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 635 30,000 SH   SOLE   30,000 0 0
APPLE INC COM 037833100 42,838 388,100 SH   SOLE   388,100 0 0
ASHLAND INC NEW COM 044209104 90,479 755,500 SH   SOLE   755,500 0 0
BAKER HUGHES INC COM 057224107 15,840 282,500 SH   SOLE   282,500 0 0
CHINA MOBILE LIMITED SPONSORED ADR 16941M109 750 12,750 SH   SOLE   12,750 0 0
CNOOC LTD SPONSORED ADR 126132109 21,400 158,000 SH   SOLE   158,000 0 0
COCA COLA ENTERPRISES INC NE COM 19122T109 29,641 670,300 SH   SOLE   670,300 0 0
CORNING INC COM 219350105 688 30,000 SH   SOLE   30,000 0 0
COVIDIEN PLC SHS G2554F113 32,832 321,000 SH   SOLE   321,000 0 0
DEVON ENERGY CORP NEW COM 25179M103 101,792 1,663,002 SH   SOLE   1,663,002 0 0
DIANA SHIPPING INC COM Y2066G104 11,736 1,749,005 SH   SOLE   1,749,005 0 0
E M C CORP MASS COM 268648102 83,233 2,798,690 SH   SOLE   2,798,690 0 0
EXXON MOBIL CORP COM 30231G102 56,635 612,600 SH   SOLE   612,600 0 0
HESS CORP COM 42809H107 39,789 539,000 SH   SOLE   539,000 0 0
HOLLYFRONTIER CORP COM 436106108 32,633 870,665 SH   SOLE   870,665 0 0
INTL PAPER CO COM 460146103 36,209 675,800 SH   SOLE   675,800 0 0
JOHNSON & JOHNSON COM 478160104 627 6,000 SH   SOLE   6,000 0 0
KULICKE & SOFFA INDS INC COM 501242101 30,785 2,128,999 SH   SOLE   2,128,999 0 0
MEAD JOHNSON NUTRITION CO COM 582839106 98,986 984,543 SH   SOLE   984,543 0 0
MINDRAY MEDICAL INTL LTD SPON ADR 602675100 31,476 1,192,266 SH   SOLE   1,192,266 0 0
PEP BOYS MANNY MOE & JACK COM 713278109 7,966 811,225 SH   SOLE   811,225 0 0
PFIZER INC COM 717081103 60,774 1,951,000 SH   SOLE   1,951,000 0 0
PLUM CREEK TIMBER CO INC COM 729251108 58,836 1,375,000 SH   SOLE   1,375,000 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 20,142 900,000 SH   SOLE   900,000 0 0
TEMPLETON DRAGON FD INC COM 88018T101 481 20,000 SH   SOLE   20,000 0 0
TIMKEN CO COM 887389104 41,412 970,300 SH   SOLE   970,300 0 0
TIMKENSTEEL CORP COM 887399103 17,965 485,150 SH   SOLE   485,150 0 0
VISTEON CORP COM NEW 92839U206 89,423 836,822 SH   SOLE   836,822 0 0
WASTE MGMT INC DEL COM 94106L109 616 12,000 SH   SOLE   12,000 0 0
WELLS FARGO & CO NEW COM 949746101 41,262 752,681 SH   SOLE   752,681 0 0
WEYERHAEUSER CO COM 962166104 44,482 1,239,405 SH   SOLE   1,239,405 0 0