Stock	Country	Symbol	Industry	Current Shares	Current Value	Value Chng.	Return	Activity	Shares Chng.	Shares Chg.%	Results
Actuate Corp (ACTU)	US	ACTU	Applications Softw ...	None	-	-	- %	Sold All	-14,957	-100.00
Acuity Brands Inc (AYI)	US	AYI	Diversified Manufa ...	12,546			%	New Holding	12,546	100.00
Advanced Micro Devices Inc (AMD)	US	AMD	Electronic Compo-S ...	None	-	-	- %	Sold All	-3,820	-100.00
Advanced Technology Acquisition C ... (AXC)	US	AXC	Specified Purpose ...	None	-	-	- %	Sold All	-1,250,000	-100.00
Agilent Technologies Inc (A)	US	A	Electronic Measur ...	9,432			%	New Holding	9,432	100.00
Aldabra 2 Acquisition Corp (AII)	US	AII	Paper&Related Prod ...	None	-	-	- %	Sold All	-500,000	-100.00
Alliance Data Sys Corp (ADS)	US	ADS	Commercial Service ...	None	-	-	- %	Sold All	-199,889	-100.00
Alliance Imaging Inc (AIQ)	US	AIQ	Mri/Medical Diag I ...	None	-	-	- %	Sold All	-23,070	-100.00
Alliancebernstein Hldg L P (W4M.BE)	US	W4M.BE	Invest Mgmnt/Advis ...	4,460			%	New Holding	4,460	100.00
Alpha Nat Res Inc (ANR)	US	ANR	Coal	None	-	-	- %	Sold All	-11,244	-100.00
Ambac Finl Group Inc (ABK)	US	ABK	Financial Guarante ...	None	-	-	- %	Sold All	-184,600	-100.00
American Superconductor Corp (AMSC)	US	AMSC	Superconductor Pro ...	None	-	-	- %	Sold All	-12,480	-100.00
Amkor Technology Inc (AMKR)	US	AMKR	Electronic Compo-S ...	None	-	-	- %	Sold All	-27,383	-100.00
Ariba Inc (ARBA)	US	ARBA	B2b/E-Commerce	None	-	-	- %	Sold All	-16,100	-100.00
Art Technology Group Inc (ARTG)	US	ARTG	Internet Applic Sf ...	10,300			%	New Holding	10,300	100.00
Aspen Technology Inc (AZPN)	US	AZPN	Computer Aided Des ...	None	-	-	- %	Sold All	-19,900	-100.00
Audible Inc (ADBL)	US	ADBL	Internet Content-E ...	None	-	-	- %	Sold All	-22,412	-100.00
Banco Bilbao Vizcaya Argentaria S ... (BBV)	CH	BBV	Commer Banks Non-U ...	None	-	-	- %	Sold All	-11,640	-100.00
Bank New York Mellon Corp (BK)	US	BK	-	None	-	-	- %	Sold All	-11,118	-100.00
Barrick Gold Corporation (ABX)	CA	ABX	Gold Mining	None	-	-	- %	Sold All	-10,157	-100.00
Biogen Idec Inc (BIIB)	US	BIIB	Medical-Biomedical ...	None	-	-	- %	Sold All	-68,000	-100.00
Boardwalk Pipeline Partners Lp (BWP)	US	BWP	Pipelines	None	-	-	- %	Sold All	-10,222	-100.00
Brinker Intl Inc (EAT)	US	EAT	Retail-Restaurants	16,171			%	New Holding	16,171	100.00
Bristol Myers Squibb Co (BRM.BE)	US	BRM.BE	Medical-Drugs	19,020			%	New Holding	19,020	100.00
Broadridge Finl Solutions Inc (BR)	US	BR	Data Processing/Mg ...	None	-	-	- %	Sold All	-15,000	-100.00
Brookfield Asset Mgmt Inc (BAM)	CA	BAM	Real Estate Oper/D ...	14,047			%	Added More	4,006	39.89
Brooks Automation Inc (BRKS)	US	BRKS	Semiconductor Equi ...	None	-	-	- %	Sold All	-13,833	-100.00
Brown Shoe Inc (BWS)	US	BWS	Retail-Apparel/Sho ...	15,584			%	New Holding	15,584	100.00
Cadence Design Sys Inc (CDNS)	US	CDNS	Electronic Design ...	13,566			%	New Holding	13,566	100.00
Campbell Soup Co (CPB)	US	CPB	Food-Misc/Diversif ...	17,648			%	Added More	3,611	25.72
Canadian National Railway Co (CNI)	CA	CNI	Transport-Rail	6,325			%	New Holding	6,325	100.00
Cardinal Health Inc (CAH)	US	CAH	Medical-Whsle Drug ...	204,500			%	New Holding	204,500	100.00
