0001193125-13-060437.txt : 20130214 0001193125-13-060437.hdr.sgml : 20130214 20130214164208 ACCESSION NUMBER: 0001193125-13-060437 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20121231 FILED AS OF DATE: 20130214 DATE AS OF CHANGE: 20130214 EFFECTIVENESS DATE: 20130214 FILER: COMPANY DATA: COMPANY CONFORMED NAME: QUALCOMM INC/DE CENTRAL INDEX KEY: 0000804328 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 953685934 STATE OF INCORPORATION: DE FISCAL YEAR END: 0925 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-15384 FILM NUMBER: 13615001 BUSINESS ADDRESS: STREET 1: 5775 MOREHOUSE DR CITY: SAN DIEGO STATE: CA ZIP: 92121 BUSINESS PHONE: 8585871121 MAIL ADDRESS: STREET 1: 5775 MOREHOUSE DR CITY: SAN DIEGO STATE: CA ZIP: 92121 13F-HR 1 d484510d13fhr.txt FORM 13F UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for Calendar Year or Quarter Ended: DECEMBER 31, 2012 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: QUALCOMM INCORPORATED Address: 5775 MOREHOUSE DRIVE SAN DIEGO, CALIFORNIA 92121 Form 13F File Number: ##-##### 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 the reporting manager: Name: RICHARD F. GRANNIS Title SENIOR VICE PRESIDENT AND CORPORATE TREASURER Telephone: 858-658-4817 Signature, Place, and Date of Signing: /s/ RICHARD F. GRANNIS San Diego, CA 2/14/2013 ------------------------------------ --------------------- ----------------- [Signature] [City, State] [Date] Report Type (Check only one): [X] 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).) [_] 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).) -1- FORM 13F SUMMARY PAGE REPORT SUMMARY: Number of Other Included Managers: 3 Form 13F Information Table Entry Total: 219 Form 13F Information Table Value Total: 2,106,869 (thousands) List of Other Included Managers: Provide a numbered list of the names(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. [If there are no entries in this list, state "NONE" and omit the column headings and list entries.] NO. NAME --- ----------------------------------------------- 1 State Street Corporation 2 Flaherty & Crumrine Incorporated 3 Invesco Ltd. -2- FORM 13F INFORMATION TABLE AS OF 12/31/2012

VOTING VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE ------------------------------------------------------------------------------------------------------------------- A123 SYS INC COM 03739T108 97 5,351,864 SH SOLE 5,351,864 ABBOTT LABS COM 002824100 6,707 102,400 SH DEFINED 1 102,400 ADOBE SYS INC COM 00724F101 5,271 139,900 SH DEFINED 1 139,900 ADVANCE AUTO PARTS INC COM 00751Y106 5,701 78,800 SH DEFINED 1 78,800 AFFILIATED MANAGERS GROUP COM 008252108 10,946 84,100 SH DEFINED 1 84,100 AIRGAS INC COM 009363102 5,313 58,200 SH DEFINED 1 58,200 ALLEGHANY CORP DEL COM 017175100 268 800 SH DEFINED 1 800 ALLERGAN INC COM 018490102 2,394 26,100 SH DEFINED 