John Hussman Buys WalMart Stores Inc., Panera Bread Company, Network Appliance Inc., Sells Adobe Systems Inc., The Men's Wearhouse Inc., ON Semiconductor Corp.

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Dr. John Hussman of Hussmand Funds is one of the few who saw the crisis coming, and successfully took actions to avoid losses. We have just added him into our List of Gurus. John Hussman owns 132 stocks with a total value of $3.5 billion. These are the details of the buys and sells during the third quarter.

John Hussman buys WalMart Stores Inc., Panera Bread Company, Network Appliance Inc., ConocoPhillips, Berkshire Hathaway Inc., QLogic Corp., Applera Corp. Applied Biosystems Group, Ecolab Inc., DreamWorks Animation SKG Inc., Valero Energy Corp., Schlumberger Ltd., Agilent Technologies Inc., Tiffany & Co., Yahoo! Inc., Dell Inc., Microchip Technology Inc., Nabors Industries Ltd., Tesoro Corp., Xilinx Inc., Brocade Communications Systems Inc. New, Analog Devices Inc., St. Jude Medical Inc., Bank of America Corp., Autodesk Inc., DeVry Inc., Frontier Oil Corp., J. Crew Group Inc., Health Management Associates Inc., Schnitzer Steel Industries Inc., DPL Inc., ViroPharma Inc., Pepco Holdings Inc., Sonic Corp., Scana Corp., Consolidated Edison Inc., Barclays PLC, Pinnacle West Capital Corp., DTE Energy Company, Ameren Corp., Progenics Pharmaceuticals Inc., Cell Genesys Inc., Avant Immunotherapeutics Inc., sells Adobe Systems Inc., The Men's Wearhouse Inc., ON Semiconductor Corp., Oracle Corp., Pediatrix Medical Group Inc., The Procter & Gamble Company, Sybase Inc., Sysco Corp., The TJX Companies Inc., MettlerToledo International Inc., McDonald's Corp., Advanced Energy Industries Inc., Biogen Idec Inc, BJ's Wholesale Club Inc., BT Group plc, Hasbro Inc., Hologic Inc., Illinois Tool Works Inc., KLATencor Corp., United Technologies Corp. during the 3-months ended 09/30/2008, according to the most recent filings of his investment company .

• New Purchases: A, ABI, ADI, ADSK, AEE, AVAN, BAC, BCS, BRCD, BRK-A, CEGE, COP, DELL, DPL, DTE, DV, DWA, ECL, ED, FTO, HMA, JCG, MCHP, NBR, NTAP, PGNX, PNRA, PNW, POM, QLGC, SCG, SCHN, SLB, SONC, STJ, TIF, TSO, VLO, VPHM, WMT, XLNX, YHOO,
• Added Positions: ABX, ADM, AEM, AMGN, AMZN, APOL, ARO, ARTC, AU, AZN, BBY, BVN, CHKP, CL, CMG, FXE, GG, GOLD, GPN, INTC, KO, KSS, MATK, MSFT, NEM, NFLX, NKE, NVDA, RIMM, SBUX, SMTC, SNY, SYNA, WAT,
• Reduced Positions: FXY, KG, NTGR,
• Sold Out: ADBE, AEIS, BIIB, BJ, BT, HAS, HOLX, ITW, KLAC, MCD, MTD, MW, ONNN, ORCL, PDX, PG, SY, SYY, TJX, UTX,

For the details of John Hussman's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=John+Hussman

Added: Research in Motion Ltd. (RIMM)

John Hussman added to his holdings in Research in Motion Ltd. by 100%. His purchase prices were between $70.76 and $133.75, with an estimated average price of $113.7. The impact to his portfolio due to this purchase was 1.47%. His holdings were 1,500,000 shares as of 09/30/2008.

RESEARCH IN MOTION is a world leader in the mobile communications market and has a history of developing breakthrough wireless solutions. RIM's portfolio of award-winning products services and embedded technologies are used by thousands of organizations around the world and include the BlackBerry wireless platform the RIM Wireless Handheld product line software development tools radio-modems and software/hardware licensing agreements. Research in Motion Ltd. has a market cap of $25.86 billion; its shares were traded at around $44.8 with a P/E ratio of 14.92 and P/S ratio of 3.02. Research in Motion Ltd. had an annual average earning growth of 83.5% over the past 5 years.

Added: Best Buy Co. Inc. (BBY)

John Hussman added to his holdings in Best Buy Co. Inc. by 57.14%. His purchase prices were between $37.46 and $46.65, with an estimated average price of $41.7. The impact to his portfolio due to this purchase was 1.07%. His holdings were 2,750,000 shares as of 09/30/2008.

Best Buy operates in a single business segment selling personal computers and other home office products consumer electronics entertainment software major appliances and related accessories principally through its retail stores. They operate retail stores and commercial Websites under the brand names Best Buy Media Play On Cue Sam Goody Suncoast Magnolia Hi-Fi and Future Shop. They also operate in three segments: Best Buy Musicland and International. Best Buy Co. Inc. has a market cap of $7.96 billion; its shares were traded at around $17.63 with a P/E ratio of 6.10 and P/S ratio of 0.17. The dividend yield of Best Buy Co. Inc. stocks is 2.54%. Best Buy Co. Inc. had an annual average earning growth of 24% over the past 10 years.

Added: Barrick Gold Corp. (ABX)

John Hussman added to his holdings in Barrick Gold Corp. by 9400%. His purchase prices were between $29.57 and $49.21, with an estimated average price of $38.1. The impact to his portfolio due to this purchase was 0.99%. His holdings were 950,000 shares as of 09/30/2008.

Barrick Gold Corporation is a leading international gold producer with low-cost mines in North and South America. Barrick Gold Corp. has a market cap of $24.9 billion; its shares were traded at around $27.05 with a P/E ratio of 14.08 and P/S ratio of 3.06. The dividend yield of Barrick Gold Corp. stocks is 1.79%. Barrick Gold Corp. had an annual average earning growth of 4.2% over the past 10 years.

Added: NIKE Inc. (NKE)

John Hussman added to his holdings in NIKE Inc. by 40%. His purchase prices were between $56.05 and $67.79, with an estimated average price of $60.6. The impact to his portfolio due to this purchase was 0.96%. His holdings were 1,750,000 shares as of 09/30/2008.

Nike Inc.'s principal business activity involves the design development and worldwide marketing of high quality footwear apparel equipment and accessory products. NIKE is the one of the largest sellers of athletic footwear and athletic apparel in the world. The company sells its products to retail accounts in the United States and through a mix of independent distributors licensees and subsidiaries in numerous countries around the world. NIKE Inc. has a market cap of $24.14 billion; its shares were traded at around $47.88 with a P/E ratio of 13.66 and P/S ratio of 1.20. The dividend yield of NIKE Inc. stocks is 1.98%. NIKE Inc. had an annual average earning growth of 13.8% over the past 10 years.

Added: AstraZeneca PLC (AZN)

John Hussman added to his holdings in AstraZeneca PLC by 42.42%. His purchase prices were between $44.74 and $49.36, with an estimated average price of $46.8. The impact to his portfolio due to this purchase was 0.88%. His holdings were 2,350,000 shares as of 09/30/2008.

AstraZeneca PLC is one of the top five pharmaceutical companies in the world based on sales and is a therapeutic leader in cardiovascular gastrointestinal oncology anesthesia including pain management central nervous system (CNS) and respiratory products. They are engaged in the research development manufacture and marketing of ethical (prescription) pharmaceuticals and agricultural products and the supply of healthcare services. AstraZeneca PLC has a market cap of $53.83 billion; its shares were traded at around $34.1 with a P/E ratio of 8.86 and P/S ratio of 1.56. The dividend yield of AstraZeneca PLC stocks is 4.5%. AstraZeneca PLC had an annual average earning growth of 12.2% over the past 10 years.

Added: Netflix Inc. (NFLX)

John Hussman added to his holdings in Netflix Inc. by 165%. His purchase prices were between $27.1 and $32.87, with an estimated average price of $29.7. The impact to his portfolio due to this purchase was 0.88%. His holdings were 1,590,000 shares as of 09/30/2008.

Netflix Inc. is the largest online movie rental subscription service in the United States providing subscribers access to a comprehensive library of more than 18000 movie television and other filmed entertainment titles. The standard subscription plan allows subscribers to have three titles out at the same time with no due dates late fees or shipping charges for a monthly fee. Netflix Inc. has a market cap of $1.28 billion; its shares were traded at around $19.99 with a P/E ratio of 18.33 and P/S ratio of 0.90. Netflix Inc. had an annual average earning growth of 81.9% over the past 5 years.

Added: Newmont Mining Corp. (NEM)

John Hussman added to his holdings in Newmont Mining Corp. by 6650%. His purchase prices were between $39.66 and $51.15, with an estimated average price of $44.8. The impact to his portfolio due to this purchase was 0.74%. His holdings were 675,000 shares as of 09/30/2008.

Newmont Mining Corp. is engaged in the production of gold the exploration for gold and the acquisition and development of gold properties worldwide. The company produces gold from mines in Nevada and California and outside of the United States from operations in Peru Indonesia Mexico and Uzbekistan. Newmont Mining Corp. has a market cap of $14.58 billion; its shares were traded at around $28.79 with a P/E ratio of 26.40 and P/S ratio of 2.09. The dividend yield of Newmont Mining Corp. stocks is 1.65%. Newmont Mining Corp. had an annual average earning growth of 4.5% over the past 10 years.

Added: AgnicoEagle Mines Ltd. (AEM)

John Hussman added to his holdings in AgnicoEagle Mines Ltd. by 4350%. His purchase prices were between $47.32 and $75.58, with an estimated average price of $58.8. The impact to his portfolio due to this purchase was 0.68%. His holdings were 445,000 shares as of 09/30/2008.

Agnico-Eagle Mines Limited is an established Canadian gold producer with operations located principally in northwestern Quebec and exploration and development activities in Quebec Ontario and Nevada. Agnico-Eagle is focused on the expansion and large scale exploration program of its LaRonde Mine which is expected to result in increased gold production and expanded gold reserves. (PRESS RELEASE) AgnicoEagle Mines Ltd. has a market cap of $5.31 billion; its shares were traded at around $32.31 with a P/E ratio of 45.26 and P/S ratio of 11.49. The dividend yield of AgnicoEagle Mines Ltd. stocks is 0.54%. AgnicoEagle Mines Ltd. had an annual average earning growth of 85.8% over the past 5 years.

Added: Chipotle Mexican Grill Inc. (CMG)

John Hussman added to his holdings in Chipotle Mexican Grill Inc. by 114.29%. His purchase prices were between $56.7 and $80.77, with an estimated average price of $69.5. The impact to his portfolio due to this purchase was 0.63%. His holdings were 750,000 shares as of 09/30/2008.

Chipotle offers a focused menu of burritos tacos burrito bols and salads made from fresh high-quality raw ingredients prepared using classic cooking methods and served in a distinctive atmosphere. Through its vision of Food with Integrity Chipotle is seeking better food not only from a variety of fresh ingredients but ingredients that are sustainably grown and naturally raised with respect for the animals the land and the farmers who produce the food. Chipotle Mexican Grill Inc. has a market cap of $1.36 billion; its shares were traded at around $39.3 with a P/E ratio of 17.54 and P/S ratio of 1.01.