Career Ed Corp (CECO)	US	CECO	Schools	13,401			%	New Holding	13,401	100.00
Carter Inc (CRI)	US	CRI	Apparel Manufactur ...	19,440			%	New Holding	19,440	100.00
Cathay Gen Bancorp (CATY)	US	CATY	Commer Banks-Weste ...	11,747			%	New Holding	11,747	100.00
Cb Richard Ellis Group Inc (CBG)	US	CBG	Real Estate Mgmnt/ ...	21,299			%	New Holding	21,299	100.00
Celanese Ag (CE)	CH	CE	Chemicals-Diversif ...	10,423			%	New Holding	10,423	100.00
Celestica Inc (CLS)	CA	CLS	Electronic Compo-M ...	None	-	-	- %	Sold All	-16,262	-100.00
Centennial Communications Corpnew (CYCL)	US	CYCL	Cellular Telecom	11,114			%	New Holding	11,114	100.00
Centerpoint Energy Inc (CNPZP.PK)	US	CNPZP.PK	-	None	-	-	- %	Sold All	-11,311	-100.00
Chemtura Corp (CEM)	US	CEM	Chemicals-Specialt ...	None	-	-	- %	Sold All	-19,345	-100.00
Chubb Corp (CB)	US	CB	Property/Casualty ...	13,392			%	New Holding	13,392	100.00
Cigna Corp (CI)	US	CI	Life/Health Insura ...	14,192			%	New Holding	14,192	100.00
Cintas Corp (CTAS)	US	CTAS	Linen Supply&Rel I ...	12,511			%	New Holding	12,511	100.00
Citizens Communications Co (YC5.BE)	US	YC5.BE	Telephone-Integrat ...	None	-	-	- %	Sold All	-13,999	-100.00
Clear Channel Communicationsinc (CCU)	US	CCU	Broadcast Serv/Pro ...	None	-	-	- %	Sold All	-12,684	-100.00
Clear Channel Outdoor Hldgs Inc (CCO)	US	CCO	Advertising Sales	None	-	-	- %	Sold All	-11,757	-100.00
Cme Group Inc (MX4A.BE)	US	MX4A.BE	Finance-Other Serv ...	2,802			%	Sold Some	-12,900	-82.15
Cms Energy Corp (CMS)	US	CMS	Electric-Integrate ...	21,548			%	New Holding	21,548	100.00
Cna Finl Corp (CNA)	US	CNA	Multi-Line Insuran ...	17,676			%	New Holding	17,676	100.00
Coeur D Alene Mines Corp Idaho (CDE)	US	CDE	Precious Metals	10,100			%	New Holding	10,100	100.00
Cognizant Technology Solutionscor ... (CTSH)	US	CTSH	Computer Services	204,000			%	Added More	4,000	2.00
Columbia Sportswear Co (COLM)	US	COLM	Retail-Apparel/Sho ...	8,633			%	New Holding	8,633	100.00
Columbus Acquisition Corp (BUS)	US	BUS	Specified Purpose ...	500,000			%	No Change	-	-	-
Commercial Metals Co (CMC)	US	CMC	Metal Processors&F ...	13,109			%	New Holding	13,109	100.00
Companhia Vale Do Rio Doce (RIO)	US	RIO	Diversified Minera ...	None	-	-	- %	Sold All	-110,000	-100.00
Compuware Corp (CPWR)	US	CPWR	Applications Softw ...	31,891			%	Added More	13,696	75.27
Con Way Inc (CTR.BE)	US	CTR.BE	Transport-Truck	8,056			%	New Holding	8,056	100.00
Copart Inc (CPRT)	US	CPRT	Retail-Automobile	None	-	-	- %	Sold All	-14,548	-100.00
Corinthian Colleges Inc (COCO)	US	COCO	Schools	50,697			%	Added More	39,084	336.55
Corporate Executive Brd Co (EXBD)	US	EXBD	Consulting Service ...	6,396			%	New Holding	6,396	100.00
Countrywide Finl Corp (CFC)	US	CFC	Finance-Mtge Loan/ ...	100,030			%	Sold Some	-520,897	-83.89
Crocs Inc (CROX)	US	CROX	Footwear&Related A ...	15,083			%	New Holding	15,083	100.00
Csg Sys Intl Inc (CSGS)	US	CSGS	Data Processing/Mg ...	13,986			%	New Holding	13,986	100.00
Csk Auto Corp (CAO)	US	CAO	Retail-Auto Parts	341,750			%	New Holding	341,750	100.00
Cybersource Corp (CYBS)	US	CYBS	Internet Applic Sf ...	None	-	-	- %	Sold All	-18,800	-100.00
