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 4,915 65,488 SH   SOLE 65,488 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 4,879 128,609 SH   SOLE 128,609 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 8,252 165,140 SH   SOLE 165,140 0 0
AT&T INC COM 00206R102 446 12,698 SH   SOLE 12,698 0 0
BAIDU INC SPON ADR REP A 056752108 5,350 33,610 SH   SOLE 33,610 0 0
BANCO SANTANDER SA ADR 05964H105 6,488 663,415 SH   SOLE 663,415 0 0
BANK OF AMERICA CORPORATION COM 060505104 9,728 561,002 SH   SOLE 561,002 0 0
BOSTON BEER INC CL A 100557107 3,253 13,322 SH   SOLE 13,322 0 0
CELGENE CORP COM 151020104 5,169 35,262 SH   SOLE 35,262 0 0
CITIGROUP INC COM NEW 172967424 8,952 187,275 SH   SOLE 187,275 0 0
COMMONWEALTH REIT COM SH BEN INT 203233101 1,982 75,233 SH   SOLE 75,233 0 0
CONOCOPHILLIPS COM 20825C104 4,681 66,574 SH   SOLE 66,574 0 0
CTRIP COM INTL LTD AMERICAN DEP SHS 22943F100 4,398 85,557 SH   SOLE 85,557 0 0
CUMMINS INC COM 231021106 1,925 12,926 SH   SOLE 12,926 0 0
E HOUSE CHINA HLDGS LTD ADR 26852W103 2,265 178,926 SH   SOLE 178,926 0 0
EATON CORP PLC SHS G29183103 4,525 59,723 SH   SOLE 59,723 0 0
ENCORE CAP GROUP INC COM 292554102 3,814 82,797 SH   SOLE 82,797 0 0
EXELON CORP COM 30161N101 5,583 166,718 SH   SOLE 166,718 0 0
F5 NETWORKS INC COM 315616102 3,679 33,549 SH   SOLE 33,549 0 0
GENERAL MLS INC COM 370334104 5,782 111,665 SH   SOLE 111,665 0 0
GENERAL MTRS CO COM 37045V100 3,699 107,730 SH   SOLE 107,730 0 0
HALLIBURTON CO COM 406216101 5,109 85,673 SH   SOLE 85,673 0 0
INVESCO LTD SHS G491BT108 5,038 134,486 SH   SOLE 134,486 0 0
JOHNSON & JOHNSON COM 478160104 9,463 96,625 SH   SOLE 96,625 0 0
KINDER MORGAN ENERGY PARTNER UT LTD PARTNER 494550106 2,004 26,820 SH   SOLE 26,820 0 0
MAGICJACK VOCALTEC LTD SHS M6787E101 3,031 138,603 SH   SOLE 138,603 0 0
MASTERCARD INC CL A 57636Q104 5,153 68,876 SH   SOLE 68,876 0 0
MEDTRONIC INC COM 585055106 4,978 80,799 SH   SOLE 80,799 0 0
NATIONAL OILWELL VARCO INC COM 637071101 4,662 59,730 SH   SOLE 59,730 0 0
REALTY INCOME CORP COM 756109104 1,852 45,706 SH   SOLE 45,706 0 0
RENAISSANCERE HOLDINGS LTD COM G7496G103 4,305 44,730 SH   SOLE 44,730 0 0
SIEMENS A G SPONSORED ADR 826197501 4,920 36,290 SH   SOLE 36,290 0 0
SOUTHERN CO COM 842587107 4,707 108,218 SH   SOLE 108,218 0 0
UNDER ARMOUR INC CL A 904311107 4,046 34,883 SH   SOLE 34,883 0 0
VISA INC COM CL A 92826C839 5,426 25,273 SH   SOLE 25,273 0 0