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

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COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
AUTOMATIC DATA PROCESSINGCOMMON STOCK0530151035,68782,582SH DFND 82,58200
AFC ENTERPRISESCOMMON STOCK00104Q10757,4621,598,836SH DFND 1,598,83600
AGRIUM INCCOMMON STOCK00891610827,822319,938SH SOLE 319,93800
AIR PRODUCTS AND CHEMICALSCOMMON STOCK0091581064,01643,854SH DFND 43,85400
AMPHENOL CORPCOMMON STOCK0320951018,906114,272SH SOLE 114,27200
AIRGAS INCCOMMON STOCK009363102111,6491,169,588SH DFND 1,169,58800
ATMEL CORPCOMMON STOCK04951310433,2094,518,261SH SOLE 4,518,26100
AVAGO TECHNOLOGIES LTDCOMMON STOCKY0486S10471,9371,924,466SH SOLE 1,924,46600
AVALON RARE METALS INCCOMMON STOCK053470100327660,584SH SOLE 660,58400
BECTON DICKINSON & COCOMMON STOCK07588710950,912515,146SH DFND 515,14600
BROWN-FORMAN CORP CLASS BCOMMON STOCK11563720972,5261,073,661SH DFND 1,073,66100
BAKER HUGHES INCCOMMON STOCK05722410737,787819,152SH SOLE 819,15200
INFOBLOX INCCOMMON STOCK45672H1048,676296,498SH SOLE 296,49800
BLOUNT INTERNATIONAL INCCOMMON STOCK09518010524,0172,031,860SH SOLE 2,031,86000
BERKSHIRE HATHAWAY INC CLASS BCOMMON STOCK08467070228,944258,615SH DFND 258,61500
Anheuser BuschADRS STOCKS03524A10889,270989,028SH DFND 989,02800
BLACKSTONE GROUP (LTD PART)COMMON STOCK09253U10821,2861,010,745SH SOLE 1,010,74500
BANCORPSOUTH INCCOMMON STOCK0596921033,891219,827SH DFND 219,82700
CHUBB CORPCOMMON STOCK1712321014,66355,082SH DFND 55,08200
COLGATE-PALMOLIVE COCOMMON STOCK19416210348,873853,075SH DFND 853,07500
CUMMINS INCCOMMON STOCK2310211066,03055,600SH DFND 55,60000
SPANSION INCCOMMON STOCK84649R20058,6334,683,163SH SOLE 4,683,16300
CABOT OIL & GAS CORPCOMMON STOCK12709710342,286595,405SH DFND 595,40500
COSTCO WHOLESALE CORPCOMMON STOCK22160K10592,324834,984SH DFND 834,98400
CANADIAN PACIFIC RAILWAYCOMMON STOCK13645T1009,92081,729SH DFND 81,72900
COGNIZANT TECHNOLOGY SOLUTIONS CORPCOMMON STOCK1924461023826,103SH DFND 6,10300
CHEVRON CORPCOMMON STOCK16676410046,477392,740SH DFND 392,74000
CONCHO RESOURCESCOMMON STOCK20605P10112,970154,920SH SOLE 154,92000
DIAGEO PLS ADRADRS STOCKS25243Q20569,841607,576SH DFND 607,57600
DOLLAR GENERAL CORPCOMMON STOCK256677105156,0203,093,800SH DFND 3,093,80000
WALT DISNEY COCOMMON STOCK25468710640,308638,286SH DFND 638,28600
DOLLAR TREE INCCOMMON STOCK25674610842,873843,291SH DFND 843,29100
DOMINO'S PIZZA INCCOMMON STOCK25754A20142,195725,623SH DFND 725,62300
DRESSER-RAND GROUP INCCOMMON STOCK2616081036,082101,400SH SOLE 101,40000
DRYSHIPS ORD SHSCOMMON STOCKY2109Q1015,5362,960,656SH SOLE 2,960,65600
DSW IncCOMMON STOCK23334L10231,435427,858SH DFND 427,85800
DIANA SHIPPING INCCOMMON STOCKY2066G1046,023599,930SH SOLE 599,93000
DEVON ENERGY CORPCOMMON STOCK25179M10318,785362,088SH DFND 362,08800
ECOLABCOMMON STOCK27886510042,776502,126SH DFND 502,12600
EAGLE BULK SHIPPING INCCOMMON STOCKY2187A1191,234338,028SH SOLE 338,02800
EMERSON ELECTRIC COCOMMON STOCK2910111044,52983,040SH DFND 83,04000
EOG RESOURCES INCCOMMON STOCK26875P10148,209366,105SH SOLE 366,10500
EQT CORPCOMMON STOCK26884L10913,925175,449SH SOLE 175,44900