Davita Inc (DVA)	US	DVA	Dialysis Centers	714,968			%	New Holding	714,968	100.00
Deckers Outdoor Corp (DECK)	US	DECK	Footwear&Related A ...	2,478			%	New Holding	2,478	100.00
Diebold Inc (DBD)	US	DBD	Computers-Integrat ...	6,199			%	New Holding	6,199	100.00
Dominion Res Inc Va (D)	US	D	Electric-Integrate ...	16,117			%	New Holding	16,117	100.00
Domtar Corp (G2K.BE)	US	G2K.BE	Paper&Related Prod ...	38,728			%	New Holding	38,728	100.00
Dst Sys Inc (DST)	US	DST	Computer Services	82,369			%	Sold Some	-222,349	-72.96
Dte Energy Co (DTE-A)	US	DTE-A	Electric-Integrate ...	10,746			%	New Holding	10,746	100.00
Du Pont E I De Nemours And Co (DD)	US	DD	Chemicals-Diversif ...	None	-	-	- %	Sold All	-10,216	-100.00
Duke Energy Corp (DUK)	US	DUK	Electric-Integrate ...	None	-	-	- %	Sold All	-41,957	-100.00
Durect Corp (DRRX)	US	DRRX	Medical-Drugs	None	-	-	- %	Sold All	-23,879	-100.00
Dynegy Inc (DYN)	US	DYN	Independ Power Pro ...	10,193			%	Sold Some	-8,582	-45.70
East West Bancorp Inc (EWBC)	US	EWBC	Commer Banks-Weste ...	14,843			%	New Holding	14,843	100.00
Eastman Kodak Co (EK)	US	EK	Photo Equipment&Su ...	64,400			%	Sold Some	-91,320	-58.64
Electronic Data Sys Corp (EDS)	US	EDS	Computer Services	25,316			%	Sold Some	-14,448	-36.33
Emc Corp (EMC)	US	EMC	Computers-Memory D ...	None	-	-	- %	Sold All	-14,399	-100.00
Emcore Corp (EMKR)	US	EMKR	Electronic Compo-S ...	None	-	-	- %	Sold All	-22,280	-100.00
Employers Hldgs Inc (EIG)	US	EIG	Property/Casualty ...	None	-	-	- %	Sold All	-200,000	-100.00
Encore Acquisition Co (EAC)	US	EAC	Oil Comp-Explor&Pr ...	None	-	-	- %	Sold All	-12,107	-100.00
Energy Conversion Devices Inc (ENER)	US	ENER	Batteries/Battery ...	7,000			%	New Holding	7,000	100.00
Eog Res Inc (EOG)	US	EOG	Oil Comp-Explor&Pr ...	3,100			%	New Holding	3,100	100.00
Equifax Inc (EFX)	US	EFX	Commercial Serv-Fi ...	16,439			%	New Holding	16,439	100.00
Fair Isaac Corporation (FIC)	US	FIC	Data Processing/Mg ...	14,592			%	New Holding	14,592	100.00
Family Dlr Stores Inc (FDO)	US	FDO	Retail-Discount	30,466			%	Added More	19,928	189.10
Fidelity Natl Finl Inc (FNF)	US	FNF	Property/Casualty ...	None	-	-	- %	Sold All	-16,457	-100.00
Fifth Third Bancorp (FITB)	US	FITB	Super-Regional Ban ...	10,632			%	New Holding	10,632	100.00
First Cmnty Bancorp Calif (FCBP)	US	FCBP	Commer Banks-Weste ...	9,509			%	New Holding	9,509	100.00
First Consulting Group Inc (FCGI)	US	FCGI	Consulting Service ...	None	-	-	- %	Sold All	-11,028	-100.00
First Marblehead Corp (FMD)	US	FMD	Finance-Consumer L ...	None	-	-	- %	Sold All	-272,599	-100.00
Fiserv Inc (FISV)	US	FISV	Data Processing/Mg ...	None	-	-	- %	Sold All	-572,000	-100.00
Flir Sys Inc (FLIR)	US	FLIR	Electronic Measur ...	None	-	-	- %	Sold All	-15,740	-100.00
Focus Media Holding Limited (FMCN)	KY	FMCN	Advertising Sales	None	-	-	- %	Sold All	-74,260	-100.00
Forest City Enterprises Inc (FCE.A)	US	FCE.A	Real Estate Oper/D ...	11,595			%	New Holding	11,595	100.00
Forest Labs Inc (FQX.BE)	US	FQX.BE	Medical-Drugs	9,291			%	New Holding	9,291	100.00
Fresh Del Monte Produce Inc (FDP)	KY	FDP	Food-Wholesale/Dis ...	None	-	-	- %	Sold All	-11,402	-100.00
Frontier Oil Corp (FTO)	US	FTO	Oil Refining&Marke ...	11,040			%	New Holding	11,040	100.00
