          7827     860  Common     Sole           7827
AKAM      00971T101   AKAMAI TECH INC.                                              7896     302  Common     Sole           7896
ABV       20441W203   COMPANIA DE BEBIDAS                                           7950     304  Common     Sole           7950
YUM       988498101   YUM! BRANDS INC                                               8084     536  Common     Sole           8084
NGG       636274300   NATIONAL GRID PLC                                             8148     451  Common     Sole           8148
SBUX      855244109   STARBUCKS CORPORATION                                         8264     419  Common     Sole           8264
IBM       459200101   IBM CORP                                                      8309    1724  Common     Sole           8309
WAB       929740108   WABTEC                                                        8312     667  Common     Sole           8312
C         172967424   CITIGROUP INC                                                 8317     272  Common     Sole           8317
WHR       963320106   WHIRLPOOL CORPORATION                                         8343     692  Common     Sole           8343
A         00846U101   AGILENT TECH INC.                                             8372     322  Common     Sole           8372
BRLI      09057G602   BIO-REFERENCE LABOROTORIES, INC.                              8516     243  Common     Sole           8516
TTC       891092108   TORO COMPANY                                                  8598     342  Common     Sole           8598
GILD      375558103   GILEAD SCIENCES INC.                                          8639     573  Common     Sole           8639
FWRD      349853101   FORWARD AIR CORP                                              8677     264  Common     Sole           8677
SRCL      858912108   STERICYCLE INC.                                               8767     793  Common     Sole           8767
ENDP      29264F205   ENDO PHARMACEUTICALS HOLDINGS INC                             8782     279  Common     Sole           8782
CL        194162103   COLGATE-PALMOLIVE CO                                          8915     956  Common     Sole           8915
EBAY      278642103   EBAY INC                                                      9027     437  Common     Sole           9027
UNP       907818108   UNION PACIFIC CORP.                                           9052    1074  Common     Sole           9052
ALB       012653101   ALBEMARLE CORPORATION                                         9139     481  Common     Sole           9139
NATI      636518102   NATIONAL INSTRUMENTS                                          9273     233  Common     Sole           9273
UL        904767704   UNILEVER PLC ADR                                              9303     340  Common     Sole           9303
VIAB      92553P201   VIACOM INC CL B - NEW                                         9437     506  Common     Sole           9437
BAX       071813109   BAXTER INTERNATIONAL                                          9529     574  Common     Sole           9529
PLL       696429307   PALL CP                                                       9550     606  Common     Sole           9550
TIF       886547108   TIFFANY & COMPANY                                             9568     592  Common     Sole           9568
UOVEY     911271302   UNITED OVERSEAS BANK                                          9581     307  Common     Sole           9581
DE        244199105   DEERE & COMPANY                                               9728     802  Common     Sole           9728
CNQ       136385101   CANADIAN NAT RES                                              9746     300  Common     Sole           9746
FITB      316773100   FIFTH THIRD BANCORP                                          10057     156  Common     Sole          10057
VCLK      92046N102   VALUECLICK INC                                               10095     173  Common     Sole          10095
GCI       364730101   GANNETT CO. INC.                                             10394     184  Common     Sole          10394
FTI       30249U101   FMC TECHNOLOGIES INC                                         10411     482  Common     Sole          10411
BHE       08160H101   BENCHMARK ELECTRS INC COM                                    10451     160  Common     Sole          10451
CRP.TO    156770109   CERES GLOBAL AG CORP                                         10460      64  Common     Sole          10460
ESCA      296056104   ESCALADE INC                                                 10484      56  Common     Sole          10484
PFOAX     693391245   PIMCO FOREIGN BOND (USD-HEDGED)                          10528.095     119  Common     Sole      10528.095
SMTC      816850101   SEMTECH CORPORATION                                          10535     265  Common     Sole          10535
KMR       49455U100   KINDER MORGAN                                             10617.08     811  Common     Sole       10617.08
NWSA      65248E104   NEWS CORP CLASS A                                            10619     260  Common     Sole          10619
SKH       83066R107   SKILLED HEALTHCARE INC                                       10706      69  Common     Sole          10706
HAL       406216101   HALLIBURTON CO                                               10709     361  Common     Sole          10709
CVE       15135U109   CENOVUS ENERGY INC                                           10787     376  Common     Sole          10787
NUE       670346105   NUCOR CORPORATION                                            10932     418  Common     Sole          10932
NSANY     654744408   NISSAN MOTOR CO.                                             10948     187  Common     Sole          10948
PG        742718109   PROCTER & GAMBLE CO.                                         10975     761  Common     Sole          10975
ECL       278865100   ECOLAB INC                                                   11037     715  Common     Sole          11037

