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
Alphabet Inc., Class A COM 02079K305 2,696 3,465 SH   SOLE   3,465 0 0
Amazon.com, Inc. COM 023135106 2,947 4,360 SH   SOLE   4,360 0 0
Amgen, Inc. COM 031162100 958 5,900 SH   SOLE   5,900 0 0
Amphenol Corp. COM 032095101 2,086 39,825 SH   SOLE   39,825 0 0
Apple Computer, Inc. COM 037833100 3,609 34,285 SH   SOLE   34,285 0 0
Avago Technologies, Ltd. COM Y0486S104 58 400 SH   SOLE   400 0 0
Baidu, Inc. ADR 056752108 163 860 SH   SOLE   860 0 0
Banco Macro SA ADR 05961W105 174 3,000 SH   SOLE   3,000 0 0
Biogen, Inc. COM 09062X103 766 2,500 SH   SOLE   2,500 0 0
Blackstone Group LP COM 09253U108 2,634 90,075 SH   SOLE   90,075 0 0
Celgene Corporation COM 151020104 1,183 9,875 SH   SOLE   9,875 0 0
Charles Schwab COM 808513105 2,771 84,150 SH   SOLE   84,150 0 0
Cognizant Technology Solutions COM 192446102 1,846 30,750 SH   SOLE   30,750 0 0
Cummins, Inc. COM 231021106 1,012 11,500 SH   SOLE   11,500 0 0
Expedia Inc. COM 30212P303 2,996 24,100 SH   SOLE   24,100 0 0
Fabrinet COM G3323L100 4,859 204,000 SH   DFND 1 0 204,000 0
Fabrinet COM G3323L100 326 13,700 SH   SOLE   13,700 0 0
Facebook, Inc. COM 30303M102 4,097 39,150 SH   SOLE   39,150 0 0
Fiserv, Inc. COM 337738108 1,838 20,100 SH   SOLE   20,100 0 0
Fomento Economico Mexico ADR 344419106 194 2,100 SH   SOLE   2,100 0 0
Gilead Sciences, Inc. COM 375558103 2,517 24,875 SH   SOLE   24,875 0 0
Goldman Sachs Group, Inc. COM 38141G104 3,303 18,325 SH   SOLE   18,325 0 0
Grupo Televisa S.A. ADR 40049J206 212 7,800 SH   SOLE   7,800 0 0
HDFC Bank Ltd. ADR ADR 40415F101 776 12,600 SH   SOLE   12,600 0 0
Home Depot, Inc. COM 437076102 2,796 21,145 SH   SOLE   21,145 0 0
ICON PLC COM G4705A100 70 900 SH   SOLE   900 0 0
Intercontinental Exchange, Inc COM 45866F104 1,679 6,550 SH   SOLE   6,550 0 0
IShares MSCI Asia Ex-Japan Index ETF 464288182 1,041 19,500 SH   SOLE   19,500 0 0
iShares MSCI Emerging Mkt Asia ETF 464286426 2,325 46,000 SH   SOLE   46,000 0 0
JD.Com Inc. ADR 47215P106 1,739 53,900 SH   SOLE   53,900 0 0
JD.Com Inc. ADR 47215P106 4,591 142,300 SH   DFND 1 0 142,300 0
Kroger Company COM 501044101 2,044 48,875 SH   SOLE   48,875 0 0
Lennar Corp. COM 526057104 1,458 29,800 SH   SOLE   29,800 0 0
Lockheed Martin Corporation COM 539830109 1,417 6,525 SH   SOLE   6,525 0 0
Lowe's Companies COM 548661107 2,738 36,005 SH   SOLE   36,005 0 0
Market Vectors Vietnam ETF ETF 57060U761 1,157 78,200 SH   SOLE   78,200 0 0
Market Vectors Vietnam ETF ETF 57060U761 1,920 129,800 SH   DFND 1 0 129,800 0
Medtronic COM G5960L103 2,067 26,725 SH   SOLE   26,725 0 0
Mobileye NV COM N51488117 131 3,100 SH   SOLE   3,100 0 0
Morgan Stanley COM 617446448 3,045 95,725 SH   SOLE   95,725 0 0
Nike, Inc. Class B COM 654106103 1,648 26,300 SH   SOLE   26,300 0 0
Northrop Grumman Corp COM 666807102 2,912 15,425 SH   SOLE   15,425 0 0
Raytheon Company COM 755111507 2,466 19,800 SH   SOLE   19,800 0 0
Regeneron Pharmaceuticals Inc. COM 75886F107 2,310 4,255 SH   SOLE   4,255 0 0
Roper Industries, Inc. COM 776696106 1,803 9,500 SH   SOLE   9,500 0 0
Taiwan Semiconductor ADR 874039100 162 7,100 SH   SOLE   7,100 0 0
TAL Education Group ADR 874080104 279 6,000 SH   SOLE   6,000 0 0
Texas Instruments, Inc. COM 882508104 2,336 42,625 SH   SOLE   42,625 0 0
The Priceline Group, Inc. COM 741503403 1,740 1,365 SH   SOLE   1,365 0 0
The Walt Disney Company COM 254687106 1,635 15,450 SH   SOLE   15,450 0 0
Union Pacific Corp. COM 907818108 2,176 27,825 SH   SOLE   27,825 0 0
Visa, Inc. COM 92826C839 1,791 23,100 SH   SOLE   23,100 0 0
Wells Fargo Company COM 949746101 2,102 38,675 SH   SOLE   38,675 0 0