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
AON PLC COMMON STOCK USD.01 G0408V102 1,727 23,200 SH   SOLE   23,200 0 0
BUNGE LTD COMMON STOCK USD.01 G16962105 585 7,700 SH   SOLE   7,700 0 0
COVIDIEN PLC COMMON STOCK USD.2 G2554F113 1,328 21,800 SH   SOLE   21,800 0 0
DELPHI AUTOMOTIVE PLC COMMON STOCK USD.01 G27823106 935 16,000 SH   SOLE   16,000 0 0
LIBERTY GLOBAL PLC SERIES C COMMON STOCK USD.01 G5480U120 2,554 33,858 SH   SOLE   33,858 0 0
TE CONNECTIVITY LTD COMMON STOCK CHF.57 H84989104 1,056 20,400 SH   SOLE   20,400 0 0
AES CORP COMMON STOCK USD.01 00130H105 618 46,500 SH   SOLE   46,500 0 0
AT+T INC COMMON STOCK USD1. 00206R102 641 18,950 SH   SOLE   18,950 0 0
ACCELRYS INC COMMON STOCK USD.0001 00430U103 103 10,467 SH   SOLE   10,467 0 0
ADOBE SYSTEMS INC COMMON STOCK USD.0001 00724F101 2,233 43,000 SH   SOLE   43,000 0 0
AIR PRODUCTS + CHEMICALS INC COMMON STOCK USD1. 009158106 1,087 10,200 SH   SOLE   10,200 0 0
ALLERGAN INC COMMON STOCK USD.01 018490102 977 10,800 SH   SOLE   10,800 0 0
AMAZON.COM INC COMMON STOCK USD.01 023135106 844 2,700 SH   SOLE   2,700 0 0
ANADARKO PETROLEUM CORP COMMON STOCK USD.1 032511107 428 4,602 SH   SOLE   4,602 0 0
APACHE CORP COMMON STOCK USD.625 037411105 613 7,200 SH   SOLE   7,200 0 0
WR BERKLEY CORP COMMON STOCK USD.2 084423102 733 17,100 SH   SOLE   17,100 0 0
CHIMERIX INC COMMON STOCK 16934W106 5,055 230,000 SH   SOLE   230,000 0 0
CHIPOTLE MEXICAN GRILL INC COMMON STOCK USD.01 169656105 986 2,300 SH   SOLE   2,300 0 0
COCA COLA CO/THE COMMON STOCK USD.25 191216100 682 18,000 SH   SOLE   18,000 0 0
CROWN CASTLE INTL CORP COMMON STOCK USD.01 228227104 723 9,900 SH   SOLE   9,900 0 0
DEERE + CO COMMON STOCK USD1. 244199105 659 8,100 SH   SOLE   8,100 0 0
WALT DISNEY CO/THE COMMON STOCK USD.01 254687106 387 6,000 SH   SOLE   6,000 0 0
EBAY INC COMMON STOCK USD.001 278642103 1,484 26,600 SH   SOLE   26,600 0 0
ECOLAB INC COMMON STOCK USD1. 278865100 2,321 23,500 SH   SOLE   23,500 0 0
GANNETT CO COMMON STOCK USD1. 364730101 246 9,200 SH   SOLE   9,200 0 0
GENERAL DYNAMICS CORP COMMON STOCK USD1. 369550108 910 10,400 SH   SOLE   10,400 0 0
GENERAL ELECTRIC CO COMMON STOCK USD.06 369604103 957 40,075 SH   SOLE   40,075 0 0
GENERAL MILLS INC COMMON STOCK USD.1 370334104 527 11,000 SH   SOLE   11,000 0 0
HALLIBURTON CO COMMON STOCK USD2.5 406216101 1,912 39,700 SH   SOLE   39,700 0 0
HANSEN MEDICAL INC COMMON STOCK USD.0001 411307101 63 35,463 SH   SOLE   35,463 0 0
HONEYWELL INTERNATIONAL INC COMMON STOCK USD1. 438516106 349 4,200 SH   SOLE   4,200 0 0
JOY GLOBAL INC COMMON STOCK USD1. 481165108 704 13,800 SH   SOLE   13,800 0 0
KOHLS CORP COMMON STOCK USD.01 500255104 869 16,800 SH   SOLE   16,800 0 0
KYTHERA BIOPHARMACEUTICALS I COMMON STOCK USD.00001 501570105 1,596 34,925 SH   SOLE   34,925 0 0
L BRANDS INC COMMON STOCK USD.5 501797104 843 13,800 SH   SOLE   13,800 0 0
LAS VEGAS SANDS CORP COMMON STOCK USD.001 517834107 744 11,200 SH   SOLE   11,200 0 0
ESTEE LAUDER COMPANIES CL A COMMON STOCK USD.01 518439104 2,335 33,400 SH   SOLE   33,400 0 0
LENNAR CORP A COMMON STOCK USD.1 526057104 1,066 30,100 SH   SOLE   30,100 0 0
LIMONEIRA CO COMMON STOCK USD.01 532746104 216 8,400 SH   SOLE   8,400 0 0
LOEWS CORP COMMON STOCK USD.01 540424108 1,098 23,500 SH   SOLE   23,500 0 0
MARSH + MCLENNAN COS COMMON STOCK USD1. 571748102 226 5,200 SH   SOLE   5,200 0 0
