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
AVG Technologies N.V. COM n07831105 1,510 55,500 SH   SOLE   55,500 0 55,500
Affiliated Managers Group Inc COM 008252108 12,451 56,957 SH   SOLE   56,957 0 56,957
Air Liquide ADR COM 009126202 460 18,097 SH   SOLE   18,097 0 18,097
Allergan plc COM g0177j108 2,112 6,961 SH   SOLE   6,961 0 6,961
Alliance Data Sys Corp COM 018581108 13,048 44,695 SH   SOLE   44,695 0 44,695
Amazon.com COM 023135106 303 697 SH   SOLE   697 0 697
Ambev S.A. COM 02319v103 575 94,200 SH   SOLE   94,200 0 94,200
American Airlines Group COM 02376r102 325 8,150 SH   SOLE   8,150 0 8,150
Anadarko Petroleum Corp COM 032511107 297 3,800 SH   SOLE   3,800 0 3,800
Anheuser Busch Inbev Spn COM 03524A108 639 5,297 SH   SOLE   5,297 0 5,297
Apple Inc COM 037833100 18,331 146,150 SH   SOLE   146,150 0 146,150
Baidu, Inc. COM 056752108 598 3,005 SH   SOLE   3,005 0 3,005
Basf Se Adr COM 055262505 346 3,900 SH   SOLE   3,900 0 3,900
Bayer A G Sponsored Adr COM 072730302 775 5,500 SH   SOLE   5,500 0 5,500
Biogen Inc. COM 09062x103 727 1,800 SH   SOLE   1,800 0 1,800
Blackhawk Network Holdings I COM 09238E104 367 8,900 SH   SOLE   8,900 0 8,900
Blackrock Inc COM 09247x101 362 1,045 SH   SOLE   1,045 0 1,045
Blackstone Group L.P. COM 09253U108 535 13,100 SH   SOLE   13,100 0 13,100
Boeing Co COM 097023105 277 2,000 SH   SOLE   2,000 0 2,000
CVS Health Corporation COM 126650100 8,500 81,045 SH   SOLE   81,045 0 81,045
Check Point Software Tech Ord COM M22465104 3,468 43,600 SH   SOLE   43,600 0 43,600
Cognizant Technology Solutions COM 192446102 29,541 483,566 SH   SOLE   483,566 0 483,566
Colgate-Palmolive COM 194162103 238 3,641 SH   SOLE   3,641 0 3,641
Community Health Systems COM 203668108 13,576 215,600 SH   SOLE   215,600 0 215,600
Compass Group Plc ADS COM 20449x203 413 24,657 SH   SOLE   24,657 0 24,657
Continental Resources COM 212015101 426 10,050 SH   SOLE   10,050 0 10,050
Deutsche Telekom AG COM 251566105 630 36,600 SH   SOLE   36,600 0 36,600
Diageo Plc Sponsored Adr New COM 25243Q205 719 6,200 SH   SOLE   6,200 0 6,200
Epam Systems Inc COM 29414B104 32,407 454,960 SH   SOLE   454,960 0 454,960
Essilor Intl SA ADR COM 297284200 573 9,484 SH   SOLE   9,484 0 9,484
Everest Re Group Inc COM G3223R108 400 2,200 SH   SOLE   2,200 0 2,200
Expedia, Inc. COM 30212p303 328 3,000 SH   SOLE   3,000 0 3,000
Exxon Mobil Corp COM 30231G102 6,852 82,361 SH   SOLE   82,361 0 82,361
Facebook Inc-A COM 30303M102 13,301 155,090 SH   SOLE   155,090 0 155,090
Fleetcor Technologies Inc COM 339041105 3,511 22,500 SH   SOLE   22,500 0 22,500
Fleetmatics Group PLC COM g35569105 2,004 42,800 SH   SOLE   42,800 0 42,800
Fresenius Medical Care A COM 358029106 736 17,700 SH   SOLE   17,700 0 17,700
Goldman Sachs Group COM 38141G104 1,357 6,500 SH   SOLE   6,500 0 6,500
Google Inc - Cl A COM 38259P508 12,788 23,680 SH   SOLE   23,680 0 23,680
Google Inc - Cl C COM 38259P706 8,043 15,451 SH   SOLE   15,451 0 15,451
Grupo Televisa SA COM 40049j206 520 13,390 SH   SOLE   13,390 0 13,390
Heineken N.V. COM 423012301 695 18,200 SH   SOLE   18,200 0 18,200
Henkel AG and Co. ADR COM 42550u208 316 2,800 SH   SOLE   2,800 0 2,800
Home Depot Inc COM 437076102 11,268 101,398 SH   SOLE   101,398 0 101,398
Honeywell Inc. COM 438516106 501 4,912 SH   SOLE   4,912 0 4,912
Icon Plc COM G4705A100 754 11,200 SH   SOLE   11,200 0 11,200
Illumina Inc COM 452327109 1,666 7,630 SH   SOLE   7,630 0 7,630
Interactive Brokers Group COM 45841N107 316 7,600 SH   SOLE   7,600 0 7,600
Johnson & Johnson COM 478160104 3,224 33,084 SH   SOLE   33,084 0 33,084
Kimberly Clark Corp COM 494368103 1,457 13,751 SH   SOLE   13,751 0 13,751
LVMH Moet Hennessy ADR COM 502441306 492 14,000 SH   SOLE   14,000 0 14,000
Lilly Eli & Co. COM 532457108 252 3,019 SH   SOLE   3,019 0 3,019
Lowes Companies Inc. COM 548661107 5,466 81,625 SH   SOLE   81,625 0 81,625
Luxoft Holding Inc COM G57279104 21,502 380,235 SH   SOLE   380,235 0 380,235
