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
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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
Alibaba Group Holding Ltd ADR 01609W102 633 7,700 SH   SOLE None 7,700 0 0
Autohome Inc ADR 05278C107 369 7,300 SH   SOLE None 7,300 0 0
Baidu Inc ADR 056752108 80 400 SH   SOLE None 400 0 0
Bank of New York Mellon Corp/The Common Stock 064058100 49,084 1,169,500 SH   SOLE None 1,169,500 0 0
BofI Holding Inc Common Stock 05566U108 317 3,000 SH   SOLE None 3,000 0 0
Burlington Stores Inc Common Stock 122017106 10,240 200,000 SH   SOLE None 200,000 0 0
Caesarstone Sdot-Yam Ltd Common Stock 001125913 411 6,000 SH   SOLE None 6,000 0 0
Capital One Financial Corp Common Stock 14040H105 55,967 636,200 SH   SOLE None 636,200 0 0
Check Point Software Technologies Ltd Common Stock 001082411 199 2,500 SH   SOLE None 2,500 0 0
CME Group Inc/IL Common Stock 12572Q105 9,343 100,400 SH   SOLE None 100,400 0 0
Costco Wholesale Corp Common Stock 22160K105 20,259 150,000 SH   SOLE None 150,000 0 0
CVS Health Corp Common Stock 126650100 315 3,000 SH   SOLE None 3,000 0 0
Dr Reddy's Laboratories Ltd ADR 256135203 221 4,000 SH   SOLE None 4,000 0 0
Golden Star Resources Ltd Common Stock 38119T104 32 96,400 SH   SOLE None 96,400 0 0
Goldman Sachs Group Inc/The Common Stock 38141G104 50,423 241,500 SH   SOLE None 241,500 0 0
Google Inc Common Stock 38259P508 13,771 25,500 SH   SOLE None 25,500 0 0
HDFC Bank Ltd ADR 40415F101 745 12,300 SH   SOLE None 12,300 0 0
Hollysys Automation Technologies Ltd Common Stock G45667105 192 8,000 SH   SOLE None 8,000 0 0
ICICI Bank Ltd ADR 45104G104 978 93,900 SH   SOLE None 93,900 0 0
Infosys Ltd ADR 456788108 456 28,800 SH   SOLE None 28,800 0 0
Market Vectors Junior Gold Miners ETF ETP 57061R544 12,152 503,200 SH   SOLE None 503,200 0 0
NetEase Inc ADR 64110W102 420 2,900 SH   SOLE None 2,900 0 0
NICE-Systems Ltd ADR 653656108 223 3,500 SH   SOLE None 3,500 0 0
NXP Semiconductors NV Common Stock 000953878 393 4,000 SH   SOLE None 4,000 0 0
Taiwan Semiconductor Manufacturing Co Ltd ADR 874039100 1,026 45,200 SH   SOLE None 45,200 0 0
Teva Pharmaceutical Industries Ltd ADR 881624209 236 4,000 SH   SOLE None 4,000 0 0
TJX Cos Inc/The Common Stock 872540109 33,363 504,200 SH   SOLE None 504,200 0 0
Tuniu Corp ADR 89977P106 6,307 350,000 SH   SOLE None 350,000 0 0
US Bancorp/MN Common Stock 902973304 30,497 702,700 SH   SOLE None 702,700 0 0
Vipshop Holdings Ltd ADR 92763W103 31,898 1,433,600 SH   SOLE None 1,433,600 0 0
Wells Fargo & Co Common Stock 949746101 57,601 1,024,200 SH   SOLE None 1,024,200 0 0
Zions Bancorporation Common Stock 989701107 635 20,000 SH   SOLE None 20,000 0 0