Added: Amgen Inc. (AMGN)

John Hussman added to his holdings in Amgen Inc. by 28%. His purchase prices were between $50.84 and $65.06, with an estimated average price of $59.3. The impact to his portfolio due to this purchase was 0.6%. His holdings were 1,600,000 shares as of 09/30/2008.

Amgen Inc. discovers develops and delivers innovative human therapeutics. A biotechnology pioneer Amgen was one of the first companies to realize the new science's promise by bringing safe and effective medicines from lab to manufacturing plant to patient. Amgen therapeutics have changed the practice of medicine helping millions of people around the world in the fight against cancer kidney disease rheumatoid arthritis and other serious illnesses. With a deep and broad pipeline of potential new medicines Amgen remains committed to advancing science to dramatically improve people's lives. Amgen Inc. has a market cap of $58.48 billion; its shares were traded at around $54.9 with a P/E ratio of 14.69 and P/S ratio of 3.88. Amgen Inc. had an annual average earning growth of 19.2% over the past 10 years.

Added: The CocaCola Company (KO)

John Hussman added to his holdings in The CocaCola Company by 21.21%. His purchase prices were between $49.68 and $55.02, with an estimated average price of $52.4. The impact to his portfolio due to this purchase was 0.53%. His holdings were 2,000,000 shares as of 09/30/2008.

The Coca-Cola Company is the world's largest beverage company and is the leading producer and marketer of soft drinks. Along with Coca-Cola recognized as the world's best-known brand The Coca-Cola Company markets four of the world's top five soft drink brands including diet Coke Fanta and Sprite. Through the world's largest distribution system consumers in nearly 200 countries enjoy The Coca-Cola Company's products at a rate of more than 1 billion servings each day. The CocaCola Company has a market cap of $101.96 billion; its shares were traded at around $44 with a P/E ratio of 17.14 and P/S ratio of 3.16. The dividend yield of The CocaCola Company stocks is 3.38%. The CocaCola Company had an annual average earning growth of 5.3% over the past 10 years.

Added: Amazon.com Inc. (AMZN)

John Hussman added to his holdings in Amazon.com Inc. by 20%. His purchase prices were between $68.54 and $86.4, with an estimated average price of $77.4. The impact to his portfolio due to this purchase was 0.52%. His holdings were 1,500,000 shares as of 09/30/2008.

Amazon.com Inc. seeks to be the world's most customer-centric company where customers can find and discover anything they may want to buy online. The company lists unique items in categories such as books music DVDs videos consumer electronics toys camera and photo items software computer and video games tools and hardware lawn and patio items kitchen products and wireless products. Amazon.com Inc. has a market cap of $17.61 billion; its shares were traded at around $37.87 with a P/E ratio of 28.16 and P/S ratio of 0.90.

Added: Waters Corp. (WAT)

John Hussman added to his holdings in Waters Corp. by 24%. His purchase prices were between $57.65 and $70.19, with an estimated average price of $65.2. The impact to his portfolio due to this purchase was 0.5%. His holdings were 1,550,000 shares as of 09/30/2008.

Waters Corporation is a holding company which owns only and all of the outstanding common stock of Waters Technologies Corporation the operating subsidiary. It operates in the analytical instrument industry with manufacturing and distribution expertise in three complementary technologies: high performance liquid chromatography instruments chromatography columns and other consumables and related service; mass spectrometry instruments that can be integrated and used along with other analytical instruments; and thermal analysis and rheology instruments. Waters Corp. has a market cap of $3.93 billion; its shares were traded at around $36.85 with a P/E ratio of 12.62 and P/S ratio of 2.27. Waters Corp. had an annual average earning growth of 14.4% over the past 10 years.

Added: Microsoft Corp. (MSFT)

John Hussman added to his holdings in Microsoft Corp. by 16.67%. His purchase prices were between $24.98 and $27.83, with an estimated average price of $26.3. The impact to his portfolio due to this purchase was 0.38%. His holdings were 3,500,000 shares as of 09/30/2008.

Microsoft develops manufactures licenses and supports a wide range of software products for a multitude of computing devices. Microsoft software includes scalable operating systems for servers personal computers and intelligent devices; server applications for client/server environments; knowledge worker productivity applications; and software development tools. The Company's online efforts include the MSN network of Internet products and services and alliances with companies involved with broadband access and various forms of digital interactivity. Microsoft Corp. has a market cap of $182.23 billion; its shares were traded at around $19.68 with a P/E ratio of 10.73 and P/S ratio of 2.86. The dividend yield of Microsoft Corp. stocks is 2.19%. Microsoft Corp. had an annual average earning growth of 10% over the past 10 years.

Added: Apollo Group Inc. (APOL)

John Hussman added to his holdings in Apollo Group Inc. by 66.67%. His purchase prices were between $55.12 and $67.39, with an estimated average price of $61.6. The impact to his portfolio due to this purchase was 0.34%. His holdings were 500,000 shares as of 09/30/2008.

Apollo Group Inc. has been providing higher education to working adults for over 25 years. They operate through their subsidiaries the University of Phoenix Inc. the Institute for Professional Development the College for Financial Planning Institutes Corporation Western International University Inc. and Apollo Learning Group Inc. Apollo Group Inc. has a market cap of $11.52 billion; its shares were traded at around $70.09 with a P/E ratio of 25.23 and P/S ratio of 3.55. Apollo Group Inc. had an annual average earning growth of 29.1% over the past 10 years.

Added: Kohl's Corp. (KSS)

John Hussman added to his holdings in Kohl's Corp. by 25%. His purchase prices were between $39.11 and $51.79, with an estimated average price of $46.8. The impact to his portfolio due to this purchase was 0.33%. His holdings were 1,250,000 shares as of 09/30/2008.

Kohl's Corporation operates family oriented specialty department stores primarily in the Midwest Mid-Atlantic and Northeast areas of the United States that feature quality national brand merchandise priced to provide exceptional value to customers. The company's stores sell moderately priced apparel shoes accessories and home products targeted to middle-income customers shopping for their families and homes. Kohl's stores feature easily accessible locations well laid out stores central checkout and good in-stock. Kohl's Corp. has a market cap of $8.78 billion; its shares were traded at around $26.15 with a P/E ratio of 9.26 and P/S ratio of 0.48. Kohl's Corp. had an annual average earning growth of 21% over the past 10 years.

Added: Archer Daniels Midland Company (ADM)

John Hussman added to his holdings in Archer Daniels Midland Company by 100%. His purchase prices were between $22.76 and $30.85, with an estimated average price of $26.5. The impact to his portfolio due to this purchase was 0.32%. His holdings were 1,000,000 shares as of 09/30/2008.

Archer Daniels Midland Company is a world leader in agricultural processing and fermentation technology. ADM is one of the world's largest processors of soybeans corn wheat and cocoa. ADM is also a leader in the production of soybean oil and meal ethanol corn sweeteners and flour. The Company works with farmers across the world to turn these crops into soymeal and oil corn sweeteners flour cocoa and chocolate ethanol and biodiesel as well as a wide portfolio of other value-added food ingredients animal nutrition and industrial products. Archer Daniels Midland Company has a market cap of $16.65 billion; its shares were traded at around $24.83 with a P/E ratio of 6.95 and P/S ratio of 0.20. The dividend yield of Archer Daniels Midland Company stocks is 2.01%. Archer Daniels Midland Company had an annual average earning growth of 16.8% over the past 10 years.

Added: NVIDIA Corp. (NVDA)

John Hussman added to his holdings in NVIDIA Corp. by 25%. His purchase prices were between $10.19 and $13.61, with an estimated average price of $11.8. The impact to his portfolio due to this purchase was 0.31%. His holdings were 5,000,000 shares as of 09/30/2008.

NVIDIA Corporation designs develops and markets a `top-to-bottom` family of award-winning 3D graphics processors graphics processing units and related software that set the standard for performance quality and features for every type of desktop personal computer user from professional workstations to low-cost computers. NVIDIA Corporation's 3D graphics processors are used in a wide variety of applications including games the Internet and industrial design. NVIDIA Corp. has a market cap of $3.58 billion; its shares were traded at around $6.38 with a P/E ratio of 10.47 and P/S ratio of 0.84. NVIDIA Corp. had an annual average earning growth of 72.3% over the past 5 years.

Added: Global Payments Inc. (GPN)

John Hussman added to his holdings in Global Payments Inc. by 26.67%. His purchase prices were between $42.8 and $48.7, with an estimated average price of $46.3. The impact to his portfolio due to this purchase was 0.26%. His holdings were 950,000 shares as of 09/30/2008.

Global Payments Inc. is a leading provider of electronic transaction processing services for consumers merchants Independent Sales Organizations financial institutions government agencies and multi- national corporations located throughout the United States Canada Latin America and Europe. Global Payments offers a comprehensive line of processing solutions for credit and debit cards business-to-business purchasing cards gift cards electronic check conversion and check guarantee verification and recovery as well as terminal management. The company also provides consumer money transfer services from the U.S. and Europe to destinations in Latin America Morocco and the Philippines. Global Payments Inc. has a market cap of $2.76 billion; its shares were traded at around $32.84 with a P/E ratio of 15.72 and P/S ratio of 1.92. The dividend yield of Global Payments Inc. stocks is 0.22%. Global Payments Inc. had an annual average earning growth of 17.5% over the past 5 years.

Added: ArthroCare Corp. (ARTC)

John Hussman added to his holdings in ArthroCare Corp. by 41.33%. His purchase prices were between $20.38 and $40.03, with an estimated average price of $28.8. The impact to his portfolio due to this purchase was 0.25%. His holdings were 1,060,000 shares as of 09/30/2008.

ArthroCare Corp. is a medical device company that develops manufactures and markets products based on its patented Coblation technology. The company's soft-tissue surgery systems consist of a controller unit and an assortment of disposable devices that are specialized for specific types of surgery. The company's strategy includes applying its patented Coblation technology to a range of soft-tissue surgical markets including arthroscopic surgery cosmetic surgery nose and throat surgery spinal surgery neurosurgery general surgery and cardiology applications. ArthroCare Corp. has a market cap of $352.55 million; its shares were traded at around $13.12 with a P/E ratio of 8.38 and P/S ratio of 1.04. ArthroCare Corp. had an annual average earning growth of 54.8% over the past 5 years.

Added: Aeropostale Inc. (ARO)

John Hussman added to his holdings in Aeropostale Inc. by 9.09%. His purchase prices were between $30.25 and $35.86, with an estimated average price of $33.2. The impact to his portfolio due to this purchase was 0.23%. His holdings were 3,000,000 shares as of 09/30/2008.

Aeropostale Inc. is a mall-based specialty retailer of casual apparel and accessories principally targeting fourteen to seventeen year-old young women and men. The Company provides customers with a focused selection of high-quality active-oriented fashion and fashion basic merchandise at compelling values. Aeropostale maintains control over its proprietary brands by designing sourcing marketing and selling all of its own merchandise. Aeropostale products are currently purchased only in its stores on-line through its e-commerce website or at organized sales events at college campuses. Aeropostale Inc. has a market cap of $969.93 million; its shares were traded at around $13.99 with a P/E ratio of 7.24 and P/S ratio of 0.54. Aeropostale Inc. had an annual average earning growth of 27.4% over the past 5 years.