1 26,100 ALLIANCE DATA SYSTEMS CORP COM 018581108 9,684 66,900 SH DEFINED 1 66,900 ALTRIA GROUP INC COM 02209S103 10,457 332,600 SH DEFINED 1 332,600 AMAZON COM INC COM 023135106 14,516 57,800 SH DEFINED 1 57,800 AMERICAN CAPITAL AGENCY CORP COM 02503X105 5,823 201,500 SH DEFINED 1 201,500 AMERICAN ELEC PWR INC COM 025537101 3,568 83,600 SH DEFINED 1 83,600 AMERICAN INTL GROUP INC COM NEW 026874784 2,503 70,900 SH DEFINED 1 70,900 AMERICAN WTR WKS CO INC NEW COM 030420103 6,635 178,700 SH DEFINED 1 178,700 AMERISOURCEBERGEN CORP COM 03073E105 1,637 37,900 SH DEFINED 1 37,900 AMGEN INC COM 031162100 7,370 85,500 SH DEFINED 1 85,500 ANNALY CAP MGMT INC COM 035710409 4,893 348,500 SH DEFINED 1 348,500 APPLE INC COM 037833100 24,306 45,600 SH DEFINED 1 45,600 AQUA AMERICA INC COM 03836W103 6,800 267,500 SH DEFINED 1 267,500 ARCH CAP GROUP LTD ORD G0450A105 14,707 334,100 SH DEFINED 1 334,100 AT&T INC COM 00206R102 11,023 327,000 SH DEFINED 1 327,000 AUTOZONE INC COM 053332102 10,704 30,200 SH DEFINED 1 30,200 B/E AEROSPACE INC COM 073302101 2,677 54,200 SH DEFINED 1 54,200 BARCLAYS BANK PLC ADR PFD SR 5 06739H362 21,891 860,850 SH DEFINED 2 860,850 BARCLAYS BANK PLC ADS7.75%PFD S4 06739H511 388 15,400 SH DEFINED 2 15,400 BARCLAYS BANK PLC SP ADR 7.1%PF3 06739H776 6,265 250,000 SH DEFINED 2 250,000 BAXTER INTL INC COM 071813109 14,652 219,800 SH DEFINED 1 219,800 BECTON DICKINSON & CO COM 075887109 4,214 53,900 SH DEFINED 1 53,900 BED BATH & BEYOND INC COM 075896100 9,102 162,800 SH DEFINED 1 162,800 BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 22,030 245,600 SH DEFINED 1 245,600 BIOGEN IDEC INC COM 09062X103 5,559 37,900 SH DEFINED 1 37,900 BMC SOFTWARE INC COM 055921100 5,346 134,800 SH DEFINED 1 134,800 BORGWARNER INC COM 099724106 3,466 48,400 SH DEFINED 1 48,400 BRISTOL MYERS SQUIBB CO COM 110122108 5,423 166,400 SH DEFINED 1 166,400 CALPINE CORP COM NEW 131347304 283 15,600 SH DEFINED 1 15,600 CAMERON INTERNATIONAL CORP COM 13342B105 6,741 119,400 SH DEFINED 1 119,400 CAMPBELL SOUP CO COM 134429109 4,965 142,300 SH DEFINED 1 142,300 CAPITOL FED FINL INC COM 14057J101 2,297 196,489 SH DEFINED 1 196,489 CAREFUSION CORP COM 14170T101 2,149 75,200 SH DEFINED 1 75,200 CARNIVAL CORP PAIRED CTF 143658300 7,571 205,900 SH DEFINED 1 205,900 CBOE HLDGS INC COM 12503M108 563 19,100 SH DEFINED 1 19,100 CELGENE CORP COM 151020104 2,692 34,200 SH DEFINED 1 34,200 CENTURYLINK INC COM 156700106 4,392 112,279 SH DEFINED 1 112,279 CERNER CORP COM 156782104 4,907 63,200 SH DEFINED 1 63,200 CHEVRON CORP NEW COM 166764100 5,591 51,700 SH DEFINED 1 51,700 CHIMERA INVT CORP COM 16934Q109 2,265 868,000 SH DEFINED 1 868,000 CHIPOTLE MEXICAN GRILL INC COM 169656105 7,437 25,000 SH DEFINED 1 25,000 CHUBB CORP COM 171232101 5,393 71,600 SH DEFINED 1 71,600 CIT GROUP INC COM NEW 125581801 3,643 94,301 SH DEFINED 2 94,301 