0001193125-11-138584.txt : 20110513 0001193125-11-138584.hdr.sgml : 20110513 20110513085748 ACCESSION NUMBER: 0001193125-11-138584 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110331 FILED AS OF DATE: 20110513 DATE AS OF CHANGE: 20110513 EFFECTIVENESS DATE: 20110513 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Hillsdale Investment Management Inc. CENTRAL INDEX KEY: 0001368465 IRS NUMBER: 000000000 STATE OF INCORPORATION: A6 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-11957 FILM NUMBER: 11837923 BUSINESS ADDRESS: STREET 1: 100 WELLINGTON STREET WEST, SUITE 2100 STREET 2: CP TOWER, BOX 228 CITY: TORONTO STATE: A6 ZIP: M5K1J3 BUSINESS PHONE: 416-913-3900 MAIL ADDRESS: STREET 1: 100 WELLINGTON STREET WEST, SUITE 2100 STREET 2: CP TOWER, BOX 228 CITY: TORONTO STATE: A6 ZIP: M5K1J3 13F-HR 1 d13fhr.txt FORM 13F UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2011 Check here if Amendment [_]; Amendment Number: ____ This Amendment (Check only one.): [_] is a restatement. [_] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Hillsdale Investment Management Inc. Address: 100 Wellington Street West, Suite 2100, TD Centre, P.O. Box 228, Toronto, Ontario, Canada, M5K 1J3 Form 13F File Number: 28-11957 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Ian Pember Title: Senior Vice President, Administration and Compliance Phone: 416-913-3920 Signature, Place, and Date of Signing: I. Pember Toronto, Ontario, Canada May 12, 2011 -------------- ----------------------------- ------------- Report Type* (Check only one.): [_] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [_] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [X] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) -------- * Reports Holdings for which confidential treatment is required. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 368 Form 13F Information Table Value Total: $232,337 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. 1. Frank Russell Company. File number 028-01190 FORM 13F INFORMATION TABLE

VOTING AUTORITY SHARES/ SH/ PUT/ INVSTMT --------------------- NAME OF ISSUER TITLE OF CLASS CUSIP VALUE /1000 PRN AMT PRN CALL DSCRETN OTHER MANAGERS SOLE SHARED NONE -------------- -------------- ---------- ----------- ------- --- ---- ------- -------------- ------- ------ ------ 3D SYSTEMS ORD COM 88554D205 7 150 SH SOLE 150 99 CENTS STORES ORD COM 65440K106 18 900 SH SOLE 900 ABBOTT LABS ORD COM 002824100 559 11,400 SH SOLE 11,400 ACACIA RESEARCH ORD COM 003881307 2,085 60,700 SH SOLE 60,700 ADOBE SYS ORD COM 00724F101 126 3,800 SH SOLE 3,800 ADVANCED ENERGY ORD COM 007973100 7 400 SH SOLE 400 AEROPOSTALE ORD COM 007865108 1,181 48,550 SH SOLE 48,550 AGNICO EAGLE ORD COM 008474108 56 840 SH SOLE 140 700 AGRIUM ORD COM 008916108 960 10,400 SH SOLE 9,200 1,200 ALCON ORD COM H01301102 794 4,800 SH SOLE 4,800 ALEXZA PHARMACEUTICALS ORD COM 015384100 168 99,000 SH SOLE 99,000 ALIGN TECHNOLOGY ORD COM 016255101 6 300 SH SOLE 300 ALLIED NEVADA GOLD