Added: ColgatePalmolive Company (CL)

John Hussman added to his holdings in ColgatePalmolive Company by 8%. His purchase prices were between $68 and $79.48, with an estimated average price of $74.2. The impact to his portfolio due to this purchase was 0.22%. His holdings were 1,350,000 shares as of 09/30/2008.

Colgate-Palmolive is a leading global consumer products company tightly focused on Oral Care Personal Care Household Surface Care Fabric Care and Pet Nutrition. Colgate sells its products in countries and territories around the world under such internationally recognized brand names as Colgate Palmolive Mennen Softsoap Irish Spring Protex Sorriso Kolynos Ajax Axion Soupline Suavitel and Fab as well as Hill's Science Diet and Hill's Prescription Diet pet foods. (Company Press Release) ColgatePalmolive Company has a market cap of $31.85 billion; its shares were traded at around $62.65 with a P/E ratio of 18.10 and P/S ratio of 2.07. The dividend yield of ColgatePalmolive Company stocks is 2.58%. ColgatePalmolive Company had an annual average earning growth of 8.5% over the past 10 years.

Added: SanofiAventis (SNY)

John Hussman added to his holdings in SanofiAventis by 43.81%. His purchase prices were between $32.91 and $36.81, with an estimated average price of $35.4. The impact to his portfolio due to this purchase was 0.19%. His holdings were 650,000 shares as of 09/30/2008.

Sanofi-Synth?labo is a leading global pharmaceutical company. SanofiAventis has a market cap of $74.06 billion; its shares were traded at around $25.46 . The dividend yield of SanofiAventis stocks is 4.05%.

Added: Semtech Corp. (SMTC)

John Hussman added to his holdings in Semtech Corp. by 42.86%. His purchase prices were between $13.51 and $15.95, with an estimated average price of $14.7. The impact to his portfolio due to this purchase was 0.18%. His holdings were 1,500,000 shares as of 09/30/2008.

Semtech designs manufactures and markets a wide range of analog and mixed-signal semiconductors including Standard Semiconductor Products Rectifier and Assembly Products and Other Products. The Company's devices are used in a variety of applications including computer communications industrial military-aerospace and automotive. The Company also provides a limited amount of wafer foundry services to other electronic component manufacturers. Semtech Corp. has a market cap of $648.25 million; its shares were traded at around $9.95 with a P/E ratio of 13.12 and P/S ratio of 1.98. Semtech Corp. had an annual average earning growth of 2% over the past 10 years.

Added: Check Point Software Technologies Ltd. (CHKP)

John Hussman added to his holdings in Check Point Software Technologies Ltd. by 25%. His purchase prices were between $22.38 and $25.06, with an estimated average price of $24. The impact to his portfolio due to this purchase was 0.16%. His holdings were 1,250,000 shares as of 09/30/2008.

Check Point Software Technologies Ltd. is a leading provider of policy-based enterprise security and traffic management solutions. Through itspatented Stateful Inspection technology the company delivers Secure Enterprise Connectivity solutions that protect information assets and enhance the performance of enterprise networks. The company's products include the world's leading enterprise security suite FireWall-1r the industry's leading family of virtual private network solutions VPN-1T and the industry's premier bandwidth management solution FloodGate-1T. Check Point Software Technologies Ltd. has a market cap of $4.35 billion; its shares were traded at around $19.65 with a P/E ratio of 13.69 and P/S ratio of 5.27. Check Point Software Technologies Ltd. had an annual average earning growth of 15.9% over the past 10 years.

Added: Martek Biosciences Corp. (MATK)

John Hussman added to his holdings in Martek Biosciences Corp. by 22.64%. His purchase prices were between $33.41 and $38.04, with an estimated average price of $35.5. The impact to his portfolio due to this purchase was 0.11%. His holdings were 650,000 shares as of 09/30/2008.

Martek Biosciences Corp. develops manufactures and sells products from microalgae. The company's products include: (1) specialty nutritional oils for infant formula nutritional supplements and food ingredients; (2) high value reagents and technologies to visualize molecular interactions for drug discovery and development; and (3) new powerful fluorescent markers for diagnostics rapid miniaturized screening and gene and protein detection. (Company Press Release) Martek Biosciences Corp. has a market cap of $926.48 million; its shares were traded at around $27.67 with a P/E ratio of 20.44 and P/S ratio of 2.66. Martek Biosciences Corp. had an annual average earning growth of 24.2% over the past 5 years.

Added: Intel Corp. (INTC)

John Hussman added to his holdings in Intel Corp. by 7.14%. His purchase prices were between $19.03 and $24.05, with an estimated average price of $21.4. The impact to his portfolio due to this purchase was 0.11%. His holdings were 3,000,000 shares as of 09/30/2008.

Intel Corporation one of the world's largest semiconductor chip maker supplies the computing and communications industries with chips boards and systems building blocks that are integral to computers servers and networking and communications products. Its products are offered at various levels of integration and are used by industry members to create advanced computing and communications systems. Intel Corp. has a market cap of $73.42 billion; its shares were traded at around $13.11 with a P/E ratio of 10.52 and P/S ratio of 1.82. The dividend yield of Intel Corp. stocks is 4.2%. Intel Corp. had an annual average earning growth of 0.4% over the past 10 years.

Added: Starbucks Corp. (SBUX)

John Hussman added to his holdings in Starbucks Corp. by 14.29%. His purchase prices were between $14.06 and $16.69, with an estimated average price of $15.2. The impact to his portfolio due to this purchase was 0.11%. His holdings were 2,000,000 shares as of 09/30/2008.

Starbucks Corporation purchases and roasts high-quality whole bean coffees and sells them along with fresh rich-brewed Italian style espresso beverages a variety of pastries and confections and coffee-related accessories and equipment primarily through its company-operated retail stores. In addition to sales through our company-operated retail stores Starbucks sells whole bean coffees through a specialty sales group and supermarkets. Additionally Starbucks produces and sells bottled Frappuccino coffee drink and a line of premium ice creams through its joint venture partnerships and offers a line of innovative premium teas produced by its wholly owned subsidiary Tazo Tea Company. The Company plans to continue to rapidly expand its retail operations grow its specialty sales and other operations and selectively pursue opportunities to leverage the Starbucks brand through the introduction of new products and the development of new distribution channels. Starbucks Corp. has a market cap of $5.97 billion; its shares were traded at around $7.83 with a P/E ratio of 19.11 and P/S ratio of 0.55. Starbucks Corp. had an annual average earning growth of 24.4% over the past 10 years.

Added: Euro Currency Trust (FXE)

John Hussman added to his holdings in Euro Currency Trust by 20%. His purchase prices were between $141.86 and $158.38, with an estimated average price of $149.9. The impact to his portfolio due to this purchase was 0.1%. His holdings were 150,000 shares as of 09/30/2008.

Euro Currency Trust has a market cap of $ million; its shares were traded at around $125.99 . The dividend yield of Euro Currency Trust stocks is 3.9%.

Added: Goldcorp Inc. (GG)

John Hussman added to his holdings in Goldcorp Inc. by 1150%. His purchase prices were between $29 and $48.16, with an estimated average price of $35.9. The impact to his portfolio due to this purchase was 0.1%. His holdings were 125,000 shares as of 09/30/2008.

Goldcorp is a North American based gold producer engaged in exploration extraction and processing of gold. The company's primary asset and key value driver is its Red Lake Mine which is the largest producing gold mine in Canada. Goldcorp's other operations include the Wharf Mine a gold mine located in the Black Hills of South Dakota USA and Saskatchewan Minerals an industrial minerals operation in Saskatchewan Canada which produces natural sodium sulphate used primarily in the detergent industry. Goldcorp Inc. has a market cap of $19.2 billion; its shares were traded at around $24.22 with a P/E ratio of 24.29 and P/S ratio of 7.09. The dividend yield of Goldcorp Inc. stocks is 0.83%. Goldcorp Inc. had an annual average earning growth of 22.9% over the past 5 years.

Added: Compania de Minas Buenaventura S.A. (BVN)

John Hussman added to his holdings in Compania de Minas Buenaventura S.A. by 1400%. His purchase prices were between $17.68 and $32.71, with an estimated average price of $24.9. The impact to his portfolio due to this purchase was 0.09%. His holdings were 150,000 shares as of 09/30/2008.

COMPA??A DE MINAS BUENAVENTURA is a leading mining company producing precious metals and holding mining rights in Peru. Since its inception in 1953 Buenaventura has focused on exploration and exploitation activities both by its own and through joint ventures. Buenaventura also is an important shareholder of Minera Yanacocha S.R.L. one of the leading gold producers in Latin America. Compania de Minas Buenaventura S.A. has a market cap of $3.67 billion; its shares were traded at around $12.72 with a P/E ratio of 13.14 and P/S ratio of 3.64. The dividend yield of Compania de Minas Buenaventura S.A. stocks is 0.81%. Compania de Minas Buenaventura S.A. had an annual average earning growth of 40.4% over the past 5 years.

Added: Synaptics Inc. (SYNA)

John Hussman added to his holdings in Synaptics Inc. by 20%. His purchase prices were between $26.57 and $36.02, with an estimated average price of $31.5. The impact to his portfolio due to this purchase was 0.09%. His holdings were 600,000 shares as of 09/30/2008.

Synaptics is a leading developer of human interface solutions for a wide variety of mobile computing and communications devices and is the leading supplier of TouchPads to the notebook computer market. Products include the TouchPad input device TouchStyk pointing stick Dual Pointing combination input solution ClearPad touch screen Spiral pen input solution and QuickStroke Chinese handwriting software. Synaptics Inc. has a market cap of $681.35 million; its shares were traded at around $19.46 with a P/E ratio of 22.61 and P/S ratio of 1.68. Synaptics Inc. had an annual average earning growth of 5.3% over the past 5 years.

Added: AngloGold Ashanti Ltd. (AU)

John Hussman added to his holdings in AngloGold Ashanti Ltd. by 1250%. His purchase prices were between $24.01 and $35.58, with an estimated average price of $28.8. The impact to his portfolio due to this purchase was 0.08%. His holdings were 135,000 shares as of 09/30/2008.

AngloGold Limited is the largest gold producer at 7 million ounces a year with reserves of 126 m oz. The company has operations in six countries on three continents some of which are joint ventures as well as exploration activities in ten countries. AngloGold can be financially characterized by high cash generation substantial reinvestment in long-term growth and the payment of significant dividends. The company distinguishes itself from its producer peer group through its active involvement in the development of the gold market particularly in Asia. AngloGold Ashanti Ltd. has a market cap of $7.33 billion; its shares were traded at around $19.61 with P/S ratio of 2.58. The dividend yield of AngloGold Ashanti Ltd. stocks is 0.83%.

Added: Randgold Resources Ltd. (GOLD)

John Hussman added to his holdings in Randgold Resources Ltd. by 250%. His purchase prices were between $35.61 and $51.09, with an estimated average price of $44.1. The impact to his portfolio due to this purchase was 0.03%. His holdings were 35,000 shares as of 09/30/2008.