CITRIX SYS INC COM 177376100 3,301 50,200 SH DEFINED 1 50,200 CLOROX CO DEL COM 189054109 9,189 125,500 SH DEFINED 1 125,500 COBALT INTL ENERGY INC COM 19075F106 631 25,700 SH DEFINED 1 25,700 COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 4,413 59,600 SH DEFINED 1 59,600 CONAGRA FOODS INC COM 205887102 3,865 131,000 SH DEFINED 1 131,000 CONCHO RES INC COM 20605P101 5,543 68,800 SH DEFINED 1 68,800 CONOCOPHILLIPS COM 20825C104 9,510 164,000 SH DEFINED 1 164,000 CONSOLIDATED EDISON INC COM 209115104 7,759 139,700 SH DEFINED 1 139,700 CONTINENTAL RESOURCES INC COM 212015101 4,380 59,600 SH DEFINED 1 59,600 COPART INC COM 217204106 3,357 113,800 SH DEFINED 1 113,800 COVANCE INC COM 222816100 2,461 42,600 SH DEFINED 1 42,600 BARD C R INC COM 067383109 4,760 48,700 SH DEFINED 1 48,700 CREE INC COM 225447101 581 17,100 SH DEFINED 1 17,100 CROWN CASTLE INTL CORP COM 228227104 9,273 128,500 SH DEFINED 1 128,500 CROWN HOLDINGS INC COM 228368106 9,368 254,500 SH DEFINED 1 254,500 DAVITA HEALTHCARE PARTNERS I COM 23918K108 6,400 57,900 SH DEFINED 1 57,900 DIGITAL RLTY TR INC COM 253868103 2,132 31,400 SH DEFINED 1 31,400 DIRECTV COM 25490A309 14,511 289,300 SH DEFINED 1 289,300 DISCOVERY COMMUNICATNS NEW COM SER A 25470F104 6,272 98,800 SH DEFINED 1 98,800

DISCOVERY COMMUNICATNS NEW COM SER C 25470F302 5,060 86,500 SH DEFINED 1 86,500 DOLLAR GEN CORP NEW COM 256677105 2,103 47,700 SH DEFINED 1 47,700 DOLLAR TREE INC COM 256746108 6,863 169,200 SH DEFINED 1 169,200 DOMINION RES INC VA NEW COM 25746U109 5,543 107,000 SH DEFINED 1 107,000 DRESSER-RAND GROUP INC COM 261608103 2,897 51,600 SH DEFINED 1 51,600 DUKE ENERGY CORP NEW COM NEW 26441C204 11,227 175,978 SH DEFINED 1 175,978 DUN & BRADSTREET CORP DEL NE COM 26483E100 3,107 39,500 SH DEFINED 1 39,500 EBAY INC COM 278642103 12,061 236,400 SH DEFINED 1 236,400 EDISON INTL COM 281020107 1,387 30,700 SH DEFINED 1 30,700 EDWARDS LIFESCIENCES CORP COM 28176E108 5,203 57,700 SH DEFINED 1 57,700 LILLY ELI & CO COM 532457108 6,999 141,900 SH DEFINED 1 141,900 E M C CORP MASS COM 268648102 19,415 767,400 SH DEFINED 1 767,400 EMERSON ELEC CO COM 291011104 8,876 167,600 SH DEFINED 1 167,600 ENDO HEALTH SOLUTIONS INC COM 29264F205 5,254 200,000 SH DEFINED 1 200,000 ENGILITY HLDGS INC COM 29285W104 234 12,133 SH DEFINED 1 12,133 ENTERGY CORP NEW COM 29364G103 4,558 71,500 SH DEFINED 1 71,500 EQUINIX INC COM NEW 29444U502 2,722 13,200 SH DEFINED 1 13,200 EXELON CORP COM 30161N101 2,813 94,600 SH DEFINED 1 94,600 EXPRESS SCRIPTS HLDG CO COM 30219G108 9,621 178,164 SH DEFINED 1 178,164 EXXON MOBIL CORP COM 30231G102 5,444 62,900 SH DEFINED 1 62,900 F5 NETWORKS INC COM 315616102 2,128 21,900 SH DEFINED 1 21,900 FAMILY DLR STORES INC COM 307000109 6,417 101,200 SH DEFINED 1 101,200 FIDELITY NATL INFORMATION SV COM 31620M106 1,372 39,400 SH DEFINED 1 39,400 FISERV INC COM 