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
AES CORP COM 00130H105 1,604 120,670 SH   SOLE   120,670 0 0
AVON PRODS INC COM 054303102 349 121,960 SH   SOLE   121,960 0 0
BAXTER INTL INC COM 071813109 352 7,260 SH   SOLE   7,260 0 0
BUNGE LIMITED COM G16962105 391 7,420 SH   SOLE   7,420 0 0
CATERPILLAR INC DEL COM 149123101 844 10,120 SH   SOLE   10,120 0 0
CHEVRON CORP NEW COM 166764100 1,081 23,990 SH   SOLE   23,990 0 0
DIAMOND OFFSHORE DRILLING IN COM 25271C102 1,398 38,100 SH   SOLE   38,100 0 0
EXPEDITORS INTL WASH INC COM 302130109 305 6,930 SH   SOLE   6,930 0 0
F M C CORP COM 302491303 667 9,300 SH   SOLE   9,300 0 0
FLUOR CORP NEW COM 343412102 1,334 39,550 SH   SOLE   39,550 0 0
GRACE W R & CO DEL NEW COM 38388F108 827 1,370 SH   SOLE   1,370 0 0
INTEL CORP COM 458140100 1,375 135,790 SH   SOLE   135,790 0 0
INTERNATIONAL FLAVORS&FRAGRA COM 459506101 56 12,590 SH   SOLE   12,590 0 0
ISHARES TR MSCI EMERG MKT 464287234 74,161 1,819,000 SH   SOLE   1,819,000 0 0
KLA-TENCOR CORP COM 482480100 1,046 41,250 SH   SOLE   41,250 0 0
LAM RESEARCH CORP COM 512807108 174 3,400 SH   SOLE   3,400 0 0
LAS VEGAS SANDS CORP COM 517834107 2,008 24,970 SH   SOLE   24,970 0 0
LEAR CORP COM 521865204 983 13,730 SH   SOLE   13,730 0 0
MARKET VECTORS ETF TR COAL ETF 57060U837 830 43,685 SH   SOLE   43,685 0 0
MAXIM INTEGRATED PRODS INC COM 57772K101 1,342 78,380 SH   SOLE   78,380 0 0
MCDONALDS CORP COM 580135101 549 12,420 SH   SOLE   12,420 0 0
MICRON TECHNOLOGY INC COM 595112103 867 403,940 SH   SOLE   403,940 0 0
MONDELEZ INTL INC CL A 609207105 1,069 60,170 SH   SOLE   60,170 0 0
PFIZER INC COM 717081103 770 68,680 SH   SOLE   68,680 0 0
PROCTER & GAMBLE CO COM 742718109 105 1,390 SH   SOLE   1,390 0 0
PROSHARES TR PSHS SHRT S&P500 74347R503 17,543 626,975 SH   SOLE   626,975 0 0
PROSHARES TR II COM 74347W361 1,381 35,000 SH   SOLE   35,000 0 0
QUALCOMM INC COM 747525103 1,695 38,850 SH   SOLE   38,850 0 0
SANDISK CORP COM 80004C101 1,573 47,350 SH   SOLE   47,350 0 0
SCHLUMBERGER LTD COM 806857108 913 17,690 SH   SOLE   17,690 0 0
SOUTHERN COPPER CORP COM 84265V105 1,401 27,487 SH   SOLE   27,487 0 0
SPECTRA ENERGY CORP COM 847560109 160 10,620 SH   SOLE   10,620 0 0
WISDOMTREE TRUST EMERG MKTS ETF 97717W315 31,908 617,300 SH   SOLE   617,300 0 0
WYNN RESORTS LTD COM 983134107 1,396 17,330 SH   SOLE   17,330 0 0
YUM BRANDS INC COM 988498101 273 13,660 SH   SOLE   13,660 0 0