Randgold Resources is an international gold mining and exploration business. It has to date discovered the 7 Moz Morila deposit in southern Mali the plus 5 Moz Yalea deposit in western Mali and the 3 Moz Tongon deposit in the C?te d?Ivoire. The Company successfully developed the Morila deposit into one of the world?s largest and highest-margin gold mines. In addition Randgold Resources has a portfolio of prospective exploration projects across Africa in Mali C?te d?Ivoire Senegal Burkina Faso Ghana and Tanzania. Randgold Resources Ltd. has a market cap of $ million; its shares were traded at around $33.41 . The dividend yield of Randgold Resources Ltd. stocks is 0.38%. Randgold Resources Ltd. had an annual average earning growth of 8.4% over the past 5 years.

New Purchase: WalMart Stores Inc. (WMT)

John Hussman initiated holdings in WalMart Stores Inc.. His purchase prices were between $56.06 and $62.41, with an estimated average price of $58.7. The impact to his portfolio due to this purchase was 2.14%. His holdings were 1,250,000 shares as of 09/30/2008.

Wal-Mart Stores Inc. is the world's largest retailer. They are engaged in the operation of mass merchandising stores which serve their customers primarily through the operation of three segments which are the Wal-Mart Stores segment the SAM'S Club segment and the International segment. WalMart Stores Inc. has a market cap of $208.26 billion; its shares were traded at around $52.92 with a P/E ratio of 15.33 and P/S ratio of 0.51. The dividend yield of WalMart Stores Inc. stocks is 1.8%. WalMart Stores Inc. had an annual average earning growth of 13.3% over the past 10 years.

New Purchase: Panera Bread Company (PNRA)

John Hussman initiated holdings in Panera Bread Company. His purchase prices were between $43.64 and $56.6, with an estimated average price of $50.7. The impact to his portfolio due to this purchase was 1.46%. His holdings were 1,000,000 shares as of 09/30/2008.

Panera Bread Company operates a retail bakery-cafe business and franchising business under the concept names Panera Bread Company and Saint Louis Bread Company. The concept specializes in high quality food for breakfast and lunch including fresh baked goods made-to-order sandwiches on freshly baked breads soups salads custom roasted coffees as well as other cafe beverages and targets suburban dwellers and workers by offering a premium specialty bakery and cafe experience with a neighborhood experience.> Panera Bread Company has a market cap of $1.22 billion; its shares were traded at around $37.4 with a P/E ratio of 20.45 and P/S ratio of 0.93. Panera Bread Company had an annual average earning growth of 20% over the past 5 years.

New Purchase: Network Appliance Inc. (NTAP)

John Hussman initiated holdings in Network Appliance Inc.. His purchase prices were between $18.8 and $26.31, with an estimated average price of $23.5. The impact to his portfolio due to this purchase was 1.1%. His holdings were 2,100,000 shares as of 09/30/2008.

NetApp Inc. formerly Network Appliance Inc. is a leading provider of innovative data management solutions that simplify the complexity of storing managing protecting and retaining enterprise data. Market leaders around the world choose NetApp to help them reduce cost minimize risk and adapt to change. Network Appliance Inc. has a market cap of $4.18 billion; its shares were traded at around $12.51 with a P/E ratio of 15.77 and P/S ratio of 1.14. Network Appliance Inc. had an annual average earning growth of 20.4% over the past 10 years.

New Purchase: ConocoPhillips (COP)

John Hussman initiated holdings in ConocoPhillips. His purchase prices were between $72.74 and $90.46, with an estimated average price of $80.2. The impact to his portfolio due to this purchase was 1.05%. His holdings were 500,000 shares as of 09/30/2008.

ConocoPhillips is a major international integrated energy company with operations in some 49 countries. ConocoPhillips has a market cap of $75.21 billion; its shares were traded at around $46.84 with a P/E ratio of 4.14 and P/S ratio of 0.30. The dividend yield of ConocoPhillips stocks is 3.97%. ConocoPhillips had an annual average earning growth of 19% over the past 10 years.

New Purchase: Berkshire Hathaway Inc. (BRK-A)

John Hussman initiated holdings in Berkshire Hathaway Inc.. His purchase prices were between $113000 and $147000, with an estimated average price of $120703. The impact to his portfolio due to this purchase was 0.94%. His holdings were 250 shares as of 09/30/2008.

Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in a number of diverse business activities. The most important of these are insurance businesses conducted nationwide on a primary basis and worldwide on a reinsurance basis. Berkshire also owns and operates a number of other businesses engaged in a variety of activities as identified herein. Berkshire Hathaway Inc. has a market cap of $149.17 billion; its shares were traded at around $90000 with a P/E ratio of 19.06 and P/S ratio of 1.25. Berkshire Hathaway Inc. had an annual average earning growth of 27.1% over the past 10 years.

New Purchase: QLogic Corp. (QLGC)

John Hussman initiated holdings in QLogic Corp.. His purchase prices were between $14.17 and $19.42, with an estimated average price of $17.7. The impact to his portfolio due to this purchase was 0.77%. His holdings were 1,750,000 shares as of 09/30/2008.

QLogic Corporation simplifies the process of networking storage for OEMs resellers and system integrators with the only end-to-end infrastructure in the industry consisting of award-winning controller chips host bus adapters network switches and management software to move data from the storage device through the fabric to the server. QLogic designs and produces solutions based on all storage network technologies including SCSI iSCSI InfiniBand and Fibre Channel. A member of the S&P 500 Index. QLogic Corp. has a market cap of $1.31 billion; its shares were traded at around $9.15 with a P/E ratio of 11.85 and P/S ratio of 1.82. QLogic Corp. had an annual average earning growth of 19.9% over the past 10 years.

New Purchase: Applera Corp. Applied Biosystems Group (ABI)

John Hussman initiated holdings in Applera Corp. Applied Biosystems Group. His purchase prices were between $32.99 and $36.56, with an estimated average price of $35.4. The impact to his portfolio due to this purchase was 0.74%. His holdings were 750,000 shares as of 09/30/2008.

APPLIED BIOSYSTEMS INC. (formerly known as Applera Corporation) is a global leader in the development and marketing of instrument-based systems consumables software and services for academic research the life science industry and commercial markets. Driven by its employees' belief in the power of science to improve the human condition the company commercializes innovative technology solutions for DNA RNA protein and small molecule analysis. Customers across the disciplines of academic and clinical research pharmaceutical research and manufacturing forensic DNA analysis and agricultural biotechnology use the company?s tools and services to accelerate scientific discovery improve processes related to drug discovery and development detect potentially pathogenic microorganisms and identify individuals based on DNA sources. Applied Biosystems has a comprehensive service and field applications support team for a global installed base of high-performance genetic and prote Applera Corp. Applied Biosystems Group has a market cap of $ million; its shares were traded at around $27.81 . The dividend yield of Applera Corp. Applied Biosystems Group stocks is 0.58%. Applera Corp. Applied Biosystems Group had an annual average earning growth of 8.5% over the past 10 years.

New Purchase: Ecolab Inc. (ECL)

John Hussman initiated holdings in Ecolab Inc.. His purchase prices were between $42.9 and $50.01, with an estimated average price of $45.7. The impact to his portfolio due to this purchase was 0.69%. His holdings were 500,000 shares as of 09/30/2008.

Ecolab Inc. is the global leader in cleaning sanitizing food safety and infection control products and services. Ecolab delivers comprehensive programs and services to the foodservice food and beverage processing healthcare and hospitality markets. Ecolab Inc. has a market cap of $8.31 billion; its shares were traded at around $33.07 with a P/E ratio of 17.53 and P/S ratio of 1.34. The dividend yield of Ecolab Inc. stocks is 1.59%. Ecolab Inc. had an annual average earning growth of 12.3% over the past 10 years.

New Purchase: DreamWorks Animation SKG Inc. (DWA)

John Hussman initiated holdings in DreamWorks Animation SKG Inc.. His purchase prices were between $28.53 and $32.02, with an estimated average price of $30.8. The impact to his portfolio due to this purchase was 0.68%. His holdings were 750,000 shares as of 09/30/2008.

Dream Works Animation SKG Inc. develops and produces computer generated animated feature films for a broad movie-going audience. DreamWorks Animation SKG Inc. has a market cap of $1.98 billion; its shares were traded at around $20.57 with a P/E ratio of 11.10 and P/S ratio of 2.49.

New Purchase: Valero Energy Corp. (VLO)

John Hussman initiated holdings in Valero Energy Corp.. His purchase prices were between $31.48 and $36.62, with an estimated average price of $33.7. The impact to his portfolio due to this purchase was 0.65%. His holdings were 750,000 shares as of 09/30/2008.

Valero Energy Corporation owns and operates refineries in the United States and Canada with a combined throughput capacity of approximately two million BPD making it one of the nation's top refiners of petroleum products. Valero is also one of the nation's leading retail operators with retail outlets in the United States and Canada under various brand names including Diamond Shamrock Ultramar Valero Beacon and Total. Valero Energy Corp. has a market cap of $9.14 billion; its shares were traded at around $16.36 with a P/E ratio of 3.48 and P/S ratio of 0.07. The dividend yield of Valero Energy Corp. stocks is 3.08%. Valero Energy Corp. had an annual average earning growth of 35.9% over the past 10 years.

New Purchase: Schlumberger Ltd. (SLB)

John Hussman initiated holdings in Schlumberger Ltd.. His purchase prices were between $85.79 and $101.66, with an estimated average price of $94.3. The impact to his portfolio due to this purchase was 0.56%. His holdings were 250,000 shares as of 09/30/2008.

Schlumberger Limited is a global technology services company consisting of two business segments Schlumberger Oilfield Services and SchlumbergerSema. Schlumberger Oilfield Services is the leading provider of exploration and production services solutions and technology to the international petroleum industry. SchlumbergerSema is a leading information technology services company providing a unique combination of domain expertise and global capabilities delivered on a local basis. Schlumberger Ltd. has a market cap of $55.59 billion; its shares were traded at around $45 with a P/E ratio of 10.07 and P/S ratio of 2.03. The dividend yield of Schlumberger Ltd. stocks is 1.72%. Schlumberger Ltd. had an annual average earning growth of 58.5% over the past 5 years.

New Purchase: Agilent Technologies Inc. (A)

John Hussman initiated holdings in Agilent Technologies Inc.. His purchase prices were between $30.93 and $37, with an estimated average price of $34.6. The impact to his portfolio due to this purchase was 0.55%. His holdings were 650,000 shares as of 09/30/2008.

Agilent Technologies is the world?s premier measurement company and a technology leader in communications electronics life sciences and chemical analysis. Agilent has two primary business segments: Bio-Analytical Measurement and Electronic Measurement. Agilent Technologies Inc. has a market cap of $6.27 billion; its shares were traded at around $17.29 with a P/E ratio of 9.59 and P/S ratio of 1.05.

New Purchase: Tiffany & Co. (TIF)

John Hussman initiated holdings in Tiffany & Co.. His purchase prices were between $36.73 and $43.96, with an estimated average price of $39.7. The impact to his portfolio due to this purchase was 0.51%. His holdings were 500,000 shares as of 09/30/2008.

