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
3M CO COM COM 88579Y101 745 5,488 SH   SOLE   5,488 0 0
ABB LTD ADR COM 000375204 729 28,285 SH   SOLE   28,285 0 0
ADECOAGRO SA F COM l00849106 368 45,067 SH   SOLE   45,067 0 0
ADOBE SYSTEMS INC COM COM 00724F101 11,876 180,648 SH   SOLE   180,648 0 0
ALTRIA GROUP INC COM COM 02209S103 346 9,233 SH   SOLE   9,233 0 0
AMERICAN EXPRESS CO CM COM 025816109 706 7,843 SH   SOLE   7,843 0 0
ANDERSONS INC COM 034164103 528 8,918 SH   SOLE   8,918 0 0
ANNIES INC COM COM 03600T104 5,090 126,644 SH   SOLE   126,644 0 0
APPLE INC COM COM 037833100 548 1,021 SH   SOLE   1,021 0 0
ASHLAND INC NEW COM 044209104 373 3,753 SH   SOLE   3,753 0 0
AT&T INC COM COM 00206R102 555 15,833 SH   SOLE   15,833 0 0
AUTOMATIC DATA PROCESSING INC COM 053015103 638 8,261 SH   SOLE   8,261 0 0
BAIDU COM INC SPONS ADR REPSTG COM 056752108 12,519 82,215 SH   SOLE   82,215 0 0
BANCORP INC DEL COM COM 05969A105 4,884 259,640 SH   SOLE   259,640 0 0
BOEING CO COM COM 097023105 8,037 64,046 SH   SOLE   64,046 0 0
CA INCORPORATED COM COM 12673P105 231 7,455 SH   SOLE   7,455 0 0
CABOT OIL & GAS COM 127097103 1,764 52,080 SH   SOLE   52,080 0 0
CARPENTER TECHNOLOGY CORP COM COM 144285103 10,971 166,130 SH   SOLE   166,130 0 0
CATERPILLAR INC COM COM 149123101 621 6,250 SH   SOLE   6,250 0 0
CDW CORP COM COM 12514G108 13,902 506,616 SH   SOLE   506,616 0 0
CHEFS WAREHOUSE COM COM 163086101 3,856 180,196 SH   SOLE   180,196 0 0
CHEVRON CORP COM COM 166764100 568 4,779 SH   SOLE   4,779 0 0
CIMAREX ENERGY CO COM 171798101 9,583 80,451 SH   SOLE   80,451 0 0
CLOUD PEAK ENERGY INC COM 18911q102 562 26,607 SH   SOLE   26,607 0 0
COCA COLA CO COM COM 191216100 558 14,433 SH   SOLE   14,433 0 0
COLGATE PALMOLIVE CO COM COM 194162103 470 7,249 SH   SOLE   7,249 0 0
COMPASS MINERALS INTERNATIONAL COM 20451N101 10,940 132,575 SH   SOLE   132,575 0 0
CONAGRA FOODS INC COM COM 205887102 235 7,570 SH   SOLE   7,570 0 0
CTRIP COM INTL LTD AMERICAN DE COM 22943F100 11,997 237,945 SH   SOLE   237,945 0 0
DEVON ENERGY CORPORATION COMMO COM 25179M103 870 12,999 SH   SOLE   12,999 0 0
DU PONT E I DE NEMOURS & CO CO COM 263534109 714 10,638 SH   SOLE   10,638 0 0
ELDORADO GOLD CORP NEW F COM 284902103 485 86,861 SH   SOLE   86,861 0 0
EQT CORP COM 26884l109 1,889 19,484 SH   SOLE   19,484 0 0
EXXON MOBIL CORPORATION COM COM 30231G102 426 4,364 SH   SOLE   4,364 0 0
FREEPORT MCMORAN COPPER & GOLD COM 35671D857 531 16,057 SH   SOLE   16,057 0 0
HCP INC COM COM 40414L109 508 13,103 SH   SOLE   13,103 0 0
HOME DEPOT INC COM COM 437076102 707 8,936 SH   SOLE   8,936 0 0
HOSPIRA INC COM COM 441060100 12,563 290,471 SH   SOLE   290,471 0 0
INNOPHOS HLDGS INC COM COM 45774N108 1,515 26,711 SH   SOLE   26,711 0 0
INTEL CORP COM COM 458140100 567 21,956 SH   SOLE   21,956 0 0
INTL BUSINESS MACHINES COM COM 459200101 1,116 5,799 SH   SOLE   5,799 0 0
JOHNSON & JOHNSON COM COM 478160104 675 6,872 SH   SOLE   6,872 0 0
JP MORGAN CHASE & CO COM COM 46625H100 6,516 107,330 SH   SOLE   107,330 0 0
