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
ABB LTD SPONSORED ADR 000375204 774 30,000 SH   SOLE   30,000 0 0
APPLE INC COM 037833100 85,694 159,657 SH   SOLE   159,657 0 0
ASHLAND INC NEW COM 044209104 72,670 730,500 SH   SOLE   730,500 0 0
CHINA MOBILE LIMITED SPONSORED ADR 16941M109 17,252 378,407 SH   SOLE   378,407 0 0
CNOOC LTD SPONSORED ADR 126132109 41,596 274,000 SH   SOLE   274,000 0 0
COCA COLA CO COM 191216100 35,687 923,100 SH   SOLE   923,100 0 0
COCA COLA ENTERPRISES INC NE COM 19122T109 32,014 670,300 SH   SOLE   670,300 0 0
CORNING INC COM 219350105 48,524 2,330,641 SH   SOLE   2,330,641 0 0
DEVON ENERGY CORP NEW COM 25179M103 115,006 1,718,302 SH   SOLE   1,718,302 0 0
DIANA SHIPPING INC COM Y2066G104 16,930 1,412,051 SH   SOLE   1,412,051 0 0
E M C CORP MASS COM 268648102 74,437 2,715,690 SH   SOLE   2,715,690 0 0
ENSCO PLC SHS CLASS A G3157S106 35,380 670,331 SH   SOLE   670,331 0 0
EXXON MOBIL CORP COM 30231G102 36,933 378,100 SH   SOLE   378,100 0 0
HOLLYFRONTIER CORP COM 436106108 41,426 870,665 SH   SOLE   870,665 0 0
INTL PAPER CO COM 460146103 48,633 1,060,000 SH   SOLE   1,060,000 0 0
JOHNSON & JOHNSON COM 478160104 77,651 790,500 SH   SOLE   790,500 0 0
KRAFT FOODS GROUP INC COM 50076Q106 45,609 813,000 SH   SOLE   813,000 0 0
KULICKE & SOFFA INDS INC COM 501242101 26,847 2,128,999 SH   SOLE   2,128,999 0 0
MARATHON OIL CORP COM 565849106 54,011 1,520,589 SH   SOLE   1,520,589 0 0
MEAD JOHNSON NUTRITION CO COM 582839106 80,192 964,543 SH   SOLE   964,543 0 0
MEDTRONIC INC COM 585055106 38,463 625,000 SH   SOLE   625,000 0 0
MICROSOFT CORP COM 594918104 122,102 2,978,813 SH   SOLE   2,978,813 0 0
PEP BOYS MANNY MOE & JACK COM 713278109 10,869 854,456 SH   SOLE   854,456 0 0
PEPSICO INC COM 713448108 113,577 1,360,202 SH   SOLE   1,360,202 0 0
PETROCHINA CO LTD SPONSORED ADR 71646E100 30,385 280,044 SH   SOLE   280,044 0 0
PLUM CREEK TIMBER CO INC COM 729251108 50,826 1,209,000 SH   SOLE   1,209,000 0 0
PROCTER & GAMBLE CO COM 742718109 36,431 452,000 SH   SOLE   452,000 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 731 10,000 SH   SOLE   10,000 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 48,635 2,429,300 SH   SOLE   2,429,300 0 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 73,694 1,394,671 SH   SOLE   1,394,671 0 0
TIMKEN CO COM 887389104 57,034 970,300 SH   SOLE   970,300 0 0
VISTEON CORP COM NEW 92839U206 74,009 836,822 SH   SOLE   836,822 0 0
WASTE MGMT INC DEL COM 94106L109 505 12,000 SH   SOLE   12,000 0 0
WELLS FARGO & CO NEW COM 949746101 66,437 1,335,681 SH   SOLE   1,335,681 0 0