Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AAPL	APPLE INC	17,386	$8.289M	5.6%	$13.80	+3.4%	COM	037833100
AFL	AFLAC INC	114,662	$7.108M	4.8%	$20.11	+11.7%	COM	001055102
—	REALOGY HLDGS CORP	110,218	$4.742M	3.2%	$46.81	—	COM	75605Y106
YUM	YUM BRANDS INC	62,555	$4.466M	3.0%	$38.97	+5.2%	COM	988498101
—	MACQUARIE INFRASTR CO LLC	82,722	$4.429M	3.0%	$53.45	—	MEMBERSHIP INT	55608B105
SLB	SCHLUMBERGER LTD	44,290	$3.913M	2.6%	$52.90	+11.5%	COM	806857108
—	THE ADT CORPORATION	95,715	$3.892M	2.6%	$39.89	—	COM	00101J106
MA	MASTERCARD INC	5,678	$3.82M	2.6%	$51.54	+13.1%	CL A	57636Q104
—	COMPANHIA BRASILEIRA DE DIST	82,300	$3.787M	2.5%	$45.48	—	SPN ADR PFD CL A	20440T201
—	UNITED TECHNOLOGIES CORP	33,313	$3.592M	2.4%	$92.95	—	COM	913017109
—	CEDAR FAIR L P	80,742	$3.52M	2.4%	$41.54	—	DEPOSITRY UNIT	150185106
HMC	HONDA MOTOR LTD	91,840	$3.503M	2.3%	$37.50	—	AMERN SHS	438128308
—	UNILEVER N V	92,581	$3.492M	2.3%	$39.31	—	N Y SHS NEW	904784709
BIDU	BAIDU INC	22,001	$3.414M	2.3%	$98.07	—	SPON ADR REP A	056752108
MRK	MERCK & CO INC NEW	70,112	$3.338M	2.2%	$30.02	+3.2%	COM	58933Y105
BAP	CREDICORP LTD	25,527	$3.279M	2.2%	$102.63	-13.0%	COM	G2519Y108
LMT	LOCKHEED MARTIN CORP	25,435	$3.244M	2.2%	$76.85	+11.9%	COM	539830109
TV	GRUPO TELEVISA SA	114,255	$3.193M	2.1%	$24.95	—	SPON ADR REP ORD	40049J206
—	DIRECTV	51,694	$3.09M	2.1%	$60.86	—	COM	25490A309
XOM	EXXON MOBIL CORP	35,435	$3.049M	2.0%	$53.69	+0.9%	COM	30231G102
—	CELGENE CORP	19,386	$2.988M	2.0%	$116.98	—	COM	151020104
PEP	PEPSICO INC	37,262	$2.962M	2.0%	$56.00	+1.4%	COM	713448108
—	CHINA LIFE INS CO LTD	75,330	$2.927M	2.0%	$38.86	—	SPON ADR REP H	16939P106
IBM	INTERNATIONAL BUSINESS MACHS	15,260	$2.826M	1.9%	$118.94	-6.2%	COM	459200101
—	GOOGLE INC	3,197	$2.8M	1.9%	$875.82	—	CL A	38259P508
—	COMPANHIA DE BEBIDAS DAS AME	72,890	$2.795M	1.9%	$37.41	—	SPON ADR PFD	20441W203
FMX	FOMENTO ECONOMICO MEXICANO S	28,642	$2.781M	1.9%	$102.88	—	SPON ADR UNITS	344419106
—	ROYAL DUTCH SHELL PLC	38,933	$2.557M	1.7%	$63.79	—	SPONS ADR A	780259206
NBIS	YANDEX N V	69,602	$2.535M	1.7%	$27.88	—	SHS CLASS A	N97284108
CPA	COPA HOLDINGS SA	17,727	$2.458M	1.6%	$87.82	+7.5%	CL A	P31076105
MSFT	MICROSOFT CORP	73,525	$2.447M	1.6%	$26.70	+1.1%	COM	594918104
ADM	ARCHER DANIELS MIDLAND CO	60,140	$2.216M	1.5%	$23.37	+9.7%	COM	039483102
—	JACOBS ENGR GROUP INC DEL	33,145	$1.928M	1.3%	$55.12	—	COM	469814107
—	ENGILITY HLDGS INC	59,650	$1.893M	1.3%	$28.42	—	COM	29285W104
UGP	ULTRAPAR PARTICIPACOES S A	75,775	$1.863M	1.2%	$24.59	—	SP ADR REP COM	90400P101
—	GENERAL ELECTRIC CO	75,380	$1.801M	1.2%	$23.19	—	COM	369604103
JPM	JPMORGAN CHASE & CO	32,840	$1.698M	1.1%	$36.24	+6.3%	COM	46625H100
