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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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
Agco Corporation US$0.01 COM 001084102 13,842 306,240 SH   SOLE   306,240 0 0
Alcoa Inc Com US$1.00 COM 013817101 2,406 152,352 SH   SOLE   152,352 0 0
Altria Group Inc Com US$0.3333 COM 02209S103 4,065 82,500 SH   SOLE   82,500 0 0
Amazon.com Inc Com US$0.01 COM 023135106 15,819 50,970 SH   SOLE   50,970 0 0
American Express Co Com US$0.20 COM 025816109 70,513 757,882 SH   SOLE   757,882 0 0
American Tower Corporation Com US$0.01 COM 03027X100 7,657 77,465 SH   SOLE   77,465 0 0
Amgen Inc Com US$0.0001 COM 031162100 1,768 11,100 SH   SOLE   11,100 0 0
Apache Corporation Com US$1.25 COM 037411105 7,448 118,850 SH   SOLE   118,850 0 0
Apple Inc Com COM 037833100 55,188 499,985 SH   SOLE   499,985 0 0
Avnet Inc COM 053807103 42,800 994,879 SH   SOLE   994,879 0 0
B/E Aerospace Inc Com US$0.01 COM 073302101 7,352 126,720 SH   SOLE   126,720 0 0
Banco Bradesco SA SPON ADR Rep 1 Pref SP ADR PFD NEW 059460303 1,608 120,243 SH   SOLE   120,243 0 0
Bank of America Com US$0.01 COM 060505104 4,460 249,314 SH   SOLE   249,314 0 0
Barclays Bank Plc Spon ADR EA Rep 1 Series 4 Pref Shs SPON ADR EA REP 06739H511 350 13,500 SH   SOLE   13,500 0 0
Berkshire Hathaway 'B' Com US$0.1667 CL B NEW 084670702 58,268 388,067 SH   SOLE   388,067 0 0
Boeing Co Com US$5.00 COM 097023105 31,718 244,019 SH   SOLE   244,019 0 0
Brunswick Cap Ltd US$0.01 COM 117043109 580 252,343 SH   SOLE   252,343 0 0
Bunge Ltd Com US$0.01 COM G16962105 2,298 25,273 SH   SOLE   25,273 0 0
Cadiz Inc Com US$0.01 COM NEW 127537207 3,302 294,800 SH   SOLE   294,800 0 0
Carnival Corporation Com US$0.01 PAIRED CTF 143658300 3,592 79,240 SH   SOLE   79,240 0 0
Church & Dwight Com US$1 COM 171340102 18,531 235,140 SH   SOLE   235,140 0 0
CIA Energ MG-CEMIG SPN ADR REP 1 PRF (LVL 2) SP ADR N-V PFD 204409601 918 184,652 SH   SOLE   184,652 0 0
Cisco Systems Com US$0.001 COM 17275R102 2,478 89,090 SH   SOLE   89,090 0 0
Citigroup Inc Com US$0.01 COM NEW 172967424 646 11,938 SH   SOLE   11,938 0 0
Colgate-Palmolive Co Com US$1.00 COM 194162103 33,251 480,571 SH   SOLE   480,571 0 0
Ctrip.Com International Ltd ADS Each Rep 0.5 Ord US$0.01 AMERICAN DEP SHS 22943F100 2,744 60,300 SH   SOLE   60,300 0 0
Cummins Inc $2.50 COM 231021106 109,826 761,781 SH   SOLE   761,781 0 0
DaVita Healthcare Partners Com US$0.001 COM 23918K108 4,711 62,200 SH   SOLE   62,200 0 0
Deere & Co Com US$1 COM 244199105 15,493 175,120 SH   SOLE   175,120 0 0
Delta Air Lines Inc Com US$0.0001 COM NEW 247361702 1,905 38,727 SH   SOLE   38,727 0 0
