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
3M CO COM 88579Y101 13,546 75,863 SH   SOLE   75,863 0 0
AK STL HLDG CORP COM 001547108 13,733 1,345,026 SH   SOLE   1,345,026 0 0
BARRICK GOLD CORP COM 067901108 8,260 516,841 SH   SOLE   516,841 0 0
BHP BILLITON LTD SPONSORED ADR 088606108 9,808 274,125 SH   SOLE   274,125 0 0
COSTCO WHSL CORP NEW COM 22160K105 11,927 74,492 SH   SOLE   74,492 0 0
D R HORTON INC COM 23331A109 12,267 448,866 SH   SOLE   448,866 0 0
FACEBOOK INC CL A 30303M102 7,836 68,104 SH   SOLE   68,104 0 0
FORTUNE BRANDS HOME & SEC IN COM 34964C106 4,548 85,068 SH   SOLE   85,068 0 0
HONEYWELL INTL INC COM 438516106 6,311 54,473 SH   SOLE   54,473 0 0
INTEL CORP COM 458140100 7,055 194,516 SH   SOLE   194,516 0 0
INTUITIVE SURGICAL INC COM NEW 46120E602 8,934 14,088 SH   SOLE   14,088 0 0
ISHARES MSCI BRZ CAP ETF 464286400 9,423 282,634 SH   SOLE   282,634 0 0
ISHARES MSCI BRZ CAP ETF 464286400 33,573 1,007,000 SH Call SOLE   1,007,000 0 0
ISHARES MSCI STH KOR ETF 464286772 28,796 541,060 SH   SOLE   541,060 0 0
ISHARES MSCI MEX CAP ETF 464286822 23,973 545,210 SH   SOLE   545,210 0 0
ISHARES INC MSCI TAIWAN ETF 46434G772 15,959 543,400 SH   SOLE   543,400 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 48,002 1,371,074 SH   SOLE   1,371,074 0 0
ISHARES TR US HOME CONS ETF 464288752 14,176 515,854 SH   SOLE   515,854 0 0
LENNAR CORP CL A 526057104 8,137 189,537 SH   SOLE   189,537 0 0
LOCKHEED MARTIN CORP COM 539830109 6,988 27,958 SH   SOLE   27,958 0 0
MASCO CORP COM 574599106 18,646 151,369 SH   SOLE   151,369 0 0
MICROSOFT CORP COM 594918104 9,247 148,823 SH   SOLE   148,823 0 0
NORFOLK SOUTHERN CORP COM 655844108 10,678 98,813 SH   SOLE   98,813 0 0
NORTHROP GRUMMAN CORP COM 666807102 7,465 32,097 SH   SOLE   32,097 0 0
POTASH CORP SASK INC COM 73755L107 4,246 234,716 SH   SOLE   234,716 0 0
PULTE GROUP INC COM 745867101 9,053 492,573 SH   SOLE   492,573 0 0
RANGE RES CORP COM 75281A109 4,955 144,190 SH   SOLE   144,190 0 0
RAYTHEON CO COM NEW 755111507 9,490 66,835 SH   SOLE   66,835 0 0
ROCKWELL AUTOMATION INC COM 773903109 6,607 49,163 SH   SOLE   49,163 0 0
ROSS STORES INC COM 778296103 10,688 162,930 SH   SOLE   162,930 0 0
SCHLUMBERGER LTD COM 806857108 6,378 75,983 SH   SOLE   75,983 0 0
SHERWIN WILLIAMS CO COM 824348106 5,067 18,858 SH   SOLE   18,858 0 0
SILVER WHEATON CORP COM 828336107 8,237 426,375 SH   SOLE   426,375 0 0
SOCIEDAD QUIMICA MINERA DE C SPON ADR SER B 833635105 8,257 288,189 SH   SOLE   288,189 0 0
SONY CORP ADR NEW 835699307 6,167 220,010 SH   SOLE   220,010 0 0
SOUTHERN COPPER CORP COM 84265V105 7,354 230,253 SH   SOLE   230,253 0 0
SPDR SERIES TRUST S&P REGL BKG 78464A698 24,226 435,951 SH   SOLE   435,951 0 0
SPDR SERIES TRUST S&P OILGAS EXP 78464A730 11,806 285,010 SH   SOLE   285,010 0 0
SPDR SERIES TRUST S&P HOMEBUILD 78464A888 9,040 267,069 SH   SOLE   267,069 0 0
SPLUNK INC COM 848637104 2,462 48,127 SH   SOLE   48,127 0 0
ST JOE CO COM 790148100 6,159 324,142 SH   SOLE   324,142 0 0
STEEL DYNAMICS INC COM 858119100 10,228 287,474 SH   SOLE   287,474 0 0
VANECK VECTORS ETF TR GOLD MINERS ETF 92189F106 8,427 402,800 SH   SOLE   402,800 0 0
WEYERHAEUSER CO COM 962166104 5,667 188,339 SH   SOLE   188,339 0 0