Furniture Brands Intl Inc (FBN)	US	FBN	Home Furnishings	150,000			%	New Holding	150,000	100.00
Gammon Gold Inc (GL7.BE)	CA	GL7.BE	Precious Metals	None	-	-	- %	Sold All	-1,003,000	-100.00
Gap Inc (GPS)	US	GPS	Retail-Apparel/Sho ...	21,230			%	Sold Some	-4,339	-16.96
Gemstar Tv Guide Intl Inc (GMST)	US	GMST	Multimedia	None	-	-	- %	Sold All	-21,820	-100.00
Genentech Inc (DNA)	US	DNA	Medical-Biomedical ...	3,200			%	New Holding	3,200	100.00
General Mtrs Corp (GM)	US	GM	Auto-Cars/Light Tr ...	102,154			%	New Holding	102,154	100.00
Genuine Parts Co (GPC)	US	GPC	Distribution/Whole ...	17,675			%	New Holding	17,675	100.00
Glg Partners Inc (GLG)	US	GLG	Invest Mgmnt/Advis ...	None	-	-	- %	Sold All	-673,793	-100.00
Global Bpo Svcs Corp (OOO)	US	OOO	Specified Purpose ...	1,250,000			%	New Holding	1,250,000	100.00
Global Consumer Acquisition Corp (GHC)	US	GHC	Specified Purpose ...	1,500,000			%	New Holding	1,500,000	100.00
Global Inds Ltd (GLBL)	US	GLBL	Oil-Field Services	None	-	-	- %	Sold All	-15,801	-100.00
Global Sources Ltd (GSOL)	US	GSOL	B2b/E-Commerce	None	-	-	- %	Sold All	-11,162	-100.00
Golar Lng Limited (GLNG)	BM	GLNG	Transport-Marine	None	-	-	- %	Sold All	-10,660	-100.00
Golden Pond Healthcare Inc (GPH)	US	GPH	Specified Purpose ...	1,000,000			%	New Holding	1,000,000	100.00
Grainger W W Inc (GWW)	US	GWW	Distribution/Whole ...	5,157			%	New Holding	5,157	100.00
Granahan Mccourt Acquisition Corp (GHN)	US	GHN	Specified Purpose ...	1,275,000			%	No Change	-	-	-
Gsc Acquisition Co (GGA)	US	GGA	Specified Purpose ...	500,000			%	No Change	-	-	-
Gymboree Corp (GYMB)	US	GYMB	Retail-Apparel/Sho ...	6,504			%	New Holding	6,504	100.00
Harley Davidson Inc (HAR.BE)	US	HAR.BE	Motorcycle/Motor S ...	14,209			%	New Holding	14,209	100.00
Harmonic Inc (HLIT)	US	HLIT	Telecom Eq Fiber O ...	None	-	-	- %	Sold All	-10,760	-100.00
Hartford Finl Svcs Group Inc (HIG)	US	HIG	Multi-Line Insuran ...	8,714			%	New Holding	8,714	100.00
Hasbro Inc (HAS)	US	HAS	Toys	13,998			%	New Holding	13,998	100.00
Hecla Mng Co (HL-B)	US	HL-B	Metal-Diversified	None	-	-	- %	Sold All	-20,656	-100.00
Heinz H J Co (HJH.BE)	US	HJH.BE	Food-Misc/Diversif ...	4,300			%	New Holding	4,300	100.00
Hercules Offshore Inc (HERO)	US	HERO	Oil-Field Services	None	-	-	- %	Sold All	-13,505	-100.00
Highlands Acquisition Corp (HIA)	US	HIA	Specified Purpose ...	250,000			%	No Change	-	-	-
Home Depot Inc (HD)	US	HD	Retail-Building Pr ...	18,637			%	Added More	7,198	62.92
Horizon Lines Inc (HRZ)	US	HRZ	Transport-Marine	166,884			%	Sold Some	-381,212	-69.55
Hospira Inc (HSP)	US	HSP	Drug Delivery Syst ...	11,402			%	New Holding	11,402	100.00
Hudson City Bancorp Inc (HCBK)	US	HCBK	S&L/Thrifts-Easter ...	None	-	-	- %	Sold All	-21,920	-100.00
Humana Inc (HUM)	US	HUM	Medical-Hmo	251,072			%	New Holding	251,072	100.00
Hunt J B Trans Svcs Inc (JBHT)	US	JBHT	Transport-Truck	12,900			%	New Holding	12,900	100.00
Huntington Bancshares Inc (HBAN)	US	HBAN	Super-Regional Ban ...	37,313			%	Added More	16,941	83.15
Idex Corp (IEX)	US	IEX	Machinery-General ...	9,370			%	New Holding	9,370	100.00
Illumina Inc (ILMN)	US	ILMN	Medical-Biomedical ...	193,268			%	Sold Some	-245,956	-55.99
