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| Name | Ticker | Class | Shares | Change | Value | Change | Date |
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ATLAS AMERICA INC
| ATLS | COM | 6,939,591 | 1,246,491 | 187,855,000 | 10,686,000 | 06/30/2010 |
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SLM CORP
| SLM | Common | 17,550,700 | 1,264,300 | 182,352,000 | -21,554,000 | 06/30/2010 |
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LINN ENERGY, LLC
| LINE | UNIT LTD LIAB | 4,917,601 | 1,101,400 | 130,562,000 | 32,409,000 | 06/30/2010 |
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KKR Financial Corp
| KFN | Common | 14,315,567 | 830,000 | 106,794,000 | -3,923,000 | 06/30/2010 |
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WELLPOINT INC
| WLP | Common | 1,501,507 | -322,000 | 73,469,000 | -43,928,000 | 06/30/2010 |
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BURLINGTON RESOURCES INC
| BR | Common | 3,838,000 | 113,100 | 73,114,000 | -6,524,000 | 06/30/2010 |
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TEVA PHARMACEUTICAL INDUSTRIES LTD
| TEVA | ADR | 1,372,464 | -244,400 | 71,354,000 | -30,638,000 | 06/30/2010 |
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XL CAPITAL LTD
| XL | CL A | 4,381,337 | 53,700 | 70,145,000 | -11,647,000 | 06/30/2010 |
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SPDR GOLD TRUST
| GLD | GOLD SHS | 542,000 | 381,000 | 65,951,000 | 50,036,000 | 06/30/2010 |
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MGIC INVESTMENT CORP
| MTG | Common | 9,256,200 | 3,115,900 | 63,775,000 | -3,584,000 | 06/30/2010 |
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E TRADE FINANCIAL CORP
| ETFC | COM | 5,281,310 | 5,281,310 | 62,425,000 | 62,425,000 | 06/30/2010 |
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WILLIAMS COMPANIES INC
| WMB | Common | 3,389,208 | 0 | 61,955,000 | -16,336,000 | 06/30/2010 |
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YAHOO INC
| YHOO | Common | 4,461,100 | 2,892,400 | 61,742,000 | 35,811,000 | 06/30/2010 |
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FORD MOTOR CO
| F | Common | 6,052,700 | 17,500 | 61,011,000 | -14,851,000 | 06/30/2010 |
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SPDR SERIES TRUST
| JNK | Common | 1,541,200 | 375,700 | 58,304,000 | 11,929,000 | 06/30/2010 |
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PACTIV CORP
| PTV | Common | 1,870,700 | 26,700 | 52,099,000 | 5,667,000 | 06/30/2010 |
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ATLAS PIPELINE PARTNERS LP
| APL | LP | 5,215,618 | 1,071,300 | 50,383,000 | -7,306,000 | 06/30/2010 |
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CONTINENTAL AIRLINES INC /DE/
| CAL | CL B | 2,279,000 | -378,000 | 50,138,000 | -8,236,000 | 06/30/2010 |
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LINCOLN NATIONAL CORP
| LNC | Common | 2,013,500 | -820,400 | 48,908,000 | -38,093,000 | 06/30/2010 |
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UNITEDHEALTH GROUP INC
| UNH | Common | 1,646,976 | -90,200 | 46,774,000 | -9,980,000 | 06/30/2010 |
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LORILLARD, INC.
| LO | COM | 624,490 | -25,000 | 44,951,000 | -3,917,000 | 06/30/2010 |
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EXXON MOBIL CORP
| XOM | Common | 786,876 | 496,876 | 44,907,000 | 25,483,000 | 06/30/2010 |
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MCDONALDS CORP
| MCD | Common | 677,400 | 0 | 44,620,000 | -576,000 | 06/30/2010 |
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CABLEVISION SYSTEMS CORP /NY
| CVC | Common | 1,826,917 | 136,500 | 43,864,000 | 3,057,000 | 06/30/2010 |
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GIVEN IMAGING LTD
| GIVN | Common | 2,798,910 | -31,000 | 43,719,000 | -23,095,000 | 06/30/2010 |
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AES CORP
| AES | Common | 4,621,757 | -1,704,700 | 42,705,000 | -26,886,000 | 06/30/2010 |
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DELTA AIR LINES INC /DE/
| DAL | Common | 3,455,900 | -848,900 | 40,607,000 | -22,200,000 | 06/30/2010 |
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Domtar CORP
| UFS | Common | 801,300 | 148,063 | 39,384,000 | -2,691,000 | 06/30/2010 |
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VALIDUS HOLDINGS LTD
| VR | COM SHS | 1,587,500 | -8,100 | 38,767,000 | -5,160,000 | 06/30/2010 |
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J P MORGAN CHASE & CO
| JPM | Common | 1,038,100 | 656,300 | 38,005,000 | 20,919,000 | 06/30/2010 |
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ACE LTD
| ACE | COM | 729,500 | 188,400 | 37,555,000 | 9,255,000 | 06/30/2010 |
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UAL CORP /DE/
| UAUA | Common | 1,809,600 | 21,000 | 37,205,000 | 2,233,000 | 06/30/2010 |
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REGAL ENTERTAINMENT GROUP
| RGC | Common | 2,836,017 | 222,417 | 36,982,000 | -8,939,000 | 06/30/2010 |
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INTERNATIONAL PAPER CO /NEW/
| IP | Common | 1,598,300 | 218,300 | 36,170,000 | 2,208,000 | 06/30/2010 |
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GENERAL GROWTH PROPERTIES INC
| GGP | Common | 2,572,300 | -512,700 | 34,109,000 | -15,529,000 | 06/30/2010 |
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