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
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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
58.COM-ADR SPON ADR REP A 31680Q104 2,883 45,000 SH   SOLE N/A 45,000 0 0
ALERE INC COM 01449J105 68,462 1,297,859 SH   SOLE N/A 1,297,859 0 0
ALTRIA GROUP INC COM 02209S103 15,446 315,800 SH   SOLE N/A 315,800 0 0
AMAZON.COM INC COM 023135106 110,693 255,000 SH   SOLE N/A 255,000 0 0
AMBEV SA-ADR SPON ADR 02319V103 33,296 5,458,300 SH   SOLE N/A 5,458,300 0 0
AMERICAN AIRLINE COM 02376R102 58,833 1,473,230 SH   SOLE N/A 1,473,230 0 0
AMERICAN INTERNA SPON ADR 026874784 109,112 1,765,000 SH   SOLE N/A 1,765,000 0 0
AMERICAN TOWER C COM 03027X100 81,162 870,000 SH   SOLE N/A 870,000 0 0
AMERICA-SPON ADR COM 02364W105 40,979 1,922,984 SH   SOLE N/A 1,922,984 0 0
AMGEN INC COM 031162100 14,922 97,200 SH   SOLE N/A 97,200 0 0
ANTERO RESOURCES COM 03674X106 1,442 42,000 SH   SOLE N/A 42,000 0 0
APACHE CORP COM 037411105 39,188 680,000 SH   SOLE N/A 680,000 0 0
APPLE INC COM 037833100 134,897 1,075,518 SH   SOLE N/A 1,075,518 0 0
BAKER HUGHES INC COM 057224107 28,382 460,000 SH   SOLE N/A 460,000 0 0
BANCO SANTAN-ADR SP ADR PFD 05965X109 24,530 1,211,374 SH   SOLE N/A 1,211,374 0 0
BIOMARIN PHARMAC COM 09061G101 70,351 514,334 SH   SOLE N/A 514,334 0 0
BLACKROCK INC COM 09247X101 14,843 42,900 SH   SOLE N/A 42,900 0 0
BOEING CO/THE COM 097023105 8,934 64,400 SH   SOLE N/A 64,400 0 0
BORGWARNER INC COM 099724106 99,186 1,745,000 SH   SOLE N/A 1,745,000 0 0
BRADESCO-ADR COM 059460303 18,811 2,053,614 SH   SOLE N/A 2,053,614 0 0
CADENCE DESIGN COM 127387108 100,290 5,101,200 SH   SOLE N/A 5,101,200 0 0
CAE INC COM 124765108 38,779 2,607,850 SH   SOLE N/A 2,607,850 0 0
CAN NATL RAILWAY COM 136375102 11,191 155,200 SH   SOLE N/A 155,200 0 0
CANADIAN PACIFIC COM 13645T100 66,027 330,100 SH   SOLE N/A 330,100 0 0
CELGENE CORP COM 151020104 131,591 1,137,000 SH   SOLE N/A 1,137,000 0 0
CEMEX SAB-SP ADR SPON ADR NEW 151290889 41,279 4,506,451 SH   SOLE N/A 4,506,451 0 0
CITIGROUP INC COM NEW 172967424 135,890 2,460,000 SH   SOLE N/A 2,460,000 0 0
COGNIZANT TECH-A CL A 192446102 121,264 1,985,000 SH   SOLE N/A 1,985,000 0 0
COMCAST CORP-A CL A 20030N101 152,274 2,532,000 SH   SOLE N/A 2,532,000 0 0
CONSTELLATION-A CL A 21036P108 75,151 647,740 SH   SOLE N/A 647,740 0 0
CVS HEALTH CORP COM 126650100 162,564 1,550,000 SH   SOLE N/A 1,550,000 0 0