Ims Health Inc (RX)	US	RX	Medical Informatio ...	16,562			%	New Holding	16,562	100.00
Indymac Bancorp Inc (IMB)	US	IMB	Finance-Mtge Loan/ ...	None	-	-	- %	Sold All	-84,697	-100.00
Informatica (INFA)	RO	INFA	Enterprise Softwar ...	None	-	-	- %	Sold All	-12,920	-100.00
Ingersoll Rand Company Limited (IR)	BM	IR	Diversified Manufa ...	14,087			%	New Holding	14,087	100.00
Intel Corp (INTC)	US	INTC	Electronic Compo-S ...	None	-	-	- %	Sold All	-15,100	-100.00
International Coal Group Inc (ICO)	US	ICO	Coal	13,954			%	Added More	1,063	8.24
International Flavors And Fragran ... (IFF)	US	IFF	Chemicals-Specialt ...	8,833			%	New Holding	8,833	100.00
Internet Cap Group Inc (ICGE)	US	ICGE	Internet Incubator ...	112,800			%	Added More	900	0.80
Invacare Corp (IVC)	US	IVC	Medical Products	None	-	-	- %	Sold All	-23,306	-100.00
Invesco Plc (IVZ)	US	IVZ	Invest Mgmnt/Advis ...	None	-	-	- %	Sold All	-949,100	-100.00
Investorsbancorp Inc (ISBC)	US	ISBC	S&L/Thrifts-Easter ...	None	-	-	- %	Sold All	-14,760	-100.00
Itc Hldgs Corp (ITC)	US	ITC	Electric-Transmiss ...	108,000			%	Added More	28,000	35.00
J2 Global Communicatons Inc (JCOM)	US	JCOM	Internet Telephony	None	-	-	- %	Sold All	-75,000	-100.00
Jackson Hewitt Tax Svc Inc (JTX)	US	JTX	Commercial Serv-Fi ...	12,793			%	New Holding	12,793	100.00
Jetblue Awys Corp (JBLU)	US	JBLU	Airlines	260,124			%	Added More	140,183	116.87
Jos A Bank Clothiers Inc (JOSB)	US	JOSB	Retail-Apparel/Sho ...	16,728			%	New Holding	16,728	100.00
Joy Global Inc (JOYG)	US	JOYG	Machinery-Constr&M ...	6,040			%	New Holding	6,040	100.00
Kansas City Southn (KSU)	US	KSU	Transport-Rail	6,128			%	New Holding	6,128	100.00
Kinder Morgan Energy Partnersl P (KMP)	US	KMP	Pipelines	6,484			%	New Holding	6,484	100.00
Kopin Corp (KOPN)	US	KOPN	Electronic Compo-S ...	None	-	-	- %	Sold All	-16,932	-100.00
Korea Elec Pwr Corp (KOP.BE)	US	KOP.BE	Electric-Integrate ...	312,600			%	New Holding	312,600	100.00
Lauder Estee Cos Inc (EL)	US	EL	Cosmetics&Toiletri ...	8,709			%	New Holding	8,709	100.00
Liberty Media Corp (LCAPB)	US	LCAPB	Broadcast Serv/Pro ...	293,000			%	Added More	223,000	318.57
Lifepoint Hosps Inc (LPNT)	US	LPNT	Medical-Hospitals	8,074			%	New Holding	8,074	100.00
Lilly Eli And Co (LLY)	US	LLY	Medical-Drugs	9,392			%	New Holding	9,392	100.00
Lincare Hldgs Inc (LNCR)	US	LNCR	Medical-Outptnt/Ho ...	12,391			%	New Holding	12,391	100.00
Lions Gate Entertainment Corp (LGF)	CA	LGF	Motion Pictures&Se ...	609,900			%	No Change	-	-	-
Macrovision Corp (MVSN)	US	MVSN	Motion Pictures&Se ...	None	-	-	- %	Sold All	-90,000	-100.00
Marriott Intl Inc (MAR)	US	MAR	Hotels&Motels	11,743			%	New Holding	11,743	100.00
Marshall And Ilsley Corp (MI)	US	MI	Commer Banks-Centr ...	22,230			%	New Holding	22,230	100.00
Mastercard Inc (MA)	US	MA	Commercial Serv-Fi ...	386,115			%	Sold Some	-152,825	-28.35
Medco Health Solutions Inc (MHS)	US	MHS	Pharmacy Services	15,021			%	New Holding	15,021	100.00
Methanex Corporation (MEOH)	CA	MEOH	Chemicals-Specialt ...	9,009			%	New Holding	9,009	100.00
Mettler Toledo Intl Inc (MTD)	US	MTD	Instruments-Contro ...	2,324			%	New Holding	2,324	100.00