337738108 17,355 219,600 SH DEFINED 1 219,600 FLOWERS FOODS INC COM 343498101 1,082 46,500 SH DEFINED 1 46,500 FMC TECHNOLOGIES INC COM 30249U101 4,960 115,800 SH DEFINED 1 115,800 FOREST LABS INC COM 345838106 5,146 145,700 SH DEFINED 1 145,700 FRONTIER COMMUNICATIONS CORP COM 35906A108 2,018 471,500 SH DEFINED 1 471,500 GENERAL MLS INC COM 370334104 4,802 118,800 SH DEFINED 1 118,800 GILEAD SCIENCES INC COM 375558103 4,348 118,400 SH DEFINED 1 118,400 GLOBALSTAR INC COM 378973408 1,267 4,154,400 SH SOLE 4,154,400 GOOGLE INC CL A 38259P508 21,849 30,800 SH DEFINED 1 30,800 GREEN MTN COFFEE ROASTERS IN COM 393122106 1,415 34,200 SH DEFINED 1 34,200 HEALTH CARE REIT INC COM 42217K106 3,610 58,900 SH DEFINED 1 58,900 SCHEIN HENRY INC COM 806407102 7,330 91,100 SH DEFINED 1 91,100 HERSHEY CO COM 427866108 8,999 124,600 SH DEFINED 1 124,600 HEINZ H J CO COM 423074103 5,053 87,600 SH DEFINED 1 87,600 HONEYWELL INTL INC COM 438516106 7,331 115,500 SH DEFINED 1 115,500 HUDSON CITY BANCORP COM 443683107 2,754 338,800 SH DEFINED 1 338,800 IDEXX LABS INC COM 45168D104 2,320 25,000 SH DEFINED 1 25,000 IHS INC CL A 451734107 4,176 43,500 SH DEFINED 1 43,500 INTERCONTINENTALEXCHANGE INC COM 45865V100 6,166 49,800 SH DEFINED 1 49,800 INTERNATIONAL BUSINESS MACHS COM 459200101 3,276 17,100 SH DEFINED 1 17,100 INTUITIVE SURGICAL INC COM NEW 46120E602 6,473 13,200 SH DEFINED 1 13,200 INVENSENSE INC COM 46123D205 41,557 3,740,528 SH SOLE 3,740,528 ISHARES TR S&P MC 400 GRW 464287606 80,087 700,000 SH SOLE 700,000 JOHNSON & JOHNSON COM 478160104 12,204 174,100 SH DEFINED 1 174,100 KELLOGG CO COM 487836108 9,053 162,100 SH DEFINED 1 162,100 KIMBERLY CLARK CORP COM 494368103 5,792 68,600 SH DEFINED 1 68,600 KINDER MORGAN MANAGEMENT LLC SHS 49455U100 6,603 87,497 SH DEFINED 1 87,497 KIRBY CORP COM 497266106 4,035 65,200 SH DEFINED 1 65,200 KRAFT FOODS GROUP INC COM ADDED 50076Q106 1,945 42,766 SH DEFINED 1 42,766 KROGER CO COM 501044101 5,199 199,800 SH DEFINED 1 199,800 L-3 COMMUNICATIONS HLDGS INC COM 502424104 5,578 72,800 SH DEFINED 1 72,800 LABORATORY CORP AMER HLDGS COM NEW 50540R409 5,743 66,300 SH DEFINED 1 66,300 LIBERTY MEDIA CORPORATION LIB CAP COM A 530322106 6,605 56,932 SH DEFINED 1 56,932 LKQ CORP COM 501889208 5,646 267,600 SH DEFINED 1 267,600 LORILLARD INC COM 544147101 4,643 119,400 SH DEFINED 1 119,400 LULULEMON ATHLETICA INC COM 550021109 2,089 27,400 SH DEFINED 1 27,400 MARKEL CORP COM 570535104 10,662 24,600 SH DEFINED 1 24,600 MCCORMICK & CO INC COM NON VTG 579780206 4,974 78,300 SH DEFINED 1 78,300 MCDONALDS CORP COM 580135101 5,054 57,300 SH DEFINED 1 57,300 MEDTRONIC INC COM 585055106 11,531 281,100 SH DEFINED 1 281,100 MERCK & CO INC NEW COM 58933Y105 6,047 147,700 SH DEFINED 1 147,700 MERCURY GENL CORP NEW COM 589400100 1,389 35,000 SH DEFINED 1 35,000 METTLER TOLEDO INTERNATIONAL COM 592688105 