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
ACE LIMITED COM H0023R105 2,179 22,000 SH   SOLE   22,000 0 0
AGILENT TECHNOLOGY COM 00846U101 3,758 67,200 SH   SOLE   67,200 0 0
ALLERGAN INC. COM 018490102 10,697 86,200 SH   SOLE   86,200 0 0
AMERICAN EXPRESS CO. COM 025816109 3,421 38,000 SH   SOLE   38,000 0 0
AMERICAN INTL GROUP COM 026874784 2,000 40,000 SH   SOLE   40,000 0 0
APPLE INC COM 037833100 32,473 60,500 SH   SOLE   60,500 0 0
APPLIED MATERIALS COM 038222105 5,063 248,000 SH   SOLE   248,000 0 0
ARM HOLDINGS PLC (ADR) COM 042068106 6,677 131,000 SH   SOLE   131,000 0 0
BAIDU, INC. COM 056752108 411 2,700 SH   SOLE   2,700 0 0
BALTIC TRADING COM Y0553W103 224 35,500 SH   SOLE   35,500 0 0
BANK OF AMERICA COM 060505104 11,507 669,000 SH   SOLE   669,000 0 0
BIOGEN IDEC INC COM 09062X103 6,056 19,800 SH   SOLE   19,800 0 0
BLACKROCK INC COM 09247X101 1,384 4,400 SH   SOLE   4,400 0 0
BROADCOM CORP - CL A COM 111320107 10,637 338,000 SH   SOLE   338,000 0 0
BRUKER CORP COM 116794108 2,872 126,000 SH   SOLE   126,000 0 0
CELANESE CORP-SERIES A COM 150870103 3,719 67,000 SH   SOLE   67,000 0 0
CIENA CORP COM 171779309 1,728 76,000 SH   SOLE   76,000 0 0
CISCO SYSTEMS INC COM 17275R102 2,802 125,000 SH   SOLE   125,000 0 0
CITIGROUP COM 172967424 2,285 48,000 SH   SOLE   48,000 0 0
COMCAST CORPORATION COM 20030N101 4,253 85,000 SH   SOLE   85,000 0 0
CONOCOPHILIPS COM 20825C104 281 4,000 SH   SOLE   4,000 0 0
COVIDIEN COM G2554F113 7,440 101,000 SH   SOLE   101,000 0 0
CRAY INC COM 225223304 1,866 50,000 SH   SOLE   50,000 0 0
CUMMINS, INC. COM 231021106 492 3,300 SH   SOLE   3,300 0 0
DISCOVER FINANCIAL SERVICES COM 254709108 4,836 83,100 SH   SOLE   83,100 0 0
DRYSHIPS, INC. COM MHY2109Q1 233 72,000 SH   SOLE   72,000 0 0
EXXON COM 30231G102 11,136 114,000 SH   SOLE   114,000 0 0
FACEBOOK COM 30303M102 5,902 97,973 SH   SOLE   97,973 0 0
FLUOR CORP COM 343412102 855 11,000 SH   SOLE   11,000 0 0
FRONTLINE LTD. COM G3682E127 295 75,000 SH   SOLE   75,000 0 0
GENERAL ELECTRIC CO. COM 369604103 12,375 478,000 SH   SOLE   478,000 0 0
GENERAL MOTORS COM 37045V100 2,272 66,000 SH   SOLE   66,000 0 0
GILEAD SCIENCES INC COM 375558103 7,582 107,000 SH   SOLE   107,000 0 0
GOLDMAN SACHS GROUP COM 38141G104 1,802 11,000 SH   SOLE   11,000 0 0
GOOGLE INC - CL A COM 38259P508 13,708 12,300 SH   SOLE   12,300 0 0
HALLIBURTON COM 406216101 9,364 159,000 SH   SOLE   159,000 0 0
HARLEY-DAVIDSON INC COM 412822108 3,464 52,000 SH   SOLE   52,000 0 0
INTERNATIONAL BUSINESS MACHINE COM 459200101 12,512 65,000 SH   SOLE   65,000 0 0
INTUTIVE SURGICAL, INC. COM 46120E602 6,228 14,220 SH   SOLE   14,220 0 0
JOHNSON & JOHNSON COM 478160104 11,984 122,000 SH   SOLE   122,000 0 0
JP MORGAN COM 46625H100 15,420 254,000 SH   SOLE   254,000 0 0