Tiffany & Co. operates jewelry and specialty retail stores and manufactures products through its subsidiary corporations. Its principal subsidiary is Tiffany and Company. The Company operates TIFFANY & CO. retail stores and boutiques in the Americas Asia-Pacific and Europe and engages in direct selling through Internet catalog and business gift operations. Other operations include consolidated results from ventures operated under trademarks or tradenames other than TIFFANY & CO. Tiffany & Co. has a market cap of $2.53 billion; its shares were traded at around $19.48 with a P/E ratio of 7.55 and P/S ratio of 0.79. The dividend yield of Tiffany & Co. stocks is 3.35%. Tiffany & Co. had an annual average earning growth of 10.9% over the past 10 years.

New Purchase: Yahoo! Inc. (YHOO)

John Hussman initiated holdings in Yahoo! Inc.. His purchase prices were between $18.08 and $23.57, with an estimated average price of $20.3. The impact to his portfolio due to this purchase was 0.5%. His holdings were 1,000,000 shares as of 09/30/2008.

Yahoo! Inc. is a global Internet communications commerce and media company that offers a comprehensive branded network of services. As one of the first online navigational guides to the World Wide Web Yahoo! is one of the leading guides in terms of traffic advertising and household and business user reach. The company also provides online business and enterprise services designed to enhance the productivity and Web presence of Yahoo!'s clients. Yahoo! Inc. has a market cap of $13.71 billion; its shares were traded at around $9.39 with a P/E ratio of 14.98 and P/S ratio of 1.80. Yahoo! Inc. had an annual average earning growth of 20.4% over the past 5 years.

New Purchase: Dell Inc. (DELL)

John Hussman initiated holdings in Dell Inc.. His purchase prices were between $16.63 and $25.27, with an estimated average price of $22.1. The impact to his portfolio due to this purchase was 0.47%. His holdings were 1,000,000 shares as of 09/30/2008.

Dell Inc. is a premier provider of products and services required for customers worldwide to build their information-technology and Internet infrastructures. Dell through its direct business model designs manufactures and customizes products and services to customer requirements and offers an extensive selection of software and peripherals. Dell Inc. has a market cap of $18.44 billion; its shares were traded at around $9.3 with a P/E ratio of 7.03 and P/S ratio of 0.28. Dell Inc. had an annual average earning growth of 10.7% over the past 10 years.

New Purchase: Microchip Technology Inc. (MCHP)

John Hussman initiated holdings in Microchip Technology Inc.. His purchase prices were between $28.75 and $33.36, with an estimated average price of $30.7. The impact to his portfolio due to this purchase was 0.42%. His holdings were 500,000 shares as of 09/30/2008.

Microchip Technology Inc. develops and manufactures specialized semiconductor products used by its customers for a wide variety of embedded control applications. Its product portfolio comprises microcontrollers; application-specific standard products; and related mixed-signal and memory products. The company markets its products to the consumer automotive office automation communications andindustrial markets. Microchip Technology Inc. has a market cap of $3.21 billion; its shares were traded at around $17.56 with a P/E ratio of 11.13 and P/S ratio of 3.04. The dividend yield of Microchip Technology Inc. stocks is 6.87%. Microchip Technology Inc. had an annual average earning growth of 12.6% over the past 10 years.

New Purchase: Nabors Industries Ltd. (NBR)

John Hussman initiated holdings in Nabors Industries Ltd.. His purchase prices were between $26.15 and $48.71, with an estimated average price of $35.7. The impact to his portfolio due to this purchase was 0.36%. His holdings were 500,000 shares as of 09/30/2008.

Nabors Industries Inc. is one of the largest land drilling contractors. Nabors conducts oil gas and geothermal land drilling operations in the U.S. and internationally. Nabors also is one of the largest land well-servicing and workover contractors in the United States. To further supplement its primary business it offers a number of ancillary well-site services including oilfield management engineering transportation construction maintenance well logging and other support services in selected domestic and international markets. Nabors Industries Ltd. has a market cap of $3.67 billion; its shares were traded at around $11.85 with a P/E ratio of 4.37 and P/S ratio of 0.62. Nabors Industries Ltd. had an annual average earning growth of 26.2% over the past 10 years.

New Purchase: Tesoro Corp. (TSO)

John Hussman initiated holdings in Tesoro Corp.. His purchase prices were between $15.25 and $19.06, with an estimated average price of $17.6. The impact to his portfolio due to this purchase was 0.35%. His holdings were 750,000 shares as of 09/30/2008.

Tesoro was founded in 1968 as a company primarily engaged in petroleum exploration and production. In 1969 Tesoro began operating Alaska?s first refinery near Kenai. Today Tesoro is a FORTUNE 500 company and one of the largest independent petroleum refiners and marketers in the Western United States. Tesoro Corp. has a market cap of $1.16 billion; its shares were traded at around $7.86 with a P/E ratio of 8.29 and P/S ratio of 0.04. The dividend yield of Tesoro Corp. stocks is 3.9%. Tesoro Corp. had an annual average earning growth of 20.1% over the past 10 years.

New Purchase: Xilinx Inc. (XLNX)

John Hussman initiated holdings in Xilinx Inc.. His purchase prices were between $22.77 and $26.85, with an estimated average price of $24.5. The impact to his portfolio due to this purchase was 0.34%. His holdings were 500,000 shares as of 09/30/2008.

Xilinx Inc. designs develops and markets complete programmable logic solutions including advanced integrated circuits software design tools predefined system functions delivered as cores of logic and field engineering support. Its programmable logic devices include field programmable gate arrays and complex programmable logic devices. These devices are standard products that its customers program to perform desired logic functions. Xilinx Inc. has a market cap of $4.29 billion; its shares were traded at around $15.3 with a P/E ratio of 12.29 and P/S ratio of 2.18. The dividend yield of Xilinx Inc. stocks is 3.51%. Xilinx Inc. had an annual average earning growth of 9.1% over the past 10 years.

New Purchase: Brocade Communications Systems Inc. New (BRCD)

John Hussman initiated holdings in Brocade Communications Systems Inc. New. His purchase prices were between $5.78 and $8.65, with an estimated average price of $7.3. The impact to his portfolio due to this purchase was 0.33%. His holdings were 2,000,000 shares as of 09/30/2008.

Brocade Communications Systems Inc. delivers industry-leading platforms solutions and services for intelligently connecting managing and optimizing IT resources in shared storage environments. The world's premier systems server and storage providers offer the Brocade SilkWorm family of Storage Area Network connectivity platforms as the foundation for shared storage in organizations of all sizes. In addition the Brocade Tapestry family of IT infrastructure solutions extends the ability to proactively manage and optimize application and information resources across the enterprise. Using Brocade solutions organizations are better positioned to reduce cost manage complexity and satisfy business compliance requirements through optimized use and management of their IT resources. Brocade Communications Systems Inc. New has a market cap of $1.07 billion; its shares were traded at around $3.16 with a P/E ratio of 6.93 and P/S ratio of 0.83. Brocade Communications Systems Inc. New had an annual average earning growth of 113.4% over the past 5 years.

New Purchase: Analog Devices Inc. (ADI)

John Hussman initiated holdings in Analog Devices Inc.. His purchase prices were between $26.75 and $32.34, with an estimated average price of $29.4. The impact to his portfolio due to this purchase was 0.32%. His holdings were 425,000 shares as of 09/30/2008.

Analog Devices Inc. is one of the world leaders in the design manufacture and marketing of high-performance analog mixed-signal and digital signal processing integrated circuits used in signal processing applications. Applications for its products include communications cellular telephones computers and computer peripherals consumer electronics automotive electronics factory automation process control and military and space systems. Analog Devices Inc. has a market cap of $5.07 billion; its shares were traded at around $16.92 with a P/E ratio of 7.13 and P/S ratio of 1.87. The dividend yield of Analog Devices Inc. stocks is 4.15%. Analog Devices Inc. had an annual average earning growth of 10.7% over the past 10 years.

New Purchase: St. Jude Medical Inc. (STJ)

John Hussman initiated holdings in St. Jude Medical Inc.. His purchase prices were between $41.24 and $47.97, with an estimated average price of $45. The impact to his portfolio due to this purchase was 0.31%. His holdings were 250,000 shares as of 09/30/2008.

St. Jude Medical Inc. is dedicated to making life better for cardiac neurological and chronic pain patients worldwide through excellence in medical device technology and services. The Company has five major focus areas that include cardiac rhythm management atrial fibrillation cardiac surgery cardiology and neuromodulation. St. Jude Medical Inc. has a market cap of $9.3 billion; its shares were traded at around $27.64 with a P/E ratio of 13.57 and P/S ratio of 2.24. St. Jude Medical Inc. had an annual average earning growth of 19.5% over the past 10 years.

New Purchase: Bank of America Corp. (BAC)

John Hussman initiated holdings in Bank of America Corp.. His purchase prices were between $21.24 and $37.48, with an estimated average price of $30.3. The impact to his portfolio due to this purchase was 0.25%. His holdings were 250,000 shares as of 09/30/2008.

Bank of America Corp. is one of the world's leading financial services companies. Bank of America provides individuals small businesses and commercial corporate and institutional clients across the United States and around the world new and better ways to manage their financial lives. The company enables customers to do their banking and investing whenever wherever and however they choose. Bank of America Corp. has a market cap of $62.5 billion; its shares were traded at around $11.47 with a P/E ratio of 11.91 and P/S ratio of 1.09. The dividend yield of Bank of America Corp. stocks is 15.59%. Bank of America Corp. had an annual average earning growth of 7.5% over the past 10 years.

New Purchase: Autodesk Inc. (ADSK)

John Hussman initiated holdings in Autodesk Inc.. His purchase prices were between $32.76 and $38.37, with an estimated average price of $35. The impact to his portfolio due to this purchase was 0.24%. His holdings were 250,000 shares as of 09/30/2008.

Autodesk is one of the world's leading design software and digital content companies for architectural design and land development manufacturing utilities telecommunications and media and entertainment. Autodesk provides design software Internet portal services wireless development platforms and point-of-location applications that empower customers in numerous countries to drive business and remain competitive. (Company Press Release) Autodesk Inc. has a market cap of $3.36 billion; its shares were traded at around $14.37 with a P/E ratio of 9.65 and P/S ratio of 1.37. Autodesk Inc. had an annual average earning growth of 14.7% over the past 10 years.

New Purchase: DeVry Inc. (DV)

John Hussman initiated holdings in DeVry Inc.. His purchase prices were between $51.26 and $56.98, with an estimated average price of $54.1. The impact to his portfolio due to this purchase was 0.21%. His holdings were 150,000 shares as of 09/30/2008.

DeVry Inc. owns and operates DeVry Institutes of Technology DenverTechnical College Keller Graduate School of Management and Becker Conviser CPA Review. DeVry Institutes DeVry Canada Inc. Denver TechnicalCollege and Keller Graduate School of Management are a part of DeVryUniversity. DeVry Institutes and Keller Graduate School collectively formone of the largest private degree-granting regionally accredited highereducation systems in North America. Becker prepares candidates for theCPA CMA and CFA professional certification examinations. DeVry Inc. has a market cap of $3.82 billion; its shares were traded at around $52.02 with a P/E ratio of 29.07 and P/S ratio of 3.25. The dividend yield of DeVry Inc. stocks is 0.22%. DeVry Inc. had an annual average earning growth of 4.3% over the past 10 years.