KRAFT FOODS GROUP INC COM COM 50076Q106 331 5,898 SH   SOLE   5,898 0 0
MARTIN MARIETTA MATRLS COM 573284106 607 4,728 SH   SOLE   4,728 0 0
MCDONALDS CORP COM COM 580135101 533 5,435 SH   SOLE   5,435 0 0
MEAD JOHNSON NUTRITION COMPANY COM 582839106 8,428 101,373 SH   SOLE   101,373 0 0
MERCK & CO INC. COM COM 58933Y105 744 13,114 SH   SOLE   13,114 0 0
MONDELEZ INTL INC COM COM 609207105 356 10,315 SH   SOLE   10,315 0 0
MORGAN STANLEY COM COM 617446448 6,626 212,587 SH   SOLE   212,587 0 0
MOSAIC CO NEW COM 61945c103 743 14,867 SH   SOLE   14,867 0 0
MURPHY USA INC COM COM 626755102 9,132 224,977 SH   SOLE   224,977 0 0
NATIONAL FUEL GAS CO N J COM COM 636180101 972 13,879 SH   SOLE   13,879 0 0
NEWS CORPORATION CLASS A COM COM 65249b109 8,756 508,457 SH   SOLE   508,457 0 0
NORWEGIAN CRUISE LINE HLDGS OR COM G66721104 1,711 53,021 SH   SOLE   53,021 0 0
PAN AMERICAN SILVER CP F COM 697900108 440 34,180 SH   SOLE   34,180 0 0
PAYCHEX INC COM COM 704326107 453 10,635 SH   SOLE   10,635 0 0
PEABODY ENERGY CORP COM COM 704549104 619 37,879 SH   SOLE   37,879 0 0
PENTAIR LTD SHS COM COM H6169Q108 9,930 125,155 SH   SOLE   125,155 0 0
PFIZER INC COM COM 717081103 718 22,352 SH   SOLE   22,352 0 0
PLAINS ALL AMERN PPLN LP UNIT COM 726503105 1,155 20,952 SH   SOLE   20,952 0 0
PRICESMART INC COM COM 741511109 11,259 111,557 SH   SOLE   111,557 0 0
PROCTER GAMBLE CO COM COM 742718109 600 7,450 SH   SOLE   7,450 0 0
RANGE RESOURCES CORP COM 75281a109 10,995 132,523 SH   SOLE   132,523 0 0
REYNOLDS AMERICAN INC COM COM 761713106 362 6,768 SH   SOLE   6,768 0 0
SEABOARD CORP COM 811543107 388 148 SH   SOLE   148 0 0
SILVER WHEATON CORP F COM 828336107 318 14,013 SH   SOLE   14,013 0 0
SM ENERGY CO COM 78454l100 865 12,130 SH   SOLE   12,130 0 0
SNYDERS-LANCE INC COM COM 833551104 8,736 309,882 SH   SOLE   309,882 0 0
SPDR GOLD TRUST SPDR GOLD SHAR COM 78463v107 460 3,721 SH   SOLE   3,721 0 0
STILLWATER MINING CORP COM 86074q102 402 27,126 SH   SOLE   27,126 0 0
SYSCO CORP COM COM 871829107 336 9,295 SH   SOLE   9,295 0 0
TESORO CORPORATION COM 881609101 369 7,295 SH   SOLE   7,295 0 0
THE TRAVELERS COMPANIES INC CO COM 89417E109 443 5,200 SH   SOLE   5,200 0 0
TRIANGLE PETROLEUM NEW COM 89600b201 396 48,053 SH   SOLE   48,053 0 0
ULTRA PETROLEUM CORP ORD COM 903914109 215 8,000 SH   SOLE   8,000 0 0
VAIL RESORTS INC COM COM 91879Q109 8,835 126,751 SH   SOLE   126,751 0 0
VALERO ENERGY CORP NEW COM 91913y100 620 11,684 SH   SOLE   11,684 0 0
VERIZON COMMUNICATIONS COM COM 92343V104 600 12,619 SH   SOLE   12,619 0 0
VULCAN MATLS CO COM COM 929160109 553 8,316 SH   SOLE   8,316 0 0
WALT DISNEY CO COM COM 254687106 818 10,222 SH   SOLE   10,222 0 0
WASTE MANAGEMENT INC COM COM 94106L109 419 9,959 SH   SOLE   9,959 0 0
WHITING PETROLEUM CORP COM 966387102 790 11,386 SH   SOLE   11,386 0 0
WILEY JOHN & SONS INC CL A COM 968223206 10,273 178,221 SH   SOLE   178,221 0 0
ZOETIS INC CL A COM 98978V103 9,490 327,913 SH   SOLE   327,913 0 0