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
ALCOA INC COM 013817101 233,615 14,519,250 SH   OTR 1 0 14,519,250 0
ALCOA INC COM 013817101 8,218 510,765 SH   SOLE   510,765 0 0
ALCOA INC COM 013817101 6,905 429,165 SH   OTR 1 0 429,165 0
ALLEGHENY TECHNOLOGIES INC COM 01741R102 75,540 2,036,132 SH   OTR 1 0 2,036,132 0
ALLEGHENY TECHNOLOGIES INC COM 01741R102 2,667 71,892 SH   SOLE   71,892 0 0
ALLEGHENY TECHNOLOGIES INC COM 01741R102 2,229 60,081 SH   OTR 1 0 60,081 0
AMAZON COM INC COM 023135106 170,816 529,762 SH   OTR 1 0 529,762 0
AMAZON COM INC COM 023135106 6,052 18,768 SH   SOLE   18,768 0 0
AMAZON COM INC COM 023135106 5,005 15,521 SH   OTR 1 0 15,521 0
BANK AMER CORP COM 060505104 205,415 12,047,790 SH   OTR 1 0 12,047,790 0
BANK AMER CORP COM 060505104 7,130 418,166 SH   SOLE   418,166 0 0
BANK AMER CORP COM 060505104 5,999 351,833 SH   OTR 1 0 351,833 0
BAKER HUGHES INC COM 057224107 185,425 2,850,057 SH   OTR 1 0 2,850,057 0
BAKER HUGHES INC COM 057224107 6,547 100,631 SH   SOLE   100,631 0 0
BAKER HUGHES INC COM 057224107 5,471 84,098 SH   OTR 1 0 84,098 0
BEACON ROOFING SUPPLY INC COM 073685109 66,255 2,600,286 SH   OTR 1 0 2,600,286 0
BEACON ROOFING SUPPLY INC COM 073685109 2,335 91,622 SH   SOLE   91,622 0 0
BEACON ROOFING SUPPLY INC COM 073685109 1,951 76,570 SH   OTR 1 0 76,570 0
BHP BILLITON LTD SPONSORED ADR 088606108 98,346 1,670,280 SH   OTR 1 0 1,670,280 0
BHP BILLITON LTD SPONSORED ADR 088606108 3,351 56,906 SH   SOLE   56,906 0 0
BHP BILLITON LTD SPONSORED ADR 088606108 2,815 47,814 SH   OTR 1 0 47,814 0
CARPENTER TECHNOLOGY CORP COM 144285103 44,096 976,648 SH   OTR 1 0 976,648 0
CARPENTER TECHNOLOGY CORP COM 144285103 1,702 37,691 SH   SOLE   37,691 0 0
CARPENTER TECHNOLOGY CORP COM 144285103 1,336 29,601 SH   OTR 1 0 29,601 0
CHESAPEAKE ENERGY CORP COM 165167107 135,964 5,914,028 SH   OTR 1 0 5,914,028 0
CHESAPEAKE ENERGY CORP COM 165167107 4,801 208,815 SH   SOLE   208,815 0 0
CHESAPEAKE ENERGY CORP COM 165167107 4,012 174,510 SH   OTR 1 0 174,510 0
CITIGROUP INC COM NEW 172967424 223,599 4,314,917 SH   OTR 1 0 4,314,917 0
CITIGROUP INC COM NEW 172967424 7,895 152,353 SH   SOLE   152,353 0 0
CITIGROUP INC COM NEW 172967424 6,598 127,323 SH   OTR 1 0 127,323 0
CME GROUP INC COM 12572Q105 150,652 1,884,094 SH   OTR 1 0 1,884,094 0
CME GROUP INC COM 12572Q105 5,319 66,524 SH   SOLE   66,524 0 0
CME GROUP INC COM 12572Q105 4,445 55,595 SH   OTR 1 0 55,595 0
COSTCO WHSL CORP NEW COM 22160K105 181,219 1,446,049 SH   OTR 1 0 1,446,049 0
COSTCO WHSL CORP NEW COM 22160K105 6,398 51,057 SH   SOLE   51,057 0 0
COSTCO WHSL CORP NEW COM 22160K105 5,347 42,669 SH   OTR 1 0 42,669 0
