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
CARLYLE GROUP L P COM UTS LTD PTN 14309L102 33,572 1,192,623 SH   SOLE 1,192,623 0 0
CISCO SYS INC COM 17275R102 19,653 715,720 SH   SOLE 715,720 0 0
CORNING INC COM 219350105 5,919 300,000 SH   SOLE 300,000 0 0
DISCOVERY COMMUNICATNS NEW COM SER C 25470F302 9,634 310,000 SH   SOLE 310,000 0 0
E M C CORP MASS COM 268648102 14,308 542,200 SH   SOLE 542,200 0 0
EATON CORP PLC SHS G29183103 6,749 100,000 SH   SOLE 100,000 0 0
GENERAL ELECTRIC CO COM 369604103 15,351 577,760 SH   SOLE 577,760 0 0
INTEL CORP COM 458140100 32,415 1,065,778 SH   SOLE 1,065,778 0 0
NOVARTIS A G SPONSORED ADR 66987V109 590 6,000 SH   SOLE 6,000 0 0
OAKTREE CAP GROUP LLC UNIT CL A 674001201 50,054 941,234 SH   SOLE 941,234 0 0
PHILIP MORRIS INTL INC COM 718172109 10,422 130,000 SH   SOLE 130,000 0 0
PROCTER & GAMBLE CO COM 742718109 7,198 92,000 SH   SOLE 92,000 0 0
ROCKWELL COLLINS INC COM 774341101 2,890 31,300 SH   SOLE 31,300 0 0
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 8,602 150,000 SH   SOLE 150,000 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 31,466 551,945 SH   SOLE 551,945 0 0
SOUTHWEST AIRLS CO COM 844741108 6,618 200,000 SH   SOLE 200,000 0 0
STAPLES INC COM 855030102 23,663 1,545,638 SH   SOLE 1,545,638 0 0
TOYOTA MOTOR CORP SP ADR REP2COM 892331307 6,144 45,937 SH   SOLE 45,937 0 0