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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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
AT&T INC COM COM 00206R102 29,378 750,017 SH   SOLE 0 0 0 750,017
ISHARES TR S&P 100 ETF COM 464287101 3,300 36,000 SH   SOLE 0 0 0 36,000
ISHARES TR RUS 1000 VAL ETF COM 464287598 231 2,331 SH   SOLE 0 0 0 2,331
ISHARES TR RUSSELL 2000 ETF COM 464287655 295 2,660 SH   SOLE 0 0 0 2,660
ISHARES TR EUROPE ETF COM 464287861 326 8,300 SH   SOLE 0 0 0 8,300
ISHARES TR MSCI AC ASIA ETF COM 464288182 280 5,110 SH   SOLE 0 0 0 5,110
ISHARES TR MSCI ACWI ETF COM 464288257 2,154 38,295 SH   SOLE 0 0 0 38,295
POWERSHARES QQQ TRUST UNIT SER 1 COM 73935A104 19 32,560 SH   SOLE 0 0 0 32,560
GRUPO AEROPORT ADS ADR 40051E202 1,036 6,900 SH   SOLE 0 0 0 6,900
SERVICE CORP INTL COM USD1 COMMON STOCK 817565104 578 23,400 SH   SOLE 0 0 0 23,400
CELGENE CORP COM USD0.01 COMMON STOCK 151020104 460 4,600 SH   SOLE 0 0 0 4,600
LIFEPOINT HOSPITAL INC COMMON STOCK 53219L109 547 7,900 SH   SOLE 0 0 0 7,900
CVS HEALTH CORPORATION COMMON STOCK 126650100 944 9,100 SH   SOLE 0 0 0 9,100
CHECK POINT SOFTWARE COMMON STOCK M22465104 1,496 17,100 SH   SOLE 0 0 0 17,100
INFOSYS LTD. SPONSORED ADR REPR. 1/4 SHARE ADR 456788108 643 33,800 SH   SOLE 0 0 0 33,800
AMAZON.COM INC. COMMON STOCK 023135106 534 900 SH   SOLE 0 0 0 900
TAIWAN SEMICONDUCTOR MANUFACTURING ADR ADR 874039100 645 24,600 SH   SOLE 0 0 0 24,600
BA EMBOTELLADORA ANDINA B ADR 29081P303 492 25,800 SH   SOLE 0 0 0 25,800
DISCOVER FINANCIAL SERVICES COMMON STOCK 254709108 586 11,500 SH   SOLE 0 0 0 11,500
ABBVIE INC. COMMON STOCK 00287Y109 31,791 556,565 SH   SOLE 0 0 0 556,565
TRIPADVISOR COMMON STOCK 896945201 432 6,500 SH   SOLE 0 0 0 6,500
DELPHI AUTOMOTIVE COMMON STOCK G27823106 690 9,200 SH   SOLE 0 0 0 9,200
ANSYS COMMON STOCK 03662Q105 573 6,400 SH   SOLE 0 0 0 6,400
FACEBOOK A COMMON STOCK 30303M102 1,141 10,000 SH   SOLE 0 0 0 10,000
HOLLYSYS AUTOM COMMON STOCK G45667105 623 29,600 SH   SOLE 0 0 0 29,600
IPG PHOTONICS COMMON STOCK 44980X109 625 6,500 SH   SOLE 0 0 0 6,500
ALPHABET INC. - C - COMMON STOCK 02079K107 1,269 1,704 SH   SOLE 0 0 0 1,704
JOHNSON & JOHNSON COMMON STOCK 478160104 4,739 43,800 SH   SOLE 0 0 0 43,800
WALT DISNEY COMPANY COMMON STOCK 254687106 1,033 10,400 SH   SOLE 0 0 0 10,400
LUXOFT HLG A. COMMON STOCK G57279104 297 5,400 SH   SOLE 0 0 0 5,400
NIELSEN HOLDINGS PLC. COMMON STOCK G6518L108 1,001 19,000 SH   SOLE 0 0 0 19,000
PAYPAL HOLDINGS INC. COMMON STOCK 70450Y103 733 19,000 SH   SOLE 0 0 0 19,000
