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
AETNA INC NEW COM 00817Y108 4,351 63,637 SH   SOLE 63,637 0 0
ALCATEL-LUCENT SPONSORED ADR 013904305 345 78,316 SH   SOLE 78,316 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 2,960 117,224 SH   SOLE 117,224 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 7,611 149,090 SH   SOLE 149,090 0 0
AT&T INC COM 00206R102 454 13,077 SH   SOLE 13,077 0 0
BAIDU INC SPON ADR REP A 056752108 5,103 28,686 SH   SOLE 28,686 0 0
BANCO SANTANDER SA ADR 05964H105 4,052 456,830 SH   SOLE 456,830 0 0
BANK OF AMERICA CORPORATION COM 060505104 8,382 538,358 SH   SOLE 538,358 0 0
BOSTON BEER INC CL A 100557107 3,161 13,072 SH   SOLE 13,072 0 0
CELGENE CORP COM 151020104 4,129 24,438 SH   SOLE 24,438 0 0
CITIGROUP INC COM NEW 172967424 8,454 162,268 SH   SOLE 162,268 0 0
COMMONWEALTH REIT COM SH BEN INT 203233101 1,826 79,236 SH   SOLE 79,236 0 0
CONOCOPHILLIPS COM 20825C104 3,636 51,471 SH   SOLE 51,471 0 0
CTRIP COM INTL LTD AMERICAN DEP SHS 22943F100 3,259 65,683 SH   SOLE 65,683 0 0
DR PEPPER SNAPPLE GROUP INC COM 26138E109 4,298 88,209 SH   SOLE 88,209 0 0
DUKE ENERGY CORP NEW COM NEW 26441C204 3,173 45,974 SH   SOLE 45,974 0 0
E HOUSE CHINA HLDGS LTD ADR 26852W103 2,510 166,468 SH   SOLE 166,068 0 0
EATON CORP PLC SHS G29183103 4,176 54,855 SH   SOLE 54,855 0 0
ENCORE CAP GROUP INC COM 292554102 3,724 74,091 SH   SOLE 74,091 0 0
F5 NETWORKS INC COM 315616102 2,634 28,990 SH   SOLE 28,990 0 0
GENERAL MLS INC COM 370334104 4,893 98,782 SH   SOLE 98,782 0 0
GENERAL MTRS CO COM 37045V100 2,578 63,068 SH   SOLE 63,068 0 0
HALLIBURTON CO COM 406216101 4,212 82,987 SH   SOLE 82,987 0 0
HOME LN SERVICING SOLUTIONS ORD SHS G6648D109 332 14,575 SH   SOLE 14,575 0 0
INVESCO LTD SHS G491BT108 4,211 115,685 SH   SOLE 115,685 0 0
JOHNSON & JOHNSON COM 478160104 7,804 85,206 SH   SOLE 85,206 0 0
MASTERCARD INC CL A 57636Q104 4,692 56,240 SH   SOLE 56,240 0 0
MEDTRONIC INC COM 585055106 4,271 74,423 SH   SOLE 74,423 0 0
MICROSOFT CORP COM 594918104 4,928 131,728 SH   SOLE 131,728 0 0
NATIONAL OILWELL VARCO INC COM 637071101 3,795 47,718 SH   SOLE 47,718 0 0
REALTY INCOME CORP COM 756109104 1,740 46,833 SH   SOLE 46,833 0 0
RENAISSANCERE HOLDINGS LTD COM G7496G103 4,111 42,230 SH   SOLE 42,230 0 0
SIEMENS A G SPONSORED ADR 826197501 3,857 28,716 SH   SOLE 28,716 0 0
UNDER ARMOUR INC CL A 904311107 4,552 52,146 SH   SOLE 52,146 0 0
VIMPELCOM LTD SPONSORED ADR 92719A106 5,215 403,017 SH   SOLE 403,017 0 0
VISA INC COM CL A 92826C839 5,438 24,420 SH   SOLE 24,420 0 0