Mgi Pharma Inc (MOGN)	US	MOGN	Therapeutics	None	-	-	- %	Sold All	-18,040	-100.00
Mgm Mirage (MGM)	US	MGM	Casino Hotels	5,400			%	New Holding	5,400	100.00
Microsoft Corp (MSFT)	US	MSFT	Applications Softw ...	None	-	-	- %	Sold All	-37,140	-100.00
Mirant Corp (MIR)	US	MIR	Independ Power Pro ...	8,835			%	New Holding	8,835	100.00
Monsanto Co (MON)	US	MON	Agricultural Chemi ...	5,350			%	New Holding	5,350	100.00
Mosaic Co (MOS)	US	MOS	Agricultural Chemi ...	3,200			%	New Holding	3,200	100.00
Motorola Inc (MOT)	US	MOT	Wireless Equipment	None	-	-	- %	Sold All	-17,820	-100.00
Msci Inc (MXB)	US	MXB	Decision Support S ...	237,600			%	Sold Some	-287,400	-54.74
Mvc Cap Inc (MVC)	US	MVC	Investment Compani ...	50,000			%	No Change	-	-	-
Nationwide Finl Svcs Inc (NFS)	US	NFS	Life/Health Insura ...	100,000			%	New Holding	100,000	100.00
Newmont Mng Corp (NMM.BE)	US	NMM.BE	Gold Mining	15,214			%	Sold Some	-386,985	-96.21
Nicor Inc (GAS)	US	GAS	Gas-Distribution	9,922			%	New Holding	9,922	100.00
Nii Hldgs Inc (NIHD)	US	NIHD	Cellular Telecom	6,795			%	New Holding	6,795	100.00
Nike Inc (NKE)	US	NKE	Athletic Footwear	3,935			%	New Holding	3,935	100.00
Novellus Sys Inc (NVLS)	US	NVLS	Semiconductor Equi ...	27,339			%	New Holding	27,339	100.00
Nuvasive Inc (NUVA)	US	NUVA	Medical Instrument ...	None	-	-	- %	Sold All	-293,472	-100.00
Nvidia Corp (NVDA)	US	NVDA	Electronic Compo-S ...	None	-	-	- %	Sold All	-13,080	-100.00
Nvr Inc (NVR)	US	NVR	Bldg-Residential/C ...	658			%	New Holding	658	100.00
Old Rep Intl Corp (ORI)	US	ORI	Multi-Line Insuran ...	24,300			%	New Holding	24,300	100.00
Omnivision Technologies Inc (OVTI)	US	OVTI	Electronic Compo-S ...	None	-	-	- %	Sold All	-16,000	-100.00
On Semiconductor Corp (ONNN)	US	ONNN	Electronic Compo-S ...	None	-	-	- %	Sold All	-21,376	-100.00
Open Jt Stk Co Vimpelcommunicatio ... (VIP)	US	VIP	Cellular Telecom	None	-	-	- %	Sold All	-18,391	-100.00
Optionsxpress Hldgs Inc (OXPS)	US	OXPS	Finance-Invest Bnk ...	None	-	-	- %	Sold All	-13,297	-100.00
Orasure Technologies Inc (OSUR)	US	OSUR	Diagnostic Kits	None	-	-	- %	Sold All	-10,800	-100.00
Packaging Corp Amer (PKG)	US	PKG	Containers-Paper/P ...	14,029			%	New Holding	14,029	100.00
Pain Therapeutics Inc (PTIE)	US	PTIE	Medical-Drugs	None	-	-	- %	Sold All	-15,920	-100.00
Papa Johns Intl Inc (PZZA)	US	PZZA	Retail-Restaurants	17,496			%	Added More	718	4.27
Parkervision Inc (PRKR)	US	PRKR	Networking Product ...	None	-	-	- %	Sold All	-11,062	-100.00
Peoples Utd Finl Inc (PBCTD)	US	PBCTD	S&L/Thrifts-Easter ...	None	-	-	- %	Sold All	-1,270,550	-100.00
Perrigo Company (PRGO)	IL	PRGO	Medical-Generic Dr ...	None	-	-	- %	Sold All	-10,900	-100.00
Petroleo Brasileiro Sapetrobras (PBR)	US	PBR	Oil Comp-Integrate ...	None	-	-	- %	Sold All	-53,000	-100.00
Phillips Van Heusen Corp (PVH)	US	PVH	Retail-Apparel/Sho ...	11,914			%	New Holding	11,914	100.00
Pier 1 Imports Inc (PIR)	US	PIR	Retail-Home Furnis ...	10,100			%	New Holding	10,100	100.00
Pitney Bowes Inc (PBI)	US	PBI	Office Automation& ...	25,317			%	Added More	12,623	99.44
Pmc Sierra Inc (PMCS)	US	PMCS	Electronic Compo-S ...	None	-	-	- %	Sold All	-22,220	-100.00