IBN	ICICI BK LTD	51,295	$1.563M	1.0%	$30.47	—	ADR	45104G104
LLY	LILLY ELI & CO	30,150	$1.517M	1.0%	$42.21	-2.9%	COM	532457108
ATI	ALLEGHENY TECHNOLOGIES INC	48,850	$1.491M	1.0%	$26.04	0.0%	COM	01741R102
—	CHUBB CORP	16,200	$1.446M	1.0%	$84.65	—	COM	171232101
DVN	DEVON ENERGY CORP NEW	23,100	$1.334M	0.9%	$37.00	+3.0%	COM	25179M103
DIS	DISNEY WALT CO	17,966	$1.159M	0.8%	$56.11	+1.5%	COM DISNEY	254687106
—	HERTZ GLOBAL HOLDINGS INC	50,000	$1.108M	0.7%	$22.16	—	COM	42805T105
INTC	INTEL CORP	46,968	$1.077M	0.7%	$17.18	-1.6%	COM	458140100
MAS	MASCO CORP	50,000	$1.064M	0.7%	$14.92	-0.6%	COM	574599106
—	AQUA AMERICA INC	37,500	$927K	0.6%	$29.98	—	COM	03836W103
ERIC	ERICSSON	69,372	$926K	0.6%	$11.28	—	ADR B SEK 10	294821608
—	DISH NETWORK CORP	20,000	$900K	0.6%	$42.50	—	CL A	25470M109
CHD	CHURCH & DWIGHT INC	14,352	$862K	0.6%	$26.18	-1.0%	COM	171340102
—	UNITED STATES STL CORP NEW	40,600	$836K	0.6%	$17.52	—	COM	912909108
KIM	KIMCO RLTY CORP	40,320	$814K	0.5%	$12.61	-5.9%	COM	49446R109
GLD	SPDR GOLD TRUST	5,820	$746K	0.5%	$119.15	—	GOLD SHS	78463V107
QCOM	QUALCOMM INC	10,000	$673K	0.5%	$45.06	+3.3%	COM	747525103
—	TWENTY FIRST CENTY FOX INC	20,000	$668K	0.4%	$33.40	—	CL B	90130A200
TR	TOOTSIE ROLL INDS INC	21,625	$666K	0.4%	$23.22	+4.6%	COM	890516107
—	SANDISK CORP	10,000	$595K	0.4%	$61.10	—	COM	80004C101
PFE	PFIZER INC	17,470	$502K	0.3%	$16.46	-0.6%	COM	717081103
—	PROSHARES TR	26,000	$494K	0.3%	$23.71	—	PSHS ULTSHRT QQQ	74347X237
T	AT&T INC	13,196	$446K	0.3%	$11.40	-3.9%	COM	00206R102
—	PROSHARES TR	11,442	$419K	0.3%	$40.84	—	PSHS ULSHT SP500	74347B300
DEO	DIAGEO P L C	3,266	$415K	0.3%	$114.82	—	SPON ADR NEW	25243Q205
CCL	CARNIVAL CORP	12,500	$408K	0.3%	$27.66	+8.0%	PAIRED CTF	143658300
MMM	3M CO	3,349	$400K	0.3%	$61.26	+7.7%	COM	88579Y101
—	ASHLAND INC NEW	3,585	$332K	0.2%	$83.40	—	COM	044209104
VZ	VERIZON COMMUNICATIONS INC	6,566	$306K	0.2%	$27.04	-3.4%	COM	92343V104
SATS	ECHOSTAR CORP	6,850	$301K	0.2%	$31.68	+6.8%	CL A	278768106
GLW	CORNING INC	20,000	$292K	0.2%	$10.49	+2.5%	COM	219350105
PG	PROCTER & GAMBLE CO	3,740	$283K	0.2%	$55.03	+2.2%	COM	742718109
RY	ROYAL BK CDA MONTREAL QUE	4,032	$259K	0.2%	$59.71	+4.0%	COM	780087102
PAA	PLAINS ALL AMERN PIPELINE L	4,900	$258K	0.2%	$55.71	—	UNIT LTD PARTN	726503105
—	DU PONT E I DE NEMOURS & CO	4,106	$240K	0.2%	$52.61	—	COM	263534109
BMY	BRISTOL MYERS SQUIBB CO	4,838	$224K	0.2%	$28.67	+1.9%	COM	110122108
JNJ	JOHNSON & JOHNSON	2,439	$211K	0.1%	$59.66	+6.5%	COM	478160104
MKL	MARKEL CORP	400	$207K	0.1%	$523.59	+0.3%	COM	570535104
BK	BANK NEW YORK MELLON CORP	6,681	$202K	0.1%	$22.78	0.0%	COM	064058100