                                                               Page 3<br /><br />Quarter ended 9/30/2012
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                                                                                         Market                        Voting
  Ticker     Cusip                           Security                          Shares    Value    Class   Discretion Authority
--------------------------------------------------------------------------------------------------------------------------------
{S}       {C}         {C}                                                      {C}          {C}   {C}        {C}       {C}
HRB       093671105   H^R BLOCK INC.                                               11290     196  Common     Sole          11290
NXPI      N6596X109   NXP SEMICONDUCTORS N.V.                                      11314     283  Common     Sole          11314
TWX       887317303   TIME WARNER                                                  11330     514  Common     Sole          11330
BRBMF     08947P103   BIG ROCK BREWERY INCOME TR                                   11334     156  Common     Sole          11334
COH       189754104   COACH INC                                                    11353     636  Common     Sole          11353
CME       12572Q105   CHICAGO MERCANTILE EXCHANGE                                  11375     652  Common     Sole          11375
IAU       464285105   ISHR COMEX GOLD TR                                           11401     197  Common     Sole          11401
CELG      151020104   CELGENE CORP.                                                11597     886  Common     Sole          11597
MCRL      594793101   MICREL INC.                                                  11597     121  Common     Sole          11597
RCI       775109200   ROGERS COMMUNICATIONS CL B                                   11625     470  Common     Sole          11625
PBH       74112D101   PRESTIGE BRANDS HLDGS INC.                                   11692     198  Common     Sole          11692
ZQK       74838C106   QUIKSILVER CORP                                              11696      39  Common     Sole          11696
BDX       075887109   BECTON DICKINSON                                             11724     921  Common     Sole          11724
SHWGY     81941W101   SHANGDONG WEIGAO GRP M                                       11725      61  Common     Sole          11725
TRI       884903105   THOMSON REUTERS CORP                                         11775     340  Common     Sole          11775
DHR       235851102   DANAHER CORP DE                                              11853     654  Common     Sole          11853
STKL      8676EP108   SUNOPTA INC.                                                 11967      76  Common     Sole          11967
LLNW      53261M104   LIMELIGHT NETWORKS, INC.                                     11984      28  Common     Sole          11984
NTAP      64110D104   NETAPP INC COMMON STOCK                                      12013     395  Common     Sole          12013
ANZBY     052528304   AUSTRALIAN BKG GRP ADR                                       12024     309  Common     Sole          12024
IPG       460690100   INTERPUBLIC GROUP                                            12028     134  Common     Sole          12028
NVAX      670002104   NOVAVAX INC.                                                 12079      26  Common     Sole          12079
SPN       868157108   SUPERIOR ENERGY SERVICES                                     12134     249  Common     Sole          12134
SONS      835916107   SONUS NETWORKS INC                                           12231      23  Common     Sole          12231
LVMUY     502441306   LVMH MOET HENNESSY LOUIS VUITTON                             12294     370  Common     Sole          12294
UTX       913017109   UNITED TECHNOLOGIES                                          12297     963  Common     Sole          12297
ATW       050095108   ATWOOD OCEANICS INC.                                         12313     560  Common     Sole          12313
BLC       080555105   BELO CORP                                                    12340      97  Common     Sole          12340
G         G3922B107   GENPACT                                                      12372     206  Common     Sole          12372
SPLS      855030102   STAPLES INC                                                  12373     143  Common     Sole          12373
IEX       45167R104   IDEX CORPORATION                                             12374     517  Common     Sole          12374
RS        759509102   RELIANCE STEEL & ALUM                                        12431     651  Common     Sole          12431
DTV       25490A309   DIRECTV COM CL A                                             12682     665  Common     Sole          12682
MBI       55262C100   MBIA INCORPORATED                                            12804     130  Common     Sole          12804
SFL       G81075106   SHIP FINC INTL                                               12842     202  Common     Sole          12842
XOM       30231G102   EXXON MOBIL CORPORATI                                        12958    1185  Common     Sole          12958
HUWHY     448415208   HUTCHISON WHAMPOA LIMITED                                    13015     252  Common     Sole          13015
TRN       896522109   TRINITY INDUSTRIES I                                         13055     391  Common     Sole          13055
TUP       899896104   TUPPERWARE CORPORATIO                                        13135     704  Common     Sole          13135
MHP       580645109   MCGRAW-HILL COMPANIES                                        13153     718  Common     Sole          13153
GTLS      16115Q308   CHART INDUSTRIES, INC.                                       13205     975  Common     Sole          13205