Luxottica Group ADS COM 55068r202 837 12,600 SH   SOLE   12,600 0 12,600
Mallinckrodt Plc COM g5785g107 753 6,400 SH   SOLE   6,400 0 6,400
Mastercard Inc-Class A COM 57636Q104 14,771 158,015 SH   SOLE   158,015 0 158,015
Medidata Solutions Inc COM 58471A105 472 8,690 SH   SOLE   8,690 0 8,690
Merck & Co. COM 589331107 465 8,171 SH   SOLE   8,171 0 8,171
Microsoft Corporation COM 594918104 17,446 395,150 SH   SOLE   395,150 0 395,150
Millicom International Cellula COM SE0001174 17,397 236,145 SH   SOLE   236,145 0 236,145
Millicom International Cellula COM l6388f110 73,616 995,218 SH   SOLE   995,218 0 995,218
Nestle Sa Spon Adr Repstg Reg COM 641069406 746 10,335 SH   SOLE   10,335 0 10,335
Netease, Inc COM 64110W102 772 5,330 SH   SOLE   5,330 0 5,330
Nidec Corp Adr COM 654090109 1,323 70,800 SH   SOLE   70,800 0 70,800
Nike Inc. Cl-B COM 654106103 281 2,600 SH   SOLE   2,600 0 2,600
Nintendo Co, Ltd. COM 654445303 258 12,300 SH   SOLE   12,300 0 12,300
Noble Energy Inc COM 655044105 638 14,940 SH   SOLE   14,940 0 14,940
North Atlantic Drilling Ltd COM G6613P202 200 168,000 SH   SOLE   168,000 0 168,000
Novartis Ag-Adr COM 66987V109 1,392 14,153 SH   SOLE   14,153 0 14,153
Novo Nordisk A/S Adr COM 670100205 646 11,800 SH   SOLE   11,800 0 11,800
Nq Mobile Inc COM 64118U108 422 80,000 SH   SOLE   80,000 0 80,000
Olympus Corporation COM 68163W109 405 11,700 SH   SOLE   11,700 0 11,700
Palo Alto Networks Inc COM 697435105 437 2,500 SH   SOLE   2,500 0 2,500
Procter & Gamble Co COM 742718109 692 8,844 SH   SOLE   8,844 0 8,844
Prudential PLC COM 74435k204 758 15,600 SH   SOLE   15,600 0 15,600
Pure Cycle Corp COM 746228303 982 188,833 SH   SOLE   188,833 0 188,833
Reckitt Benckiser Group COM 756255204 547 31,500 SH   SOLE   31,500 0 31,500
Roche Holdings Ltd Sponsored A COM 771195104 533 15,200 SH   SOLE   15,200 0 15,200
Royal Caribbean Cruises COM V7780T103 598 7,600 SH   SOLE   7,600 0 7,600
Sap SE COM 803054204 449 6,400 SH   SOLE   6,400 0 6,400
Shire Plc COM 82481R106 918 3,800 SH   SOLE   3,800 0 3,800
Silicon Motion COM 82706C108 433 12,500 SH   SOLE   12,500 0 12,500
Syngenta AG COM 87160a100 743 9,100 SH   SOLE   9,100 0 9,100
Team Health Holdings Inc COM 87817A107 523 8,000 SH   SOLE   8,000 0 8,000
Teekay Tankers Cl A COM y8565n102 330 50,000 SH   SOLE   50,000 0 50,000
Tencent Holdings Ltd-Uns Adr COM 88032Q109 690 34,400 SH   SOLE   34,400 0 34,400
Teva Pharmaceutical Inds Adr COM 881624209 614 10,390 SH   SOLE   10,390 0 10,390
The Priceline Group Inc COM 741503403 29,476 25,601 SH   SOLE   25,601 0 25,601
Thermo Fisher Scientific COM 883556102 551 4,245 SH   SOLE   4,245 0 4,245
Toll Brothers Inc COM 889478103 286 7,500 SH   SOLE   7,500 0 7,500
Toyota Motor Corp COM 892331307 883 6,600 SH   SOLE   6,600 0 6,600
Tripadvisor Inc COM 896945201 14,085 161,640 SH   SOLE   161,640 0 161,640
UBS Ag COM H8920M855 261 12,300 SH   SOLE   12,300 0 12,300
Under Armour, Inc. COM 904311107 375 4,500 SH   SOLE   4,500 0 4,500
Unilever N.V. COM 904784709 540 12,900 SH   SOLE   12,900 0 12,900
United Healthcare Corp. COM 91324P102 287 2,350 SH   SOLE   2,350 0 2,350
Universal Health Services COM 913903100 284 2,000 SH   SOLE   2,000 0 2,000
Verifone Systems COM 92342y109 490 14,430 SH   SOLE   14,430 0 14,430
Virtu Financial COM 928254101 291 12,400 SH   SOLE   12,400 0 12,400
Virtusa Corp COM 92827P102 11,000 214,000 SH   SOLE   214,000 0 214,000
Visa Inc-Class A COM 92826C839 14,093 209,867 SH   SOLE   209,867 0 209,867
Vodafone Group plc ADS COM 92857w308 542 14,861 SH   SOLE   14,861 0 14,861
Volkswagen AG COM 928662303 551 11,900 SH   SOLE   11,900 0 11,900
WPP plc. COM 92937A102 541 4,800 SH   SOLE   4,800 0 4,800
Wal-mart De Mexico SAB COM 93114w107 480 19,700 SH   SOLE   19,700 0 19,700
Walt Disney Company COM 254687106 6,666 58,404 SH   SOLE   58,404 0 58,404
Yahoo! Inc COM 984332106 405 10,300 SH   SOLE   10,300 0 10,300
comScore, Inc. COM 20564w105 1,734 32,550 SH   SOLE   32,550 0 32,550