CUMMINS INC COM 231021106 140,619 1,065,455 SH   OTR 1 0 1,065,455 0
CUMMINS INC COM 231021106 4,965 37,619 SH   SOLE   37,619 0 0
CUMMINS INC COM 231021106 4,149 31,439 SH   OTR 1 0 31,439 0
D R HORTON INC COM 23331A109 115,087 5,608,532 SH   OTR 1 0 5,608,532 0
D R HORTON INC COM 23331A109 4,072 198,427 SH   SOLE   198,427 0 0
D R HORTON INC COM 23331A109 3,396 165,495 SH   OTR 1 0 165,495 0
DEERE & CO COM 244199105 134,075 1,635,257 SH   OTR 1 0 1,635,257 0
DEERE & CO COM 244199105 4,734 57,738 SH   SOLE   57,738 0 0
DEERE & CO COM 244199105 3,956 48,252 SH   OTR 1 0 48,252 0
DEVON ENERGY CORP NEW COM 25179M103 171,646 2,517,536 SH   OTR 1 0 2,517,536 0
DEVON ENERGY CORP NEW COM 25179M103 6,061 88,890 SH   SOLE   88,890 0 0
DEVON ENERGY CORP NEW COM 25179M103 5,065 74,286 SH   OTR 1 0 74,286 0
DISCOVER FINL SVCS COM 254709108 177,334 2,754,058 SH   OTR 1 0 2,754,058 0
DISCOVER FINL SVCS COM 254709108 6,261 97,241 SH   SOLE   97,241 0 0
DISCOVER FINL SVCS COM 254709108 5,233 81,266 SH   OTR 1 0 81,266 0
DOW CHEM CO COM 260543103 82,123 1,566,029 SH   OTR 1 0 1,566,029 0
DOW CHEM CO COM 260543103 2,824 53,850 SH   SOLE   53,850 0 0
DOW CHEM CO COM 260543103 2,347 44,761 SH   OTR 1 0 44,761 0
EAGLE MATERIALS INC COM 26969P108 212,138 2,083,258 SH   OTR 1 0 2,083,258 0
EAGLE MATERIALS INC COM 26969P108 7,490 73,556 SH   SOLE   73,556 0 0
EAGLE MATERIALS INC COM 26969P108 6,260 61,472 SH   OTR 1 0 61,472 0
EMERSON ELEC CO COM 291011104 157,971 1,952,907 SH   OTR 1 0 1,952,907 0
EMERSON ELEC CO COM 291011104 5,578 68,954 SH   SOLE   68,954 0 0
EMERSON ELEC CO COM 291011104 4,661 57,626 SH   OTR 1 0 57,626 0
FACEBOOK INC CL A 30303M102 241,630 3,057,064 SH   OTR 1 0 3,057,064 0
FACEBOOK INC CL A 30303M102 8,532 107,940 SH   SOLE   107,940 0 0
FACEBOOK INC CL A 30303M102 7,130 90,207 SH   OTR 1 0 90,207 0
FIREEYE INC COM 31816Q101 53,843 1,761,887 SH   OTR 1 0 1,761,887 0
FIREEYE INC COM 31816Q101 1,901 62,209 SH   SOLE   62,209 0 0
FIREEYE INC COM 31816Q101 1,589 51,989 SH   OTR 1 0 51,989 0
FREEPORT-MCMORAN INC CL B 35671D857 155,678 4,768,089 SH   OTR 1 0 4,768,089 0
FREEPORT-MCMORAN INC CL B 35671D857 5,497 168,354 SH   SOLE   168,354 0 0
FREEPORT-MCMORAN INC CL B 35671D857 4,594 140,695 SH   OTR 1 0 140,695 0
FIRST SOLAR INC COM 336433107 172,683 2,623,969 SH   OTR 1 0 2,623,969 0
FIRST SOLAR INC COM 336433107 5,981 90,887 SH   SOLE   90,887 0 0
FIRST SOLAR INC COM 336433107 5,053 76,776 SH   OTR 1 0 76,776 0
GENERAL ELECTRIC CO COM 369604103 137,975 5,385,441 SH   OTR 1 0 5,385,441 0
GENERAL ELECTRIC CO COM 369604103 4,872 190,151 SH   SOLE   190,151 0 0
