The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AMERICAN INTL GROUP INC COM NEW 026874784 16,276 318,829 SH   SOLE   318,829 0 0
AMERICAN TOWER CORP NEW COM 03027X100 23,220 290,904 SH   SOLE   290,904 0 0
ASSURED GUARANTY LTD COM G0585R106 26,144 1,108,278 SH   SOLE   1,108,278 0 0
CELANESE CORP DEL COM SER A 150870103 14,995 271,104 SH   SOLE   271,104 0 0
CHENIERE ENERGY INC COM NEW 16411R208 19,473 451,600 SH   SOLE   451,600 0 0
CHIPOTLE MEXICAN GRILL INC COM 169656105 17,499 32,844 SH   SOLE   32,844 0 0
COMMSCOPE HLDG CO INC COM 20337X109 16,876 891,486 SH   SOLE   891,486 0 0
COPA HOLDINGS SA CL A P31076105 16,444 102,705 SH   SOLE   102,705 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 21,258 773,853 SH   SOLE   773,853 0 0
DISCOVER FINL SVCS COM 254709108 24,373 435,620 SH   SOLE   435,620 0 0
DOLLAR TREE INC COM 256746108 20,357 360,815 SH   SOLE   360,815 0 0
E HOUSE CHINA HLDGS LTD ADR 26852W103 30,129 1,997,932 SH   SOLE   1,997,932 0 0
EATON CORP PLC SHS G29183103 16,370 215,053 SH   SOLE   215,053 0 0
EXTENDED STAY AMER INC UNIT 99/99/9999B 30224P200 16,286 620,200 SH   SOLE   620,200 0 0
FREESCALE SEMICONDUCTOR LTD SHS G3727Q101 22,387 1,394,842 SH   SOLE   1,394,842 0 0
GENERAL MTRS CO COM 37045V100 29,701 726,725 SH   SOLE   726,725 0 0
ICICI BK LTD ADR 45104G104 24,069 647,549 SH   SOLE   647,549 0 0
LOUISIANA PAC CORP COM 546347105 23,185 1,252,572 SH   SOLE   1,252,572 0 0
MONSANTO CO NEW COM 61166W101 13,536 116,137 SH   SOLE   116,137 0 0
NAVIGATOR HOLDINGS LTD SHS Y62132108 7,256 269,334 SH   SOLE   269,334 0 0
NEW ORIENTAL ED & TECH GRP I SPON ADR 647581107 20,453 649,296 SH   SOLE   649,296 0 0
PENNEY J C INC COM 708160106 16,988 1,856,582 SH   SOLE   1,856,582 0 0
PRECISION CASTPARTS CORP COM 740189105 19,477 72,325 SH   SOLE   72,325 0 0
QIWI PLC SPON ADR REP B 74735M108 11,360 202,866 SH   SOLE   202,866 0 0
SOUFUN HLDGS LTD ADR 836034108 15,559 188,800 SH   SOLE   188,800 0 0
SUNCOKE ENERGY INC COM 86722A103 4,735 207,598 SH   SOLE   207,598 0 0
TERADYNE INC COM 880770102 15,441 876,322 SH   SOLE   876,322 0 0
U S G CORP COM NEW 903293405 24,821 874,580 SH   SOLE   874,580 0 0
VULCAN MATLS CO COM 929160109 29,284 492,823 SH   SOLE   492,823 0 0
YANDEX N V SHS CLASS A N97284108 16,597 384,641 SH   SOLE   384,641 0 0