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

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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
Akamai Tech Inc COM 00971T101 24,807 355,300 SH   DFND   355,300 0 0
Alcoa Inc COM 013817101 40,698 3,650,000 SH   DFND   3,650,000 0 0
Alibaba Group Hldg Ltd SPONS ADS 01609W102 18,025 219,100 SH   DFND   219,100 0 0
Am Int'l Grp Inc COM 026874784 15,474 250,300 SH   DFND   250,300 0 0
BB&T Corp COM 054937107 19,575 485,600 SH   DFND   485,600 0 0
Citigroup Inc COM 172967424 64,907 1,175,000 SH   DFND   1,175,000 0 0
Cognizant Tech Sol's Corp CL A 192446102 14,466 236,800 SH   DFND   236,800 0 0
Ctrip.com Int'l Ltd AM DEP SHS 22943F100 14,626 201,400 SH   DFND   201,400 0 0
Dow Chemical Co COM 260543103 59,526 1,163,300 SH   DFND   1,163,300 0 0
EOG Res's Inc COM 26875P101 27,219 310,900 SH   DFND   310,900 0 0
Eastman Chemical Co COM 277432100 15,219 186,000 SH   DFND   186,000 0 0
EBay Inc COM 278642103 19,698 327,000 SH   DFND   327,000 0 0
Facebook Inc CL A 30303M102 160,612 1,872,700 SH   DFND   1,872,700 0 0
Freeport-McMoRan Inc CL B 35671D857 66,045 3,547,000 SH   DFND   3,547,000 0 0
HDFC Bank Ltd ADR REPS 3 SHS 40415F101 60,748 1,003,600 SH   DFND   1,003,600 0 0
Halliburton Co COM 406216101 66,629 1,547,000 SH   DFND   1,547,000 0 0
Illumina Inc COM 452327109 45,091 206,500 SH   DFND   206,500 0 0
JP Morgan Chase & Co COM 46625H100 52,670 777,300 SH   DFND   777,300 0 0
JD.Com Inc SPON ADR CL A 47215P106 20,221 593,000 SH   DFND   593,000 0 0
Microsoft Corp COM 594918104 61,726 1,398,100 SH   DFND   1,398,100 0 0
Newmont Mining Corp COM 651639106 29,898 1,279,900 SH   DFND   1,279,900 0 0
Noble Energy Inc COM 655044105 13,453 315,200 SH   DFND   315,200 0 0
PNC Fin'l Services Group, Inc COM 693475105 19,570 204,600 SH   DFND   204,600 0 0
Pioneer Nat'l Res's Co COM 723787107 15,922 114,800 SH   DFND   114,800 0 0
SPDR Gold Trust GOLD SHS 78463V907 323,626 2,880,000 SH   DFND   2,880,000 0 0
SunTrust Banks Inc COM 867914103 19,664 457,100 SH   DFND   457,100 0 0
Wells Fargo & Co COM 949746101 94,449 1,679,400 SH   DFND   1,679,400 0 0
Workday Inc CL A 98138H101 25,261 330,679 SH   DFND   330,679 0 0
LyondellBasell Ind's NV SHS - A - N53745100 74,219 716,950 SH   DFND   716,950 0 0