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
AMAZON.COM INC. COM 023135106 9,202 31,511 SH   SOLE   0 0 0
AMBAC FINANCIAL GROUP INC. COM NEW 023139884 4,537 181,050 SH   SOLE   0 0 0
AMDOCS LIMITED ORD G02602103 1,824 46,770 SH   SOLE   0 0 0
AMERICAN EXPRESS COMPANY COM 25816109 17,435 221,770 SH   SOLE   0 0 0
AMERICAN INTERNATIONAL GROUP COM NEW 026874784 4,130 87,850 SH   SOLE   0 0 0
AMERICAN TOWER REIT INC. COM 03027X100 25,191 327,390 SH   SOLE   0 0 0
ANHEUSER-BUSCH INBEV SPN ADR SPONSORED ADR 03524A108 14,685 154,715 SH   SOLE   0 0 0
APACHE CORP. COMMON COM 037411105 8,112 92,022 SH   SOLE   0 0 0
APPLE INC. COM 37833100 32,734 78,501 SH   SOLE   0 0 0
ASML HOLDING NV-NY REG SHS N Y REGISTRY SHS N07059210 1,789 21,500 SH   SOLE   0 0 0
AUTOZONE INC. COM 053332102 2,198 4,932 SH   SOLE   0 0 0
BANK OF AMERICA CORP. COM 060505104 24,743 1,829,630 SH   SOLE   0 0 0
BERKSHIRE HATHAWAY INC. CL B CL B NEW 84670702 50,976 433,120 SH   SOLE   0 0 0
BROOKFIELD INFRASTRUCTURE P LP LP INT UNIT G16252101 20,675 538,346 SH   SOLE   0 0 0
BROOKFIELD RESIDENTIAL PROP.IN COM 11283W104 2,742 118,200 SH   SOLE   0 0 0
CABOT OIL & GAS CORP. COM 127097103 1,500 20,090 SH   SOLE   0 0 0
CBS CORPORATION CL B 124857202 29,378 571,654 SH   SOLE   0 0 0
CHICAGO BRIDGE & IRON N Y REGISTRY SH 167250109 11,376 181,320 SH   SOLE   0 0 0
CHIQUITA BRANDS INTL COM 170032809 787 68,500 SH   SOLE   0 0 0
CINEDIGM DIGITAL CINEMA - A COM 172407108 32 21,351 SH   SOLE   0 0 0
CISCO SYSTEMS INC. COM 17275R102 16,561 647,150 SH   SOLE   0 0 0
CITIGROUP INC. COM NEW 172967424 18,271 362,200 SH   SOLE   0 0 0
COCA-COLA COMPANY COM 191216100 13,625 323,010 SH   SOLE   0 0 0
COMCAST CORPORATION 'A' CL A 20030N101 3,534 80,495 SH   SOLE   0 0 0
COMCAST CORPORATION SPECIAL A CL A SPL 20030N200 43,204 1,035,650 SH   SOLE   0 0 0
COPA HOLDINGS SA 'A' CL A P31076105 2,716 19,700 SH   SOLE   0 0 0
COVIDIEN PLC SHS G2554F113 23,858 361,030 SH   SOLE   0 0 0
CVS/CAREMARK CORPORATION COM 126650100 28,891 480,470 SH   SOLE   0 0 0
DIRECTV COM 25490A309 3,454 53,290 SH   SOLE   0 0 0
DISCOVER FINANCIAL SERVICES COM 254709108 17,070 340,730 SH   SOLE   0 0 0
ECOLAB INC. COM 278865100 22,051 246,140 SH   SOLE   0 0 0
ENI SPA-SPONSORED ADR SPONSORED ADR 26874R108 2,814 65,200 SH   SOLE   0 0 0
EOG RESOURCES INC. COM 26875p101 1,864 13,460 SH   SOLE   0 0 0
EXXON MOBIL CORPORATION COM 30231G102 2,794 29,403 SH   SOLE   0 0 0
FIRST REPUBLIC BANK/CA COM 33616C100 8,089 199,900 SH   SOLE   0 0 0
FOREST CITY ENTERPRISES-CL A CL A 345550107 615 32,630 SH   SOLE   0 0 0
FORTUNE BRANDS HOME & SECURITY COM 34964C106 1,437 35,270 SH   SOLE   0 0 0
