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
AbbVie Inc COM 00287y109 3,871 93,650 SH   SOLE   85,950 0 7,700
Abbott Lab COM 002824100 699 20,050 SH   SOLE   18,550 0 1,500
Accenture Ltd COM G1150G111 540 7,500 SH   SOLE   7,500 0 0
Affiliated Managers Group COM 008252108 14,858 90,632 SH   SOLE   90,632 0 0
Air Liquide ADR COM 009126202 343 13,852 SH   SOLE   13,852 0 0
Alkermes PLC COM g01767105 3,054 106,500 SH   SOLE   95,900 0 10,600
Alliance Data Systems COM 018581108 6,919 38,220 SH   SOLE   34,670 0 3,550
Anadarko Petroleum Corp COM 032511107 1,154 13,435 SH   SOLE   11,935 0 1,500
Anheuser-Busch Inbex SA COM 03524a108 397 4,397 SH   SOLE   4,397 0 0
Apple Inc. COM 037833100 2,076 5,235 SH   SOLE   4,960 0 275
Atlas Copco Ab ADR COM 049255706 238 9,800 SH   SOLE   9,800 0 0
Avis Budget Group, Inc. COM 053774105 8,134 282,935 SH   SOLE   262,435 0 20,500
BASF SE ADR COM 055262505 331 3,700 SH   SOLE   3,700 0 0
Blackrock Inc COM 09247x101 257 1,000 SH   SOLE   1,000 0 0
CNOOC Ltd ADR COM 126132109 352 2,100 SH   SOLE   2,100 0 0
Carrizo Oil & Gas COM 144577103 1,716 60,580 SH   SOLE   57,180 0 3,400
Catamaran Corporation COM 148887102 1,086 22,277 SH   SOLE   20,561 0 1,716
Cisco Systems. Inc. COM 17275R102 2,648 108,800 SH   SOLE   101,900 0 6,900
Clean Harbors, Inc. COM 184496107 8,766 173,475 SH   SOLE   160,125 0 13,350
Cognizant Technology Solutions COM 192446102 16,945 270,510 SH   SOLE   259,210 0 11,300
Compania de Bebidas COM 20441w203 657 17,600 SH   SOLE   17,600 0 0
Compass Group Plc ADS COM 20449x203 279 21,700 SH   SOLE   21,700 0 0
Continental Resources COM 212015101 1,522 17,690 SH   SOLE   16,440 0 1,250
Dassault Systems SA COM 237545108 392 3,200 SH   SOLE   3,200 0 0
Diageo PLC ADS COM 25243q205 655 5,700 SH   SOLE   5,700 0 0
EPAM Systems COM 29414b104 3,373 124,110 SH   SOLE   117,710 0 6,400
Ebay COM 278642103 16,025 309,835 SH   SOLE   296,235 0 13,600
Essilor Intl SA ADR COM 297284200 469 8,784 SH   SOLE   8,784 0 0
Everest Re Group Inc COM G3223R108 282 2,200 SH   SOLE   2,200 0 0
Express Scripts Inc COM 30219g108 5,681 92,015 SH   SOLE   85,115 0 6,900
Exxon Mobil Corporation COM 30231G102 8,594 95,116 SH   SOLE   91,988 0 3,128
Facebook, Inc COM 30303m102 642 25,800 SH   SOLE   25,800 0 0
Fresenius Medical Care A COM 358029106 554 15,700 SH   SOLE   15,700 0 0
Google Inc COM 38259P508 24,164 27,447 SH   SOLE   25,117 0 2,330
Grupo Televisa SA COM 40049j206 280 11,290 SH   SOLE   11,290 0 0
HD Supply COM 40416m105 686 36,500 SH   SOLE   36,500 0 0
HDFC Bank Ltd COM 40415f101 399 11,000 SH   SOLE   11,000 0 0
Halcon Resources Corp COM 40537q209 285 50,300 SH   SOLE   50,300 0 0
Heineken N.V. COM 423012301 639 20,074 SH   SOLE   20,074 0 0
Hertz Global Holding COM 42805T105 9,176 370,000 SH   SOLE   348,700 0 21,300
Home Depot Inc. COM 437076102 565 7,298 SH   SOLE   5,298 0 2,000
ICON plc COM 45103T107 496 13,990 SH   SOLE   11,990 0 2,000
Informatica Corporation COM 45666q102 455 13,000 SH   SOLE   10,500 0 2,500
Intervest Bancshares COM 460927106 334 50,000 SH   SOLE   50,000 0 0
Intl. Business Mach. Corp. COM 459200101 19,729 103,235 SH   SOLE   92,635 0 10,600
Johnson & Johnson COM 478160104 2,362 27,507 SH   SOLE   26,407 0 1,100
