13D Activist Fund

Fund Holdings

Asset Allocation

% Long % Net
Cash 8.33 8.33
Stocks 81.66 81.66
Bonds 0.0 0.0
Other 0.0 0.0
Foreign Bonds 0.0 0.0
Foreign Stocks 10.01 10.01
Convertible 0.0 0.0
Preferred 0.0 0.0

Updated 12.31.2012

Top 10 Holdings

Performance as of 04.30.2013

Portfolio as of 12.31.2012

Ticker YTD Return % % Net Assets
Compuware Corporation CPWR 7.82 4.14
Jack In The Box, Inc. JACK 23.74 4.03
Howard Hughes Corp HHC 29.9 3.95
General Growth Properties Inc GGP 14.41 3.92
Valeant Pharmaceuticals International Inc VRX 23.29 3.88
Gardner Denver, Inc. GDI 9.5 3.85
Corrections Corporation of America CXW 22.22 3.84
Motorola Solutions, Inc. MSI 1.71 3.82
Beam Inc BEAM 5.61 3.79
Canadian Pacific Railway Ltd CP 20.59 3.59
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