CORP COM 019344100 1,847 52,000 SH SOLE 52,000 ALLSCRIPTS HEALTHCARE SOLUTN COM 01988P108 10 500 SH SOLE 500 ALTERA ORD COM 021441100 185 4,200 SH SOLE 4,200 ALTRIA GROUP ORD COM 02209S103 888 34,100 SH SOLE 31,600 2,500 AMERICAN EXPRESS ORD COM 025816109 122 2,700 SH SOLE 2,700 AMERICAN PUBLIC EDUCATION IN COM 02913V103 8 200 SH SOLE 200 AMERIGAS PART UNT COM 030975106 50 1,050 SH SOLE 1,050 AMERIGROUP ORD COM 03073T102 1,600 24,900 SH SOLE 24,900 AMTECH SYSTEMS ORD COM 032332504 1,085 43,000 SH SOLE 43,000 ANALOG DEVICES ORD COM 032654105 8 200 SH SOLE 200 APOLLO GROUP ORD COM 037604105 799 19,150 SH SOLE 19,150 APPLE INC COM 037833100 941 2,700 SH SOLE 2,700 APPLIED INDUS ORD COM 03820C105 1,330 40,000 SH SOLE 40,000 APTARGROUP ORD COM 038336103 5 100 SH SOLE 100 ARCHER DANIELS ORD COM 039483102 4 100 SH SOLE 100 ARES CAPITAL ETF COM 04010L103 51 3,000 SH SOLE 3,000 ASE COM 00756M404 59 10,700 SH SOLE 10,700 ASIAINFO-LINKAGE INC COM 04518A104 52 2,400 SH SOLE 2,400 ASSURANT INC ORDINARY COM 04621X108 12 300 SH SOLE 300 ASTRAZENECA ADR COM 046353108 544 11,800 SH SOLE 11,000 800 ATHEROS COMMS ORDINARY COM 04743P108 18 400 SH SOLE 400 AVX CORP ORD COM 002444107 1,103 74,000 SH SOLE 74,000 BAIDU INC COM 056752108 1,006 7,300 SH SOLE 7,300 BALLANTYNE STRONG INC COM 058516105 1,219 170,000 SH SOLE 170,000 BANCORP BNK ORD COM 05969A105 11 1,200 SH SOLE 1,200 BANK NOVA SCOTIA ORD COM 064149107 863 14,070 SH SOLE 8,770 5,300 BANK OF MONTREAL ORD COM 063671101 2,120 32,660 SH SOLE 31,260 1,400 BARRICK GOLD ORD COM 067901108 2,896 55,760 SH SOLE 51,060 4,700 BAYTEX ENERGY CORP COM 07317Q105 7,818 133,810 SH SOLE 133,810 BCE ORD COM 05534B760 5,633 155,180 SH SOLE 148,880 6,300 BEACON ROOFING ORD COM 073685109 129 6,300 SH SOLE 6,300 BENEFICIAL MUTUAL BANCORP IN COM 08173R104 129 15,000 SH SOLE 15,000 BIODEL INC COM 09064M105 79 37,500 SH SOLE 37,500 BIOGEN IDEC ORD COM 09062X103 96 1,300 SH SOLE 1,300 BLACKROCK KELSO CAPITAL CORP COM 092533108 43 4,200 SH SOLE 4,200 BOSTON BEER ORDINARY A COM 100557107 5 50 SH SOLE 50 BP PLC ADR COM 055622104 883 20,000 SH SOLE 20,000 BRANDYWINE ORD COM 105368203 52 4,300 SH SOLE 4,300 BRISTOL-MYERS SQUIBB CO COM 110122108 743 28,100 SH SOLE 25,900 2,200 BROADCOM A ORD COM 111320107 114 2,900 SH SOLE 2,900 BROOKFIELD ASSET MGT A ORD COM 112585104 508 15,640 SH SOLE 13,640 2,000 BROOKFIELD PROP ORD COM 112900105 32 1,800 SH SOLE 1,800 BROOKLINE BNCP ORD COM 11373M107 5 500 SH SOLE 500 BROOKS AUT ORD COM 114340102 18 1,300 SH SOLE 1,300 BRUKER CORPORATION COM 116794108 1,418 68,000 SH SOLE 68,000 C WILLIAMS EGY ORD COM 969490101 5 50 SH SOLE 50 CAI INTERNATIONAL INC COM 12477X106 168 6,500 SH SOLE 6,500 CALAMOS ASSET ORD COM 12811R104 1,244 75,000 SH SOLE 75,000 CAMECO ORD COM 13321L108 60 2,010 SH SOLE 410 1,600 CAMPBELL SOUP ORD COM 134429109 639 19,300 SH SOLE 19,300 CANADIAN IMPERIAL BANK COMMERCE ORD COM 136069101 3,516 40,810 SH SOLE 39,210 1,600 CAPELLA EDUCATION COMPANY COM 139594105 8 170 SH SOLE 170 CARBO CERAMIC ORD