DFS       254709108   DISCOVER FINL SVCS                                           13239     526  Common     Sole          13239
GRMN      H2906T109   GARMIN LTD                                                   13288     555  Common     Sole          13288
TYC       H89128104   TYCO INTERNATIONAL LTD (NEW)                                 13300     748  Common     Sole          13300
WMT       931142103   WAL-MART STORES INC.                                         13316     983  Common     Sole          13316
RES       749660106   RPC INC.                                                     13577     161  Common     Sole          13577
AXP       025816109   AMERICAN EXPRESS COMP                                        13769     783  Common     Sole          13769
SCI       817565104   SERVICE CP INTL                                              13841     186  Common     Sole          13841
GPC       372460105   GENUINE PARTS COMPANY                                        13909     849  Common     Sole          13909
CBI       167250109   CHICAGO BRIDGE & IRON                                        14074     536  Common     Sole          14074
ADP       053015103   AUTOMATIC DATA PROCES                                        14102     827  Common     Sole          14102
JEC       469814107   JACOBS ENGINEERING GR                                        14284     578  Common     Sole          14284

                                                               Page 4<br /><br />Quarter ended 9/30/2012
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                                                                                         Market                        Voting
  Ticker     Cusip                           Security                          Shares    Value    Class   Discretion Authority
--------------------------------------------------------------------------------------------------------------------------------
{S}       {C}         {C}                                                      {C}          {C}   {C}        {C}       {C}
XIDE      302051206   EXIDE TECHNOLOGIES                                           14296      44  Common     Sole          14296
CAT       149123101   CATERPILLAR INC                                              14368    1236  Common     Sole          14368
CSX       126408103   CSX CORPORATION                                              14504     301  Common     Sole          14504
MGA       559222401   MAGNA INTL CL A                                              14968     648  Common     Sole          14968
MMSI      589889104   MERIT MEDICAL SYSTEMS                                        15036     224  Common     Sole          15036
VRX       91911K102   VALEANT PHARMACEUTICALS INTL (NEW)                           15067     833  Common     Sole          15067
EEFT      298736109   EURONET WORLDWIDE INC                                        15070     283  Common     Sole          15070
PTEN      703481101   PATTERSON-UTI ENERGY INC                                     15342     243  Common     Sole          15342
CYTK      23282W100   CYTOKINETICS, INCORPORATED                                   15409      13  Common     Sole          15409
PLD       74340W103   PROLOGIS                                                     15509     543  Common     Sole          15509
MRO       565849106   MARATHON OIL CORP                                            15563     460  Common     Sole          15563
SLB       806857108   SCHLUMBERGER LTD.                                            15591    1128  Common     Sole          15591
DAR       237266101   DARLING INTERNATIONAL INC                                    15651     286  Common     Sole          15651
BRGYY     055434203   BG GROUP PLC ADR                                             15774     318  Common     Sole          15774
MRK       58933Y105   MERCK & CO. INC.                                             15907     717  Common     Sole          15907
BGC       369300108   GEN CABLE CP                                                 16038     471  Common     Sole          16038
FII       314211103   FEDERATED INVESTORS INC.                                     16194     335  Common     Sole          16194
CRI       146229109   CARTERS INC                                                  16390     882  Common     Sole          16390
NYT       650111107   NEW YORK TIMES CL A                                          16678     163  Common     Sole          16678
TJX       872540109   TJX COMPANIES INC.                                           16730     749  Common     Sole          16730
MTB       55261F104   M^T BANK CORP.                                               16770    1596  Common     Sole          16770
CCL       143658300   CARNIVAL CORP                                                16866     614  Common     Sole          16866
VOD       92857W209   VODAFONE GROUP PLC ADR NEW                                   16880     481  Common     Sole          16880
CCC       129603106   CALGON CARBON CORP                                           17261     247  Common     Sole          17261
FCX       35671D857   FREEPORT MC CL B                                             17314     685  Common     Sole          17314
HOG       412822108   HARLEY DAVIDSON (NEW)                                        17747     752  Common     Sole          17747
WM        94106L109   WASTE MATERIALS                                              17753     570  Common     Sole          17753
CB        171232101   CHUBB CORP                                                   17830    1360  Common     Sole          17830
EV        278265103   EATON VANCE CORP.                                            17831     516  Common     Sole          17831
PRE       G6852T105   PARTNERRE LTD.                                               18080    1343  Common     Sole          18080
ROST      778296103   ROSS STORES INC.                                             18099    1169  Common     Sole          18099
