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
ACE LIMITED COM H0023R105 2,278 22,000 SH   SOLE   22,000 0 0
ADOBE SYSTEMS INC COM 00724F101 1,138 19,000 SH   SOLE   19,000 0 0
AGILENT TECHNOLOGY COM 00846U101 9,562 167,200 SH   SOLE   167,200 0 0
ALLERGAN INC. COM 018490102 17,129 154,200 SH   SOLE   154,200 0 0
AMERICAN INTL GROUP COM 026874784 2,042 40,000 SH   SOLE   40,000 0 0
ANADARKO PETROLEUM COM 032511107 714 9,000 SH   SOLE   9,000 0 0
APPLE INC COM 037833100 26,648 47,500 SH   SOLE   47,500 0 0
APPLIED MATERIALS COM 038222105 4,420 250,000 SH   SOLE   250,000 0 0
ARM HOLDINGS PLC (ADR) COM 042068106 8,976 164,000 SH   SOLE   164,000 0 0
BALTIC TRADING COM Y0553W103 390 60,500 SH   SOLE   60,500 0 0
BANK OF AMERICA COM 060505104 14,402 925,000 SH   SOLE   925,000 0 0
BIOGEN IDEC INC COM 09062X103 8,247 29,500 SH   SOLE   29,500 0 0
BLACKROCK INC COM 09247X101 12,342 39,000 SH   SOLE   39,000 0 0
BROADCOM CORP - CL A COM 111320107 1,719 58,000 SH   SOLE   58,000 0 0
BRUKER CORP COM 116794108 2,491 126,000 SH   SOLE   126,000 0 0
CAPITAL ONE FINANCIAL CORP COM 14040H105 4,750 62,000 SH   SOLE   62,000 0 0
CELANESE CORP-SERIES A COM 150870103 3,706 67,000 SH   SOLE   67,000 0 0
CHEVRON COM 166764100 2,748 22,000 SH   SOLE   22,000 0 0
CIENA CORP COM 171779309 4,499 188,000 SH   SOLE   188,000 0 0
CITIGROUP COM 172967424 12,668 243,100 SH   SOLE   243,100 0 0
COMCAST CORPORATION COM 20030N101 11,328 218,000 SH   SOLE   218,000 0 0
CONOCOPHILIPS COM 20825C104 1,625 23,000 SH   SOLE   23,000 0 0
COVIDIEN COM G2554F113 2,247 33,000 SH   SOLE   33,000 0 0
CUMMINS, INC. COM 231021106 8,219 58,300 SH   SOLE   58,300 0 0
CVR ENERGY COM 12662P108 651 15,000 SH   SOLE   15,000 0 0
DISCOVER FINANCIAL SERVICES COM 254709108 8,504 152,000 SH   SOLE   152,000 0 0
DRYSHIPS, INC. COM MHY2109Q1 550 117,000 SH   SOLE   117,000 0 0
FACEBOOK COM 30303M102 7,432 136,000 SH   SOLE   136,000 0 0
FLUOR CORP COM 343412102 8,992 112,000 SH   SOLE   112,000 0 0
FORD MOTORS COM 345370860 741 48,000 SH   SOLE   48,000 0 0
FRONTLINE LTD. COM G3682E127 374 100,000 SH   SOLE   100,000 0 0
GENERAL ELECTRIC CO. COM 369604103 13,398 478,000 SH   SOLE   478,000 0 0
GENERAL MOTORS COM 37045V100 3,515 86,000 SH   SOLE   86,000 0 0
GILEAD SCIENCES INC COM 375558103 12,091 161,000 SH   SOLE   161,000 0 0
GOLDMAN SACHS GROUP COM 38141G104 7,977 45,000 SH   SOLE   45,000 0 0