New Purchase: Frontier Oil Corp. (FTO)

John Hussman initiated holdings in Frontier Oil Corp.. His purchase prices were between $17.26 and $22.94, with an estimated average price of $19.6. The impact to his portfolio due to this purchase was 0.2%. His holdings were 370,000 shares as of 09/30/2008.

Frontier Oil Corporation is an independent energy company engaged in crude oil refining and the wholesale marketing of refined petroleum products. Their refineries are complex refineries which means that they can process heavier less expensive types of crude oil and still produce a high percentage of gasoline diesel fuel and other high margin refined products. Frontier Oil Corp. has a market cap of $1.08 billion; its shares were traded at around $9.55 with a P/E ratio of 4.88 and P/S ratio of 0.15. The dividend yield of Frontier Oil Corp. stocks is 1.94%. Frontier Oil Corp. had an annual average earning growth of 74.4% over the past 5 years.

New Purchase: J. Crew Group Inc. (JCG)

John Hussman initiated holdings in J. Crew Group Inc.. His purchase prices were between $25.81 and $32.26, with an estimated average price of $29.4. The impact to his portfolio due to this purchase was 0.2%. His holdings were 250,000 shares as of 09/30/2008.

J. Crew Group Inc. has a market cap of $625.59 million; its shares were traded at around $9.05 with a P/E ratio of 6.39 and P/S ratio of 0.40.

New Purchase: Health Management Associates Inc. (HMA)

John Hussman initiated holdings in Health Management Associates Inc.. His purchase prices were between $4.4 and $6.29, with an estimated average price of $5.7. The impact to his portfolio due to this purchase was 0.18%. His holdings were 1,500,000 shares as of 09/30/2008.

Health Management Associates Inc. provides a broad range of general acute care health services in non-urban communities. The Company pursues a business strategy of efficiently and profitably operating its existing base of facilities and selectively acquiring additional 100 to 300 bed acute care hospitals located in non-urban communities in market areas of 40000 to 300000 people in the southeastern and southwestern UnitedStates. Health Management Associates Inc. has a market cap of $231.66 million; its shares were traded at around $1.05 with a P/E ratio of 1.41 and P/S ratio of 0.06. Health Management Associates Inc. had an annual average earning growth of 25.2% over the past 10 years.

New Purchase: Schnitzer Steel Industries Inc. (SCHN)

John Hussman initiated holdings in Schnitzer Steel Industries Inc.. His purchase prices were between $47.17 and $98.43, with an estimated average price of $72.4. The impact to his portfolio due to this purchase was 0.17%. His holdings were 152,000 shares as of 09/30/2008.

Schnitzer Steel Industries Inc. collects processes and recycles metals by operating one of the largest metals recycling businesses in the United States. They also manufacture finished steel products at their technologically advanced steel mini-mill. Schnitzer Steel Industries Inc. has a market cap of $573.83 million; its shares were traded at around $18.45 with a P/E ratio of 2.39 and P/S ratio of 0.14. The dividend yield of Schnitzer Steel Industries Inc. stocks is 0.27%. Schnitzer Steel Industries Inc. had an annual average earning growth of 31.4% over the past 5 years.

New Purchase: DPL Inc. (DPL)

John Hussman initiated holdings in DPL Inc.. His purchase prices were between $23.24 and $26.07, with an estimated average price of $24.7. The impact to his portfolio due to this purchase was 0.11%. His holdings were 150,000 shares as of 09/30/2008.

DPL Inc. is a holding company. Its principal subsidiary is The Dayton Power and Light Company. The Dayton Power and Light Company sells electricity and natural gas to residential commercial and governmental customers in West Central Ohio. Principal industries served include electrical machinery automotive and other transportation equipment non-electrical machinery agriculture paper and rubber and plastic products. DPL Inc. has a market cap of $2.29 billion; its shares were traded at around $19.6 with a P/E ratio of 10.46 and P/S ratio of 1.44. The dividend yield of DPL Inc. stocks is 5.33%. DPL Inc. had an annual average earning growth of 2.2% over the past 10 years.

New Purchase: ViroPharma Inc. (VPHM)

John Hussman initiated holdings in ViroPharma Inc.. His purchase prices were between $9.84 and $14.65, with an estimated average price of $13. The impact to his portfolio due to this purchase was 0.11%. His holdings were 300,000 shares as of 09/30/2008.

VIROPHARMA is a leader in RNA virology and RNA antiviral drug discovery and development. The company is committed to the commercialization development and discovery of antiviral pharmaceuticals. The company focuses on drug development and discovery activities for viral diseases including viral meningitis viral respiratory infection pneumonia hepatitis C and influenza. Each year a majority of the world's population is afflicted by at least one of these diseases and antiviral therapies are either inadequate or do not exist. ViroPharma Inc. has a market cap of $718.74 million; its shares were traded at around $10.39 with a P/E ratio of 9.36 and P/S ratio of 3.16.

New Purchase: Pepco Holdings Inc. (POM)

John Hussman initiated holdings in Pepco Holdings Inc.. His purchase prices were between $22.86 and $25.06, with an estimated average price of $24.3. The impact to his portfolio due to this purchase was 0.1%. His holdings were 150,000 shares as of 09/30/2008.

Pepco Holdings Inc. is an energy holding company. Pepco has been providing reliable electric service for more than one hundred years. Today they deliver electricity to homes and businesses in the District of Columbia and its Maryland suburbs. Pepco Holdings Inc. has a market cap of $3.48 billion; its shares were traded at around $16.85 with a P/E ratio of 11.92 and P/S ratio of 0.32. The dividend yield of Pepco Holdings Inc. stocks is 6.09%.

New Purchase: Consolidated Edison Inc. (ED)

John Hussman initiated holdings in Consolidated Edison Inc.. His purchase prices were between $37.11 and $43.7, with an estimated average price of $39.9. The impact to his portfolio due to this purchase was 0.08%. His holdings were 65,000 shares as of 09/30/2008.

Consolidated Edison Inc. is one of the nation's largest investor-owned energy companies. The company provides a wide range of energy- related products and services to its customers through regulated utility subsidiaries and competitive energy and telecommunications businesses. Consolidated Edison Inc. has a market cap of $11 billion; its shares were traded at around $40 with a P/E ratio of 8.83 and P/S ratio of 0.79. The dividend yield of Consolidated Edison Inc. stocks is 5.97%. Consolidated Edison Inc. had an annual average earning growth of 3.2% over the past 5 years.

New Purchase: Scana Corp. (SCG)

John Hussman initiated holdings in Scana Corp.. His purchase prices were between $34.89 and $41.9, with an estimated average price of $37.7. The impact to his portfolio due to this purchase was 0.08%. His holdings were 73,000 shares as of 09/30/2008.

SCANA Corporation is an energy-based holding company whose businesses include regulated electric and natural gas utility operations telecommunications and other non-regulated energy-related businesses. SCANA?s subsidiaries serve electric customers in South Carolina North Carolina and Georgia. Scana Corp. has a market cap of $3.97 billion; its shares were traded at around $33.85 with a P/E ratio of 11.35 and P/S ratio of 0.77. The dividend yield of Scana Corp. stocks is 5.41%. Scana Corp. had an annual average earning growth of 4.2% over the past 10 years.

New Purchase: Sonic Corp. (SONC)

John Hussman initiated holdings in Sonic Corp.. His purchase prices were between $13.42 and $17.01, with an estimated average price of $15.1. The impact to his portfolio due to this purchase was 0.08%. His holdings were 200,000 shares as of 09/30/2008.

Sonic Corp. operates and franchises one of the largest chain ofdrive-in restaurants in the United States. Sonic restaurants offermade-to-order hamburgers and other sandwiches and feature Sonic signatureitems such as footlong coney cheese dogs hand-battered onion rings tatertots specialty soft drinks including cherry limeades and slushes andfrozen desserts. At a typical Sonic restaurant a customer drives into oneof 24 to 36 covered drive-in spaces orders through an intercom and has the food delivered by a carhop within an average of four minutes. Sonic Corp. has a market cap of $425.53 million; its shares were traded at around $6.56 with a P/E ratio of 7.27 and P/S ratio of 0.49. Sonic Corp. had an annual average earning growth of 14.6% over the past 10 years.

New Purchase: DTE Energy Company (DTE)

John Hussman initiated holdings in DTE Energy Company. His purchase prices were between $39.33 and $43.64, with an estimated average price of $41.5. The impact to his portfolio due to this purchase was 0.07%. His holdings were 65,000 shares as of 09/30/2008.

DTE Energy is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its largest operating units are Detroit Edison an electric utility serving 2.1 million customers in Southeastern Michigan and MichCon a natural gas utility serving 1.2 million customers in Michigan. Detroit Edison is the Company's principal operating subsidiary. Affiliates of the Company are engaged in non-regulated businesses including energy-related services and products. DTE Energy Company has a market cap of $5.89 billion; its shares were traded at around $36.73 with a P/E ratio of 8.73 and P/S ratio of 0.64. The dividend yield of DTE Energy Company stocks is 5.77%. DTE Energy Company had an annual average earning growth of 7.5% over the past 5 years.

New Purchase: Pinnacle West Capital Corp. (PNW)

John Hussman initiated holdings in Pinnacle West Capital Corp.. His purchase prices were between $29.56 and $35.29, with an estimated average price of $33.1. The impact to his portfolio due to this purchase was 0.07%. His holdings were 75,000 shares as of 09/30/2008.

Pinnacle West Capital is engaged through its subsidiaries in the generation transmission and distribution of electricity and selling energy products and services; in real estate development; and in venture capital investment. Its primary subsidiary is Arizona Public Service Company. The company's other subsidiaries include SunCor El Dorado APSEnergy Services and Pinnacle West Energy. Pinnacle West Capital Corp. has a market cap of $2.92 billion; its shares were traded at around $28.99 with a P/E ratio of 10.29 and P/S ratio of 0.83. The dividend yield of Pinnacle West Capital Corp. stocks is 7.18%.

New Purchase: Barclays PLC (BCS)

John Hussman initiated holdings in Barclays PLC. His purchase prices were between $20.88 and $32.5, with an estimated average price of $25.8. The impact to his portfolio due to this purchase was 0.07%. His holdings were 100,000 shares as of 09/30/2008.

Barclays PLC operates in commercial and investment banking insurance financial and other related services. Barclays subsidiary Barclays Bank PLC maintains 2500 branches in the United Kingdom and 1000 branches in over 75 other countries. Barclays PLC has a market cap of $14.21 billion; its shares were traded at around $8.18 with a P/E ratio of 2.86 and P/S ratio of 0.44. The dividend yield of Barclays PLC stocks is 28.52%. Barclays PLC had an annual average earning growth of 26% over the past 10 years.

New Purchase: Ameren Corp. (AEE)

John Hussman initiated holdings in Ameren Corp.. His purchase prices were between $38.57 and $41.83, with an estimated average price of $40.4. The impact to his portfolio due to this purchase was 0.06%. His holdings were 50,000 shares as of 09/30/2008.

