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
AETNA INC NEW COM 00817Y108 6,298 70,901 SH   SOLE 70,901 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 5,964 111,210 SH   SOLE 111,210 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 9,474 169,145 SH   SOLE 169,145 0 0
BAIDU INC SPON ADR REP A 056752108 6,051 26,541 SH   SOLE 26,541 0 0
BANCO SANTANDER SA ADR 05964H105 6,386 766,682 SH   SOLE 766,682 0 0
BANK OF AMERICA CORPORATION COM 060505104 10,142 566,907 SH   SOLE 566,907 0 0
BOSTON BEER INC CL A 100557107 4,470 15,437 SH   SOLE 15,437 0 0
CELGENE CORP COM 151020104 5,492 49,096 SH   SOLE 49,096 0 0
CITIGROUP INC COM NEW 172967424 10,717 198,064 SH   SOLE 198,064 0 0
COMMONWEALTH REIT COM SH BEN INT 203233101 1,935 75,373 SH   SOLE 75,373 0 0
CONOCOPHILLIPS COM 20825C104 2,958 42,828 SH   SOLE 42,828 0 0
CTRIP COM INTL LTD AMERICAN DEP SHS 22943F100 2,802 61,585 SH   SOLE 61,585 0 0
E HOUSE CHINA HLDGS LTD ADR 26852W103 492 68,008 SH   SOLE 68,008 0 0
EATON CORP PLC SHS G29183103 5,347 78,675 SH   SOLE 78,675 0 0
ENCORE CAP GROUP INC COM 292554102 3,663 82,491 SH   SOLE 82,491 0 0
EXELON CORP COM 30161N101 5,633 151,916 SH   SOLE 151,916 0 0
GENERAL MLS INC COM 370334104 6,708 125,787 SH   SOLE 125,787 0 0
HALLIBURTON CO COM 406216101 2,787 70,854 SH   SOLE 70,854 0 0
INVESCO LTD SHS G491BT108 5,058 127,990 SH   SOLE 127,990 0 0
JOHNSON & JOHNSON COM 478160104 10,383 99,297 SH   SOLE 99,297 0 0
KRAFT FOODS GROUP INC COM 50076Q106 7,059 112,656 SH   SOLE 112,656 0 0
MASTERCARD INC CL A 57636Q104 7,088 82,267 SH   SOLE 82,267 0 0
MEDTRONIC INC COM 585055106 5,826 80,697 SH   SOLE 80,697 0 0
NEW ORIENTAL ED & TECH GRP I SPON ADR 647581107 2,857 139,999 SH   SOLE 139,999 0 0
PENTAIR LTD SHS H6169Q108 4,766 71,763 SH   SOLE 71,763 0 0
QIHOO 360 TECHNOLOGY CO LTD ADS 74734M109 2,605 45,501 SH   SOLE 45,501 0 0
REALTY INCOME CORP COM 756109104 2,132 44,690 SH   SOLE 44,690 0 0
RENAISSANCERE HOLDINGS LTD COM G7496G103 4,833 49,714 SH   SOLE 49,714 0 0
SIEMENS A G SPONSORED ADR 826197501 4,151 37,058 SH   SOLE 37,058 0 0
SOUTHERN CO COM 842587107 5,292 107,752 SH   SOLE 107,752 0 0
UNDER ARMOUR INC CL A 904311107 4,856 71,519 SH   SOLE 71,519 0 0
VISA INC COM CL A 92826C839 7,177 27,372 SH   SOLE 27,372 0 0