GENERAL ELECTRIC CO COM 369604103 4,071 158,912 SH   OTR 1 0 158,912 0
HOME DEPOT INC COM 437076102 185,923 2,026,631 SH   OTR 1 0 2,026,631 0
HOME DEPOT INC COM 437076102 6,565 71,557 SH   SOLE   71,557 0 0
HOME DEPOT INC COM 437076102 5,486 59,801 SH   OTR 1 0 59,801 0
INTEL CORP COM 458140100 205,074 5,889,548 SH   OTR 1 0 5,889,548 0
INTEL CORP COM 458140100 7,241 207,951 SH   SOLE   207,951 0 0
INTEL CORP COM 458140100 6,051 173,787 SH   OTR 1 0 173,787 0
IRELAND BK SPNSRD ADR NEW 46267Q202 31,938 2,017,537 SH   OTR 1 0 2,017,537 0
ISHARES MSCI JAPAN ETF 464286848 396,777 33,710,843 SH   OTR 1 0 33,710,843 0
ISHARES MSCI JAPAN ETF 464286848 13,689 1,163,063 SH   SOLE   1,163,063 0 0
ISHARES MSCI JAPAN ETF 464286848 11,502 977,252 SH   OTR 1 0 977,252 0
ISHARES MSCI MEX CAP ETF 464286822 256,129 3,726,599 SH   OTR 1 0 3,726,599 0
ISHARES MSCI MEX CAP ETF 464286822 8,963 130,409 SH   SOLE   130,409 0 0
ISHARES MSCI MEX CAP ETF 464286822 7,500 109,129 SH   OTR 1 0 109,129 0
ISHARES MSCI HONG KG ETF 464286871 474,663 23,347,931 SH   OTR 1 0 23,347,931 0
ISHARES MSCI HONG KG ETF 464286871 16,575 815,274 SH   SOLE   815,274 0 0
ISHARES MSCI HONG KG ETF 464286871 13,882 682,815 SH   OTR 1 0 682,815 0
ISHARES MSCI BRZ CAP ETF 464286400 178,005 4,096,771 SH   OTR 1 0 4,096,771 0
ISHARES MSCI BRZ CAP ETF 464286400 6,207 142,852 SH   SOLE   142,852 0 0
ISHARES MSCI BRZ CAP ETF 464286400 5,198 119,641 SH   OTR 1 0 119,641 0
ISHARES US HOME CONS ETF 464288752 168,490 7,491,778 SH   OTR 1 0 7,491,778 0
ISHARES US HOME CONS ETF 464288752 5,949 264,523 SH   SOLE   264,523 0 0
ISHARES US HOME CONS ETF 464288752 4,972 221,065 SH   OTR 1 0 221,065 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 208,429 15,016,463 SH   OTR 1 0 15,016,463 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 7,146 514,869 SH   SOLE   514,869 0 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 6,005 432,613 SH   OTR 1 0 432,613 0
JOY GLOBAL INC COM 481165108 147,257 2,699,973 SH   OTR 1 0 2,699,973 0
JOY GLOBAL INC COM 481165108 5,199 95,331 SH   SOLE   95,331 0 0
JOY GLOBAL INC COM 481165108 4,345 79,670 SH   OTR 1 0 79,670 0
LENNAR CORP CL A 526057104 144,831 3,729,869 SH   OTR 1 0 3,729,869 0
LENNAR CORP CL A 526057104 5,114 131,696 SH   SOLE   131,696 0 0
LENNAR CORP CL A 526057104 4,274 110,060 SH   OTR 1 0 110,060 0
MARKET VECTORS ETF TR AGRIBUS ETF 57060U605 201,492 3,809,638 SH   OTR 1 0 3,809,638 0
MARKET VECTORS ETF TR AGRIBUS ETF 57060U605 7,114 134,512 SH   SOLE   134,512 0 0
MARKET VECTORS ETF TR AGRIBUS ETF 57060U605 5,946 112,414 SH   OTR 1 0 112,414 0
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 248,858 11,650,666 SH   OTR 1 0 11,650,666 0