DIAMONDBACK ENERGY INCCOMMON STOCK25278X1097,624228,826SH SOLE 228,82600
FIRST HORIZON NATIONAL CORPCOMMON STOCK32051710527,3232,439,577SH SOLE 2,439,57700
FLUOR ORD SHSCOMMON STOCK34341210229,904504,191SH SOLE 504,19100
FLEETCOR TECHNOLOGIES INCCOMMON STOCK33904110552,786649,275SH DFND 649,27500
FOMENTO ECONOMICO MEXICANO SAB DE CV ADRADRS STOCKS3444191064,73145,852SH SOLE 45,85200
GENESCO INCCOMMON STOCK37153210241,370617,553SH SOLE 617,55300
MARKET VECTORS GOLD MINERS INDEX ETFCOMMON STOCK57060U1009,521390,062SH SOLE 390,06200
GENERAL MILLS INCCOMMON STOCK3703341043,26867,346SH DFND 67,34600
GULFPORT ENERGY CORPCOMMON STOCK40263530417,837378,948SH SOLE 378,94800
GRACE W R AND COCOMMON STOCK38388F108205,6372,446,889SH DFND 2,446,88900
GLOBE SPECIALTY METALS INCCOMMON STOCK37954N20610,820995,365SH SOLE 995,36500
HalliburtonCOMMON STOCK40621610136,705879,803SH DFND 879,80300
HOME DEPOT INCCOMMON STOCK437076102105,0721,356,292SH DFND 1,356,29200
Helmerich & PayneCOMMON STOCK42345210120,187323,249SH DFND 323,24900
CHINA LODGING GROUP LTD ADRADRS STOCKS16949N10932020,000SH SOLE 20,00000
IMAX CorpCOMMON STOCK45245E10914,581586,518SH SOLE 586,51800
JOHNSON & JOHNSONCOMMON STOCK4781601045,81167,678SH DFND 67,67800
KELLOGG COCOMMON STOCK4878361083,76358,586SH DFND 58,58600
SPDR S&P BANK INDEX ETFCOMMON STOCK78464A79714,242495,900SH SOLE 495,90000
KKR & CO (LTD PART)COMMON STOCK48248M10269,9313,557,030SH SOLE 3,557,03000
COCA-COLA COCOMMON STOCK19121610018,716466,624SH DFND 466,62400
LKQ CORPCOMMON STOCK501889208106,4094,132,369SH DFND 4,132,36900
LOWES CO INCCOMMON STOCK5486611075,188126,843SH DFND 126,84300
MASTERCARD INCCOMMON STOCK57636Q10455,45296,522SH DFND 96,52200
MCDONALDS CORPCOMMON STOCK58013510156,550571,217SH DFND 571,21700
MOODY'S CORPCOMMON STOCK61536910558,679963,059SH DFND 963,05900
MEAD JOHNSON NUTRITION COCOMMON STOCK5828391062913,668SH SOLE 3,66800
MONSANTO COCOMMON STOCK61166W10113,618137,836SH DFND 137,83600
MOSAIC COCOMMON STOCK61945C10342,080782,002SH DFND 782,00200
Mountain Province Diamonds IncCOMMON STOCK62426E4023,939788,142SH SOLE 788,14200
MARIN SOFTWARE INCCOMMON STOCK56804T1062,904283,570SH SOLE 283,57000
MSC INDUSTRIAL DIRECT CO INCCOMMON STOCK55353010633,660434,550SH DFND 434,55000
MICRON TECHNOLOGY INCCOMMON STOCK59511210361,0064,257,246SH SOLE 4,257,24600
NATIONAL INSTRUMENTS CORPCOMMON STOCK63651810299935,746SH SOLE 35,74600
NOAH HOLDINGS LTD ADRADRS STOCKS65487X1021,358153,100SH SOLE 153,10000
National Oilwell VarcoCOMMON STOCK63707110165,400949,202SH DFND 949,20200
NEOPHOTONICS CORPCOMMON STOCK64051T1005,127590,042SH SOLE 590,04200
NORFOLK SOUTHERNCOMMON STOCK6558441089,710133,660SH DFND 133,66000
OCCIDENTAL PETROLEUM CORPCOMMON STOCK67459910542,418475,377SH DFND 475,37700
PEPSICO INCCOMMON STOCK7134481085,74670,252SH DFND 70,25200
PROCTOR & GAMBLE COCOMMON STOCK7427181095,33269,262SH DFND 69,26200
PMC-SIERRA INCCOMMON STOCK69344F10611,8781,870,487SH SOLE 1,870,48700
POTASH CORP OF SASKATCHEWAN INCCOMMON STOCK73755L10734,015892,073SH DFND 892,07300
PERICOM SEMICONDUCTOR CORPCOMMON STOCK7138311053,955555,485SH SOLE 555,48500
PRAXAIR INCCOMMON STOCK74005P1044,94042,901SH DFND 42,90100
PIONEER NATURAL RESOURCES COCOMMON STOCK72378710748,316333,787SH DFND 333,78700
