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
ALPHABET INC CAP STK CL C 02079K107 870 1,257 SH   SOLE 1,257 0 0
ALPHABET INC CAP STK CL A 02079K305 1,160 1,649 SH   SOLE 1,649 0 0
AMAZON COM INC COM 023135106 2,842 3,972 SH   SOLE 3,972 0 0
AMBEV SA SPONSORED ADR 02319V103 106 18,000 SH   SOLE 18,000 0 0
AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364w105 2,403 196,000 SH   OTR 2 196,000 0 0
AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364w105 373 30,450 SH   SOLE 30,450 0 0
AMERICAN EXPRESS CO COM 025816109 5,893 96,983 SH   SOLE 96,983 0 0
APPLE INC COM 037833100 2,275 23,800 SH   OTR 2 23,800 0 0
APPLE INC COM 037833100 8,851 92,587 SH   SOLE 92,587 0 0
ASSURED GUARANTY LTD COM G0585R106 1,015 40,000 SH   SOLE 40,000 0 0
AT&T INC COM 00206R102 864 20,000 SH   OTR 2 20,000 0 0
AT&T INC COM 00206R102 3,604 83,396 SH   SOLE 83,396 0 0
BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 1,022 178,020 SH   OTR 2 178,020 0 0
BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 6,210 1,081,955 SH   SOLE 1,081,955 0 0
BANCO SANTANDER SA ADR 05964H105 3,710 946,489 SH   SOLE 946,489 0 0
BANK AMER CORP COM 060505104 9,432 710,800 SH   OTR 2 710,800 0 0
BANK AMER CORP COM 060505104 17,552 1,322,667 SH   SOLE 1,322,667 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 1,260 8,700 SH   OTR 2 8,700 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 2,007 13,860 SH   SOLE 13,860 0 0
BHP BILLITON LTD SPONSORED ADR 088606108 288 10,100 SH   SOLE 10,100 0 0
CATERPILLAR INC DEL COM 149123101 5,039 66,465 SH   SOLE 66,465 0 0
CATERPILLAR INC DEL COM 149123101 970 12,800 SH   OTR 2 12,800 0 0
CEMEX SAB DE CV SPON ADR NEW 151290889 14,013 2,271,097 SH   OTR 2 2,271,097 0 0
CEMEX SAB DE CV SPON ADR NEW 151290889 26,590 4,309,520 SH   SOLE 4,309,520 0 0
CHEVRON CORP NEW COM 166764100 735 7,007 SH   SOLE 7,007 0 0
CITIGROUP INC COM NEW 172967424 1,373 32,400 SH   OTR 2 32,400 0 0
CITIGROUP INC COM NEW 172967424 1,638 38,632 SH   SOLE 38,632 0 0
COCA COLA CO COM 191216100 2,620 57,801 SH   SOLE 57,801 0 0
COMPANHIA SIDERURGICA NACION SPONSORED ADR 20440W105 234 95,400 SH   SOLE 95,400 0 0
CORNING INC COM 219350105 205 10,000 SH   SOLE 10,000 0 0
CRANE CO COM 224399105 715 12,600 SH   SOLE 12,600 0 0
CVS HEALTH CORP COM 126650100 254 2,650 SH   SOLE 2,650 0 0
CVS HEALTH CORP COM 126650100 1,771 18,500 SH   OTR 2 18,500 0 0
DEERE & CO COM 244199105 324 4,000 SH   OTR 2 4,000 0 0
DEERE & CO COM 244199105 2,654 32,750 SH   SOLE 32,750 0 0
DIREXION SHS ETF TR DRX S&P500BULL 25459W862 3,686 41,900 SH   SOLE 41,900 0 0
DIREXION SHS ETF TR DLY FIN BULL NEW 25459Y694 1,354 53,200 SH   SOLE 53,200 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 791 12,200 SH   OTR 2 12,200 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 229 3,531 SH   SOLE 3,531 0 0
EMPRESAS ICA S A DE CV SPONS ADR NEW 292448206 33 50,000 SH   SOLE 50,000 0 0
ERICSSON ADR B SEK 10 294821608 293 38,200 SH   SOLE 38,200 0 0
