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

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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 Inc SPON ADR REP A 31680Q104 2,164 29,396 SH   SOLE   29,396 0 0
Canadian Pacific Railway Ltd COM 13645T100 13,076 61,698 SH   SOLE   61,698 0 0
Noah Holdings Ltd SPON ADS CL A 65487X102 2,125 50,424 SH   SOLE   50,424 0 0
Norfolk Southern Corp COM 655844108 13,112 72,642 SH   SOLE   72,642 0 0
Union Pacific Corp COM 907818108 13,645 83,801 SH   SOLE   83,801 0 0
Vanguard Intermediate-Term Treasury ETF INTER TERM TREAS 92206C706 797 12,830 SH   SOLE   12,830 0 0