Holding Performance

1%-0% 2%-1% 3%-2% 4%-3% 5%-4% 6%-5%

Top 25 Holdings	Portfolio Weight %	Shares Owned	Shares Change	Sector	Mkt Cap (Mil)	Total Ret YTD (Daily)
Wells Fargo Company	2.68	11,748,500	-300,000		331.07	6.67
ACE, Ltd.	2.59	5,964,600	170,000		318.87	-1.67
Pfizer Inc.	2.36	17,566,100	241,600		290.72	5.77
J.P. Morgan Chase & Co.	2.27	6,380,650	140,000		279.60	-2.57
Goldman Sachs Group, Inc.	2.11	1,414,100	150,000		260.69	-7.05
Cisco Systems, Inc.	2.06	10,814,500	125,000		254.57	-3.84
Arrow Electronics, Inc.	1.84	8,058,550	50,000		226.85	-8.24
Bank of America Corporation	1.83	13,359,700	850,000		226.05	3.59
Delta Air Lines, Inc.	1.59	21,941,300	0		196.59	13.36
MERCK & CO INC	1.50	5,833,700	128,500		184.52	--
Apache Corporation	1.47	1,978,843	36,843		181.72	1.56
Home Depot, Inc.	1.41	6,509,400	0		173.41	0.35
Virgin Media, Inc.	1.40	12,387,800	0		172.44	-10.40
Microsoft Corporation	1.39	6,603,000	0		170.95	-6.63
Newfield Exploration Company	1.36	3,937,200	0		167.57	10.45
CMT Market Liquidity Rate	1.25	154,119,296	-130,650,362	--	154.12	--
AT&T, Inc.	1.22	5,588,417	0		150.94	-6.85
Comcast Corporation	1.20	9,215,800	0		148.19	-2.28
US Bancorp	1.13	6,363,300	700,000		139.10	10.48
Japan Tobacco Inc.	1.12	40,514	-396		138.51	--
Ameriprise Financial, Inc.	1.12	3,811,400	0		138.47	2.99
Baker Hughes Inc.	1.12	3,227,100	355,000		137.67	17.12
Buckeye GP Holdings L.P.	1.08	89,488,365	89,488,365		133.53	1.54
Noble Energy, Inc.	1.07	1,999,800	0		131.91	8.33
Hewlett-Packard Company	1.07	2,789,600	165,000		131.70	-5.67