EXXON MOBIL CORP COM 30231g102 5,974 63,726 SH   SOLE 63,726 0 0
FEDEX CORP COM 31428X106 1,009 6,650 SH   OTR 2 6,650 0 0
FEDEX CORP COM 31428X106 592 3,900 SH   SOLE 3,900 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 14,595 157,800 SH   OTR 2 157,800 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 643 6,950 SH   SOLE 6,950 0 0
GENERAL ELECTRIC CO COM 369604103 7,237 229,900 SH   OTR 2 229,900 0 0
GENERAL ELECTRIC CO COM 369604103 16,315 518,279 SH   SOLE 518,279 0 0
GENERAL MTRS CO COM 37045v100 6,059 214,116 SH   SOLE 214,116 0 0
GENERAL MTRS CO COM 37045v100 1,034 36,550 SH   OTR 2 36,550 0 0
GERDAU S A SPON ADR REP PFD 373737105 287 157,900 SH   SOLE 157,900 0 0
GRUPO TELEVISA SA SPON ADR REP ORD 40049j206 3,018 115,900 SH   SOLE 115,900 0 0
GRUPO TELEVISA SA SPON ADR REP ORD 40049j206 249 9,550 SH   OTR 2 9,550 0 0
HONDA MOTOR LTD AMERN SHS 438128308 244 9,620 SH   SOLE 9,620 0 0
HSBC HLDGS PLC ADR A 1/40PF A 404280604 611 23,555 SH   SOLE 23,555 0 0
INTEL CORP COM 458140100 1,838 56,050 SH   OTR 2 56,050 0 0
INTEL CORP COM 458140100 4,208 128,300 SH   SOLE 128,300 0 0
ISHARES MSCI BRZ CAP ETF 464286400 522 17,300 SH   SOLE 17,300 0 0
ISHARES MSCI PAC JP ETF 464286665 477 12,177 SH   SOLE 12,177 0 0
ISHARES MSCI SINGAP ETF 464286673 138 12,680 SH   SOLE 12,680 0 0
ISHARES MSCI GERMANY ETF 464286806 1,869 77,699 SH   SOLE 77,699 0 0
ISHARES MSCI GERMANY ETF 464286806 481 20,000 SH   OTR 2 20,000 0 0
ISHARES MSCI JAPAN ETF 464286848 690 60,000 SH   OTR 2 60,000 0 0
ISHARES MSCI JAPAN ETF 464286848 2,562 222,740 SH   SOLE 222,740 0 0
ISHARES INC CORE MSCI EMKT 46434G103 418 10,000 SH   SOLE 10,000 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 838 46,910 SH   SOLE 46,910 0 0
ISHARES TR S&P 100 ETF 464287101 2,861 30,800 SH   SOLE 30,800 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 1,073 31,227 SH   SOLE 31,227 0 0
ISHARES TR NA NAT RES 464287374 903 27,185 SH   SOLE 27,185 0 0
ISHARES TR LATN AMER 40 ETF 464287390 300 11,395 SH   SOLE 11,395 0 0
ISHARES TR MSCI EAFE ETF 464287465 2,264 40,553 SH   SOLE 40,553 0 0
ISHARES TR CORE S&P MCP ETF 464287507 2,152 14,402 SH   SOLE 14,402 0 0
ISHARES TR GLOBAL 100 ETF 464287572 1,083 15,100 SH   SOLE 15,100 0 0
ISHARES TR RUS 1000 VAL ETF 464287598 3,323 32,188 SH   SOLE 32,188 0 0
ISHARES TR RUS 1000 GRW ETF 464287614 215 2,141 SH   SOLE 2,141 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 277 2,406 SH   SOLE 2,406 0 0
ISHARES TR CORE S&P SCP ETF 464287804 216 1,860 SH   SOLE 1,860 0 0
ISHARES TR EUROPE ETF 464287861 553 14,644 SH   SOLE 14,644 0 0
ISHARES TR SP SMCP600VL ETF 464287879 1,654 14,154 SH   SOLE 14,154 0 0
ISHARES TR EAFE SML CP ETF 464288273 1,388 28,765 SH   SOLE 28,765 0 0
ISHARES TR EAFE VALUE ETF 464288877 1,375 32,033 SH   SOLE 32,033 0 0
ISHARES TR MSCI INDIA ETF 46429B598 2,204 78,950 SH   SOLE 78,950 0 0
ISHARES TR CORE HIGH DV ETF 46429B663 2,054 25,000 SH   OTR 2 25,000 0 0