MCGRAW HILL FINANCIAL INC COMMON STOCK USD1. 580645109 394 6,000 SH   SOLE   6,000 0 0
MORGAN STANLEY COMMON STOCK USD.01 617446448 1,132 42,000 SH   SOLE   42,000 0 0
NATIONAL OILWELL VARCO INC COMMON STOCK USD.01 637071101 555 7,100 SH   SOLE   7,100 0 0
NOBLE ENERGY INC COMMON STOCK USD.01 655044105 1,427 21,300 SH   SOLE   21,300 0 0
PFIZER INC COMMON STOCK USD..05 717081103 794 27,645 SH   SOLE   27,645 0 0
PHILLIPS 66 COMMON STOCK 718546104 555 9,600 SH   SOLE   9,600 0 0
PIONEER NATURAL RESOURCES CO COMMON STOCK USD.01 723787107 850 4,500 SH   SOLE   4,500 0 0
PRICELINE.COM INC COMMON STOCK USD.008 741503403 1,719 1,700 SH   SOLE   1,700 0 0
PROGRESSIVE CORP COMMON STOCK USD1. 743315103 907 33,300 SH   SOLE   33,300 0 0
SPX CORP COMMON STOCK USD10. 784635104 753 8,900 SH   SOLE   8,900 0 0
SUNTRUST BANKS INC COMMON STOCK USD1. 867914103 551 17,000 SH   SOLE   17,000 0 0
TAIWAN SEMICONDUCTOR SP ADR ADR 874039100 2,056 121,200 SH   SOLE   121,200 0 0
TEXAS INSTRUMENTS INC COMMON STOCK USD1. 882508104 262 6,500 SH   SOLE   6,500 0 0
WALGREEN CO COMMON STOCK USD.078125 931422109 1,641 30,500 SH   SOLE   30,500 0 0
WELLS FARGO + CO COMMON STOCK USD1.666 949746101 748 18,106 SH   SOLE   18,106 0 0
WESTERN UNION CO COMMON STOCK USD.01 959802109 558 29,900 SH   SOLE   29,900 0 0
COMCAST CORP SPECIAL CL A COMMON STOCK USD1. 20030N200 876 20,200 SH   SOLE   20,200 0 0
CONSTELLATION BRANDS INC A COMMON STOCK USD.01 21036P108 620 10,800 SH   SOLE   10,800 0 0
DISH NETWORK CORP A COMMON STOCK USD.01 25470M109 621 13,800 SH   SOLE   13,800 0 0
EOG RESOURCES INC COMMON STOCK USD.01 26875P101 660 3,900 SH   SOLE   3,900 0 0
EXXON MOBIL CORP COMMON STOCK NPV 30231G102 2,891 33,600 SH   SOLE   33,600 0 0
FACEBOOK INC A COMMON STOCK USD.000006 30303M102 1,055 21,000 SH   SOLE   21,000 0 0
FIDELITY NATIONAL INFORMATIO COMMON STOCK USD.01 31620M106 557 12,000 SH   SOLE   12,000 0 0
FIRST REPUBLIC BANK/CA COMMON STOCK USD.01 33616C100 751 16,100 SH   SOLE   16,100 0 0
GOOGLE INC CL A COMMON STOCK USD.001 38259P508 1,051 1,200 SH   SOLE   1,200 0 0
GREEN DOT CORP CLASS A COMMON STOCK USD.001 39304D102 2,391 90,805 SH   SOLE   90,805 0 0
HESS CORP COMMON STOCK USD1. 42809H107 828 10,700 SH   SOLE   10,700 0 0
KINDER MORGAN INC COMMON STOCK USD.01 49456B101 669 18,800 SH   SOLE   18,800 0 0
M + T BANK CORP COMMON STOCK USD.5 55261F104 616 5,500 SH   SOLE   5,500 0 0
MERCK + CO. INC. COMMON STOCK USD.5 58933Y105 1,028 21,600 SH   SOLE   21,600 0 0
NUANCE COMMUNICATIONS INC COMMON STOCK USD.001 67020Y100 4,187 223,940 SH   SOLE   223,940 0 0
ORACLE CORP COMMON STOCK USD.01 68389X105 1,204 36,300 SH   SOLE   36,300 0 0
PRAXAIR INC COMMON STOCK USD.01 74005P104 805 6,700 SH   SOLE   6,700 0 0
SPDR S+P MIDCAP 400 ETF TRUST SPDR S+P MIDCAP 400 ETF TRST 78467Y107 1,267 5,600 SH   SOLE   5,600 0 0
SALESFORCE.COM INC COMMON STOCK USD.001 79466L302 1,915 36,900 SH   SOLE   36,900 0 0
TERADATA CORP COMMON STOCK USD.01 88076W103 693 12,500 SH   SOLE   12,500 0 0
TWENTY FIRST CENTURY FOX B COMMON STOCK USD.01 90130A200 768 23,000 SH   SOLE   23,000 0 0
ULTA SALON COSMETICS + FRAGR COMMON STOCK USD.01 90384S303 729 6,100 SH   SOLE   6,100 0 0
VERIZON COMMUNICATIONS INC COMMON STOCK USD.1 92343V104 828 17,735 SH   SOLE   17,735 0 0
VISA INC CLASS A SHARES COMMON STOCK USD.0001 92826C839 1,949 10,200 SH   SOLE   10,200 0 0