Ameren Corporation companies provide energy services customers in Missouri and Illinois. AmerenUE one of its subsidiaries is the one of the largest electric utilities in Missouri and distributors of natural gas. AmerenCIPS another subsidiary is both an electric and natural gas utility and serves one of the largest geographic areas of Illinois-based utility companies. (Company Press Release) Ameren Corp. has a market cap of $7.02 billion; its shares were traded at around $32.66 with a P/E ratio of 10.62 and P/S ratio of 0.91. The dividend yield of Ameren Corp. stocks is 7.54%. Ameren Corp. had an annual average earning growth of 0.6% over the past 10 years.

New Purchase: Progenics Pharmaceuticals Inc. (PGNX)

John Hussman initiated holdings in Progenics Pharmaceuticals Inc.. His purchase prices were between $12.19 and $17.07, with an estimated average price of $14.9. The impact to his portfolio due to this purchase was 0.04%. His holdings were 100,000 shares as of 09/30/2008.

Progenics Pharmaceuticals Inc. is a biopharmaceutical company focusing on the development & commercialization of innovative therapeutic products to treat the unmet medical needs of patients with debilitating conditions and life-threatening diseases. Principal programs are directed toward symptom management and supportive care and the treatment of HIV infection and cancer. The Company has four product candidates in clinical development and several others in preclinical development. The Company in collaboration with Wyeth is developing methylnaltrexone for the treatment of opioid-induced side effects including constipation and post-operative ileus. In the area of HIV infection the Company is developing the viral-entry inhibitor PRO one hundred forty a humanized monoclonal antibody targeting the HIV coreceptor CCR5. In addition the Company is conducting research on ProVax a novel prophylactic HIV vaccine. Progenics Pharmaceuticals Inc. has a market cap of $239.80 million; its shares were traded at around $7.68 with P/S ratio of 3.05.

New Purchase: Cell Genesys Inc. (CEGE)

John Hussman initiated holdings in Cell Genesys Inc.. His purchase prices were between $0.65 and $3.27, with an estimated average price of $2.1. The impact to his portfolio due to this purchase was 0.01%. His holdings were 560,000 shares as of 09/30/2008.

Cell Genesys Inc. has focused its research and product development efforts on human disease therapies which are based on innovative gene modification technologies. The company's strategic objective is to develop and commercialize in vivo and/or ex vivo gene therapies to treat cancer and other major life-threatening diseases including hemophilia. Cell Genesys' clinical programs include GVAX cancer vaccines in Phase II studies for prostate cancer and Phase I/II studies for lung cancer. Cell Genesys Inc. has a market cap of $16.88 million; its shares were traded at around $0.2 with P/S ratio of 0.37.

New Purchase: Avant Immunotherapeutics Inc. (AVAN)

John Hussman initiated holdings in Avant Immunotherapeutics Inc.. His purchase prices were between $11.11 and $16.38, with an estimated average price of $13.9. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 15,000 shares as of 09/30/2008.

AVANT Immunotherapeutics Inc. discovers and develops innovative vaccines and therapeutics that harness the human immune system to prevent and treat disease. AVANT has three products on the market and five of AVANT's products are in clinical development including a treatment to reduce complement- mediated tissue damage associated with cardiac bypass surgery and a novel vaccine for cholesterol management. AVANT is also developing a pipeline of products for biodefense travelers' vaccines global health and pandemic flu needs based on AVANT's oral rapid-protecting single-dose and temperature stable vaccine technology. Avant Immunotherapeutics Inc. has a market cap of $ million; its shares were traded at around $11.63 . Avant Immunotherapeutics Inc. had an annual average earning growth of 9.1% over the past 5 years.

Reduced: King Pharmaceuticals Inc. (KG)

John Hussman reduced to his holdings in King Pharmaceuticals Inc. by 77.5%. His sale prices were between $9.76 and $12.19, with an estimated average price of $11.1. The impact to his portfolio due to this sale was -0.02%. John Hussman still held 90,000 shares as of 09/30/2008.

King Pharmaceuticals Inc. is a vertically integrated pharmaceutical company that manufactures markets and sells primarily branded prescription pharmaceutical products. Through a national sales force they market their branded pharmaceutical products to general/family practitioners internal medicine physicians cardiologists endocrinologists pediatricians and hospitals across the country. King Pharmaceuticals Inc. has a market cap of $2.31 billion; its shares were traded at around $8.62 with a P/E ratio of 8.91 and P/S ratio of 1.21. King Pharmaceuticals Inc. had an annual average earning growth of 10.9% over the past 10 years.

Reduced: NETGEAR Inc. (NTGR)

John Hussman reduced to his holdings in NETGEAR Inc. by 25.37%. His sale prices were between $13.05 and $17.19, with an estimated average price of $15.4. The impact to his portfolio due to this sale was -0.05%. John Hussman still held 500,000 shares as of 09/30/2008.

Netgear Inc designs technologically advanced branded networking products that address the specific needs of small business and home users. The company's suite of products enables users to share Internet access peripherals files digital multimedia content and applications among multiple personal computers and other Internet-enabled devices. NETGEAR Inc. has a market cap of $377.13 million; its shares were traded at around $9.99 with a P/E ratio of 10.13 and P/S ratio of 0.45. NETGEAR Inc. had an annual average earning growth of 31.7% over the past 5 years.

Reduced: CurrencyShares Japanese Yen Trust (FXY)

John Hussman reduced to his holdings in CurrencyShares Japanese Yen Trust by 33.33%. His sale prices were between $90.18 and $93.95, with an estimated average price of $92.4. The impact to his portfolio due to this sale was -0.09%. John Hussman still held 100,000 shares as of 09/30/2008.

CurrencyShares Japanese Yen Trust has a market cap of $ million; its shares were traded at around $104.09 .

Sold Out: Sybase Inc. (SY)

John Hussman sold out his holdings in Sybase Inc.. His sale prices were between $28.5 and $36.17, with an estimated average price of $33. The impact to his portfolio due to this sale was less than 0.01%.

Sybase is the largest global enterprise software company exclusively focused on managing and mobilizing information from the data center to the point of action. Sybase provides open cross-platform solutions that securely deliver information anytime anywhere enabling customers to create an information edge. The world's most critical data in commerce finance government healthcare and defense runs on Sybase. Sybase Inc. has a market cap of $1.91 billion; its shares were traded at around $23.65 with a P/E ratio of 13.16 and P/S ratio of 1.68. Sybase Inc. had an annual average earning growth of 13.8% over the past 5 years.

Sold Out: Advanced Energy Industries Inc. (AEIS)

John Hussman sold out his holdings in Advanced Energy Industries Inc.. His sale prices were between $12.93 and $16.55, with an estimated average price of $14.7. The impact to his portfolio due to this sale was less than 0.01%.

Advanced Energy is a global leader in the development and support of technologies critical to high-technology high-growth manufacturing processes used in the production of semiconductors flat panel displays data storage products solar cells architectural glass and other advanced product applications. Leveraging a diverse product portfolio and technology leadership Advanced Energy creates solutions that maximize process impact improve productivity and lower the cost of ownership for its customers. This portfolio includes a comprehensive line of technology solutions in power flow thermal management and plasma and ion beam sources for original equipment manufacturers and end-users around the world. Advanced Energy operates in regional centers in North America Asia and Europe and offers global sales and support through direct offices representatives and distributors Advanced Energy Industries Inc. has a market cap of $277.76 million; its shares were traded at around $6.63 with a P/E ratio of 13.63 and P/S ratio of 0.80.

Sold Out: Adobe Systems Inc. (ADBE)

John Hussman sold out his holdings in Adobe Systems Inc.. His sale prices were between $39.24 and $45.15, with an estimated average price of $41.8. The impact to his portfolio due to this sale was less than 0.01%.

Adobe Systems Incorporated is a provider of graphic design publishing and imaging software for Web and print production. It offers a market-leading line of application software products for creating distributing and managing information of all types. The company license its industry-standard technologies to major hardware manufacturers software developers and service providers and offer integrated software solutions to businesses of all sizes. Adobe Systems Inc. has a market cap of $11.55 billion; its shares were traded at around $21.38 with a P/E ratio of 14.40 and P/S ratio of 3.18. Adobe Systems Inc. had an annual average earning growth of 15% over the past 10 years.

Sold Out: United Technologies Corp. (UTX)

John Hussman sold out his holdings in United Technologies Corp.. His sale prices were between $59.95 and $66.3, with an estimated average price of $63.5. The impact to his portfolio due to this sale was less than 0.01%.

United Technologies Corporation provides a broad range of high technology products and services to the building systems and aerospace industries. Those products include Pratt & Whitney aircraft engines space propulsion systems and industrial gas turbines; Carrier heating air conditioning and refrigeration; Otis elevator escalator and people movers; Hamilton Sundstrand aerospace and industrial products; Sikorsky helicopters and International Fuel Cells power systems. (Company Press Release) United Technologies Corp. has a market cap of $45.42 billion; its shares were traded at around $46.67 with a P/E ratio of 10.05 and P/S ratio of 0.75. The dividend yield of United Technologies Corp. stocks is 3.07%. United Technologies Corp. had an annual average earning growth of 13.6% over the past 10 years.

Sold Out: The TJX Companies Inc. (TJX)

John Hussman sold out his holdings in The TJX Companies Inc.. His sale prices were between $31 and $36.71, with an estimated average price of $33.8. The impact to his portfolio due to this sale was less than 0.01%.

TJX Companies Inc. is an off-price retailer of apparel and home fashions in the U.S. and worldwide. The company operates T.J. Maxx stores Marshalls stores and Winners Apparel Ltd. stores a Canadian off-price family apparel and home fashions chain. It also operates HomeGoods a U.S. off-price home fashions chains and T.K. Maxx an off-price family apparel and home fashions chain in the United Kingdom the Republic of Ireland and the Netherlands. In addition it operates A.J. Wright a new U.S. chain of off-price family apparel and home fashions stores. The TJX Companies Inc. has a market cap of $9.29 billion; its shares were traded at around $19.94 with a P/E ratio of 10.10 and P/S ratio of 0.45. The dividend yield of The TJX Companies Inc. stocks is 2.06%. The TJX Companies Inc. had an annual average earning growth of 11.9% over the past 10 years.

Sold Out: Sysco Corp. (SYY)

John Hussman sold out his holdings in Sysco Corp.. His sale prices were between $26.89 and $34.37, with an estimated average price of $30.7. The impact to his portfolio due to this sale was less than 0.01%.

Sysco Corporation is the largest North American distributor of food and food related products to the foodservice or `food-prepared-away-from-home` industry. The company provides its products and services to restaurants healthcare and educational facilities lodging establishments and other foodservice customers. Sysco Corp. has a market cap of $13.57 billion; its shares were traded at around $22.22 with a P/E ratio of 12.30 and P/S ratio of 0.35. The dividend yield of Sysco Corp. stocks is 3.88%. Sysco Corp. had an annual average earning growth of 13.3% over the past 10 years.

Sold Out: ON Semiconductor Corp. (ONNN)

John Hussman sold out his holdings in ON Semiconductor Corp.. His sale prices were between $7.02 and $10.42, with an estimated average price of $8.9. The impact to his portfolio due to this sale was less than 0.01%.