COM 140781105 14 100 SH SOLE 100 CAREER EDUCATION ORD COM 141665109 738 32,500 SH SOLE 32,500 CDN NAT RSC ORD COM 136385101 2,315 46,860 SH SOLE 42,760 4,100 CDN NTL ORD COM 136375102 1,653 21,920 SH SOLE 19,120 2,800 CDN PAC RAILWY ORD COM 13645T100 961 14,960 SH SOLE 12,660 2,300 CELERA CORP COM 15100E106 172 21,200 SH SOLE 21,200 CENOVUS ENERGY INC COM 15135U109 137 3,460 SH SOLE 460 3,000 CEPHALON ORD COM 156708109 15 200 SH SOLE 200 CF INDUSTRIES ORD COM 125269100 123 900 SH SOLE 900 CGI CLASS A ORD COM 39945C109 18 850 SH SOLE 850 CHECK PT SFTWRE ORD COM M22465104 97 1,900 SH SOLE 1,900 CHEESECAKE ORD COM 163072101 12 400 SH SOLE 400 CHESAPEAKE ENER ORD COM 165167107 7 200 SH SOLE 200 CHEVRONTEXACO ORD COM 166764100 838 7,800 SH SOLE 7,800 CHICOS FAS ORD COM 168615102 1,324 88,900 SH SOLE 88,900 CHINA PETROLEUM ADR H COM 16941R108 704 7,000 SH SOLE 7,000 CHIPOTLE MEXICAN GRILL ORD COM 169656105 27 100 SH SOLE 100 CIRRUS LOGIC ORD COM 172755100 116 5,500 SH SOLE 5,500 CME GROUP INC COM 12572Q105 106 350 SH SOLE 350 COACH ORD COM 189754104 986 18,950 SH SOLE 18,950 COBIZ FINANCIAL INC COM 190897108 145 20,900 SH SOLE 20,900 COEUR D'ALENE ORD COM 192108504 17 500 SH SOLE 500 COGNEX ORD COM 192422103 6 200 SH SOLE 200 COLGATE ORD COM 194162103 57 700 SH SOLE 700

VOTING AUTORITY SHARES/ SH/ PUT/ INVSTMT -------------------- NAME OF ISSUER TITLE OF CLASS CUSIP VALUE /1000 PRN AMT PRN CALL DSCRETN OTHER MANAGERS SOLE SHARED NONE -------------- -------------- ---------- ----------- ------- --- ---- ------- -------------- ------- ------ ----- COMP DE BEBIDAS ADR COM 20441W203 51 1,800 SH SOLE 1,800 CONCHO RES INC COM 20605P101 16 150 SH SOLE 150 CONOCOPHILLIPS ORD COM 20825C104 918 11,500 SH SOLE 11,500 CONTINENTAL RESOURCES INC COM 212015101 7 100 SH SOLE 100 CORP EXEC BOARD ORD COM 21988R102 1,417 35,100 SH SOLE 35,100 COVENTRY HEALTH ORD COM 222862104 22 700 SH SOLE 700 CROSSTEX ENERGY ORD COM 22765Y104 8 800 SH SOLE 800 CVB FINANCIAL ORD COM 126600105 146 15,700 SH SOLE 15,700 CYBERONICS ORD COM 23251P102 1,479 46,500 SH SOLE 46,500 CYPRESS SEMI ORD COM 232806109 17 900 SH SOLE 900 DANA HLDG CORP COM 235825205 7 400 SH SOLE 400 DANAHER ORD COM 235851102 10 200 SH SOLE 200 DCT INDUSTRIAL TRUST INC COM 233153105 50 8,950 SH SOLE 8,950 DECKERS OUTDOOR ORD COM 243537107 1,400 16,250 SH SOLE 16,250 DEERE & CO ORD COM 244199105 136 1,400 SH SOLE 1,400 DENISON MINES CORP COM 248356107 1,152 483,800 SH SOLE 483,800 DEVRY ORD COM 251893103 11 200 SH SOLE 200 DOLLAR TREE INC COM 256746108 6 100 SH SOLE 100 DOMTAR CORP COM 257559203 6,998 76,300 SH SOLE 76,300 DOVER ORD COM 260003108 7 100 SH SOLE 100 ELDORADO GOLD ORD COM 284902103 374 22,970 SH SOLE 20,670 2,300 ELI LILLY & CO COM 532457108 819 23,300 SH SOLE 21,700 1,600 ENBRIDGE ORD COM 29250N105 195 3,190 SH SOLE 190 3,000 ENCANA ORD COM 292505104 52 1,510 SH SOLE 110 1,400 ENDO PHARM HLDGS ORD COM 29264F205 183 4,800 SH SOLE 4,800 ENERPLUS CORP COM 292766102 98 3,100 SH SOLE 3,100 ENERSYS ORD COM 29275Y102 