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
BUD ADR 03524A108 6,178 61,313 SH   SOLE   61,313 0 0
INCY Common Stock 45337C102 739 11,025 SH   SOLE   11,025 0 0
SGEN Common Stock 812578102 1,097 16,524 SH   SOLE   16,524 0 0
EXEL Common Stock 30161Q104 222 10,316 SH   SOLE   10,316 0 0
FOLD Common Stock 03152W109 292 18,691 SH   SOLE   18,691 0 0
BRK/B Common Stock 084670702 2,079 11,139 SH   SOLE   11,139 0 0
FTI Common Stock G87110105 938 29,550 SH   SOLE   29,550 0 0
PBR/A ADR 71654V101 1,145 129,578 SH   SOLE   129,578 0 0
XPH EPT 78464A722 6,452 150,000 SH   SOLE   150,000 0 0
EEM EPT 464287234 43,330 1,000,000 SH   SOLE   1,000,000 0 0