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 8,784 411,235 SH   SOLE   411,235 0 0
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 7,343 343,785 SH   OTR 1 0 343,785 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 81,628 751,220 SH   OTR 1 0 751,220 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 2,807 25,832 SH   SOLE   25,832 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 2,333 21,472 SH   OTR 1 0 21,472 0
NUCOR CORP COM 670346105 173,749 3,200,983 SH   OTR 1 0 3,200,983 0
NUCOR CORP COM 670346105 6,135 113,021 SH   SOLE   113,021 0 0
NUCOR CORP COM 670346105 5,127 94,454 SH   OTR 1 0 94,454 0
POTASH CORP SASK INC COM 73755L107 161,126 4,662,204 SH   OTR 1 0 4,662,204 0
POTASH CORP SASK INC COM 73755L107 5,689 164,615 SH   SOLE   164,615 0 0
POTASH CORP SASK INC COM 73755L107 4,754 137,571 SH   OTR 1 0 137,571 0
PRECISION CASTPARTS CORP COM 740189105 131,297 554,275 SH   OTR 1 0 554,275 0
PRECISION CASTPARTS CORP COM 740189105 4,636 19,570 SH   SOLE   19,570 0 0
PRECISION CASTPARTS CORP COM 740189105 3,874 16,355 SH   OTR 1 0 16,355 0
PULTE GROUP INC COM 745867101 132,113 7,480,935 SH   OTR 1 0 7,480,935 0
PULTE GROUP INC COM 745867101 4,665 264,140 SH   SOLE   264,140 0 0
PULTE GROUP INC COM 745867101 3,898 220,746 SH   OTR 1 0 220,746 0
RYLAND GROUP INC COM 783764103 115,983 3,489,258 SH   OTR 1 0 3,489,258 0
RYLAND GROUP INC COM 783764103 4,095 123,200 SH   SOLE   123,200 0 0
RYLAND GROUP INC COM 783764103 3,406 102,457 SH   OTR 1 0 102,457 0
SCHLUMBERGER LTD COM 806857108 211,573 2,080,573 SH   OTR 1 0 2,080,573 0
SCHLUMBERGER LTD COM 806857108 7,470 73,461 SH   SOLE   73,461 0 0
SCHLUMBERGER LTD COM 806857108 6,243 61,393 SH   OTR 1 0 61,393 0
SHERWIN WILLIAMS CO COM 824348106 124,464 568,355 SH   OTR 1 0 568,355 0
SHERWIN WILLIAMS CO COM 824348106 4,394 20,067 SH   SOLE   20,067 0 0
SHERWIN WILLIAMS CO COM 824348106 3,672 16,770 SH   OTR 1 0 16,770 0
SILVER WHEATON CORP COM 828336107 51,996 2,608,909 SH   OTR 1 0 2,608,909 0
SILVER WHEATON CORP COM 828336107 1,860 93,338 SH   SOLE   93,338 0 0
SILVER WHEATON CORP COM 828336107 1,450 72,753 SH   OTR 1 0 72,753 0
SPDR SERIES TRUST S&P HOMEBUILD 78464A888 240,451 8,126,081 SH   OTR 1 0 8,126,081 0
SPDR SERIES TRUST S&P HOMEBUILD 78464A888 8,490 286,919 SH   SOLE   286,919 0 0
SPDR SERIES TRUST S&P HOMEBUILD 78464A888 7,095 239,782 SH   OTR 1 0 239,782 0
SONY CORP ADR NEW 835699307 46,968 2,603,547 SH   OTR 1 0 2,603,547 0
SONY CORP ADR NEW 835699307 1,643 91,065 SH   SOLE   91,065 0 0
SONY CORP ADR NEW 835699307 1,307 72,451 SH   OTR 1 0 72,451 0