1,415 35,600 SH SOLE 35,600 ENTEGRIS ORD COM 29362U104 1,141 130,000 SH SOLE 130,000 EXFO INC COM 302046107 2,497 229,700 SH SOLE 229,700 EZCORP ORD COM 302301106 1,356 43,200 SH SOLE 43,200 F5 NETWORKS ORD COM 315616102 728 7,100 SH SOLE 7,100 FAIRCHILD SEMI ORDINARY A COM 303726103 11 600 SH SOLE 600 FED INVESTORS ORDINARY B COM 314211103 851 31,800 SH SOLE 29,100 2,700 FEI COMPANY ORD COM 30241L109 24 700 SH SOLE 700 FIFTH THIRD BANC ORD COM 316773100 4 300 SH SOLE 300 FINISAR ORD COM 31787A507 1,046 42,500 SH SOLE 42,500 FIRST MAJESTIC SILVER ORD COM 32076V103 6,929 326,200 SH SOLE 326,200 FIRST MERCHANTS ORD COM 320817109 122 14,800 SH SOLE 14,800 FLEXTRONICS INTL ORD COM Y2573F102 556 74,400 SH SOLE 74,400 FRANKLIN RSC ORD COM 354613101 775 6,200 SH SOLE 6,200 FREEPRT MCMORAN ORDINARY B COM 35671D857 778 14,000 SH SOLE 14,000 G III APPAREL ORD COM 36237H101 675 17,959 SH SOLE 17,959 GAMCO INVESTORS ORD COM 361438104 848 18,300 SH SOLE 18,300 GAMMON GOLD INC COM 36467T106 2,080 200,000 SH SOLE 200,000 GENERAL ELECTRIC ORD COM 369604103 10 500 SH SOLE 500 GENTEX ORD COM 371901109 3 100 SH SOLE 100 GLACIER BANCORP ORD COM 37637Q105 143 9,500 SH SOLE 9,500 GLADSTONE CAP ORD COM 376535100 46 4,100 SH SOLE 4,100 GLAXOSMITHKLINE ADR COM 37733W105 933 24,300 SH SOLE 23,200 1,100 GOLDCORP ORD COM 380956409 2,448 49,130 SH SOLE 46,230 2,900 GOOGLE ORD COM 38259P508 763 1,300 SH SOLE 1,300 GREAT BASIN GLD ORD COM 390124105 89 34,000 SH SOLE 34,000 H&R BLOCK ORD COM 093671105 1,071 64,000 SH SOLE 60,000 4,000 HANSEN NATURAL ORD COM 411310105 12 200 SH SOLE 200 HARRY WINSTON DIAMOND CORP COM 41587B100 2,447 152,000 SH SOLE 152,000 HAVERTY ORD COM 419596101 149 11,200 SH SOLE 11,200 HEALTHSPRING ORD COM 42224N101 1,506 40,300 SH SOLE 40,300 HEALTHWAYS ORD COM 422245100 934 60,800 SH SOLE 60,800 HELMERICH ORD COM 423452101 89 1,300 SH SOLE 1,300 HERSHEY CO ORD COM 427866108 60 1,100 SH SOLE 1,100 HOLOGIC ORD COM 436440101 11 500 SH SOLE 500 IAMGOLD ORD COM 450913108 40 1,800 SH SOLE 400 1,400 IBM ORD COM 459200101 889 5,450 SH SOLE 5,450 IDEX ORD COM 45167R104 4 100 SH SOLE 100 II VI ORD COM 902104108 1,343 27,000 SH SOLE 27,000 ILLINOIS TOOL ORD COM 452308109 150 2,800 SH SOLE 2,800 IMAX ORD COM 45245E109 1,882 59,300 SH SOLE 59,300 IMPERIAL OIL ORD COM 453038408 113 2,210 SH SOLE 110 2,100 INTEGRA LIFESCI ORD COM 457985208 9 200 SH SOLE 200 INTEL ORD COM 458140100 739 36,600 SH SOLE 33,900 2,700 INTER PARFUMS ORD COM 458334109 6 300 SH SOLE 300 INTERACT INTELL ORD COM 45839M103 19 500 SH SOLE 500 IPG PHOTONICS CORP COM 44980X109 1,690 29,300 SH SOLE 29,300 IRON MOUNTAIN ORD COM 462846106 9 300 SH SOLE 300 ISHARES CANADA ETF COM 464286509 34 1,000 SH SOLE 1,000 ISHARES FRANCE ETF COM 464286707 30 1,100 SH SOLE 1,100 iSHARES MSCI GER ETF COM 464286806 34 1,300 SH SOLE 1,300 iSHARES MSCI MAL ETF COM 464286830 33 2,200 SH SOLE 2,200 ISHARES NETHLND ETF COM 464286814 30 1,300 SH SOLE 1,300 iSHARES SWEDEN ETF COM 464286756 33 1,000 SH SOLE 1,000 ISHARES TR