DOLLAR GENERAL C COM 256677105 183,466 2,360,000 SH   SOLE N/A 2,360,000 0 0
EOG RESOURCES COM 26875P101 109,438 1,250,000 SH   SOLE N/A 1,250,000 0 0
EQUINIX INC COM PAR $0.001 29444U700 97,155 382,500 SH   SOLE N/A 382,500 0 0
ESTEE LAUDER CL A 518439104 15,114 174,400 SH   SOLE N/A 174,400 0 0
EXXON MOBIL CORP COM 30231G102 22,614 271,807 SH   SOLE N/A 271,807 0 0
FACEBOOK INC-A CL A 30303M102 122,387 1,427,000 SH   SOLE N/A 1,427,000 0 0
FOMENTO ECON-ADR SPON ADR UNITS 344419106 50,665 568,700 SH   SOLE N/A 568,700 0 0
GILDAN ACTIVEWEA COM 375916103 119,194 2,872,140 SH   SOLE N/A 2,872,140 0 0
GILEAD SCIENCES COM 375558103 47,769 408,000 SH   SOLE N/A 408,000 0 0
GOOGLE INC-A CL A 38259P508 74,967 138,818 SH   SOLE N/A 138,818 0 0
GOOGLE INC-C CL C 38259P706 120,431 231,372 SH   SOLE N/A 231,372 0 0
GRUPO TELEV-ADR SPON ADR 40049J206 50,524 1,301,500 SH   SOLE N/A 1,301,500 0 0
HALLIBURTON CO COM 406216101 95,658 2,221,000 SH   SOLE N/A 2,221,000 0 0
HONEYWELL INTL COM 438516106 14,867 145,800 SH   SOLE N/A 145,800 0 0
HORMEL FOODS CRP COM 440452100 15,147 268,700 SH   SOLE N/A 268,700 0 0
IHS INC-CLASS A CL A 451734107 50,465 392,324 SH   SOLE N/A 392,324 0 0
ISHARES MSCI SOU MCSI STH KOR ETF 464286772 81,287 1,475,000 SH   SOLE N/A 1,475,000 0 0
ISHARES MSCI TAI MCSI TAIWAN ETF 464286731 23,354 1,480,000 SH   SOLE N/A 1,480,000 0 0
ITAU UNIBANC-ADR SPON ADR REP PFD 465562106 22,614 2,065,217 SH   SOLE N/A 2,065,217 0 0
JOHNSON&JOHNSON COM 478160104 15,038 154,300 SH   SOLE N/A 154,300 0 0
JPMORGAN CHASE COM 46625H100 121,968 1,800,000 SH   SOLE N/A 1,800,000 0 0
KIRBY CORP COM 497266106 55,670 726,200 SH   SOLE N/A 726,200 0 0
LAM RESEARCH COM 512807108 121,157 1,489,325 SH   SOLE N/A 1,489,325 0 0
LAREDO PETROLEUM COM 516806106 925 73,500 SH   SOLE N/A 73,500 0 0
MCDONALDS CORP COM 580135101 15,173 159,600 SH   SOLE N/A 159,600 0 0
MCGRAW HILL FINA COM 580645109 63,585 633,000 SH   SOLE N/A 633,000 0 0
MERCK & CO COM 58933Y105 14,927 262,200 SH   SOLE N/A 262,200 0 0
METHANEX CORP ADR 59151K108 80,888 1,160,183 SH   SOLE N/A 1,160,183 0 0
METLIFE INC COM 59156R108 9,233 164,900 SH   SOLE N/A 164,900 0 0
MICROSOFT CORP COM 594918104 104,601 2,369,210 SH   SOLE N/A 2,369,210 0 0
MKT VECT-GOLD MI COM 57060U100 177,707 10,006,000 SH   SOLE N/A 10,006,000 0 0
MKT VECT-RUSSIA RUSSIA ETF 57060U506 69,720 3,814,000 SH   SOLE N/A 3,814,000 0 0
MONSANTO CO COM 61166W101 67,152 630,000 SH   SOLE N/A 630,000 0 0