7,732 40,000 SH DEFINED 1 40,000 MICROSOFT CORP COM 594918104 9,031 338,100 SH DEFINED 1 338,100 MOLSON COORS BREWING CO CL B 60871R209 4,489 104,900 SH DEFINED 1 104,900 MONDELEZ INTL INC CL A 609207105 3,266 128,300 SH DEFINED 1 128,300 MONSTER BEVERAGE CORP COM 611740101 9,561 180,800 SH DEFINED 1 180,800 NAVISTAR INTL CORP NEW COM 63934E108 46 2,100 SH DEFINED 1 2,100 NEW YORK CMNTY BANCORP INC COM 649445103 1,106 85,500 SH DEFINED 1 85,500 NEWMONT MINING CORP COM 651639106 3,172 68,300 SH DEFINED 1 68,300 NEXTERA ENERGY INC COM 65339F101 5,092 73,600 SH DEFINED 1 73,600 NIELSEN HOLDINGS N V COM N63218106 297 9,700 SH DEFINED 1 9,700 NORTHEAST UTILS COM 664397106 1,877 48,019 SH DEFINED 1 48,019 NQ MOBILE INC ADR REPSTG CL A 64118U108 1,644 272,266 SH SOLE 272,266 NVR INC COM 62944T105 5,520 6,000 SH DEFINED 1 6,000 ONYX PHARMACEUTICALS INC COM 683399109 498 6,600 SH DEFINED 1 6,600 O REILLY AUTOMOTIVE INC NEW COM 67103H107 8,057 90,100 SH DEFINED 1 90,100 PG&E CORP COM 69331C108 5,473 136,200 SH DEFINED 1 136,200 PANERA BREAD CO CL A 69840W108 4,479 28,200 SH DEFINED 1 28,200 PARTNERRE LTD COM G6852T105 2,374 29,500 SH DEFINED 1 29,500 PATTERSON COMPANIES INC COM 703395103 4,522 132,100 SH DEFINED 1 132,100 PEOPLES UNITED FINANCIAL INC COM 712704105 3,690 305,200 SH DEFINED 1 305,200 PEPCO HOLDINGS INC COM 713291102 1,114 56,800 SH DEFINED 1 56,800 PEPSICO INC COM 713448108 4,968 72,600 SH DEFINED 1 72,600 PFIZER INC COM 717081103 12,878 513,474 SH DEFINED 1 513,474 PHILIP MORRIS INTL INC COM 718172109 10,614 126,900 SH DEFINED 1 126,900 POST HLDGS INC COM 737446104 707 20,650 SH DEFINED 1 20,650 PPL CORP COM 69351T106 5,508 192,400 SH DEFINED 1 192,400 PRICELINE COM INC COM NEW 741503403 7,827 12,600 SH DEFINED 1 12,600 PROCTER & GAMBLE CO COM 742718109 4,807 70,800 SH DEFINED 1 70,800 QUANTA SVCS INC COM 74762E102 1,386 50,800 SH DEFINED 1 50,800 QUEST DIAGNOSTICS INC COM 74834L100 1,806 31,000 SH DEFINED 1 31,000 RALCORP HLDGS INC NEW COM 751028101 6,132 68,400 SH DEFINED 1 68,400 RAYTHEON CO COM NEW 755111507 11,328 196,800 SH DEFINED 1 196,800 REALTY INCOME CORP COM 756109104 6,430 159,900 SH DEFINED 1 159,900 REGENERON PHARMACEUTICALS COM 75886F107 565 3,300 SH DEFINED 1 3,300 REYNOLDS AMERICAN INC COM 761713106 8,087 195,200 SH DEFINED 1 195,200 ROSS STORES INC COM 778296103 5,982 110,600 SH DEFINED 1 110,600 SALESFORCE COM INC COM 79466L302 4,572 27,200 SH DEFINED 1 27,200 SALLY BEAUTY HLDGS INC COM 79546E104 4,375 185,600 SH DEFINED 1 185,600 SANDISK CORP COM 80004C101 2,047 47,000 SH DEFINED 1 47,000 SBA COMMUNICATIONS CORP COM 78388J106 312 4,400 SH DEFINED 1 4,400 SCANA CORP NEW COM 80589M102 5,180 113,500 SH DEFINED 1 113,500 SEMPRA ENERGY COM 816851109 3,065 43,200 SH DEFINED 1 43,200 SOUTHERN CO COM 842587107 8,352 195,100 SH DEFINED 1 195,100 SOUTHWESTERN ENERGY CO COM 845467109 1,711 