COM 464287184 54 1,200 SH SOLE 1,200 ISHARES TR COM 464288513 1,200 SH SOLE 1,200 ISHARES UK ETF COM 464286699 30 1,700 SH SOLE 1,700 ITC HOLDINGS ORD COM 465685105 10 150 SH SOLE 150 ITT EDUCATIONAL SERVICES INC COM 45068B109 7 100 SH SOLE 100 IVANHOE MINES ORD COM 46579N103 33 1,210 SH SOLE 110 1,100 J CREW GROUP ORD ESCRO COM 466ESC407 200 SH SOLE 200 JAZZ PHARMACEUTICALS INC COM 472147107 13 400 SH SOLE 400 JDS UNIPHASE CANADA NON-VOTING ORD COM 46612F406 604 28,800 SH SOLE 28,800 JDS UNIPHASE ORD COM 46612J507 15 700 SH SOLE 700 JOHNSON&JOHNSON ORD COM 478160104 628 10,600 SH SOLE 10,600

VOTING AUTORITY SHARES/ SH/ PUT/ INVSTMT -------------------- NAME OF ISSUER TITLE OF CLASS CUSIP VALUE /1000 PRN AMT PRN CALL DSCRETN OTHER MANAGERS SOLE SHARED NONE -------------- -------------- ---------- ----------- ------- --- ---- ------- -------------- ------- ------ ----- KAYNE ANDERSON ENERGY DEVMNT ORD COM 48660Q102 51 2,600 SH SOLE 2,600 KIMBERLY CLARK ORD COM 494368103 783 12,000 SH SOLE 12,000 KINROSS GOLD ORD COM 496902404 132 8,390 SH SOLE 1,090 7,300 KNIGHT TRANS ORD COM 499064103 137 7,100 SH SOLE 7,100 KOHLBERG CAPITAL CORP COM 500233101 61 7,350 SH SOLE 7,350 KOHLS ORD COM 500255104 127 2,400 SH SOLE 2,400 L 3 COMMS HLDGS ORD COM 502424104 8 100 SH SOLE 100 LAM RESEARCH ORD COM 512807108 11 200 SH SOLE 200 LATTICE ORD COM 518415104 1,205 204,200 SH SOLE 204,200 LAWSON SOFTWARE ORD COM 52078P102 8 700 SH SOLE 700 LINCOLN EDU SERV ORD COM 533535100 6 400 SH SOLE 400 LINEAR TECH ORD COM 535678106 101 3,000 SH SOLE 3,000 LMI AEROSPACE ORD COM 502079106 154 7,600 SH SOLE 7,600 LOCKHEED MARTIN ORD COM 539830109 909 11,300 SH SOLE 10,400 900 LORRILLARD INC COM 544147101 865 9,100 SH SOLE 9,100 LSI CORPORATION COM 502161102 8 1,200 SH SOLE 1,200 LTC PROPERTIES ORD COM 502175102 52 1,850 SH SOLE 1,850 LULULEMON ATHLETICA INC COM 550021109 792 8,900 SH SOLE 8,900 MACY'S INC COM 55616P104 5 200 SH SOLE 200 MAD CATZ INTER ORD COM 556162105 590 271,095 SH SOLE 271,095 MAGNA INTERNATIONAL CLASS A ORD COM 559222401 5,811 121,310 SH SOLE 119,410 1,900 MANULIFE FINL ORD COM 56501R106 135 7,610 SH SOLE 1,010 6,600 MARKET VECTORS ETF TR RUSSIA ETF COM 57060U506 33 800 SH SOLE 800 MARKETAXESS COM 57060D108 242 10,000 SH SOLE 10,000 MARTEN TRANSPORT ORD COM 573075108 134 6,000 SH SOLE 6,000 MASIMO CORP COM 574795100 7 200 SH SOLE 200 MATERION CORPORATION COM 576690101 4 100 SH SOLE 100 MATTEL ORD COM 577081102 698 28,000 SH SOLE 28,000 MB FINANCIAL ORD COM 55264U108 134 6,400 SH SOLE 6,400 MCDONALDS ORD COM 580135101 122 1,600 SH SOLE 800 800 MEDICIS PHARM ORDINARY A COM 584690309 1,234 38,500 SH SOLE 38,500 MEDIFAST ORD COM 58470H101 780 39,500 SH SOLE 39,500 MEDTRONIC ORD COM 585055106 110 2,800 SH SOLE 1,400 1,400 METROPCS COMMUNICATIONS INC COM 591708102 8 500 SH SOLE 500 MICROCHIP TECH ORD COM 595017104 905 23,800 SH SOLE 23,800 MICROSOFT ORD COM 594918104 691 27,200 SH SOLE 25,000 2,200 MKS INSTRUMENTS ORD COM 55306N104 1,499 45,000 SH SOLE 45,000 MOLINA HLTHCRE