SPLUNK INC COM 848637104 89,755 1,621,305 SH   OTR 1 0 1,621,305 0
SPLUNK INC COM 848637104 3,173 57,309 SH   SOLE   57,309 0 0
SPLUNK INC COM 848637104 2,645 47,778 SH   OTR 1 0 47,778 0
ST JOE CO COM 790148100 120,359 6,039,068 SH   OTR 1 0 6,039,068 0
ST JOE CO COM 790148100 4,219 211,678 SH   SOLE   211,678 0 0
ST JOE CO COM 790148100 3,465 173,834 SH   OTR 1 0 173,834 0
SEVENTY SEVEN ENERGY INC COM 818097107 11,556 486,793 SH   OTR 1 0 486,793 0
SEVENTY SEVEN ENERGY INC COM 818097107 400 16,867 SH   SOLE   16,867 0 0
SEVENTY SEVEN ENERGY INC COM 818097107 285 12,001 SH   OTR 1 0 12,001 0
STEEL DYNAMICS INC COM 858119100 183,404 8,111,625 SH   OTR 1 0 8,111,625 0
STEEL DYNAMICS INC COM 858119100 6,476 286,409 SH   SOLE   286,409 0 0
STEEL DYNAMICS INC COM 858119100 5,412 239,356 SH   OTR 1 0 239,356 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 163,065 8,080,501 SH   OTR 1 0 8,080,501 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 5,758 285,310 SH   SOLE   285,310 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 4,812 238,437 SH   OTR 1 0 238,437 0
TECK RESOURCES LTD CL B 878742204 115,400 6,109,044 SH   OTR 1 0 6,109,044 0
TECK RESOURCES LTD CL B 878742204 4,075 215,701 SH   SOLE   215,701 0 0
TECK RESOURCES LTD CL B 878742204 3,405 180,264 SH   OTR 1 0 180,264 0
TOLL BROTHERS INC COM 889478103 105,839 3,396,626 SH   OTR 1 0 3,396,626 0
TOLL BROTHERS INC COM 889478103 3,737 119,929 SH   SOLE   119,929 0 0
TOLL BROTHERS INC COM 889478103 3,123 100,227 SH   OTR 1 0 100,227 0
TRIMBLE NAVIGATION LTD COM 896239100 130,986 4,294,613 SH   OTR 1 0 4,294,613 0
TRIMBLE NAVIGATION LTD COM 896239100 4,625 151,636 SH   SOLE   151,636 0 0
TRIMBLE NAVIGATION LTD COM 896239100 3,865 126,724 SH   OTR 1 0 126,724 0
US BANCORP DEL COM NEW 902973304 160,565 3,838,513 SH   OTR 1 0 3,838,513 0
US BANCORP DEL COM NEW 902973304 5,669 135,532 SH   SOLE   135,532 0 0
US BANCORP DEL COM NEW 902973304 4,834 115,564 SH   OTR 1 0 115,564 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 474,029 11,364,880 SH   OTR 1 0 11,364,880 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 16,250 389,601 SH   SOLE   389,601 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 13,648 327,215 SH   OTR 1 0 327,215 0
WHIRLPOOL CORP COM 963320106 179,346 1,231,349 SH   OTR 1 0 1,231,349 0
WHIRLPOOL CORP COM 963320106 6,038 41,453 SH   SOLE   41,453 0 0
WHIRLPOOL CORP COM 963320106 5,113 35,104 SH   OTR 1 0 35,104 0
WELLS FARGO & CO NEW COM 949746101 175,656 3,386,467 SH   OTR 1 0 3,386,467 0
WELLS FARGO & CO NEW COM 949746101 6,227 120,044 SH   SOLE   120,044 0 0
WELLS FARGO & CO NEW COM 949746101 5,204 100,322 SH   OTR 1 0 100,322 0