eBay Inc Com US$0.001 COM 278642103 1,073 19,120 SH   SOLE   19,120 0 0
Emerson Electric Co Com US$0.50 COM 291011104 3,030 49,080 SH   SOLE   49,080 0 0
EOG Resources Inc COM 26875P101 5,645 61,315 SH   SOLE   61,315 0 0
Express Scripts HL Com US$0.01 COM 30219G108 2,707 31,970 SH   SOLE   31,970 0 0
Exxon Mobil Corporation Com COM 30231G102 7,882 85,261 SH   SOLE   85,261 0 0
Flowers Foods Inc US$0.01 COM 343498101 5,845 304,600 SH   SOLE   304,600 0 0
Garmin Ltd SHS H2906T109 24,980 472,843 SH   SOLE   472,843 0 0
General Electric Co of America Com US$0.06 COM 369604103 24,767 980,108 SH   SOLE   980,108 0 0
Gilead Sciences Com US$0.001 COM 375558103 60,799 645,016 SH   SOLE   645,016 0 0
Goldcorp Inc Com COM 380956409 913 49,300 SH   SOLE   49,300 0 0
Goldman Sachs Group Com US$0.01 COM 38141G104 2,571 13,266 SH   SOLE   13,266 0 0
Google Inc Com US$0.001 'A' CL A 38259P508 35,894 67,641 SH   SOLE   67,641 0 0
Google Inc Com US$0.001 'C' CL C 38259P706 30,312 57,584 SH   SOLE   57,584 0 0
Halliburton Com Stock US$2.50 COM 406216101 13,771 350,145 SH   SOLE   350,145 0 0
Hanover Insurance Group Inc Com US$0.01 COM 410867105 1,248 17,500 SH   SOLE   17,500 0 0
Helmerich & Payne Inc Com US$0.10 COM 423452101 15,152 224,740 SH   SOLE   224,740 0 0
Hershey Co (The) Com US$1.00 COM 427866108 1,144 11,010 SH   SOLE   11,010 0 0
Hess Corporation Com US$1 COM 42809H107 1,884 25,520 SH   SOLE   25,520 0 0
Home Depot Inc Com US$0.05 COM 437076102 6,235 59,397 SH   SOLE   59,397 0 0
International Paper Co Com US$1.00 COM 460146103 38,011 709,430 SH   SOLE   709,430 0 0
Johnson & Johnson Com US$1.00 COM 478160104 3,317 31,721 SH   SOLE   31,721 0 0
JP Morgan Chase Com US$1 (US quote) COM 46625H100 627 10,020 SH   SOLE   10,020 0 0
KLX Inc Com $0.01 COM 482539103 2,614 63,360 SH   SOLE   63,360 0 0
L Brands Inc US$0.50 COM 501797104 39,167 452,540 SH   SOLE   452,540 0 0
Lazard Ltd Com 'A' US$0.01 SHS A G54050102 1,406 28,100 SH   SOLE   28,100 0 0
Marsh & McLennan Cos Inc Com US$1.00 COM 571748102 29,790 520,443 SH   SOLE   520,443 0 0
Mastercard Inc US$0.0001 Class 'A' CL A 57636Q104 28,405 329,679 SH   SOLE   329,679 0 0
McDonald's Corporation Com US$0.01 COM 580135101 2,886 30,800 SH   SOLE   30,800 0 0
Merck & Co Inc Com US$0.50 COM 58933Y105 1,007 17,740 SH   SOLE   17,740 0 0
Metlife Inc Com US$0.01 COM 59156R108 3,309 61,170 SH   SOLE   61,170 0 0
Microsoft Corporation Com US$0.0000125 COM 594918104 92,224 1,985,437 SH   SOLE   1,985,437 0 0
Mondelez Intl Inc Com US$0.01 CL A 609207105 1,086 29,884 SH   SOLE   29,884 0 0
Monsanto Com US$0.01 COM 61166W101 2,843 23,800 SH   SOLE   23,800 0 0
