Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AAPL	APPLE INC	16,210	$9.094M	5.4%	$13.80	+18.6%	COM	037833100
AFL	AFLAC INC	114,662	$7.659M	4.5%	$20.11	+22.4%	COM	001055102
YUM	YUM BRANDS INC	74,122	$5.604M	3.3%	$39.27	+4.1%	COM	988498101
—	THE ADT CORPORATION	126,205	$5.108M	3.0%	$40.03	—	COM	00101J106
—	REALOGY HLDGS CORP	94,190	$4.66M	2.8%	$46.81	—	COM	75605Y106
—	MACQUARIE INFRASTR CO LLC	84,700	$4.61M	2.7%	$53.47	—	MEMBERSHIP INT	55608B105
—	HERTZ GLOBAL HOLDINGS INC	159,890	$4.576M	2.7%	$26.60	—	COM	42805T105
—	CEDAR FAIR L P	80,762	$4.004M	2.4%	$41.54	—	DEPOSITRY UNIT	150185106
SLB	SCHLUMBERGER LTD	44,290	$3.991M	2.4%	$52.90	+23.0%	COM	806857108
HMC	HONDA MOTOR LTD	91,585	$3.787M	2.2%	$37.50	—	AMERN SHS	438128308
—	UNITED TECHNOLOGIES CORP	33,263	$3.785M	2.2%	$92.95	—	COM	913017109
LMT	LOCKHEED MARTIN CORP	25,435	$3.781M	2.2%	$76.85	+26.4%	COM	539830109
—	UNILEVER N V	91,915	$3.698M	2.2%	$39.31	—	N Y SHS NEW	904784709
—	COMPANHIA BRASILEIRA DE DIST	82,523	$3.686M	2.2%	$45.48	—	SPN ADR PFD CL A	20440T201
—	GOOGLE INC	3,245	$3.637M	2.2%	$879.44	—	CL A	38259P508
MA	MASTERCARD INC	4,289	$3.583M	2.1%	$51.54	+34.0%	CL A	57636Q104
—	DIRECTV	51,815	$3.578M	2.1%	$60.86	—	COM	25490A309
—	CHINA LIFE INS CO LTD	75,538	$3.569M	2.1%	$38.86	—	SPON ADR REP H	16939P106
XOM	EXXON MOBIL CORP	34,946	$3.537M	2.1%	$53.69	+4.2%	COM	30231G102
MRK	MERCK & CO INC NEW	70,112	$3.509M	2.1%	$30.02	+4.2%	COM	58933Y105
TV	GRUPO TELEVISA SA	114,673	$3.47M	2.1%	$24.95	—	SPON ADR REP ORD	40049J206
BAP	CREDICORP LTD	25,625	$3.401M	2.0%	$102.63	-7.0%	COM	G2519Y108
—	CELGENE CORP	19,386	$3.276M	1.9%	$116.98	—	COM	151020104
PEP	PEPSICO INC	37,112	$3.078M	1.8%	$56.00	+3.1%	COM	713448108
IBN	ICICI BK LTD	81,478	$3.029M	1.8%	$32.95	—	ADR	45104G104
NBIS	YANDEX N V	69,527	$3M	1.8%	$27.88	—	SHS CLASS A	N97284108
IBM	INTERNATIONAL BUSINESS MACHS	15,230	$2.857M	1.7%	$118.94	-10.5%	COM	459200101
CPA	COPA HOLDINGS SA	17,632	$2.823M	1.7%	$87.82	+19.2%	CL A	P31076105
FMX	FOMENTO ECONOMICO MEXICANO S	28,731	$2.812M	1.7%	$102.88	—	SPON ADR UNITS	344419106
—	ENGILITY HLDGS INC	83,128	$2.776M	1.6%	$29.82	—	COM	29285W104
—	ROYAL DUTCH SHELL PLC	38,933	$2.775M	1.6%	$63.79	—	SPONS ADR A	780259206
MSFT	MICROSOFT CORP	73,325	$2.743M	1.6%	$26.70	+12.4%	COM	594918104
ABEV	AMBEV SA	367,990	$2.705M	1.6%	$7.35	—	SPONSORED ADR	02319V103
—	CHINA PETE & CHEM CORP	31,962	$2.626M	1.6%	$82.16	—	SPON ADR H SHS	16941R108
ADM	ARCHER DANIELS MIDLAND CO	60,140	$2.61M	1.5%	$23.37	+22.4%	COM	039483102
—	GENERAL ELECTRIC CO	75,380	$2.113M	1.3%	$23.19	—	COM	369604103
—	JACOBS ENGR GROUP INC DEL	33,145	$2.088M	1.2%	$55.12	—	COM	469814107