ORD COM 60855R100 1,800 45,000 SH SOLE 45,000 MOODYS CORP ORD COM 615369105 10 300 SH SOLE 300 MSC INDUSTRIAL ORDINARY A COM 553530106 137 2,000 SH SOLE 2,000 MSCI INC COM 55354G100 7 200 SH SOLE 200 NA PALLADIUM ORD COM 656912102 2,048 313,000 SH SOLE 313,000 NATL HEALTH INV ORD COM 63633D104 50 1,050 SH SOLE 1,050 NATL SEMICONDUCT ORD COM 637640103 66 4,600 SH SOLE 4,600 NETAPP INC COM 64110D104 5 100 SH SOLE 100 NETFLIX INC COM 64110L106 797 3,350 SH SOLE 3,350 NEW GOLD ORD COM 644535106 4,135 351,600 SH SOLE 351,600 NEWPARK RSC ORD COM 651718504 16 2,000 SH SOLE 2,000 NEWPORT ORD COM 651824104 1,427 80,000 SH SOLE 80,000 NEXEN ORD COM 65334H102 1,104 44,310 SH SOLE 42,210 2,100 NOBLE ORD COM H5833N103 73 1,600 SH SOLE 1,600 NORDIC AMER TANK ORD COM G65773106 48 1,950 SH SOLE 1,950 NOVELLUS SYS ORD COM 670008101 1,604 43,200 SH SOLE 43,200 NOVO NORDISK ADR COM 670100205 914 7,300 SH SOLE 7,300 NUANCE COMMUNICATIONS ORD COM 67020Y100 10 500 SH SOLE 500 NYSE EURONEXT COM 629491101 4 100 SH SOLE 100 OCCIDENTAL ORD COM 674599105 73 700 SH SOLE 700 OIL STATES INTL ORD COM 678026105 1,599 21,000 SH SOLE 21,000 OLIN ORD COM 680665205 1,261 55,000 SH SOLE 55,000 OMEGA PROTEIN ORD COM 68210P107 20 1,500 SH SOLE 1,500 ON ASSIGNMENT ORD COM 682159108 7 700 SH SOLE 700 OPEN TEXT ORD COM 683715106 8 130 SH SOLE 130 ORACLE ORD COM 68389X105 786 23,500 SH SOLE 23,500 ORITANI FINL CORP COM 68633D103 16 1,300 SH SOLE 1,300 OSHKOSH CORP COM 688239201 7 200 SH SOLE 200 OYO GEOSPACE ORD COM 671074102 10 100 SH SOLE 100 PAN AMER SILVER ORD COM 697900108 505 13,600 SH SOLE 13,600 PANERA BREAD A ORD COM 69840W108 19 150 SH SOLE 150 PARKER HANNIFIN ORD COM 701094104 9 100 SH SOLE 100 PARTNER COMMS ADR COM 70211M109 949 49,900 SH SOLE 47,600 2,300 PATRIOT COAL CORP COM 70336T104 8 300 SH SOLE 300 PATTERSON UTI ORD COM 703481101 1,734 59,000 SH SOLE 59,000 PAYCHEX ORD COM 704326107 66 2,100 SH SOLE 2,100 PDL BIOPHARMA ORD COM 69329Y104 96 16,500 SH SOLE 16,500 PEABODY ENERGY ORD COM 704549104 11 150 SH SOLE 150 PENN WEST PETE LTD NEW COM 707887105 918 33,090 SH SOLE 31,190 1,900 PERFICIENT ORD COM 71375U101 5 400 SH SOLE 400 PERICOM SEMICON ORD COM 713831105 4 400 SH SOLE 400 PERRIGO ORD COM 714290103 12 150 SH SOLE 150 PFIZER ORD COM 717081103 61 3,000 SH SOLE 3,000 PHARM RSC ORD COM 69888P106 1,228 39,500 SH SOLE 39,500 PHILIP MORRIS INTL INC COM 718172109 853 13,000 SH SOLE 13,000 PIPER JAFFRAY ORDINARY WI COM 724078100 1,160 28,000 SH SOLE 28,000 PLUM CREEK TIMB ORD COM 729251108 31 700 SH SOLE 700 PMC SIERRA ORD COM 69344F106 8 1,000 SH SOLE 1,000 POSCO ADR COM 693483109 800 7,000 SH SOLE 7,000 POTASH SASKATCHE ORD COM 73755L107 762 12,920 SH SOLE 8,820 4,100 POWER ONE INC NEW COM 73930R102 831 95,000 SH SOLE 95,000 PRECISION DRILLING CORP COM 74022D308 563 41,600 SH SOLE 41,600 PRICELINE COM ORD COM 741503403 1,013 2,000 SH SOLE 2,000 PROASSURANCE CP ORD COM 74267C106 6 100 SH SOLE 100