MSC Industrial Direct Co CL A 553530106 9,267 114,050 SH   SOLE   114,050 0 0
National Oilwell Varco Com US$0.01 COM 637071101 2,663 40,640 SH   SOLE   40,640 0 0
Netease Inc. ADR Rep. 24 Com SPONSORED ADR 64110W102 19,168 193,339 SH   SOLE   193,339 0 0
Northern Trust Corporation Com US$1.666 COM 665859104 3,741 55,500 SH   SOLE   55,500 0 0
NOW Inc Com US$0.01 COM 67011P100 257 10,000 SH   SOLE   10,000 0 0
Occidental Petroleum Corp Com US$0.20 USA (Regd) COM 674599105 4,068 50,460 SH   SOLE   50,460 0 0
Oracle Corporation Com US$0.01 COM 68389X105 12,073 268,460 SH   SOLE   268,460 0 0
Parker Hannifin Corporation Com Stk US$0.50 COM 701094104 21,271 164,955 SH   SOLE   164,955 0 0
Pfizer Inc Com US$0.05 COM 717081103 20,951 672,596 SH   SOLE   672,596 0 0
Philip Morris International Com COM 718172109 898 11,030 SH   SOLE   11,030 0 0
Praxair Inc Com US$0.01 COM 74005P104 3,437 26,530 SH   SOLE   26,530 0 0
Procter & Gamble Co Com COM 742718109 1,496 16,420 SH   SOLE   16,420 0 0
Qualcomm Inc Com US$0.0001 COM 747525103 14,938 200,975 SH   SOLE   200,975 0 0
Reynolds American Com US$0.0001 COM 761713106 19,094 297,085 SH   SOLE   297,085 0 0
Salesforce.com Inc Com US$0.001 COM 79466L302 26,033 438,937 SH   SOLE   438,937 0 0
Schlumberger Com US$0.01 COM 806857108 1,560 18,260 SH   SOLE   18,260 0 0
Sensata Technologies Holding NV SHS N7902X106 1,982 37,818 SH   SOLE   37,818 0 0
Soufun Holdings Ltd ADR Each Rep 1 'A' Ord Shares ADR 836034108 1,679 227,145 SH   SOLE   227,145 0 0
Spectra Energy Corp Com US$0.001 COM 84756N109 1,777 48,950 SH   SOLE   48,950 0 0
Tech Data Corp $0.0015 COM 878237106 8,992 142,215 SH   SOLE   142,215 0 0
Time Warner Inc Com US$0.01 COM NEW 887317303 32,872 384,831 SH   SOLE   384,831 0 0
Union Pacific Corporation Com US$2.50 COM 907818108 82,107 689,225 SH   SOLE   689,225 0 0
United Technologies Corporation Com US$1.00 COM 913017109 43,118 374,940 SH   SOLE   374,940 0 0
Verizon Communications Com US$0.10 COM 92343V104 3,178 67,934 SH   SOLE   67,934 0 0
Verizon Communications Com US$0.10 COM 92343V104 19,467 414,016 SH   SOLE   414,016 0 0
VF Corp Com COM 918204108 16,769 223,890 SH   SOLE   223,890 0 0
Visa Inc Com Stock US$0.0001 COM CL A 92826C839 3,317 12,650 SH   SOLE   12,650 0 0
W.W. Grainger Inc. US$0.50 COM 384802104 5,482 21,507 SH   SOLE   21,507 0 0
Walt Disney Company Disney Com US$0.01 COM Disney 254687106 1,356 14,400 SH   SOLE   14,400 0 0
Wells Fargo & Co Com US$1 2/3 COM 949746101 43,739 797,864 SH   SOLE   797,864 0 0
WEX Inc COM 96208T104 1,891 19,116 SH   SOLE   19,116 0 0
Xylem Inc COM 98419M100 385 10,100 SH   SOLE   10,100 0 0