BIDU	BAIDU INC	11,048	$1.965M	1.2%	$98.07	—	SPON ADR REP A	056752108
JPM	JPMORGAN CHASE & CO	32,840	$1.92M	1.1%	$36.24	+9.4%	COM	46625H100
UGP	ULTRAPAR PARTICIPACOES S A	75,715	$1.791M	1.1%	$24.59	—	SP ADR REP COM	90400P101
ATI	ALLEGHENY TECHNOLOGIES INC	48,850	$1.741M	1.0%	$26.04	+18.0%	COM	01741R102
—	CHUBB CORP	16,200	$1.565M	0.9%	$84.65	—	COM	171232101
LLY	LILLY ELI & CO	30,150	$1.538M	0.9%	$42.21	-6.2%	COM	532457108
DVN	DEVON ENERGY CORP NEW	23,100	$1.429M	0.8%	$37.00	+10.9%	COM	25179M103
DIS	DISNEY WALT CO	17,966	$1.373M	0.8%	$56.11	+9.9%	COM DISNEY	254687106
INTC	INTEL CORP	46,768	$1.214M	0.7%	$17.18	+4.4%	COM	458140100
—	UNITED STATES STL CORP NEW	40,600	$1.198M	0.7%	$17.52	—	COM	912909108
—	DISH NETWORK CORP	20,000	$1.158M	0.7%	$42.50	—	CL A	25470M109
MAS	MASCO CORP	50,000	$1.139M	0.7%	$14.92	+4.1%	COM	574599106
CHD	CHURCH & DWIGHT INC	14,352	$951K	0.6%	$26.18	+4.1%	COM	171340102
—	AQUA AMERICA INC	37,500	$885K	0.5%	$29.98	—	COM	03836W103
ERIC	ERICSSON	69,372	$849K	0.5%	$11.28	—	ADR B SEK 10	294821608
KIM	KIMCO RLTY CORP	40,320	$796K	0.5%	$12.61	-7.8%	COM	49446R109
QCOM	QUALCOMM INC	10,000	$743K	0.4%	$45.06	+11.8%	COM	747525103
—	SANDISK CORP	10,000	$705K	0.4%	$61.10	—	COM	80004C101
TR	TOOTSIE ROLL INDS INC	21,625	$704K	0.4%	$23.22	+2.2%	COM	890516107
—	TWENTY FIRST CENTY FOX INC	20,000	$692K	0.4%	$33.40	—	CL B	90130A200
GLD	SPDR GOLD TRUST	5,820	$676K	0.4%	$119.15	—	GOLD SHS	78463V107
PFE	PFIZER INC	17,470	$535K	0.3%	$16.46	+7.1%	COM	717081103
CCL	CARNIVAL CORP	12,450	$500K	0.3%	$27.66	+5.8%	PAIRED CTF	143658300
MMM	3M CO	3,349	$470K	0.3%	$61.26	+18.6%	COM	88579Y101
T	AT&T INC	13,196	$464K	0.3%	$11.40	-2.0%	COM	00206R102
DEO	DIAGEO P L C	3,266	$432K	0.3%	$114.82	—	SPON ADR NEW	25243Q205
GLW	CORNING INC	20,000	$356K	0.2%	$10.49	+14.9%	COM	219350105
—	ASHLAND INC NEW	3,585	$348K	0.2%	$83.40	—	COM	044209104
SATS	ECHOSTAR CORP	6,850	$341K	0.2%	$31.68	+23.4%	CL A	278768106
—	PROSHARES TR	11,442	$339K	0.2%	$40.84	—	PSHS ULSHT SP500	74347B300
VZ	VERIZON COMMUNICATIONS INC	6,566	$323K	0.2%	$27.04	-1.6%	COM	92343V104
PG	PROCTER & GAMBLE CO	3,715	$302K	0.2%	$55.03	+5.4%	COM	742718109
—	DU PONT E I DE NEMOURS & CO	4,106	$267K	0.2%	$52.61	—	COM	263534109
BMY	BRISTOL MYERS SQUIBB CO	4,838	$257K	0.2%	$28.67	+19.2%	COM	110122108
PAA	PLAINS ALL AMERN PIPELINE L	4,900	$254K	0.2%	$55.71	—	UNIT LTD PARTN	726503105
MKL	MARKEL CORP	400	$232K	0.1%	$523.59	+3.6%	COM	570535104
BK	BANK NEW YORK MELLON CORP	6,540	$229K	0.1%	$22.78	+6.7%	COM	064058100
JNJ	JOHNSON & JOHNSON	2,439	$223K	0.1%	$59.66	+10.2%	COM	478160104
CSX	CSX CORP	7,576	$218K	0.1%	$7.37	0.0%	COM	126408103
AXP	AMERICAN EXPRESS CO	2,370	$215K	0.1%	$69.27	0.0%	COM	025816109