CFR       229899109   CULLEN/FROST BANKERS                                         18157    1043  Common     Sole          18157
HMA       421933102   HEALTH MANAGEMENT ASSOCIATION                                18191     153  Common     Sole          18191
TFX       879369106   TELEFLEX INC.                                                18225    1255  Common     Sole          18225
BZC       106764103   BREEZE EASTERN                                               18227     135  Common     Sole          18227
CFN       14170T101   CAREFUSION CORP                                              18430     523  Common     Sole          18430
TTMI      87305R109   TTM TECHNOLOGIES                                             18484     174  Common     Sole          18484
PKG       695156109   PACKAGE CP AMER                                              18489     671  Common     Sole          18489
ESV       G3157S106   ENSCO INTERNATIONAL                                          18635    1017  Common     Sole          18635
MCD       580135101   MCDONALDS CORPORATIO                                         18719    1717  Common     Sole          18719
THC       88033G100   TENET HEALTHCARE CORP WI                                     18898     118  Common     Sole          18898
JNJ       478160104   JOHNSON & JOHNSON                                            18934    1305  Common     Sole          18934
HBHC      410120109   HANCOCK HOLDING COMPANY                                      18941     587  Common     Sole          18941
TEVA      881624209   TEVA PHARMACEUTICAL I                                        19263     798  Common     Sole          19263
UPS       911312106   UNITED PARCEL SRVC B                                         19278    1380  Common     Sole          19278
KEY       493267108   KEYCORP                                                      19384     169  Common     Sole          19384
HL        422704106   HECLA MINING COMPANY                                         19498     128  Common     Sole          19498
DOW       260543103   DOW CHEMICAL COMPANY                                         19687     570  Common     Sole          19687
MTU       606822104   MITSUBISHI UFJ FINANCIAL GROUP INC                           19736      92  Common     Sole          19736
PAYX      704326107   PAYCHEX INC.                                                 19823     660  Common     Sole          19823
PEP       713448108   PEPSICO INC.                                                 19942    1411  Common     Sole          19942
KMB       494368103   KIMBERLY-CLARK CORP.                                         19977    1714  Common     Sole          19977

                                                               Page 5<br /><br />Quarter ended 9/30/2012
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                                                                                         Market                        Voting
  Ticker     Cusip                           Security                          Shares    Value    Class   Discretion Authority
--------------------------------------------------------------------------------------------------------------------------------
{S}       {C}         {C}                                                      {C}          {C}   {C}        {C}       {C}
CIT       125581801   CIT GROUP INC.                                               20510     808  Common     Sole          20510
SE        847560109   SPECTRA ENERGY                                               20856     612  Common     Sole          20856
ECA       292505104   ENCANA CORP                                                  21602     474  Common     Sole          21602
MCY       589400100   MERCURY GENERAL CORP.                                        22175     857  Common     Sole          22175
WDR       930059100   WADDELL & REED FIN INC                                       22753     746  Common     Sole          22753
QCOM      747525103   QUALCOMM INC.                                                22999    1437  Common     Sole          22999
VIBSX     921937843   VANGUARD INTERMEDIATE TERM BOND FUND                     23012.544     281  Common     Sole      23012.544
ETN       278058102   EATON CORPORATION                                            23025    1088  Common     Sole          23025
AGNC      02503X105   AMERICAN CAPITAL AGENCY                                      23428     811  Common     Sole          23428
SEIC      784117103   SEI INVESTMENTS COMPA                                        23648     507  Common     Sole          23648
CAH       14149Y108   CARDINAL HEALTH INC.                                         23912     932  Common     Sole          23912
MXIM      57772K101   MAXIM INTEGRATED PROD                                        24552     654  Common     Sole          24552
VBSSX     921937850   VANGUARD SHORT TERM BOND INDEX                           24738.204     264  Common     Sole      24738.204
CVS       126650100   CVS CAREMARK CORP.                                           24890    1205  Common     Sole          24890
CVX       166764100   CHEVRONTEXACO CORP                                           25181    2935  Common     Sole          25181
NSR       64126X201   NEUSTAR INC                                                  25260    1011  Common     Sole          25260
ESRX      30219G108   EXPRESS SCRIPTS INC                                          25335    1587  Common     Sole          25335
EMR       291011104   EMERSON ELECTRIC CO.                                         25345    1223  Common     Sole          25345
LUV       844741108   SOUTHWEST AIRLINES CO                                        25726     226  Common     Sole          25726
HLIT      413160102   HARMONIC INC                                                 26771     122  Common     Sole          26771
WFC       949746101   WELLS FARGO & CO                                             27131     937  Common     Sole          27131
