Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AFL	AFLAC INC	118,742	$6.901M	5.0%	$20.11	0.0%	COM	001055102
—	MACQUARIE INFRASTR CO LLC	87,397	$4.671M	3.4%	$53.45	—	MEMBERSHIP INT	55608B105
YUM	YUM BRANDS INC	66,690	$4.624M	3.3%	$38.97	0.0%	COM	988498101
—	RPX CORP	247,258	$4.154M	3.0%	$16.80	—	COM	74972G103
—	REALOGY HLDGS CORP	83,228	$3.998M	2.9%	$48.04	—	COM	75605Y106
DVN	DEVON ENERGY CORP NEW	74,430	$3.861M	2.8%	$37.00	0.0%	COM	25179M103
—	UNILEVER N V	96,628	$3.798M	2.7%	$39.31	—	N Y SHS NEW	904784709
—	THE ADT CORPORATION	90,865	$3.621M	2.6%	$39.85	—	COM	00101J106
—	COMPANHIA BRASILEIRA DE DIST	78,075	$3.549M	2.6%	$45.46	—	SPN ADR PFD CL A	20440T201
TEVA	TEVA PHARMACEUTICAL INDS LTD	89,668	$3.515M	2.5%	$39.20	—	ADR	881624209
MA	MASTERCARD INC	6,043	$3.472M	2.5%	$51.54	0.0%	CL A	57636Q104
SLB	SCHLUMBERGER LTD	47,390	$3.396M	2.5%	$52.90	0.0%	COM	806857108
MRK	MERCK & CO INC NEW	71,662	$3.329M	2.4%	$30.02	0.0%	COM	58933Y105
XOM	EXXON MOBIL CORP	35,631	$3.219M	2.3%	$53.69	0.0%	COM	30231G102
CPA	COPA HOLDINGS SA	24,237	$3.178M	2.3%	$87.82	0.0%	CL A	P31076105
—	UNITED TECHNOLOGIES CORP	33,813	$3.143M	2.3%	$92.95	—	COM	913017109
—	CEDAR FAIR L P	75,517	$3.126M	2.3%	$41.39	—	DEPOSITRY UNIT	150185106
PEP	PEPSICO INC	37,912	$3.101M	2.2%	$56.00	0.0%	COM	713448108
AAPL	APPLE INC	7,360	$2.918M	2.1%	$13.16	0.0%	COM	037833100
IBM	INTERNATIONAL BUSINESS MACHS	15,260	$2.916M	2.1%	$118.94	0.0%	COM	459200101
BAP	CREDICORP LTD	22,517	$2.881M	2.1%	$104.41	0.0%	COM	G2519Y108
FMX	FOMENTO ECONOMICO MEXICANO S	27,192	$2.806M	2.0%	$103.19	—	SPON ADR UNITS	344419106
TV	GRUPO TELEVISA SA	110,100	$2.735M	2.0%	$24.84	—	SPON ADR REP ORD	40049J206
—	ROYAL DUTCH SHELL PLC	41,433	$2.643M	1.9%	$63.79	—	SPONS ADR A	780259206
MSFT	MICROSOFT CORP	75,575	$2.611M	1.9%	$26.70	0.0%	COM	594918104
—	COMPANHIA DE BEBIDAS DAS AME	68,300	$2.551M	1.8%	$37.35	—	SPON ADR PFD	20441W203
HMC	HONDA MOTOR LTD	65,275	$2.431M	1.8%	$37.24	—	AMERN SHS	438128308
—	ENGILITY HLDGS INC	84,695	$2.407M	1.7%	$28.42	—	COM	29285W104
—	CELGENE CORP	19,986	$2.338M	1.7%	$116.98	—	COM	151020104
ADM	ARCHER DANIELS MIDLAND CO	65,004	$2.204M	1.6%	$23.37	0.0%	COM	039483102
DAL	DELTA AIR LINES INC DEL	107,525	$2.012M	1.5%	$14.99	0.0%	COM NEW	247361702
META	FACEBOOK INC	80,312	$1.998M	1.4%	$25.44	0.0%	CL A	30303M102
BIDU	BAIDU INC	20,740	$1.962M	1.4%	$94.60	—	SPON ADR REP A	056752108
NBIS	YANDEX N V	67,747	$1.873M	1.4%	$27.65	—	SHS CLASS A	N97284108
—	DIRECTV	30,024	$1.851M	1.3%	$61.65	—	COM	25490A309