GOOGLE INC - CL A COM 38259P508 11,767 10,500 SH   SOLE   10,500 0 0
HALLIBURTON COM 406216101 457 9,000 SH   SOLE   9,000 0 0
HARLEY-DAVIDSON INC COM 412822108 3,600 52,000 SH   SOLE   52,000 0 0
INTERNATIONAL BUSINESS MACHINE COM 459200101 2,570 13,700 SH   SOLE   13,700 0 0
JOHNSON & JOHNSON COM 478160104 641 7,000 SH   SOLE   7,000 0 0
JP MORGAN COM 46625H100 25,965 444,000 SH   SOLE   444,000 0 0
LONGTOP FINANCIAL ADR COM 543189108 3 94,200 SH   SOLE   94,200 0 0
LYDONDELLBASELL INDU - CL A COM N53745100 4,977 62,000 SH   SOLE   62,000 0 0
MERCK & CO. INC. COM 58933Y105 1,852 37,000 SH   SOLE   37,000 0 0
MICROSOFT CORP COM 594918104 9,914 265,000 SH   SOLE   265,000 0 0
MORGAN STANLEY COM 617446448 20,321 648,000 SH   SOLE   648,000 0 0
NETAPP, INC. COM 64110D104 2,139 52,000 SH   SOLE   52,000 0 0
NIKE INC. COM 654106103 865 11,000 SH   SOLE   11,000 0 0
OCCIDENTAL PETROLEUM COM 674599105 1,141 12,000 SH   SOLE   12,000 0 0
OPENTABLE INC. COM 68372A104 7,024 88,500 SH   SOLE   88,500 0 0
PANDORA MEDIA INC COM 698354107 7,076 266,000 SH   SOLE   266,000 0 0
PFIZER COM 717081103 1,838 60,000 SH   SOLE   60,000 0 0
PRECISION CASTPARTS COM 740189105 9,425 35,000 SH   SOLE   35,000 0 0
PRICE LINE COM 741503403 4,650 4,000 SH   SOLE   4,000 0 0
PVTPL GDR LEVANESE CO FOR DEV COM 522386101 467 42,264 SH   SOLE   42,264 0 0
SALESFORCE.COM COM 79466L302 12,528 227,000 SH   SOLE   227,000 0 0
SANDISK CORP COM 80004C101 9,170 130,000 SH   SOLE   130,000 0 0
SCHLUMBERGER LTD COM 806857108 1,352 15,000 SH   SOLE   15,000 0 0
SEAGATE TECHNOLOGY HOLDINGS COM G7945M107 7,469 133,000 SH   SOLE   133,000 0 0
SEARS HOLDINGS CORP COM 812350106 19,517 397,988 SH   SOLE   397,988 0 0
SHUTTERSTOCK COM 825690100 4,600 55,000 SH   SOLE   55,000 0 0
TAIWAN SEMICONDUCTOR MFG CO COM 874039100 6,828 391,500 SH   SOLE   391,500 0 0
TERRADYNE, INC COM 880770102 1,145 65,000 SH   SOLE   65,000 0 0
TEXAS INSTRUMENTS COM 882508104 7,201 164,000 SH   SOLE   164,000 0 0
THE BOEING CO COM 097023105 12,011 88,000 SH   SOLE   88,000 0 0
THERMO FISHER SCIENTIFIC COM 883556102 7,238 65,000 SH   SOLE   65,000 0 0
TWENTY-FIRST CENTURY FOX COM 90130A101 11,501 327,000 SH   SOLE   327,000 0 0
UNITED THERAPEUTICS CORP COM 91307C102 1,470 13,000 SH   SOLE   13,000 0 0
VCA AnTECH COM 918194101 1,819 58,000 SH   SOLE   58,000 0 0
WALT DISNEY CO. COM 254687106 12,453 163,000 SH   SOLE   163,000 0 0
WELLS FARGO&COMPANY COM 949746101 9,080 200,000 SH   SOLE   200,000 0 0