BRIGHT HORIZONS COMMON STOCK 109194100 751 11,600 SH   SOLE 0 0 0 11,600
HCA HLDGS COMMON STOCK 40412C101 1,030 13,200 SH   SOLE 0 0 0 13,200
FIRST REPUBLIC BANK COMMON STOCK 33616C100 700 10,500 SH   SOLE 0 0 0 10,500
TIME WARNER INC COMMON STOCK 887317303 667 9,200 SH   SOLE 0 0 0 9,200
MEAD JOHNSON NUTRITION CO COMMON STOCK 582839106 782 9,200 SH   SOLE 0 0 0 9,200
ACTIVISION BLIZZARD COMMON STOCK 00507V109 927 27,400 SH   SOLE 0 0 0 27,400
MEDNAX COMMON STOCK 58502B106 530 8,200 SH   SOLE 0 0 0 8,200
IAC/INTERACTIVE-WI COMMON STOCK 44919P508 400 8,500 SH   SOLE 0 0 0 8,500
NASDAQ INC. COMMON STOCK 631103108 1,089 16,400 SH   SOLE 0 0 0 16,400
BAIDU SP ADR - A ADR 056752108 611 3,200 SH   SOLE 0 0 0 3,200
ICICI BANK LTD ADR ADR 45104G104 634 88,600 SH   SOLE 0 0 0 88,600
PRICELINE GROUP INC. COMMON STOCK 741503403 773 600 SH   SOLE 0 0 0 600
A O SMITH CORP COMMON STOCK 831865209 427 5,600 SH   SOLE 0 0 0 5,600
NETEASE INC ADR 64110W102 890 6,200 SH   SOLE 0 0 0 6,200
BALL CORP. COMMON STOCK 058498106 634 8,900 SH   SOLE 0 0 0 8,900
AETNA INC. COMMON STOCK 00817Y108 618 5,500 SH   SOLE 0 0 0 5,500
ECOLAB INC. COMMON STOCK 278865100 2,387 21,400 SH   SOLE 0 0 0 21,400
HOME DEPOT INC. COMMON STOCK 437076102 721 5,400 SH   SOLE 0 0 0 5,400
SENSIENT TECHNOLOGIES CORP COMMON STOCK 81725T100 571 9,000 SH   SOLE 0 0 0 9,000
COOPER COS INC USD 0,10 COMMON STOCK 216648402 831 5,400 SH   SOLE 0 0 0 5,400
PROGRESSIVE CORP. (OHIO) COMMON STOCK 743315103 784 22,300 SH   SOLE 0 0 0 22,300
NIKE INC -B COMMON STOCK 654106103 725 11,800 SH   SOLE 0 0 0 11,800
APPLE INC COMMON STOCK 037833100 169,632 1,556,400 SH   SOLE 0 0 0 1,556,400
AMGEN INC. COMMON STOCK 031162100 555 3,700 SH   SOLE 0 0 0 3,700
INTERNATIONAL FLAVORS & FRAG USD 0,125 COMMON STOCK 459506101 569 5,000 SH   SOLE 0 0 0 5,000
COLGATE PALMOLIVE CO USD 1,00 COMMON STOCK 194162103 678 9,600 SH   SOLE 0 0 0 9,600
MASTERCARD - A COMMON STOCK 57636Q104 1,030 10,900 SH   SOLE 0 0 0 10,900
ALLIANCE DATA SYST COMMON STOCK 018581108 616 2,800 SH   SOLE 0 0 0 2,800
AUTOMATIC DATA PROCESSING INC COM 053015103 1,148 12,800 SH   SOLE 0 0 0 12,800
MATTEL INC COM 577081102 458 13,632 SH   SOLE 0 0 0 13,632
CITRIX SYSTEMS INC COM 177376100 19,172 243,977 SH   SOLE 0 0 0 243,977
QUALCOMM INC COM 747525103 27,035 528,653 SH   SOLE 0 0 0 528,653
MICROSOFT CORP COM 594918104 32,085 580,932 SH   SOLE 0 0 0 580,932
SYMANTEC CORP COM 871503108 13,467 732,718 SH   SOLE 0 0 0 732,718
YAHOO! INC COM 984332106 109,510 2,975,000 SH   SOLE 0 0 0 2,975,000