VOTING AUTORITY SHARES/ SH/ PUT/ INVSTMT --------------------- NAME OF ISSUER TITLE OF CLASS CUSIP VALUE /1000 PRN AMT PRN CALL DSCRETN OTHER MANAGERS SOLE SHARED NONE -------------- -------------- ---------- ----------- ------- --- ---- ------- -------------- ------- ------ ------ PROSHARES TR SHRT RUSSL2000 COM 74347X690 336 19,450 SH SOLE 19,450 PROSHARES TR ULT SHR S&P500 COM 74347X856 171 10,700 SH SOLE 10,700 PROVIDENT ENERGY LTD NEW COM 74386V100 39 4,200 SH SOLE 4,200 QLOGIC ORD COM 747277101 1,299 70,000 SH SOLE 70,000 RBC BEARINGS ORD COM 75524B104 1,155 30,200 SH SOLE 30,200 REED ELSEVIER ADR COM 758204200 708 27,400 SH SOLE 25,400 2,000 RESEARCH IN MOTION ORD COM 760975102 3,806 67,360 SH SOLE 65,460 1,900 ROCKWELL AUTOMAT ORD COM 773903109 199 2,100 SH SOLE 2,100 ROCKWELL COLLINS ORD COM 774341101 65 1,000 SH SOLE 1,000 ROGERS COMS B ORD COM 775109200 1,638 45,100 SH SOLE 44,500 600 ROWAN COMPANIES ORD COM 779382100 22 500 SH SOLE 500 ROYAL BK CANADA ORD COM 780087102 370 5,990 SH SOLE 590 5,400 ROYAL GOLD ORD COM 780287108 3 50 SH SOLE 50 RPC ORD COM 749660106 1,975 78,000 SH SOLE 78,000 RUBICON TECHNOLOGY INC COM 78112T107 1,661 60,000 SH SOLE 60,000 SANDERSON FARMS ORD COM 800013104 138 3,000 SH SOLE 3,000 SANDISK ORD COM 80004C101 16 350 SH SOLE 350 SANOFI COM 80105N105 873 24,800 SH SOLE 23,500 1,300 SAP AG COM 803054204 982 16,000 SH SOLE 16,000 SASOL ADR COM 803866300 927 16,000 SH SOLE 16,000 SCHLUMBERGER ORD COM 806857108 839 9,000 SH SOLE 9,000 SCICLONE ORD COM 80862K104 572 141,682 SH SOLE 141,682 SHAW COMMUNICATIONS CLASS B ORD COM 82028K200 584 27,700 SH SOLE 25,900 1,800 SHAW GROUP ORD COM 820280105 7 200 SH SOLE 200 SHIRE PLC COM 82481R106 757 8,700 SH SOLE 8,700 SIGNATURE BANK ORDINARY COM 82669G104 6 100 SH SOLE 100 SILVER WHEATON ORDINARY COM 828336107 2,156 49,660 SH SOLE 48,260 1,400 SIMON PROP GRP ORD COM 828806109 86 800 SH SOLE 800 SIRONA DENTAL SYSTEMS ORD COM 82966C103 5 100 SH SOLE 100 SLM CORP ORD COM 78442P106 3 200 SH SOLE 200 SOHU COM ORD COM 83408W103 894 10,000 SH SOLE 10,000 SOTHEBYS COM 835898107 1,589 30,200 SH SOLE 30,200 SPDR SERIES TRUST BRCLYS YLD ETF COM 78464A417 1,604 39,600 SH SOLE 27,100 12,500 ST JUDE MEDICAL ORD COM 790849103 149 2,900 SH SOLE 2,900 STANTEC ORD COM 85472N109 879 29,400 SH SOLE 29,400 STARBUCKS ORD COM 855244109 155 4,200 SH SOLE 4,200 STEC INC COM 784774101 6 300 SH SOLE 300 STRAYER EDUC ORD COM 863236105 7 50 SH SOLE 50 SUBRBN PROPANE UNT COM 864482104 48 850 SH SOLE 850 SUBSEA 7 S A COM 864323100 81 3,200 SH SOLE 3,200 SUN LIFE FINL ORD COM 866796105 27 850 SH SOLE 150 700 SUNCOR ENERGY ORD COM 867224107 1,611 35,960 SH SOLE 28,860 7,100 SUNPOWER A ORD COM 867652109 7 400 SH SOLE 400 T ROWE PRICE GP ORD COM 74144T108 777 11,700 SH SOLE 11,700 TALISMAN ENERGY ORD COM 87425E103 1,351 54,680 SH SOLE 50,580 4,100 TECK COMINCO CL B ORD COM 878742204 2,009 37,940 SH SOLE 35,240 2,700 TELECOM ADR B COM 879273209 779 31,400 SH SOLE 29,000 2,400 TELUS ORD COM 87971M103 4,472 87,540 SH SOLE 84,440 3,100 TERADYNE ORD COM 880770102 9 500 SH SOLE 500 TESCO ORD COM 