LONGTOP FINANCIAL ADR COM 543189108 3 94,200 SH   SOLE   94,200 0 0
LYDONDELLBASELL INDU - CL A COM N53745100 5,514 62,000 SH   SOLE   62,000 0 0
MASTERCARD INC COM 57636Q104 1,718 23,000 SH   SOLE   23,000 0 0
MERCK & CO. INC. COM 58933Y105 15,612 275,000 SH   SOLE   275,000 0 0
MICRO TECH COM 595112103 1,893 80,000 SH   SOLE   80,000 0 0
MICROSOFT CORP COM 594918104 22,422 547,000 SH   SOLE   547,000 0 0
MORGAN STANLEY COM 617446448 7,169 230,000 SH   SOLE   230,000 0 0
NEW ORIENTAL EDUCATION & TECH COM 647581107 323 11,000 SH   SOLE   11,000 0 0
NIKE INC. COM 654106103 812 11,000 SH   SOLE   11,000 0 0
NXP SEMICONDUCTORS COM N6596X109 3,705 63,000 SH   SOLE   63,000 0 0
OCCIDENTAL PETROLEUM COM 674599105 1,143 12,000 SH   SOLE   12,000 0 0
OMNICELL COM 68213N109 916 32,000 SH   SOLE   32,000 0 0
OPENTABLE INC. COM 68372A104 5,270 68,500 SH   SOLE   68,500 0 0
ORACLE CORP COM 68389X105 7,691 188,000 SH   SOLE   188,000 0 0
PANDORA MEDIA INC COM 698354107 5,124 169,000 SH   SOLE   169,000 0 0
PFIZER COM 717081103 21,023 654,500 SH   SOLE   654,500 0 0
PRECISION CASTPARTS COM 740189105 758 3,000 SH   SOLE   3,000 0 0
PVTPL GDR LEVANESE CO FOR DEV COM 522386101 528 42,264 SH   SOLE   42,264 0 0
QIHOO 360 TECHNOLOGY CO COM 74734M109 528 5,300 SH   SOLE   5,300 0 0
ROCKWELL AUTOMATON COM 773903109 1,868 15,000 SH   SOLE   15,000 0 0
SALESFORCE.COM COM 79466L302 297 5,200 SH   SOLE   5,200 0 0
SANDISK CORP COM 80004C101 4,790 59,000 SH   SOLE   59,000 0 0
SCHLUMBERGER LTD COM 806857108 9,847 101,000 SH   SOLE   101,000 0 0
SCORPIO BULKERS ORD COM Y7546A106 334 33,000 SH   SOLE   33,000 0 0
SEAGATE TECHNOLOGY HOLDINGS COM G7945M107 6,065 108,000 SH   SOLE   108,000 0 0
SEARS HOLDINGS CORP COM 812350106 2,879 60,273 SH   SOLE   60,273 0 0
TAIWAN SEMICONDUCTOR MFG CO COM 874039100 5,556 277,500 SH   SOLE   277,500 0 0
TEXAS INSTRUMENTS COM 882508104 3,160 67,000 SH   SOLE   67,000 0 0
THE BOEING CO COM 097023105 753 6,000 SH   SOLE   6,000 0 0
THE PRICELINE GROUP INC COM 741503403 2,968 2,490 SH   SOLE   2,490 0 0
THERMO FISHER SCIENTIFIC COM 883556102 4,088 34,000 SH   SOLE   34,000 0 0
TWENTY-FIRST CENTURY FOX COM 90130A101 863 27,000 SH   SOLE   27,000 0 0
UNITEDHEALTH GROUP COM 91324P102 10,905 133,000 SH   SOLE   133,000 0 0
US BANCORP COM 902973304 1,757 41,000 SH   SOLE   41,000 0 0
VCA AnTECH COM 918194101 967 30,000 SH   SOLE   30,000 0 0
VERIZON COMMUNICATION INC. COM 92343V104 12,321 259,000 SH   SOLE   259,000 0 0
VIPSHOP HOLDINGS INC. ADR COM 92763W103 1,792 12,000 SH   SOLE   12,000 0 0
WALT DISNEY CO. COM 254687106 1,601 20,000 SH   SOLE   20,000 0 0
WATERS CORP COM 941848103 1,843 17,000 SH   SOLE   17,000 0 0
WELLS FARGO&COMPANY COM 949746101 5,322 107,000 SH   SOLE   107,000 0 0
WESTERN DIGITAL CORP COM 958102105 5,417 59,000 SH   SOLE   59,000 0 0
