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 88579Y101 27,348 156,168 SH   SOLE   156,168 0 0
AK STL HLDG CORP COM 001547108 12,848 2,757,102 SH   SOLE   2,757,102 0 0
BHP BILLITON LTD SPONSORED ADR 088606108 13,397 469,088 SH   SOLE   469,088 0 0
CME GROUP INC COM 12572Q105 20,311 208,532 SH   SOLE   208,532 0 0
COSTCO WHSL CORP NEW COM 22160K105 24,044 153,105 SH   SOLE   153,105 0 0
D R HORTON INC COM 23331A109 28,980 920,600 SH   SOLE   920,600 0 0
DBX ETF TR DBXTR HAR CS 300 233051879 4,074 171,449 SH   SOLE   171,449 0 0
FACEBOOK INC CL A 30303M102 15,882 138,978 SH   SOLE   138,978 0 0
FORTUNE BRANDS HOME & SEC IN COM 34964C106 15,055 259,695 SH   SOLE   259,695 0 0
GENERAL ELECTRIC CO COM 369604103 18,619 591,471 SH   SOLE   591,471 0 0
HONEYWELL INTL INC COM 438516106 13,138 112,947 SH   SOLE   112,947 0 0
INTEL CORP COM 458140100 13,084 398,908 SH   SOLE   398,908 0 0
INTUITIVE SURGICAL INC COM NEW 46120E602 19,514 29,503 SH   SOLE   29,503 0 0
ISHARES MSCI BRZ CAP ETF 464286400 8,476 280,900 SH   SOLE   280,900 0 0
ISHARES MSCI TAIWAN ETF 464286731 26,092 1,857,099 SH   SOLE   1,857,099 0 0
ISHARES MSCI STH KOR ETF 464286772 48,225 926,152 SH   SOLE   926,152 0 0
ISHARES MSCI MEX CAP ETF 464286822 47,008 933,240 SH   SOLE   933,240 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 166,089 4,833,800 SH Call SOLE   4,833,800 0 0
ISHARES TR US HOME CONS ETF 464288752 29,262 1,058,300 SH   SOLE   1,058,300 0 0
LENNAR CORP CL A 526057104 17,945 389,256 SH   SOLE   389,256 0 0
LOCKHEED MARTIN CORP COM 539830109 13,940 56,171 SH   SOLE   56,171 0 0
MASCO CORP COM 574599106 14,320 462,836 SH   SOLE   462,836 0 0
MICROSOFT CORP COM 594918104 15,624 305,325 SH   SOLE   305,325 0 0
NORFOLK SOUTHERN CORP COM 655844108 17,305 203,282 SH   SOLE   203,282 0 0
NORTHROP GRUMMAN CORP COM 666807102 14,881 66,950 SH   SOLE   66,950 0 0
POTASH CORP SASK INC COM 73755L107 11,062 681,165 SH   SOLE   681,165 0 0
PULTE GROUP INC COM 745867101 19,671 1,009,298 SH   SOLE   1,009,298 0 0
RANGE RES CORP COM 75281A109 12,746 295,454 SH   SOLE   295,454 0 0
RAYTHEON CO COM NEW 755111507 18,515 136,191 SH   SOLE   136,191 0 0
ROCKWELL AUTOMATION INC COM 773903109 11,392 99,210 SH   SOLE   99,210 0 0
ROSS STORES INC COM 778296103 18,931 333,934 SH   SOLE   333,934 0 0
SCHLUMBERGER LTD COM 806857108 12,371 156,441 SH   SOLE   156,441 0 0
SHERWIN WILLIAMS CO COM 824348106 14,184 48,300 SH   SOLE   48,300 0 0
SILVER WHEATON CORP COM 828336107 17,826 757,577 SH   SOLE   757,577 0 0
SOCIEDAD QUIMICA MINERA DE C SPON ADR SER B 833635105 14,596 590,452 SH   SOLE   590,452 0 0
SONY CORP ADR NEW 835699307 13,315 453,651 SH   SOLE   453,651 0 0
SOUTHERN COPPER CORP COM 84265V105 12,722 471,531 SH   SOLE   471,531 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 1,350,967 6,449,300 SH Call SOLE   6,449,300 0 0
SPDR SERIES TRUST S&P REGL BKG 78464A698 34,340 894,260 SH   SOLE   894,260 0 0
SPDR SERIES TRUST S&P HOMEBUILD 78464A888 18,374 547,828 SH   SOLE   547,828 0 0
SPLUNK INC COM 848637104 5,287 97,571 SH   SOLE   97,571 0 0
ST JOE CO COM 790148100 11,673 658,770 SH   SOLE   658,770 0 0
STEEL DYNAMICS INC COM 858119100 14,416 588,417 SH   SOLE   588,417 0 0
TJX COS INC NEW COM 872540109 13,614 176,285 SH   SOLE   176,285 0 0
WEYERHAEUSER CO COM 962166104 11,492 386,032 SH   SOLE   386,032 0 0