MCGRAW HILL FINANCIAL INC COM 580645109 1,430 14,450 SH   SOLE 0 0 0 14,450
PEPSICO INC COM 713448108 1,536 14,990 SH   SOLE 0 0 0 14,990
CUMMINS INC COM 231021106 1,682 15,300 SH   SOLE 0 0 0 15,300
ALIBABA GROUP HOLDING LTD ADR 01609W102 1,305 16,517 SH   SOLE 0 0 0 16,517
FEDEX CORP COM 31428X106 2,804 17,235 SH   SOLE 0 0 0 17,235
KIMBERLY-CLARK CORP COM 494368103 2,421 18,000 SH   SOLE 0 0 0 18,000
CHEVRON CORP COM 166764100 1,717 18,000 SH   SOLE 0 0 0 18,000
THERMO FISHER SCIENTIFIC INC COM 883556102 2,604 18,393 SH   SOLE 0 0 0 18,393
VF CORP COM 918204108 1,321 20,400 SH   SOLE 0 0 0 20,400
PENTAIR PLC COM G7S00T104 1,801 33,186 SH   SOLE 0 0 0 33,186
EMERSON ELECTRIC CO COM 291011104 1,805 33,201 SH   SOLE 0 0 0 33,201
BORGWARNER INC COM 099724106 1,340 34,900 SH   SOLE 0 0 0 34,900
CONAGRA FOODS INC COM 205887102 1,564 35,051 SH   SOLE 0 0 0 35,051
GENERAL MOTORS CO COM 37045V100 1,216 38,676 SH   SOLE 0 0 0 38,676
VMWARE INC COM 928563402 2,042 39,036 SH   SOLE 0 0 0 39,036
CITIGROUP INC COM 172967424 1,656 39,674 SH   SOLE 0 0 0 39,674
HERSHEY CO/THE COM 427866108 3,684 40,000 SH   SOLE 0 0 0 40,000
AGCO CORP COM 001084102 2,197 44,199 SH   SOLE 0 0 0 44,199
CF INDUSTRIES HOLDINGS INC COM 125269100 1,551 49,495 SH   SOLE 0 0 0 49,495
MOSAIC CO/THE COM 61945C103 1,418 52,500 SH   SOLE 0 0 0 52,500
KELLOGG CO COM 487836108 4,057 53,000 SH   SOLE 0 0 0 53,000
ALTRIA GROUP INC COM 02209S103 3,760 60,000 SH   SOLE 0 0 0 60,000
XYLEM INC/NY COM 98419M100 2,474 60,500 SH   SOLE 0 0 0 60,500
AVALONBAY COMMUNITIES INC COM 053484101 12,496 65,700 SH   SOLE 0 0 0 65,700
MERCK & CO INC COM 58933Y105 3,915 74,000 SH   SOLE 0 0 0 74,000
BRF SA COM 10552T107 1,312 92,281 SH   SOLE 0 0 0 92,281
M&T BANK CORP COM 55261F104 10,373 93,454 SH   SOLE 0 0 0 93,454
CONOCOPHILLIPS COM 20825C104 5,760 143,024 SH   SOLE 0 0 0 143,024
SIMON PROPERTY GROUP INC COM 828806109 37,769 181,851 SH   SOLE 0 0 0 181,851
COCA-COLA ENTERPRISES INC COM 19122T109 12,400 244,388 SH   SOLE 0 0 0 244,388
WEYERHAEUSER CO COM 962166104 7,581 244,710 SH   SOLE 0 0 0 244,710
BERKSHIRE HATHAWAY INC COM 084670702 45,943 323,814 SH   SOLE 0 0 0 323,814
EXXON MOBIL CORP COM 30231G102 40,942 489,793 SH   SOLE 0 0 0 489,793
WILLIAMS COS INC/THE COM 969457100 8,381 521,503 SH   SOLE 0 0 0 521,503
JOHNSON CONTROLS INC COM 478366107 38,343 983,906 SH   SOLE 0 0 0 983,906
METLIFE INC COM 59156R108 44,617 1,015,400 SH   SOLE 0 0 0 1,015,400
FORD MOTOR CO COM 345370860 30,041 2,225,233 SH   SOLE 0 0 0 2,225,233
BANK OF AMERICA CORP COM 060505104 100,292 7,418,026 SH   SOLE 0 0 0 7,418,026