Polo Ralph Lauren Corp (RL)	US	RL	Retail-Apparel/Sho ...	11,569			%	New Holding	11,569	100.00
Popular Inc (BPOPO)	PR	BPOPO	-	700,300			%	New Holding	700,300	100.00
Ppg Inds Inc (PPG)	US	PPG	Chemicals-Diversif ...	10,318			%	New Holding	10,318	100.00
Ppl Corp (PPL)	US	PPL	Electric-Integrate ...	14,743			%	New Holding	14,743	100.00
Priceline Com Inc (PCLN)	US	PCLN	E-Commerce/Service ...	259,600			%	Added More	172,978	199.69
Progressive Corp Oh (PGR)	US	PGR	Property/Casualty ...	25,008			%	New Holding	25,008	100.00
Qlogic Corp (QLGC)	US	QLGC	Electronic Compo-S ...	25,723			%	Added More	9,725	60.78
Qualcomm Inc (QCOM)	US	QCOM	Wireless Equipment	789,812			%	Added More	271,187	52.28
Quiksilver Inc (ZQK)	US	ZQK	Retail-Apparel/Sho ...	27,681			%	Added More	17,446	170.45
Quintana Maritime Ltd (QMARW)	MH	QMARW	-	439,811			%	New Holding	439,811	100.00
Radioshack Corp (RSH)	US	RSH	Retail-Consumer El ...	33,557			%	New Holding	33,557	100.00
Reliance Stl And Alum Co (RS)	US	RS	Steel-Producers	10,279			%	New Holding	10,279	100.00
Republic Svcs Inc (RSG)	US	RSG	Non-Hazardous Wast ...	None	-	-	- %	Sold All	-11,126	-100.00
Ruby Tuesday Inc (RT)	US	RT	Retail-Restaurants	10,972			%	New Holding	10,972	100.00
Safeco Corp (SAF)	US	SAF	Property/Casualty ...	7,171			%	New Holding	7,171	100.00
Safeway Inc (SWY)	US	SWY	Food-Retail	None	-	-	- %	Sold All	-12,050	-100.00
Saic Inc (SAI)	US	SAI	Consulting Service ...	21,185			%	Added More	431	2.07
Sara Lee Corp (SLE)	US	SLE	Food-Misc/Diversif ...	16,962			%	Sold Some	-2,932	-14.73
Scholastic Corp (SCHL)	US	SCHL	Publishing-Books	None	-	-	- %	Sold All	-19,712	-100.00
Schwab Charles Corp (SCHW)	US	SCHW	Finance-Invest Bnk ...	None	-	-	- %	Sold All	-10,000	-100.00
Scotts Miracle Gro Co (SMG)	US	SMG	Consumer Products- ...	14,586			%	New Holding	14,586	100.00
Sears Hldgs Corp (SHLD)	US	SHLD	Retail-Major Dept ...	113,200			%	New Holding	113,200	100.00
Secure Computing Corp (SCUR)	US	SCUR	Internet Security	None	-	-	- %	Sold All	-10,759	-100.00
Skechers U S A Inc (SKX)	US	SKX	Footwear&Related A ...	15,985			%	New Holding	15,985	100.00
Smart Balance Inc (SMBL)	US	SMBL	Food-Misc/Diversif ...	573,209			%	Added More	292,288	104.04
Smurfit Stone Container Corp (SSCCP)	US	SSCCP	-	13,970			%	Sold Some	-3,048	-17.91
Snap On Inc (SNA)	US	SNA	Tools-Hand Held	4,927			%	New Holding	4,927	100.00
Sonic Innovations Inc (SNCI)	US	SNCI	Medical Products	None	-	-	- %	Sold All	-21,615	-100.00
Sothebys (BID)	US	BID	Auction House/Art ...	19,458			%	New Holding	19,458	100.00
Southern Un Co (SUG)	US	SUG	Gas-Distribution	None	-	-	- %	Sold All	-14,459	-100.00
Sprint Nextel Corp (S)	US	S	Telephone-Integrat ...	24,609			%	New Holding	24,609	100.00
Standard Register Co (SR)	US	SR	Office Supplies&Fo ...	150,000			%	New Holding	150,000	100.00
Steel Dynamics Inc (STLD)	US	STLD	Steel-Producers	12,494			%	New Holding	12,494	100.00
Steris Corp (STE)	US	STE	Medical Steriliz P ...	8,295			%	New Holding	8,295	100.00
Sterling Bancshares Inc (SBIB)	US	SBIB	Commer Banks-Centr ...	None	-	-	- %	Sold All	-15,480	-100.00
Sunopta Inc (STKL)	CA	STKL	Food-Misc/Diversif ...	None	-	-	- %	Sold All	-15,989	-100.00