—	JACOBS ENGR GROUP INC DEL	33,545	$1.849M	1.3%	$55.12	—	COM	469814107
LMT	LOCKHEED MARTIN CORP	16,235	$1.761M	1.3%	$71.65	0.0%	COM	539830109
—	GENERAL ELECTRIC CO	75,580	$1.753M	1.3%	$23.19	—	COM	369604103
JPM	JPMORGAN CHASE & CO	32,840	$1.734M	1.3%	$36.24	0.0%	COM	46625H100
LLY	LILLY ELI & CO	31,118	$1.529M	1.1%	$42.21	0.0%	COM	532457108
—	CHUBB CORP	17,200	$1.456M	1.1%	$84.65	—	COM	171232101
—	PROSHARES TR	52,000	$1.233M	0.9%	$23.71	—	PSHS ULTSHRT QQQ	74347X237
INTC	INTEL CORP	49,368	$1.196M	0.9%	$17.18	0.0%	COM	458140100
DIS	DISNEY WALT CO	17,966	$1.135M	0.8%	$56.11	0.0%	COM DISNEY	254687106
MAS	MASCO CORP	50,000	$975K	0.7%	$14.92	0.0%	COM	574599106
—	AQUA AMERICA INC	30,000	$939K	0.7%	$31.30	—	COM	03836W103
CHD	CHURCH & DWIGHT INC	14,352	$886K	0.6%	$26.18	0.0%	COM	171340102
KIM	KIMCO RLTY CORP	40,320	$864K	0.6%	$12.61	0.0%	COM	49446R109
—	DISH NETWORK CORP	20,000	$850K	0.6%	$42.50	—	CL A	25470M109
ERIC	ERICSSON	74,652	$842K	0.6%	$11.28	—	ADR B SEK 10	294821608
GLD	SPDR GOLD TRUST	6,370	$759K	0.5%	$119.15	—	GOLD SHS	78463V107
—	UNITED STATES STL CORP NEW	41,200	$722K	0.5%	$17.52	—	COM	912909108
TR	TOOTSIE ROLL INDS INC	22,193	$705K	0.5%	$23.22	0.0%	COM	890516107
—	NEWS CORP	20,000	$656K	0.5%	$32.80	—	CL B	65248E203
—	SANDISK CORP	10,000	$611K	0.4%	$61.10	—	COM	80004C101
QCOM	QUALCOMM INC	10,000	$611K	0.4%	$45.06	0.0%	COM	747525103
PFE	PFIZER INC	17,820	$499K	0.4%	$16.46	0.0%	COM	717081103
—	PROSHARES TR	11,729	$479K	0.3%	$40.84	—	PSHS ULSHT SP500	74347B300
T	AT&T INC	13,196	$467K	0.3%	$11.40	0.0%	COM	00206R102
CCL	CARNIVAL CORP	12,500	$429K	0.3%	$27.66	0.0%	PAIRED CTF	143658300
DEO	DIAGEO P L C	3,266	$375K	0.3%	$114.82	—	SPON ADR NEW	25243Q205
MMM	3M CO	3,349	$366K	0.3%	$61.26	0.0%	COM	88579Y101
VZ	VERIZON COMMUNICATIONS INC	6,566	$331K	0.2%	$27.04	0.0%	COM	92343V104
—	ASHLAND INC NEW	3,585	$299K	0.2%	$83.40	—	COM	044209104
GLW	CORNING INC	20,000	$285K	0.2%	$10.49	0.0%	COM	219350105
PG	PROCTER & GAMBLE CO	3,640	$280K	0.2%	$55.00	0.0%	COM	742718109
SATS	ECHOSTAR CORP	7,070	$277K	0.2%	$31.68	0.0%	CL A	278768106
PAA	PLAINS ALL AMERN PIPELINE L	4,900	$273K	0.2%	$55.71	—	UNIT LTD PARTN	726503105
RY	ROYAL BK CDA MONTREAL QUE	4,032	$235K	0.2%	$59.71	0.0%	COM	780087102
BMY	BRISTOL MYERS SQUIBB CO	4,838	$216K	0.2%	$28.67	0.0%	COM	110122108
—	DU PONT E I DE NEMOURS & CO	4,106	$216K	0.2%	$52.61	—	COM	263534109
MKL	MARKEL CORP	400	$211K	0.2%	$523.59	0.0%	COM	570535104
JNJ	JOHNSON & JOHNSON	2,439	$209K	0.2%	$59.66	0.0%	COM	478160104
—	MARKET LEADER INC	12,471	$133K	0.1%	$10.66	—	COM	57056R103