JOHNSON & JOHNSON COM 478160104 4,524 37,300 SH   OTR 2 37,300 0 0
JOHNSON & JOHNSON COM 478160104 6,102 50,307 SH   SOLE 50,307 0 0
JOHNSON CTLS INC COM 478366107 16,456 371,793 SH   SOLE 371,793 0 0
JPMORGAN CHASE & CO COM 46625H100 2,063 33,195 SH   SOLE 33,195 0 0
KELLOGG CO COM 487836108 212 2,600 SH   SOLE 2,600 0 0
KINDER MORGAN INC DEL COM 49456b101 1,086 58,000 SH   OTR 2 58,000 0 0
KINDER MORGAN INC DEL COM 49456b101 231 12,344 SH   SOLE 12,344 0 0
KRAFT HEINZ CO COM 500754106 321 3,633 SH   SOLE 3,633 0 0
MERCK & CO INC COM 58933Y105 1,037 18,000 SH   OTR 2 18,000 0 0
MERCK & CO INC COM 58933Y105 1,046 18,151 SH   SOLE 18,151 0 0
MICRON TECHNOLOGY INC COM 595112103 502 36,500 SH   SOLE 36,500 0 0
MICROSOFT CORP COM 594918104 1,023 20,000 SH   OTR 2 20,000 0 0
MICROSOFT CORP COM 594918104 630 12,311 SH   SOLE 12,311 0 0
NIKE INC CL B 654106103 883 16,000 SH   OTR 2 16,000 0 0
NIKE INC CL B 654106103 232 4,194 SH   SOLE 4,194 0 0
NOVARTIS A G SPONSORED ADR 66987v109 558 6,765 SH   SOLE 6,765 0 0
PEPSICO INC COM 713448108 3,930 37,100 SH   SOLE 37,100 0 0
PEPSICO INC COM 713448108 2,119 20,000 SH   OTR 2 20,000 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654v408 1,254 175,150 SH   SOLE 175,150 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654v408 389 54,300 SH   OTR 2 54,300 0 0
PFIZER INC COM 717081103 1,984 56,350 SH   OTR 2 56,350 0 0
PFIZER INC COM 717081103 872 24,757 SH   SOLE 24,757 0 0
POWERSHARES DB CMDTY IDX TRA UNIT BEN INT 73935S105 906 59,013 SH   SOLE 59,013 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 1,687 15,689 SH   SOLE 15,689 0 0
PROCTER & GAMBLE CO COM 742718109 1,439 17,000 SH   OTR 2 17,000 0 0
PROCTER & GAMBLE CO COM 742718109 3,326 39,282 SH   SOLE 39,282 0 0
PROSHARES TR ULTRAPRO QQQ 74347X831 3,814 39,600 SH   SOLE 39,600 0 0
PROSHARES TR II ULTRASHRT EURO 74347W882 1,590 65,380 SH   SOLE 65,380 0 0
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 829 14,800 SH   SOLE 14,800 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 5,971 108,125 SH   SOLE 108,125 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 1,058 19,154 SH   OTR 2 19,154 0 0
RYDEX ETF TRUST GUG S&P500 EQ WT 78355W106 1,237 15,400 SH   SOLE 15,400 0 0
SANOFI SPONSORED ADR 80105n105 1,546 36,950 SH   SOLE 36,950 0 0
SCHLUMBERGER LTD COM 806857108 262 3,309 SH   SOLE 3,309 0 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 2,373 30,400 SH   SOLE 30,400 0 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369y506 212 3,100 SH   OTR 2 3,100 0 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369y506 743 10,893 SH   SOLE 10,893 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 1,182 51,709 SH   SOLE 51,709 0 0
SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 358 2,000 SH   OTR 2 2,000 0 0
SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 10,592 59,172 SH   SOLE 59,172 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 2,677 21,171 SH   SOLE 21,171 0 0