FREEPORT McMORAN COPPER & GOLD COM 35671D857 503 17,330 SH   SOLE   0 0 0
GENERAL MOTORS 4.75% PFD B JR PFD CNV SRB 37045V209 22,835 450,880 SH   SOLE   0 0 0
GOLDMAN SACHS GROUP INC. COM 38141G104 19,724 124,010 SH   SOLE   0 0 0
GOOGLE INC. 'A' CL A 38259P508 28,928 31,247 SH   SOLE   0 0 0
HALCON RESOURCES CORP COM NEW 40537Q209 449 75,370 SH   SOLE   0 0 0
HANGER INC. COM NEW 41043F208 5,148 154,760 SH   SOLE   0 0 0
HEICO CORP- CLASS A CL A 422806208 15,501 399,370 SH   SOLE   0 0 0
HOME DEPOT INC. COM 437076102 26,706 327,810 SH   SOLE   0 0 0
HSBC HOLDINGS PLC-SPONS ADR SPON ADR NEW 404280406 3,095 56,700 SH   SOLE   0 0 0
INT'L. BUSINESS MACHINES COM 459200101 2,405 11,966 SH   SOLE   0 0 0
JOHNSON & JOHNSON COM 478160104 26,903 297,958 SH   SOLE   0 0 0
JP MORGAN CHASE & CO. COM 46625H100 5,522 99,478 SH   SOLE   0 0 0
KBR INC. COM 48242W106 7,195 210,520 SH   SOLE   0 0 0
KINDER MORGAN INC COM 49456B101 15,096 376,290 SH   SOLE   0 0 0
KRAFT FOODS GROUP INC. COM 50076Q106 41,105 699,622 SH   SOLE   0 0 0
LAS VEGAS SANDS CORP COM 517834107 15,751 282,970 SH   SOLE   0 0 0
LIBERTY GLOBAL PLC 'C' SHS CL C G5480U120 23,491 329,040 SH   SOLE   0 0 0
LIONS GATE ENTERTAINMENT CORP. COM NEW 535919203 1,710 59,194 SH   SOLE   0 0 0
LKQ CORP. COM 501889208 18,151 670,310 SH   SOLE   0 0 0
LULULEMON ATHLETICA INC COM 550021109 1,661 24,110 SH   SOLE   0 0 0
MACY'S INC COM 55616P104 6,129 121,420 SH   SOLE   0 0 0
MADISON SQUARE GARDEN CO-A CL A 55826P100 1,338 21,470 SH   SOLE   0 0 0
MARATHON OIL CORP. COM 565849106 1,536 42,240 SH   SOLE   0 0 0
MASTEC INC COM 576323109 16,636 480,840 SH   SOLE   0 0 0
MATTEL INC. COM 577081102 9,167 192,380 SH   SOLE   0 0 0
MELCO CROWN ENTERTAINMENT ADR 585464100 7,948 338,000 SH   SOLE   0 0 0
MERCK & CO. INC. COM 58933Y105 27,606 565,159 SH   SOLE   0 0 0
MERITAGE HOMES CORP. COM 59001A102 3,550 77,850 SH   SOLE   0 0 0
MICHAEL KORS HLDGS LTD SHS G60754101 9,107 139,640 SH   SOLE   0 0 0
MONDELEZ INTERNATIONAL INC.CL CL A 609207105 5,858 195,250 SH   SOLE   0 0 0
MOODY'S CORP COM 615369105 21,621 337,430 SH   SOLE   0 0 0
MOSAIC CO COM 61945C103 926 16,360 SH   SOLE   0 0 0
NATIONAL OILWELL VARCO INC. COM 637071101 24,867 343,200 SH   SOLE   0 0 0
NCR CORPORATION COM 62886E108 37,981 1,094,802 SH   SOLE   0 0 0
NETAPP INC COM 64110D104 8,964 225,620 SH   SOLE   0 0 0
NOVO NORDISK A/S ADR ADR 670100205 3,699 22,700 SH   SOLE   0 0 0
OAKTREE CAPITAL GROUP LLC UNIT 99/99/9999 674001201 28,539 516,431 SH   SOLE   0 0 0
OASIS PETROLEUM INC. COM 674215108 1,505 36,810 SH   SOLE   0 0 0
OCCIDENTAL PETROLEUM CORP COM 674599105 24,540 261,520 SH   SOLE   0 0 0