NUANCE COMMUNICA COM 67020Y100 5,516 315,000 SH   SOLE N/A 315,000 0 0
OSHKOSH CORP COM 688239201 48,914 1,154,182 SH   SOLE N/A 1,154,182 0 0
PETROBRAS SA-ADR SPON ADR 71654V408 17,134 1,893,309 SH   SOLE N/A 1,893,309 0 0
PFIZER INC COM 717081103 92,562 2,760,561 SH   SOLE N/A 2,760,561 0 0
PPL CORP COM 69351T106 39,037 1,324,620 SH   SOLE N/A 1,324,620 0 0
PRECISION DRILL COM 74022D308 39,415 4,686,700 SH   SOLE N/A 4,686,700 0 0
PRUDENTL FINL COM 744320102 85,440 976,238 SH   SOLE N/A 976,238 0 0
QUALCOMM INC COM 747525103 8,593 137,200 SH   SOLE N/A 137,200 0 0
QUANTA SERVICES COM 74762E102 46,396 1,609,858 SH   SOLE N/A 1,609,858 0 0
RAYTHEON CO COM NEW 755111507 14,275 149,200 SH   SOLE N/A 149,200 0 0
SALLY BEAUTY HOL COM 79546E104 30,506 966,000 SH   SOLE N/A 966,000 0 0
SANDISK CORP COM 80004C101 56,473 970,000 SH   SOLE N/A 970,000 0 0
SHERWIN-WILLIAMS COM 824348106 98,809 359,281 SH   SOLE N/A 359,281 0 0
SK TELEC-SPN ADR SPON ADR 78440P108 21,488 866,800 SH   SOLE N/A 866,800 0 0
SPROUTS FARMERS COM 85208M102 55,947 2,073,647 SH   SOLE N/A 2,073,647 0 0
STRYKER CORP COM 863667101 72,155 755,000 SH   SOLE N/A 755,000 0 0
SVB FINANCIAL GR COM 78486Q101 65,215 452,945 SH   SOLE N/A 452,945 0 0
TD AMERITRADE HO COM 87236Y108 100,352 2,725,488 SH   SOLE N/A 2,725,488 0 0
TELUS CORP COM 87971M103 19,664 457,400 SH   SOLE N/A 457,400 0 0
TEXAS INSTRUMENT COM 882508104 72,524 1,407,958 SH   SOLE N/A 1,407,958 0 0
TPG SPECIALTY LE COM 87265K102 59,304 3,488,476 SH   SOLE N/A 3,488,476 0 0
UNION PAC CORP COM 907818108 132,898 1,393,500 SH   SOLE N/A 1,393,500 0 0
UNITED RENTALS COM 911363109 87,032 993,291 SH   SOLE N/A 993,291 0 0
UNITEDHEALTH GRP COM 91324P102 118,473 971,093 SH   SOLE N/A 971,093 0 0
US BANCORP COM NEW 902973304 14,704 338,800 SH   SOLE N/A 338,800 0 0
VALE SA-SP ADR ADR 91912E105 12,958 2,200,000 SH   SOLE N/A 2,200,000 0 0
VALE SA-SP P ADR ADR REPSTG PFD 91912E204 9,595 1,900,000 SH   SOLE N/A 1,900,000 0 0
VERIZON COMMUNIC COM 92343V104 99,978 2,145,000 SH   SOLE N/A 2,145,000 0 0
VERMILION ENERGY COM 923725105 37,107 687,801 SH   SOLE N/A 687,801 0 0
VISA INC-CLASS A COM CL A 92826C839 120,064 1,788,000 SH   SOLE N/A 1,788,000 0 0
WELLS FARGO & CO COM 949746101 188,168 3,345,800 SH   SOLE N/A 3,345,800 0 0
WEYERHAEUSER CO COM 962166104 76,085 2,415,406 SH   SOLE N/A 2,415,406 0 0
YUM! BRANDS INC COM 988498101 77,362 858,815 SH   SOLE N/A 858,815 0 0
ZS PHARMA INC COM 98979G105 30,931 590,396 SH   SOLE N/A 590,396 0 0