ON SEMICON CORP. is a supplier of broadband and power management integrated circuits and standard semiconductors used in numerous advanced devices ranging from high-speed fiber optic networking equipment to the precise power management functions found in portable electronics. Their products provide clock management and data flow management for precision computing and communications systems and power management for distributing and monitoring the supply of power to the different elements within virtually every electronic device. ON Semiconductor Corp. has a market cap of $1.04 billion; its shares were traded at around $2.62 with a P/E ratio of 4.84 and P/S ratio of 0.53.

Sold Out: Hologic Inc. (HOLX)

John Hussman sold out his holdings in Hologic Inc.. His sale prices were between $18.63 and $23.97, with an estimated average price of $21. The impact to his portfolio due to this sale was less than 0.01%.

Hologic Inc. is a leading supplier of high quality innovative and clinically valuable diagnostic systems and tests. The company develops manufactures and markets X-ray bone densitometers and ultrasound bone analyzers that address a growing market for osteoporosis prevention and treatment -- a key element of women's health care. The systems are used by more leading medical schools universities and osteoporosis opinion leaders than any other bone densitometer. Hologic Inc. has a market cap of $3.26 billion; its shares were traded at around $11.84 with P/S ratio of 1.81. Hologic Inc. had an annual average earning growth of 127.1% over the past 5 years.

Sold Out: Hasbro Inc. (HAS)

John Hussman sold out his holdings in Hasbro Inc.. His sale prices were between $34.43 and $40.52, with an estimated average price of $37.3. The impact to his portfolio due to this sale was less than 0.01%.

Hasbro Inc. is a worldwide leader in children's and family leisure time andentertainment products and services including the design manufacture andmarketing of games and toys ranging from traditional to high-tech. Bothinternationally and in the U.S. its PLAYSKOOL KENNER TONKA ODDZON SUPER SOAKER MILTON BRADLEY PARKER BROTHERS TIGER HASBRO INTERACTIVEMICROPROSE GALOOB and WIZARDS OF THE COAST brands and products provide what the company believes to be the highest quality and most recognizable play experiences in the world. (PRESS RELEASE) Hasbro Inc. has a market cap of $3.55 billion; its shares were traded at around $24.44 with a P/E ratio of 11.41 and P/S ratio of 0.83. The dividend yield of Hasbro Inc. stocks is 2.97%. Hasbro Inc. had an annual average earning growth of 4.4% over the past 10 years.

Sold Out: MettlerToledo International Inc. (MTD)

John Hussman sold out his holdings in MettlerToledo International Inc.. His sale prices were between $93.17 and $109, with an estimated average price of $103. The impact to his portfolio due to this sale was less than 0.01%.

Mettler-Toledo is the world's largest manufacturer and marketer of weighinginstruments for use in laboratory industrial and food retailing applications. The Company focuses on the high value-added segments of the weighing instruments market by providing solutions for specific applications. The Company also manufactures and sells certain related laboratory measurement instruments with one of the top three market positions worldwide in titrators thermal analysis systems pH meters and lab reactors. MettlerToledo International Inc. has a market cap of $2.3 billion; its shares were traded at around $65.75 with a P/E ratio of 12.09 and P/S ratio of 1.10. MettlerToledo International Inc. had an annual average earning growth of 13.1% over the past 10 years.

Sold Out: The Men's Wearhouse Inc. (MW)

John Hussman sold out his holdings in The Men's Wearhouse Inc.. His sale prices were between $16.52 and $25.4, with an estimated average price of $21. The impact to his portfolio due to this sale was less than 0.01%.

Men's Wearhouse Inc. is one of the largest specialty retailers of menswear in the United States and Canada. Under the Men's Wearhouse brand the company targets middle and upper middle income men by offering quality merchandise at everyday low prices. In addition to value Men's Wearhouse Inc. provides a superior level of customer service. The Men's Wearhouse Inc. has a market cap of $504.80 million; its shares were traded at around $8.77 with a P/E ratio of 5.42 and P/S ratio of 0.22. The dividend yield of The Men's Wearhouse Inc. stocks is 2.31%. The Men's Wearhouse Inc. had an annual average earning growth of 12.8% over the past 10 years.

Sold Out: Illinois Tool Works Inc. (ITW)

John Hussman sold out his holdings in Illinois Tool Works Inc.. His sale prices were between $44.77 and $49.66, with an estimated average price of $47.4. The impact to his portfolio due to this sale was less than 0.01%.

Illinois Tool Works Inc. manufactures and markets a variety of productsand systems that provide specific problem-solving solutions for a diversecustomer base worldwide. The company's business units are divided into six segments: Engineered Products-North America; Engineered Products-International; Specialty Systems-North America; Specialty Systems-International; Consumer Products; and Leasing and Investments. Illinois Tool Works Inc. has a market cap of $16.16 billion; its shares were traded at around $30.49 with a P/E ratio of 9.54 and P/S ratio of 0.90. The dividend yield of Illinois Tool Works Inc. stocks is 3.89%. Illinois Tool Works Inc. had an annual average earning growth of 9.2% over the past 10 years.

Sold Out: McDonald's Corp. (MCD)

John Hussman sold out his holdings in McDonald's Corp.. His sale prices were between $56.84 and $65.27, with an estimated average price of $61.3. The impact to his portfolio due to this sale was less than 0.01%.

McDonald's Corporation develops operates franchises and services a worldwide system of restaurants that prepare assemble package and sell a limited menu of value-priced foods. The company operates primarily in the quick-service hamburger restaurant business. All restaurants are operated by the company or under the terms of franchise arrangements by franchisees who are independent third parties or by affiliates operating under joint-venture agreements between the company and local business people. McDonald's Corp. has a market cap of $61.89 billion; its shares were traded at around $55.15 with a P/E ratio of 14.03 and P/S ratio of 2.59. The dividend yield of McDonald's Corp. stocks is 2.67%. McDonald's Corp. had an annual average earning growth of 7.2% over the past 10 years.

Sold Out: Oracle Corp. (ORCL)

John Hussman sold out his holdings in Oracle Corp.. His sale prices were between $19.61 and $23.52, with an estimated average price of $21.3. The impact to his portfolio due to this sale was less than 0.01%.

Oracle Corporation is one of the world's leading suppliers of software for information management. The company develops manufactures markets and distributes computer software that helps corporations manage and grow their businesses. The company's software products can be categorized intotwo broad areas: Systems software and Internet business applications software. Oracle Corp. has a market cap of $84.46 billion; its shares were traded at around $16.38 with a P/E ratio of 14.90 and P/S ratio of 3.63. Oracle Corp. had an annual average earning growth of 18.2% over the past 10 years.

Sold Out: Pediatrix Medical Group Inc. (PDX)

John Hussman sold out his holdings in Pediatrix Medical Group Inc.. His sale prices were between $48.41 and $58.15, with an estimated average price of $53.7. The impact to his portfolio due to this sale was less than 0.01%.

PEDIATRIX MEDICAL GROUP INC. is a provider of physician management services to hospital-based neonatal intensive care units (NICUs) based upon its own market research. They also provide physician management services to hospitals based pediatric intensive care units (PICUs) and pediatrics departments in hospitals. Pediatrix Medical Group Inc. has a market cap of $1.17 billion; its shares were traded at around $24.81 with a P/E ratio of 7.17 and P/S ratio of 1.11. Pediatrix Medical Group Inc. had an annual average earning growth of 14.1% over the past 10 years.

Sold Out: The Procter & Gamble Company (PG)

John Hussman sold out his holdings in The Procter & Gamble Company. His sale prices were between $62.65 and $72.69, with an estimated average price of $67.7. The impact to his portfolio due to this sale was less than 0.01%.

The Procter & Gamble Company manufactures and markets a broad range of consumer products in many countries throughout the world. Products fall into five business segments: fabric and home care paper beauty care health care and food and beverage. Today P&G markets more than 250 products to more than five billion consumers in 130 countries. The Procter & Gamble Company has a market cap of $189.26 billion; its shares were traded at around $63.09 with a P/E ratio of 16.89 and P/S ratio of 2.21. The dividend yield of The Procter & Gamble Company stocks is 2.54%. The Procter & Gamble Company had an annual average earning growth of 10.8% over the past 10 years.

Sold Out: BT Group plc (BT)

John Hussman sold out his holdings in BT Group plc. His sale prices were between $30.28 and $39.28, with an estimated average price of $33.5. The impact to his portfolio due to this sale was less than 0.01%.

BT Group plc is a holding corporation which operates primarily through British Telecommunications plc an international provider of tele-communications services. The Company provides local and long-distance telephone call products and services in the United Kingdom telephone exchange lines to homes and businesses international telephone calls to and from the United Kingdom and telecommunications equipment for customers' premises. BT Group plc has a market cap of $15.53 billion; its shares were traded at around $18.72 with a P/E ratio of 6.82 and P/S ratio of 0.46. The dividend yield of BT Group plc stocks is 15.48%.

Sold Out: BJ's Wholesale Club Inc. (BJ)

John Hussman sold out his holdings in BJ's Wholesale Club Inc.. His sale prices were between $35.8 and $42.6, with an estimated average price of $39.6. The impact to his portfolio due to this sale was less than 0.01%.

BJS Warehouse offers an assortment of brand name food and generalmerchandise items within a wide range of product categories. In order toachieve high sales volumes and rapid inventory turnover merchandise selections are generally limited to items that are brand name leaders in their categories. Since warehouse clubs sell a diversified selection of product categories the company attracts customers from a wide range of other wholesale and retail distribution channels such as supermarkets supercenters department stores drug stores and discount stores. BJ's Wholesale Club Inc. has a market cap of $2.01 billion; its shares were traded at around $32.71 with a P/E ratio of 16.42 and P/S ratio of 0.20. BJ's Wholesale Club Inc. had an annual average earning growth of 4.3% over the past 10 years.

Sold Out: Biogen Idec Inc (BIIB)

John Hussman sold out his holdings in Biogen Idec Inc. His sale prices were between $48.59 and $69.5, with an estimated average price of $54.6. The impact to his portfolio due to this sale was less than 0.01%.

IDEC Pharmaceuticals Corporation is a biopharmaceutical company engaged primarily in the research development and commercialization of targeted therapies for the treatment of cancer and autoimmune and inflammatory diseases. Their first commercial product Rituxan and our most advanced product candidate ZEVALIN are for use in the treatment of certain B-cellnon-Hodgkin's lymphomas. They are also developing products for the treatment of various autoimmune diseases (such as psoriasis rheumatoidarthritis and lupus). Biogen Idec Inc has a market cap of $11.73 billion; its shares were traded at around $39.64 with a P/E ratio of 15.37 and P/S ratio of 2.95.

Sold Out: KLATencor Corp. (KLAC)

John Hussman sold out his holdings in KLATencor Corp.. His sale prices were between $32.61 and $39.42, with an estimated average price of $36.5. The impact to his portfolio due to this sale was less than 0.01%.

KLA-Tencor Corporation is one of the world's leading suppliers of process control and yield management solutions for the semiconductor and related microelectronics industries. Its comprehensive portfolio of products software analysis services and expertise is designed to help integrated circuit manufacturers manage yield throughout the entire wafer fabrication process. KLATencor Corp. has a market cap of $2.79 billion; its shares were traded at around $16.57 with a P/E ratio of 10.21 and P/S ratio of 1.18. The dividend yield of KLATencor Corp. stocks is 3.3%. KLATencor Corp. had an annual average earning growth of 16.4% over the past 10 years.

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