YELP INC COM 985817105 5,016 65,205 SH   SOLE   65,205 0 0
YOUKU TUDOU INC. ADR COM 98742U100 561 20,000 SH   SOLE   20,000 0 0
YY INC. COM 98426T106 1,214 15,900 SH   SOLE   15,900 0 0
ZILLOW, INC. COM 98954A107 2,467 28,000 SH   SOLE   28,000 0 0
CONSUMER STAPLES SPDR ETF 81369Y308 57,054 1,325,000 SH   SOLE   1,325,000 0 0
DB COMMODITY INDEX FUND ETF 73935S105 3,231 123,700 SH   SOLE   123,700 0 0
ISHARE MSCI EMERGING MARKETS E ETF 464287234 23,581 575,000 SH   SOLE   575,000 0 0
ISHARES CORE MSCI EMERGING MKT ETF 46434G103 40,844 832,200 SH   SOLE   832,200 0 0
ISHARES CORE TOTAL US BOND ETF ETF 464287226 12,949 120,000 SH   SOLE   120,000 0 0
ISHARES DJ HOME ETF 464288752 120,692 4,983,149 SH   SOLE   4,983,149 0 0
ISHARES DJ US REAL ESTATE ETF 464287739 80,764 1,193,491 SH   SOLE   1,193,491 0 0
ISHARES MSCI MEXICO ETF 464286822 5,755 90,000 SH   SOLE   90,000 0 0
ISHARES NORTH AMER NATURAL RES ETF 464287374 92,785 2,094,006 SH   SOLE   2,094,006 0 0
ISHARES RUSSELL 2000 GROWTH ET ETF 464287648 5,422 39,852 SH   SOLE   39,852 0 0
ISHARES S&P MIDCAP 400/GROWTH ETF 464287606 13,093 85,617 SH   SOLE   85,617 0 0
MARKET VECTORS GOLD MINERS ETF 57060U100 11,968 507,000 SH   SOLE   507,000 0 0
MID-CAP INDEX ETF 78467Y107 58,884 235,000 SH   SOLE   235,000 0 0
MKT VCT JUNR GOLD ETF 57061R544 7,345 202,800 SH   SOLE   202,800 0 0
RUSSELL 2000 INDEX FUND ETF 464287655 7,841 67,400 SH   SOLE   67,400 0 0
S&P 500 PURE GROWTH ETF 78355W403 11,970 163,464 SH   SOLE   163,464 0 0
S&P 500 PURE VALUE ETF 78355W304 12,020 233,847 SH   SOLE   233,847 0 0
S&P SM 600 GROWTH ETF 464287887 5,481 46,064 SH   SOLE   46,064 0 0
S&P SM 600 VALUE ETF 464287879 7,210 63,555 SH   SOLE   63,555 0 0
SELECT SECTOR SPDR-AGRICULTURE ETF 57060U605 162,112 2,982,190 SH   SOLE   2,982,190 0 0
SELECT SECTOR SPDR-CONSUMER DI ETF 81369Y407 74,098 1,144,894 SH   SOLE   1,144,894 0 0
SELECT SECTOR SPDR-ENERGY ETF 81369Y506 30,931 347,300 SH   SOLE   347,300 0 0
SELECT SECTOR SPDR-FINANCIAL ETF 81369Y605 133,904 5,993,900 SH   SOLE   5,993,900 0 0
SELECT SECTOR SPDR-HEALTH CARE ETF 81369Y209 7,636 130,544 SH   SOLE   130,544 0 0
SELECT SECTOR SPDR-INDUSTRIAL ETF 81369Y704 154,715 2,956,532 SH   SOLE   2,956,532 0 0
SELECT SECTOR SPDR-MATERIALS ETF 81369Y100 59,003 1,247,952 SH   SOLE   1,247,952 0 0
SELECT SECTOR SPDR-TECHNOLOGY ETF 81369Y803 2,544 70,000 SH   SOLE   70,000 0 0
SELECT SECTOR SPDR-UTILITIES ETF 81369Y886 7,214 174,000 SH   SOLE   174,000 0 0
SPDR S&P METALS&MINING ETF 78464A755 40,450 969,315 SH   SOLE   969,315 0 0
SPDR S&P OIL & GAS EXPLORATION ETF 78464A730 162,078 2,256,411 SH   SOLE   2,256,411 0 0
SPDR-S&P 500 INDEX ETF 78462F103 52,550 281,000 SH   SOLE   281,000 0 0
VANGUARD FTSE DEVELOPED MARKET ETF 921943858 44,130 1,069,300 SH   SOLE   1,069,300 0 0