WESTERN DIGITAL CORP COM 958102105 7,048 84,000 SH   SOLE   84,000 0 0
YELP INC COM 985817105 11,446 166,000 SH   SOLE   166,000 0 0
ZILLOW, INC. COM 98954A107 6,375 78,000 SH   SOLE   78,000 0 0
CONSUMER STAPLES SPDR ETF 81369Y308 5,759 134,000 SH   SOLE   134,000 0 0
DB COMMODITY INDEX FUND ETF 73935S105 6,925 269,856 SH   SOLE   269,856 0 0
ISHARES CORE MSCI EMERGING MKT ETF 46434G103 41,452 832,200 SH   SOLE   832,200 0 0
ISHARES MSCI MEXICO ETF 464286822 6,120 90,000 SH   SOLE   90,000 0 0
ISHARES NORTH AMER NATURAL RES ETF 464287374 155,706 3,588,523 SH   SOLE   3,588,523 0 0
ISHARES RUSSELL 2000 GROWTH ET ETF 464287648 5,976 44,100 SH   SOLE   44,100 0 0
ISHARES S&P MIDCAP 400/GROWTH ETF 464287606 12,859 85,617 SH   SOLE   85,617 0 0
MARKET VECTORS GOLD MINERS ETF 57060U100 264 12,500 SH   SOLE   12,500 0 0
MID-CAP INDEX ETF 78467Y107 55,678 228,000 SH   SOLE   228,000 0 0
MKT VCT JUNR GOLD ETF 57061R544 230 7,400 SH   SOLE   7,400 0 0
NASDAQ 100 MFC POWERSHARES ETF 73935A104 42,933 488,100 SH   SOLE   488,100 0 0
RUSSELL 2000 INDEX FUND ETF 464287655 7,775 67,400 SH   SOLE   67,400 0 0
S&P 500 PURE GROWTH ETF 78355W403 12,144 172,748 SH   SOLE   172,748 0 0
S&P 500 PURE VALUE ETF 78355W304 11,340 227,853 SH   SOLE   227,853 0 0
S&P SM 600 GROWTH ETF 464287887 6,355 53,575 SH   SOLE   53,575 0 0
S&P SM 600 VALUE ETF 464287879 7,071 63,555 SH   SOLE   63,555 0 0
SELECT SECTOR SPDR-AGRICULTURE ETF 57060U605 131,578 2,414,721 SH   SOLE   2,414,721 0 0
SELECT SECTOR SPDR-CONSUMER DI ETF 81369Y407 93,290 1,395,925 SH   SOLE   1,395,925 0 0
SELECT SECTOR SPDR-ENERGY ETF 81369Y506 69,064 780,300 SH   SOLE   780,300 0 0
SELECT SECTOR SPDR-FINANCIAL ETF 81369Y605 97,314 4,451,700 SH   SOLE   4,451,700 0 0
SELECT SECTOR SPDR-HEALTH CARE ETF 81369Y209 63,301 1,141,800 SH   SOLE   1,141,800 0 0
SELECT SECTOR SPDR-INDUSTRIAL ETF 81369Y704 73,075 1,398,300 SH   SOLE   1,398,300 0 0
SELECT SECTOR SPDR-MATERIALS ETF 81369Y100 25,111 543,300 SH   SOLE   543,300 0 0
SELECT SECTOR SPDR-UTILITIES ETF 81369Y886 151,156 3,980,932 SH   SOLE   3,980,932 0 0
SPDR S&P OIL & GAS EXPLORATION ETF 78464A730 79,458 1,159,465 SH   SOLE   1,159,465 0 0
SPDR-S&P 500 INDEX ETF 78462F103 82,098 444,518 SH   SOLE   444,518 0 0
VANGUARD FTSE DEVELOPED MARKET ETF 921943858 44,568 1,069,300 SH   SOLE   1,069,300 0 0
VANGUARD INFORMATION TECH VIPE ETF 92204A702 12,534 139,980 SH   SOLE   139,980 0 0