ROBERT HALF INTERNATIONAL INCCOMMON STOCK77032310317,414524,030SH DFND 524,03000
ROVI CORPCOMMON STOCK7793761023,342146,322SH DFND 146,32200
RANGE RESOURCES CORPCOMMON STOCK75281A10949,409639,015SH SOLE 639,01500
SEI INVESTMENTSCOMMON STOCK7841171033,450121,355SH SOLE 121,35500
SHUTTERFLY INCCOMMON STOCK82568P3043,87269,409SH SOLE 69,40900
SHERWIN-WILLIAMS COCOMMON STOCK824348106158,290896,319SH DFND 896,31900
SIGNET JEWELERSCOMMON STOCKG812761009,210136,586SH DFND 136,58600
SCHLUMBERGER LTDCOMMON STOCK80685710850,730707,926SH DFND 707,92600
SANDISK CORPCOMMON STOCK80004C10113,611222,765SH SOLE 222,76500
SONOCO PRODUCTS COCOMMON STOCK83549510267619,560SH SOLE 19,56000
SPREADTRUM COMMUNICATIONS INCADRS STOCKS8494152032399,100SH SOLE 9,10000
SILVER SPRING NETWORKS -RESTRICTED (6 MO LOCKUP)COMMON STOCK82817Q10310,269411,764SH SOLE 411,76400
SUNTRUST BANKS INCCOMMON STOCK86791410315,788500,081SH SOLE 500,08100
SUNCOR ENERGY INCCOMMON STOCK86722410714,898505,182SH DFND 505,18200
SOUTHWESTERN ENERGY COCOMMON STOCK84546710935,968984,617SH SOLE 984,61700
MOLSON COORS BREWING COCOMMON STOCK60871R2092,90960,775SH DFND 60,77500
TERADYNE INCCOMMON STOCK8807701025,271300,000SH SOLE 300,00000
TARGET CORPCOMMON STOCK87612E1065,56380,785SH DFND 80,78500
TIFFANY & COCOMMON STOCK88654710855,437761,073SH DFND 761,07300
UNILEVER NV (NY REG SHARES)ADRS STOCKS90478470943,9281,117,482SH DFND 1,117,48200
Union Pacific CorpCOMMON STOCK90781810862,789406,983SH DFND 406,98300
UNITED PARCEL SERVICE INCCOMMON STOCK91131210653,897623,228SH DFND 623,22800
UNITED TECHNOLOGIES CORPCOMMON STOCK9130171095,61660,425SH DFND 60,42500
UNITED TECHNOLOGIES (UTX) 7.50% 8/01/2015 MAN CONVPREFERRED STOCK9130171174,77080,350SH DFND 80,35000
VISA INCCOMMON STOCK92826C8391,6268,896SH DFND 8,89600
VERISK ANALYTICS INCCOMMON STOCK92345Y10656,839952,082SH DFND 952,08200
VIVUSCOMMON STOCK92855110021,3931,700,584SH SOLE 1,700,58400
WALGREEN COCOMMON STOCK9314221095,525125,010SH DFND 125,01000
WELLS FARGO & COCOMMON STOCK94974610146,8211,134,504SH DFND 1,134,50400
WELLS FARGO CO 7.50% SERIES L (CONV PREFERRED)PREFERRED STOCK9497468046,9985,861SH DFND 5,86100
WAL-MART STORES INCCOMMON STOCK93114210355,793748,999SH DFND 748,99900
WYNN RESORTS LTDCOMMON STOCK9831341071,62312,677SH SOLE 12,67700
EXXON MOBIL CORPCOMMON STOCK30231G1026,72174,389SH DFND 74,38900
YUM! BRANDS INCCOMMON STOCK98849810111,788170,001SH DFND 170,00100
FRANKLIN RES INC COMCOMMON STOCK3546131014823,540SH SOLE 3,54000
BRISTOL MYERS SQUIBB CO COMCOMMON STOCK1101221082385,329SH SOLE 5,32900
VANGUARD SHORT-TERM BOND ETFSHORT TRM BOND9219378271,51318,900SH SOLE 18,90000
ENTERPRISE PRODS PARTNERS L P COMCOMMON STOCK2937921073235,200SH SOLE 5,20000
INTERNATIONAL BUSINESS MACHS COMCOMMON STOCK4592001013,06616,042SH SOLE 16,04200
MERCK & CO INC NEW COMCOMMON STOCK58933Y1051,52132,750SH SOLE 32,75000
PHILIP MORRIS INTL INC COMCOMMON STOCK7181721093854,439SH SOLE 4,43900
URSTADT BIDDLE PROPERTIES-ACOMMON STOCK91728620529614,670SH SOLE 14,67000
VERIZON COMMUNICATIONS INC COMCOMMON STOCK92343V1043957,839SH SOLE 7,83900
BARCLAYS BANK PLC ADR PFD SR 5PREFERRED STOCK06739H36263325,000SH SOLE 25,00000