IVZ       G491BT108   INVESCO ADR                                                  27383     684  Common     Sole          27383
T         00206R102   AT^T CORPORATION                                             27492    1036  Common     Sole          27492
HCC       404132102   HCC INSURANCE HOLDING                                        29242     991  Common     Sole          29242
HXL       428291108   HEXCEL CORPORATION                                           29580     711  Common     Sole          29580
CMCSA     20030N101   COMCAST CORP. CL.A                                           29647    1060  Common     Sole          29647
EMC       268648102   EMC CORPORATION                                              29750     811  Common     Sole          29750
BSX       101137107   BOSTON SCIENTIFIC COR                                        30105     173  Common     Sole          30105
ADI       032654105   ANALOG DEVICES INC.                                          30355    1189  Common     Sole          30355
DNR       247916208   DENBURY RESOURCES INC                                        30773     497  Common     Sole          30773
HPQ       428236103   HEWLETT-PACKARD COMPA                                        30909     527  Common     Sole          30909
KEG       492914106   KEY ENERGY SERVICES INC                                      31699     222  Common     Sole          31699
DRRX      266605104   DURECT CORP                                                  32121      46  Common     Sole          32121
SCHW      808513105   CHARLES SCHWAB CORP NEW                                      32721     418  Common     Sole          32721
WFT       H27013103   WEATHERFORD INTL INC BER                                     33436     424  Common     Sole          33436
FNF       31620R105   FIDELITY NATL FINANCIAL                                      34044     728  Common     Sole          34044
VZ        92343V104   VERIZON COMMUNICATION                                        35089    1599  Common     Sole          35089
TEL       H84989104   TYCO ELECTRONICS                                             35521    1208  Common     Sole          35521
CVA       22282E102   COVANTA HOLDING CORPORATION                                  35523     610  Common     Sole          35523
HD        437076102   HOME DEPOT INC.                                              36364    2195  Common     Sole          36364
COP       20825C104   CONOCOPHILLIPS                                               36741    2101  Common     Sole          36741
CSCO      17275R102   CISCO SYSTEMS INC.                                           38866     742  Common     Sole          38866
USB       902973304   U.S. BANCORP                                                 41827    1435  Common     Sole          41827
GLW       219350105   CORNING INCORPORATED                                         42113     554  Common     Sole          42113
HST       44107P104   HOST HOTELS & RESORTS                                        42236     678  Common     Sole          42236
DD        263534109   E.I. DUPONT DE NEMOUR                                        44019    2213  Common     Sole          44019
BBT       054937107   BB^T CORP.                                                   44071    1461  Common     Sole          44071
HUN       447011107   HUNTSMAN CORPORATION                                         44363     662  Common     Sole          44363
ABT       002824100   ABBOTT LABS COM                                              46009    3154  Common     Sole          46009
TAT       G89982105   TRANSATLANTIC PETROLEUM LTD                                  47140      49  Common     Sole          47140
WU        959802109   WESTERN UNION CO                                             47312     862  Common     Sole          47312
JPM       46625H100   J P MORGAN CHASE                                             48093    1947  Common     Sole          48093

                                                               Page 6<br /><br />Quarter ended 9/30/2012
--------------------------------------------------------------------------------------------------------------------------------
                                                                                         Market                        Voting
  Ticker     Cusip                           Security                          Shares    Value    Class   Discretion Authority
--------------------------------------------------------------------------------------------------------------------------------
{S}       {C}         {C}                                                      {C}          {C}   {C}        {C}       {C}
MAS       574599106   MASCO CORPORATION                                            48729     733  Common     Sole          48729
BPO       112900105   BROOKFIELD PROPERTIES                                        51299     850  Common     Sole          51299
INTC      458140100   INTEL CORPORATION                                            51993    1178  Common     Sole          51993
KR        501044101   KROGER COMPANY                                               61696    1452  Common     Sole          61696
KO        191216100   COCA-COLA COMPANY                                            65581    2487  Common     Sole          65581
WY        962166104   WEYERHAEUSER CO                                              65889    1722  Common     Sole          65889
PFE       717081103   PFIZER INC.                                                  66895    1662  Common     Sole          66895
MSFT      594918104   MICROSOFT CORPORATION                                       103932    3093  Common     Sole         103932
GE        369604103   GENERAL ELECTRIC CO                                         118426    2689  Common     Sole         118426
                                                                                          187282

                                                               Page 7