88157K101 7 300 SH SOLE 300 TEXAS INSTRUMENT ORD COM 882508104 7 200 SH SOLE 200 THE MEDICINES ORD COM 584688105 1,352 83,000 SH SOLE 83,000 THERMO FISHER SCIENTIFIC ORD COM 883556102 6 100 SH SOLE 100 THOMAS & BETTS ORD COM 884315102 1,189 20,000 SH SOLE 20,000 THOMSON REUTERS CORP COM 884903105 149 3,800 SH SOLE 400 3,400 TICC CAPITAL CORP COM 87244T109 43 3,950 SH SOLE 3,950 TIM HORTONS ORD COM 88706M103 3,519 77,646 SH SOLE 75,446 2,200 TIMBERLAND ORDINARY A COM 887100105 8 200 SH SOLE 200 TJX ORD COM 872540109 7 150 SH SOLE 150 TORONTO DOMINION ORD COM 891160509 1,252 14,160 SH SOLE 9,860 4,300 TOTAL FINA ELF ADR COM 89151E109 921 15,100 SH SOLE 15,100 TRANSCANADA CORP ORD COM 89353D107 1,669 41,190 SH SOLE 33,990 7,200 TRANSGLOBE ENRGY ORD COM 893662106 6,687 440,800 SH SOLE 440,800 TRINA SOLAR LIMITED COM 89628E104 904 30,000 SH SOLE 30,000 TRINITY ORD COM 896522109 7 200 SH SOLE 200 TURKCELL ADR COM 900111204 39 2,600 SH SOLE 2,600 TWN SEMICONT MAN ADR COM 874039100 996 81,800 SH SOLE 77,500 4,300 TYSON FOODS ORD COM 902494103 6 300 SH SOLE 300 UIL HOLDINGS ORD COM 902748102 50 1,650 SH SOLE 1,650 ULTRATECH ORD COM 904034105 21 700 SH SOLE 700 UNITED PARCEL ORDINARY B COM 911312106 7 100 SH SOLE 100 UNITEDHEALTH GRP ORD COM 91324P102 14 300 SH SOLE 300 USA MOBILITY ORD COM 90341G103 1,203 83,050 SH SOLE 83,050 USANA HLTH SCI ORD COM 90328M107 1,008 29,200 SH SOLE 29,200 VAALCO ENERGY ORD COM 91851C201 5 700 SH SOLE 700 VALE S. A. COM 91912E105 800 24,000 SH SOLE 24,000 VALEANT PHARMACEUTICALS INTL COM 91911K102 879 17,630 SH SOLE 17,630 VALUECLICK ORD COM 92046N102 1,088 75,300 SH SOLE 75,300 VEECO INSTRUM ORD COM 922417100 1,296 25,500 SH SOLE 25,500 VF ORD COM 918204108 69 700 SH SOLE 700 VIACOM B ORD COM 92553P201 84 1,800 SH SOLE 1,800 VIEWPOINT FINANCIAL ORD COM 92672A101 130 10,000 SH SOLE 10,000 VISHAY INTERTECH ORD COM 928298108 1,785 100,600 SH SOLE 100,600 WADDELL REED ORDINARY A COM 930059100 10 250 SH SOLE 250 WALGREEN ORD COM 931422109 6 150 SH SOLE 150 WARNER CHILCOTT CL A ORD COM G94368100 698 30,000 SH SOLE 30,000 WARREN RESOURCES ORD COM 93564A100 1,800 352,200 SH SOLE 352,200 WEBS ITALY ETF COM 464286855 30 1,600 SH SOLE 1,600 WEBS SWITZERLAND ETF COM 464286749 30 1,200 SH SOLE 1,200 WEBSENSE ORD COM 947684106 7 300 SH SOLE 300 WEIGHT WATCHERS ORD COM 948626106 28 400 SH SOLE 400

VOTING AUTORITY SHARES/ SH/ PUT/ INVSTMT ------------------- NAME OF ISSUER TITLE OF CLASS CUSIP VALUE /1000 PRN AMT PRN CALL DSCRETN OTHER MANAGERS SOLE SHARED NONE -------------- -------------- ---------- ----------- ------- --- ---- ------- -------------- ------ ------ ----- WESTERN REFINING ORD COM 959319104 7 400 SH SOLE 400 WILLIAMS PRTNRS UNITS COM 96950F104 60 1,150 SH SOLE 1,150 WILLIAMS SONOMA ORD COM 969904101 8 200 SH SOLE 200 WORLD FUEL SVC ORD COM 981475106 8 200 SH SOLE 200 WP CAREY CO ORD COM 92930Y107 57 1,600 SH SOLE 1,600 YAHOO ORD COM 984332106 17 1,000 SH SOLE 1,000 YAMANA GOLD ORD COM 98462Y100 920 74,540 SH SOLE 67,740 6,800