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
AMERICAN EXPRESS CO COM 025816109 3,630 46,700 SH Put SOLE   46,700 0 0
AMERICAN EXPRESS CO COM 025816109 83,689 1,076,800 SH Put OTR 1 0 1,076,800 0
BLACKBERRY LTD COM 09228F103 20,028 2,448,404 SH   OTR 1 0 2,448,404 0
BLACKBERRY LTD COM 09228F103 535 65,410 SH   SOLE   65,410 0 0
BLACKROCK INC COM 09247X101 164,030 474,100 SH Put OTR 1 0 474,100 0
BLACKROCK INC COM 09247X101 7,093 20,500 SH Put SOLE   20,500 0 0
CITIGROUP INC COM NEW 172967424 36,675 663,920 SH   OTR 1 0 663,920 0
CITIGROUP INC COM NEW 172967424 961 17,402 SH   SOLE   17,402 0 0
CME GROUP INC COM 12572Q105 41,693 448,022 SH   OTR 1 0 448,022 0
CME GROUP INC COM 12572Q105 1,093 11,744 SH   SOLE   11,744 0 0
COSTCO WHSL CORP NEW COM 22160K105 33,012 244,423 SH   OTR 1 0 244,423 0
COSTCO WHSL CORP NEW COM 22160K105 850 6,290 SH   SOLE   6,290 0 0
CUMMINS INC COM 231021106 892 6,802 SH   SOLE   6,802 0 0
CUMMINS INC COM 231021106 34,166 260,436 SH   OTR 1 0 260,436 0
D R HORTON INC COM 23331A109 44,686 1,633,250 SH   OTR 1 0 1,633,250 0
D R HORTON INC COM 23331A109 1,179 43,106 SH   SOLE   43,106 0 0
DEERE & CO COM 244199105 48,073 495,350 SH   OTR 1 0 495,350 0
DEERE & CO COM 244199105 1,264 13,021 SH   SOLE   13,021 0 0
EAGLE MATERIALS INC COM 26969P108 41,880 548,678 SH   OTR 1 0 548,678 0
EAGLE MATERIALS INC COM 26969P108 1,094 14,339 SH   SOLE   14,339 0 0
FACEBOOK INC CL A 30303M102 64,308 749,815 SH   OTR 1 0 749,815 0
FACEBOOK INC CL A 30303M102 1,689 19,690 SH   SOLE   19,690 0 0
FIREEYE INC COM 31816Q101 13,947 285,164 SH   OTR 1 0 285,164 0
FIREEYE INC COM 31816Q101 355 7,252 SH   SOLE   7,252 0 0
HOME DEPOT INC COM 437076102 40,527 364,679 SH   OTR 1 0 364,679 0
HOME DEPOT INC COM 437076102 1,057 9,511 SH   SOLE   9,511 0 0
HONEYWELL INTL INC COM 438516106 26,143 256,376 SH   OTR 1 0 256,376 0
HONEYWELL INTL INC COM 438516106 677 6,639 SH   SOLE   6,639 0 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104 14,617 65,370 SH   OTR 1 0 65,370 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104 371 1,658 SH   SOLE   1,658 0 0
INTUITIVE SURGICAL INC COM NEW 46120E602 21,278 43,918 SH   OTR 1 0 43,918 0
INTUITIVE SURGICAL INC COM NEW 46120E602 509 1,051 SH   SOLE   1,051 0 0
ISHARES MSCI JAPAN ETF 464286848 159,819 12,476,158 SH   OTR 1 0 12,476,158 0
ISHARES MSCI JAPAN ETF 464286848 4,215 329,073 SH   SOLE   329,073 0 0
ISHARES MSCI HONG KG ETF 464286871 126,415 5,603,475 SH   OTR 1 0 5,603,475 0
ISHARES MSCI HONG KG ETF 464286871 3,340 148,052 SH   SOLE   148,052 0 0
ISHARES US HOME CONS ETF 464288752 1,299 47,327 SH   SOLE   47,327 0 0
ISHARES US HOME CONS ETF 464288752 49,448 1,801,382 SH   OTR 1 0 1,801,382 0
ISHARES TR CHINA LG-CAP ETF 464287184 241,041 5,228,649 SH   OTR 1 0 5,228,649 0
ISHARES TR CHINA LG-CAP ETF 464287184 6,356 137,874 SH   SOLE   137,874 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 107,693 2,718,137 SH   OTR 1 0 2,718,137 0
ISHARES TR MSCI EMG MKT ETF 464287234 2,726 68,813 SH   SOLE   68,813 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 44,824 358,991 SH   OTR 1 0 358,991 0
ISHARES TR RUSSELL 2000 ETF 464287655 1,161 9,297 SH   SOLE   9,297 0 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 30,348 2,771,463 SH   OTR 1 0 2,771,463 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 792 72,299 SH   SOLE   72,299 0 0
LAS VEGAS SANDS CORP COM 517834107 1,646 31,313 SH   SOLE   31,313 0 0