Supervalu Inc (SVU)	US	SVU	Food-Retail	17,252			%	New Holding	17,252	100.00
Svb Finl Group (SIVB)	US	SIVB	Commer Banks-Weste ...	None	-	-	- %	Sold All	-12,440	-100.00
Syncora Holdings (SCA)	BM	SCA	Financial Guarante ...	None	-	-	- %	Sold All	-82,000	-100.00
Tailwind Finl Inc (TNF)	US	TNF	Specified Purpose ...	1,250,000			%	No Change	-	-	-
Td Ameritrade Hldg Corp (AMTD)	US	AMTD	Finance-Invest Bnk ...	None	-	-	- %	Sold All	-10,900	-100.00
Technip (TKP)	FR	TKP	Specified Purpose ...	500,000			%	New Holding	500,000	100.00
Teco Energy Inc (TE)	US	TE	Electric-Integrate ...	34,588			%	New Holding	34,588	100.00
Teledyne Technologies Inc (TDY)	US	TDY	Aerospace/Defense	4,825			%	New Holding	4,825	100.00
Tellabs Inc (TLAB)	US	TLAB	Telecommunication ...	None	-	-	- %	Sold All	-59,426	-100.00
Tempur Pedic Intl Inc (TPX)	US	TPX	Home Furnishings	31,422			%	New Holding	31,422	100.00
Terra Industries Inc (TRA)	US	TRA	Agricultural Chemi ...	None	-	-	- %	Sold All	-11,083	-100.00
Theravance Inc (THRX)	US	THRX	Therapeutics	None	-	-	- %	Sold All	-229,800	-100.00
Thomas And Betts Corp (TNB)	US	TNB	Electronic Connect ...	7,551			%	New Holding	7,551	100.00
Thor Inds Inc (THO)	US	THO	Bldg-Mobil Home/Mf ...	13,058			%	New Holding	13,058	100.00
Timberland Co (TBL)	US	TBL	Footwear&Related A ...	17,983			%	New Holding	17,983	100.00
Titanium Metals Corp (TIE)	US	TIE	Non-Ferrous Metals	None	-	-	- %	Sold All	-343,300	-100.00
Tivo Inc (TIVO)	US	TIVO	Audio/Video Produc ...	None	-	-	- %	Sold All	-37,000	-100.00
Toreador Res Corp (TRGL)	US	TRGL	Oil Comp-Explor&Pr ...	222,221			%	Sold Some	-78,984	-26.22
Toro Co (TTC)	US	TTC	Garden Products	5,977			%	New Holding	5,977	100.00
Total Sys Svcs Inc (TSS)	US	TSS	Data Processing/Mg ...	10,921			%	New Holding	10,921	100.00
Tractor Supply Co (TSCO)	US	TSCO	Retail-Gardening P ...	5,304			%	New Holding	5,304	100.00
Triquint Semiconductor Inc (TQNT)	US	TQNT	Semicon Compo-Intg ...	18,414			%	Sold Some	-10,726	-36.80
Trustco Bk Corp N Y (TRST)	US	TRST	Commer Banks-Easte ...	None	-	-	- %	Sold All	-10,029	-100.00
Trw Automotive Hldgs Corp (TRW)	US	TRW	Auto/Trk Prts&Equi ...	14,713			%	New Holding	14,713	100.00
U S Awys Group Inc (USG1.F)	US	USG1.F	Airlines	16,875			%	New Holding	16,875	100.00
Ugi Corp (UGI)	US	UGI	Gas-Distribution	None	-	-	- %	Sold All	-15,600	-100.00
Under Armour Inc (UA)	US	UA	Retail-Apparel/Sho ...	7,108			%	New Holding	7,108	100.00
Union Pac Corp (UNP.BE)	US	UNP.BE	Transport-Rail	5,189			%	Sold Some	-16,043	-75.56
United Refng Energy Corp (URX)	US	URX	Specified Purpose ...	500,000			%	New Holding	500,000	100.00
Universal Display Corp (PANL)	US	PANL	Lighting Products& ...	None	-	-	- %	Sold All	-16,120	-100.00
Unum Group (UNM)	US	UNM	Life/Health Insura ...	18,358			%	New Holding	18,358	100.00
V F Corp (VFC)	US	VFC	Apparel Manufactur ...	3,441			%	New Holding	3,441	100.00
Vantage Energy Svcs Inc (VTG)	US	VTG	Specified Purpose ...	875,000			%	No Change	-	-	-
Vivus Inc (VVUS)	US	VVUS	Therapeutics	None	-	-	- %	Sold All	-13,600	-100.00
Volcom Inc (VLCM)	US	VLCM	Apparel Manufactur ...	12,969			%	New Holding	12,969	100.00
Votorantim Celulose E Papel Sa (VCP)	US	VCP	Paper&Related Prod ...	None <