51,200 SH DEFINED 1 51,200 STERICYCLE INC COM 858912108 8,758 93,900 SH DEFINED 1 93,900 SUPERMEDIA INC COM 868447103 28 8,048 SH DEFINED 3 8,048 SYSCO CORP COM 871829107 5,154 162,800 SH DEFINED 1 162,800 TARGET CORP COM 87612E106 6,840 115,600 SH DEFINED 1 115,600 TERADATA CORP DEL COM 88076W103 2,705 43,700 SH DEFINED 1 43,700 TEREX CORP NEW COM 880779103 2,001 71,200 SH DEFINED 1 71,200 TJX COS INC NEW COM 872540109 7,072 166,600 SH DEFINED 1 166,600 TRAVELERS COMPANIES INC COM 89417E109 13,294 185,100 SH DEFINED 1 185,100 TRIMBLE NAVIGATION LTD COM 896239100 2,786 46,600 SH DEFINED 1 46,600 TRW AUTOMOTIVE HLDGS CORP COM 87264S106 3,340 62,300 SH DEFINED 1 62,300 UNDER ARMOUR INC CL A 904311107 1,310 27,000 SH DEFINED 1 27,000 UNITED CONTL HLDGS INC COM 910047109 648 27,700 SH DEFINED 1 27,700 UNITEDHEALTH GROUP INC COM 91324P102 9,449 174,200 SH DEFINED 1 174,200 UNITED STATES CELLULAR CORP COM 911684108 233 6,600 SH DEFINED 1 6,600 VALIDUS HOLDINGS LTD COM SHS G9319H102 3,337 96,500 SH DEFINED 1 96,500 VANGUARD INTL EQUITY INDEX F MSCI EMR MKT ETF 922042858 206,313 4,633,127 SH SOLE 4,633,127 VANGUARD INDEX FDS GROWTH ETF 922908736 226,748 3,185,558 SH SOLE 3,185,558 VANGUARD INDEX FDS MCAP GR IDXVIP 922908538 68,580 1,000,000 SH SOLE 1,000,000 VANGUARD INDEX FDS SML CP GRW ETF 922908595 106,836 1,200,000 SH SOLE 1,200,000 VANGUARD INDEX FDS VALUE ETF 922908744 187,040 3,180,944 SH SOLE 3,180,944 VERISIGN INC COM 92343E102 221 5,700 SH DEFINED 1 5,700 VERISK ANALYTICS INC CL A 92345Y106 4,106 80,500 SH DEFINED 1 80,500 VERIZON COMMUNICATIONS INC COM 92343V104 11,397 263,400 SH DEFINED 1 263,400 VMWARE INC CL A COM 928563402 2,372 25,200 SH DEFINED 1 25,200 WABCO HLDGS INC COM 92927K102 1,767 27,100 SH DEFINED 1 27,100 WALGREEN CO COM 931422109 11,344 306,500 SH DEFINED 1 306,500 WAL-MART STORES INC COM 931142103 11,640 170,600 SH DEFINED 1 170,600 WASTE MGMT INC DEL COM 94106L109 3,455 102,400 SH DEFINED 1 102,400 WATERS CORP COM 941848103 3,101 35,600 SH DEFINED 1 35,600 WATSON PHARMACEUTICALS INC COM 942683103 2,520 29,300 SH DEFINED 1 29,300 WEATHERFORD INTERNATIONAL LT REG SHS H27013103 633 56,600 SH DEFINED 1 56,600 WELLPOINT INC COM 94973V107 10,478 172,000 SH DEFINED 1 172,000 WELLS FARGO & CO NEW COM 949746101 12,059 352,800 SH DEFINED 1 352,800 WELLS FARGO & CO NEW PERP PFD CNV A 949746804 9,188 7,500 SH DEFINED 2 7,500 WHITE MTNS INS GROUP LTD COM G9618E107 2,627 5,100 SH DEFINED 1 5,100 WHITING PETE CORP NEW COM 966387102 2,515 58,000 SH DEFINED 1 58,000 WINDSTREAM CORP COM 97381W104 3,940 475,900 SH DEFINED 1 475,900 WISCONSIN ENERGY CORP COM 976657106 6,217 168,700 SH DEFINED 1 168,700 BERKLEY W R CORP COM 084423102 5,653 149,800 SH DEFINED 1 149,800 XCEL ENERGY INC COM 98389B100 5,078 190,100 SH DEFINED 1 190,100 ZEBRA TECHNOLOGIES CORP CL A 989207105 2,006 51,070 SH DEFINED 1 51,070