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
3-D SYS CORP DEL COM NEW 88554D205 4,859 52,300 SH   SOLE   52,300 0 0
AGCO CORP COM 001084102 1,360 22,970 SH   SOLE   22,970 0 0
AGRIUM INC COM 008916108 1,136 12,420 SH   SOLE   12,420 0 0
ALTRIA GROUP INC COM 02209S103 5,121 132,490 SH   SOLE   132,490 0 0
AMERICAN EXPRESS CO COM 025816109 5,597 61,700 SH   SOLE   61,700 0 0
ANDERSONS INC COM 034164103 1,147 12,860 SH   SOLE   12,860 0 0
ANSYS INC COM 03662Q105 3,942 45,200 SH   SOLE   45,200 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 3,510 80,880 SH   SOLE   80,880 0 0
AVIS BUDGET GROUP COM 053774105 1,726 42,700 SH   SOLE   42,700 0 0
BAIDU INC SPON ADR REP A 056752108 4,671 26,260 SH   SOLE   26,260 0 0
BRF SA SPONSORED ADR 10552T107 691 33,120 SH   SOLE   33,120 0 0
BUNGE LIMITED COM G16962105 2,680 32,640 SH   SOLE   32,640 0 0
CF INDS HLDGS INC COM 125269100 2,589 11,110 SH   SOLE   11,110 0 0
CNH INDL N V SHS N20944109 808 71,219 SH   SOLE   71,219 0 0
COGNEX CORP COM 192422103 4,549 119,100 SH   SOLE   119,100 0 0
COSAN LTD SHS A G25343107 346 25,200 SH   SOLE   25,200 0 0
DARLING INTL INC COM 237266101 1,140 54,600 SH   SOLE   54,600 0 0
DEERE & CO COM 244199105 2,154 23,580 SH   SOLE   23,580 0 0
DISCOVER FINL SVCS COM 254709108 2,758 49,300 SH   SOLE   49,300 0 0
DOW CHEM CO COM 260543103 4,390 98,370 SH   SOLE   98,370 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 4,106 63,200 SH   SOLE   63,200 0 0
EASTMAN CHEM CO COM 277432100 4,049 50,030 SH   SOLE   50,030 0 0
F M C CORP COM NEW 302491303 2,173 28,800 SH   SOLE   28,800 0 0
FIDELITY NATIONAL FINANCIAL CL A 31620R105 4,134 77,000 SH   SOLE   77,000 0 0
FISERV INC COM 337738108 4,193 71,000 SH   SOLE   71,000 0 0
FRANCO NEVADA CORP COM 351858105 15,123 371,200 SH   SOLE   371,200 0 0
GENERAL MLS INC COM 370334104 1,922 38,500 SH   SOLE   38,500 0 0
GREEN PLAINS RENEWABLE ENERG COM 393222104 955 49,290 SH   SOLE   49,290 0 0
HAIN CELESTIAL GROUP INC COM 405217100 227 2,500 SH   SOLE   2,500 0 0
HERTZ GLOBAL HOLDINGS INC COM 42805T105 1,825 63,800 SH   SOLE   63,800 0 0
HORMEL FOODS CORP COM 440452100 1,893 41,900 SH   SOLE   41,900 0 0
INGREDION INC COM 457187102 726 10,610 SH   SOLE   10,610 0 0
KRAFT FOODS GROUP INC COM 50076Q106 2,321 43,050 SH   SOLE   43,050 0 0
LINDSAY CORP COM 535555106 930 11,240 SH   SOLE   11,240 0 0
LORILLARD INC COM 544147101 4,925 97,190 SH   SOLE   97,190 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 4,082 50,850 SH   SOLE   50,850 0 0
MASTERCARD INC CL A 57636Q104 5,723 6,850 SH   SOLE   6,850 0 0
MONDELEZ INTL INC CL A 609207105 2,577 73,000 SH   SOLE   73,000 0 0
MONSANTO CO NEW COM 61166W101 3,408 29,240 SH   SOLE   29,240 0 0
MOSAIC CO NEW COM 61945C103 1,966 41,590 SH   SOLE   41,590 0 0
PHILIP MORRIS INTL INC COM 718172109 4,915 56,090 SH   SOLE   56,090 0 0
PILGRIMS PRIDE CORP NEW COM 72147K108 538 33,100 SH   SOLE   33,100 0 0
POTASH CORP SASK INC COM 73755L107 1,523 46,220 SH   SOLE   46,220 0 0
PROTO LABS INC COM 743713109 3,380 47,480 SH   SOLE   47,480 0 0
PTC INC COM 69370C100 4,290 121,220 SH   SOLE   121,220 0 0
QIHOO 360 TECHNOLOGY CO LTD ADS 74734M109 4,780 58,260 SH   SOLE   58,260 0 0
RENTECH NITROGEN PARTNERS L COM UNIT 760113100 294 16,700 SH   SOLE   16,700 0 0
REYNOLDS AMERICAN INC COM 761713106 4,918 97,710 SH   SOLE   97,710 0 0
SANDERSON FARMS INC COM 800013104 1,141 15,770 SH   SOLE   15,770 0 0
SCOTTS MIRACLE GRO CO CL A 810186106 1,761 28,300 SH   SOLE   28,300 0 0
SELECT SECTOR SPDR TR SBI MATERIALS 81369Y100 2,556 55,300 SH   SOLE   55,300 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 3,931 70,900 SH   SOLE   70,900 0 0
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 4,074 94,800 SH   SOLE   94,800 0 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 3,271 48,950 SH   SOLE   48,950 0 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 2,664 30,100 SH   SOLE   30,100 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 2,492 114,000 SH   SOLE   114,000 0 0
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 3,049 58,330 SH   SOLE   58,330 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 3,367 94,200 SH   SOLE   94,200 0 0
SENSIENT TECHNOLOGIES CORP COM 81725T100 439 9,050 SH   SOLE   9,050 0 0
STRATASYS LTD SHS M85548101 4,270 31,700 SH   SOLE   31,700 0 0
SYSCO CORP COM 871829107 1,386 38,400 SH   SOLE   38,400 0 0
TORO CO COM 891092108 1,486 23,360 SH   SOLE   23,360 0 0
TRACTOR SUPPLY CO COM 892356106 1,940 25,000 SH   SOLE   25,000 0 0
TYSON FOODS INC CL A 902494103 443 13,250 SH   SOLE   13,250 0 0
VISA INC COM CL A 92826C839 5,712 25,650 SH   SOLE   25,650 0 0
YUM BRANDS INC COM 988498101 11,561 152,900 SH   SOLE   152,900 0 0
ZOETIS INC CL A 98978V103 1,566 47,900 SH   SOLE   47,900 0 0