Kimberly Clark Corp COM 494368103 3,363 34,616 SH   SOLE   29,296 0 5,320
Komatsu Ltd COM 500458401 456 19,668 SH   SOLE   19,668 0 0
LVMH Moet Hennessy ADR COM 502441030 384 11,840 SH   SOLE   11,840 0 0
LinkedIn Corp COM 53578a108 1,511 8,475 SH   SOLE   7,950 0 525
Luxottica Group ADS COM 55068r202 521 10,300 SH   SOLE   10,300 0 0
Mastercard Inc. COM 57636q104 13,170 22,925 SH   SOLE   21,575 0 1,350
Medidata Solutions COM 58471a105 1,004 12,965 SH   SOLE   11,665 0 1,300
Microsoft Corp COM 594918104 15,746 455,822 SH   SOLE   426,322 0 29,500
Millicom International Cellula COM SE0001174 20,253 282,956 SH   SOLE   271,124 0 11,832
Millicom International Cellula COM l6388f110 73,748 1,019,457 SH   SOLE   1,015,557 0 3,900
Nestle S.A. ADR COM 641069406 575 8,735 SH   SOLE   8,735 0 0
NetEase.com, Inc. COM 64110w102 280 4,430 SH   SOLE   4,430 0 0
Nidec Corp COM 654090109 1,174 67,000 SH   SOLE   67,000 0 0
Noble Energy Inc COM 655044105 11,954 199,100 SH   SOLE   184,768 0 14,332
Nomura Holding Inc COM 65535h208 552 74,200 SH   SOLE   74,200 0 0
Novartis AG COM 66987v109 927 13,103 SH   SOLE   13,103 0 0
Novo-Nordisk A/S COM 670100205 310 2,000 SH   SOLE   2,000 0 0
Oracle Corporation COM 68389X105 3,303 107,555 SH   SOLE   104,655 0 2,900
Philip Morris International COM 718172109 208 2,400 SH   SOLE   2,400 0 0
Precision Castparts Corp COM 740189105 339 1,500 SH   SOLE   1,500 0 0
Priceline.com Incorporated COM 741503403 23,651 28,610 SH   SOLE   27,290 0 1,320
ProShares UltraShort Basic Mat COM 74347X617 266 5,000 SH   SOLE   5,000 0 0
Procter & Gamble Co. COM 742718109 681 8,844 SH   SOLE   8,844 0 0
Prudential PLC COM 74435k204 491 15,000 SH   SOLE   15,000 0 0
Purecycle COM 746228303 694 124,073 SH   SOLE   124,073 0 0
Qualcomm Inc. COM 747525103 7,455 122,040 SH   SOLE   114,540 0 7,500
Roche Holdings Ltd COM 771195104 432 6,990 SH   SOLE   6,990 0 0
Rolls Royce Hldg Plc ADS COM 775781206 906 10,400 SH   SOLE   10,400 0 0
Royal Caribbean Cruises COM V7780T103 253 7,600 SH   SOLE   7,600 0 0
SAP AG COM 803054204 976 13,400 SH   SOLE   13,400 0 0
Safestitch Medical Inc. COM 78645y102 17 46,800 SH   SOLE   46,800 0 0
Salesforce.com COM 79466l302 535 14,000 SH   SOLE   14,000 0 0
Seadrill Limited COM g7945e105 20,371 500,020 SH   SOLE   482,920 0 17,100
Shire plc ADS COM 82481r106 325 3,420 SH   SOLE   3,420 0 0
Syngenta AG COM 87160a100 677 8,700 SH   SOLE   8,700 0 0
Technip ADS COM 878546209 245 9,644 SH   SOLE   9,644 0 0
Tencent Holdings Ltd COM 88032q109 234 6,000 SH   SOLE   6,000 0 0
Teva Pharmaceutical COM 881624209 356 9,090 SH   SOLE   9,090 0 0
Toyota Motor Corp COM 892331307 688 5,700 SH   SOLE   5,700 0 0
TripAdvisor, Inc. COM 896945201 15,306 251,460 SH   SOLE   238,760 0 12,700
U.S. Silica Holdings, Inc. COM 90346e103 249 12,000 SH   SOLE   12,000 0 0
Unilever N.V. COM 904784709 535 13,600 SH   SOLE   13,600 0 0
VISA Inc. COM 92826c839 11,609 63,525 SH   SOLE   60,125 0 3,400
Vodafone Group plc ADS COM 92857W100 671 23,331 SH   SOLE   23,331 0 0
Volkswagen AG COM 928662303 417 10,700 SH   SOLE   10,700 0 0
Wal-mart De Mexico SAB COM 93114w107 493 17,600 SH   SOLE   17,600 0 0
Whiting Petroleum Corp COM 966387102 285 6,180 SH   SOLE   6,180 0 0
adidas AG COM 00687A107 574 10,600 SH   SOLE   10,600 0 0