OMNICARE INC. COM 681904108 10,008 199,480 SH   SOLE   0 0 0
PFIZER INC. COM 717081103 27,391 929,915 SH   SOLE   0 0 0
POLARIS INDUSTRIES, INC. COM 731068102 2,197 21,990 SH   SOLE   0 0 0
PRICESMART INC COM 741511109 3,498 37,960 SH   SOLE   0 0 0
PROCTER & GAMBLE COMPANY COM 742718109 14,441 178,360 SH   SOLE   0 0 0
QUALCOMM INC. COM 747525103 47,906 745,700 SH   SOLE   0 0 0
RANGE RESOURCES CORP COM 75281A109 1,424 17,510 SH   SOLE   0 0 0
RAYMOND JAMES FINANCIAL INC COM 754730109 617 13,650 SH   SOLE   0 0 0
REINSURANCE GROUP OF AMERICA A COM NEW 759351604 1,227 16,879 SH   SOLE   0 0 0
ROCK-TENN COMPANY CL A CL A 772739207 1,644 15,650 SH   SOLE   0 0 0
RYANAIR HLDGS PLC-SP ADR SPONSORED ADR 783513104 22,818 421,076 SH   SOLE   0 0 0
SAN JUAN BASIN ROYALTY TRUST UNIT BEN INT 798241105 422 25,000 SH   SOLE   0 0 0
SANOFI ADR SPONSORED ADR 80105N105 4,659 86,000 SH   SOLE   0 0 0
SIGNET JEWELERS LTD SHS G81276100 21,102 297,590 SH   SOLE   0 0 0
SIRIUS XM RADIO INC. COM 82967N108 20,880 5,927,050 SH   SOLE   0 0 0
SPDR BARCLAYS HY BOND $41 PUT PUT 78464A957 1,675 6,500 SH   SOLE   0 0 0
SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 150 13,960 SH   SOLE   0 0 0
STANLEY BLACK & DECKER INC. COM 854502101 2,513 30,910 SH   SOLE   0 0 0
STARBUCKS CORP. COM 855244109 12,272 178,130 SH   SOLE   0 0 0
SYNGENTA AG - ADR SPONSORED ADR 87160A100 1,965 24,000 SH   SOLE   0 0 0
TAIWAN SEMICONDUCTOR MFG ADR SPONSORED ADR 874039100 2,158 112,000 SH   SOLE   0 0 0
THE ADT CORPORATION COM 00101J106 44,100 1,052,355 SH   SOLE   0 0 0
THE BLACKSTONE GROUP LP COM UNIT LTD 09253U108 32,588 1,471,448 SH   SOLE   0 0 0
THE CARLYLE GROUP COM UTS LTD PTN 14309L102 29,231 1,084,544 SH   SOLE   0 0 0
TORO CO COM 891092108 6,790 142,180 SH   SOLE   0 0 0
TOYOTA MTR CORP ADR SP ADR REP2COM 892331307 4,999 39,400 SH   SOLE   0 0 0
UBS AG - REG SHS NEW H89231338 2,380 133,500 SH   SOLE   0 0 0
UNILEVER PLC-SPONSORED ADR SPONSORED ADR 904767704 2,982 70,000 SH   SOLE   0 0 0
UNITED TECHNOLOGIES CORP COM 913017109 11,098 113,555 SH   SOLE   0 0 0
US BANCORP COM NEW 902973304 7,897 207,740 SH   SOLE   0 0 0
VIACOM INC. 'B' CL B 92553P201 34,397 480,810 SH   SOLE   0 0 0
VODAFONE GROUP PLC SP ADR SPONS ADR NEW 92857W209 26,020 860,770 SH   SOLE   0 0 0
WALT DISNEY CO. COM DISNEY 254687106 9,566 144,050 SH   SOLE   0 0 0
WELLS FARGO COMPANY COM 949746101 41,642 959,507 SH   SOLE   0 0 0
WHOLE FOODS MARKET INC. COM 966837106 8,316 153,620 SH   SOLE   0 0 0
WISDOMTREE JAPAN HEDGED EQ JAPN HEDGE EQT 97717W851 3,386 70,600 SH   SOLE   0 0 0
WYNN RESORTS LTD. COM 983134107 39,974 297,040 SH   SOLE   0 0 0
YAHOO! INC. COM 984332106 23,520 890,020 SH   SOLE   0 0 0