LAS VEGAS SANDS CORP COM 517834107 62,768 1,193,991 SH   OTR 1 0 1,193,991 0
LENNAR CORP CL A 526057104 56,425 1,105,510 SH   OTR 1 0 1,105,510 0
LENNAR CORP CL A 526057104 1,478 28,964 SH   SOLE   28,964 0 0
LOCKHEED MARTIN CORP COM 539830109 51,951 279,454 SH   OTR 1 0 279,454 0
LOCKHEED MARTIN CORP COM 539830109 1,340 7,207 SH   SOLE   7,207 0 0
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 43,830 2,467,863 SH   OTR 1 0 2,467,863 0
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 1,030 57,988 SH   SOLE   57,988 0 0
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 95,726 5,390,000 SH Call OTR 1 0 5,390,000 0
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 1,794 101,000 SH Call SOLE   101,000 0 0
MARKET VECTORS ETF TR AGRIBUS ETF 57060U605 1,118 20,286 SH   SOLE   20,286 0 0
MARKET VECTORS ETF TR AGRIBUS ETF 57060U605 42,199 765,576 SH   OTR 1 0 765,576 0
NEWMONT MINING CORP COM 651639106 44,365 1,899,157 SH   OTR 1 0 1,899,157 0
NEWMONT MINING CORP COM 651639106 1,149 49,198 SH   SOLE   49,198 0 0
NORTHROP GRUMMAN CORP COM 666807102 51,257 323,121 SH   OTR 1 0 323,121 0
NORTHROP GRUMMAN CORP COM 666807102 1,324 8,348 SH   SOLE   8,348 0 0
PROSHARES TR PSHS ULTSH 20YRS 74347B201 267,940 5,381,400 SH Call OTR 1 0 5,381,400 0
PROSHARES TR PSHS ULTSH 20YRS 74347B201 11,551 232,000 SH Call SOLE   232,000 0 0
PULTE GROUP INC COM 745867101 44,619 2,214,332 SH   OTR 1 0 2,214,332 0
PULTE GROUP INC COM 745867101 1,176 58,354 SH   SOLE   58,354 0 0
QUALCOMM INC COM 747525103 51,748 826,243 SH   OTR 1 0 826,243 0
QUALCOMM INC COM 747525103 954 15,231 SH   SOLE   15,231 0 0
ROCKWELL AUTOMATION INC COM 773903109 1,408 11,294 SH   SOLE   11,294 0 0
ROCKWELL AUTOMATION INC COM 773903109 53,709 430,914 SH   OTR 1 0 430,914 0
RYLAND GROUP INC COM 783764103 703 15,168 SH   SOLE   15,168 0 0
RYLAND GROUP INC COM 783764103 26,848 578,993 SH   OTR 1 0 578,993 0
SHERWIN WILLIAMS CO COM 824348106 34,352 124,909 SH   OTR 1 0 124,909 0
SHERWIN WILLIAMS CO COM 824348106 879 3,196 SH   SOLE   3,196 0 0
SONY CORP ADR NEW 835699307 49,250 1,734,762 SH   OTR 1 0 1,734,762 0
SONY CORP ADR NEW 835699307 1,298 45,722 SH   SOLE   45,722 0 0
SPDR SERIES TRUST S&P HOMEBUILD 78464A888 56,609 1,545,859 SH   OTR 1 0 1,545,859 0
SPDR SERIES TRUST S&P HOMEBUILD 78464A888 1,491 40,721 SH   SOLE   40,721 0 0
SPLUNK INC COM 848637104 18,084 259,746 SH   OTR 1 0 259,746 0
SPLUNK INC COM 848637104 477 6,850 SH   SOLE   6,850 0 0
ST JOE CO COM 790148100 1,086 69,928 SH   SOLE   69,928 0 0
ST JOE CO COM 790148100 42,390 2,729,565 SH   OTR 1 0 2,729,565 0
TOLL BROTHERS INC COM 889478103 24,770 648,588 SH   OTR 1 0 648,588 0
TOLL BROTHERS INC COM 889478103 649 16,985 SH   SOLE   16,985 0 0
UNITED TECHNOLOGIES CORP COM 913017109 24,211 218,249 SH   OTR 1 0 218,249 0
UNITED TECHNOLOGIES CORP COM 913017109 633 5,705 SH   SOLE   5,705 0 0
US BANCORP DEL COM NEW 902973304 25,058 577,384 SH   OTR 1 0 577,384 0
US BANCORP DEL COM NEW 902973304 660 15,208 SH   SOLE   15,208 0 0
VALE S A ADR 91912E105 44,767 7,600,465 SH   OTR 1 0 7,600,465 0
VALE S A ADR 91912E105 1,183 200,839 SH   SOLE   200,839 0 0
WELLS FARGO & CO NEW COM 949746101 28,282 502,881 SH   OTR 1 0 502,881 0
WELLS FARGO & CO NEW COM 949746101 743 13,207 SH   SOLE   13,207 0 0
WHIRLPOOL CORP COM 963320106 1,242 7,176 SH   SOLE   7,176 0 0
WHIRLPOOL CORP COM 963320106 47,756 275,967 SH   OTR 1 0 275,967 0