SPDR INDEX SHS FDS EURO STOXX 50 78463X202 2,275 73,000 SH   OTR 2 73,000 0 0
SPDR INDEX SHS FDS EURO STOXX 50 78463X202 10,154 325,761 SH   SOLE 325,761 0 0
SPDR INDEX SHS FDS GLB NAT RESRCE 78463X541 290 7,812 SH   SOLE 7,812 0 0
SPDR INDEX SHS FDS S&P INTL SMLCP 78463x871 528 18,179 SH   SOLE 18,179 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 450 2,150 SH   OTR 2 2,150 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 10,867 51,877 SH   SOLE 51,877 0 0
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 1,210 4,443 SH   SOLE 4,443 0 0
TELEFONICA S A SPONSORED ADR 879382208 472 49,820 SH   OTR 2 49,820 0 0
TELEFONICA S A SPONSORED ADR 879382208 5,077 535,578 SH   SOLE 535,578 0 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 1,104 21,976 SH   SOLE 21,976 0 0
TOTAL S A SPONSORED ADR 89151E109 1,394 28,971 SH   OTR 2 28,971 0 0
TOTAL S A SPONSORED ADR 89151E109 3,753 78,023 SH   SOLE 78,023 0 0
UNILEVER N V N Y SHS NEW 904784709 1,408 30,000 SH   OTR 2 30,000 0 0
UNILEVER N V N Y SHS NEW 904784709 382 8,130 SH   SOLE 8,130 0 0
VALE S A ADR 91912E105 62 12,200 SH   OTR 2 12,200 0 0
VALE S A ADR 91912E105 610 120,615 SH   SOLE 120,615 0 0
VANGUARD ADMIRAL FDS INC 500 GRTH IDX F 921932505 7,811 74,600 SH   SOLE 74,600 0 0
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 5,612 29,200 SH   SOLE 29,200 0 0
VANGUARD INDEX FDS REIT ETF 922908553 1,129 12,732 SH   SOLE 12,732 0 0
VANGUARD INDEX FDS SM CP VAL ETF 922908611 1,631 15,485 SH   SOLE 15,485 0 0
VANGUARD INDEX FDS LARGE CAP ETF 922908637 1,859 19,400 SH   SOLE 19,400 0 0
VANGUARD INDEX FDS EXTEND MKT ETF 922908652 1,776 20,789 SH   SOLE 20,789 0 0
VANGUARD INDEX FDS GROWTH ETF 922908736 3,843 35,845 SH   SOLE 35,845 0 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769 4,150 38,727 SH   SOLE 38,727 0 0
VANGUARD INTL EQUITY INDEX F GLB EX US ETF 922042676 314 5,817 SH   SOLE 5,817 0 0
VANGUARD INTL EQUITY INDEX F ALLWRLD EX US 922042775 1,760 41,068 SH   SOLE 41,068 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 6,031 171,193 SH   SOLE 171,193 0 0
VANGUARD INTL EQUITY INDEX F FTSE PACIFIC ETF 922042866 1,542 27,663 SH   SOLE 27,663 0 0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 745 15,975 SH   SOLE 15,975 0 0
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 923 26,091 SH   SOLE 26,091 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 294 5,260 SH   OTR 2 5,260 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 272 4,877 SH   SOLE 4,877 0 0
VODAFONE GROUP PLC NEW SPNSR ADR 92857w308 618 20,000 SH   OTR 2 20,000 0 0
VODAFONE GROUP PLC NEW SPNSR ADR 92857w308 3,464 112,144 SH   SOLE 112,144 0 0
WAL-MART STORES INC COM 931142103 511 7,000 SH   OTR 2 7,000 0 0
WAL-MART STORES INC COM 931142103 3,652 50,012 SH   SOLE 50,012 0 0
WASTE MGMT INC DEL COM 94106l109 663 10,000 SH   OTR 2 10,000 0 0
WISDOMTREE TR JAPN HEDGE EQT 97717w851 2,354 60,690 SH   SOLE 60,690 0 0
WISDOMTREE TR EUROPE HEDGED EQ 97717X701 617 12,204 SH   SOLE 12,204 0 0