Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TSM	TAIWAN SEMICONDUCTOR MFG CO.	12,689,684	$256M	7.9%	$18.78	—	COMMON	874039100
—	CANADIAN PACIFIC RAILWAY	1,181,437	$245M	7.6%	$151.96	—	COMMON	13645T100
CNI	CANADIAN NATL RAILWAY CO	3,122,304	$222M	6.8%	$45.42	+24.3%	COMMON	136375102
—	ACE LTD	1,949,909	$204M	6.3%	$97.49	—	COMMON	H0023R105
NVO	NOVO-NORDISK A/S-SPONS ADR	3,818,102	$182M	5.6%	$52.44	—	COMMON	670100205
PRGO	PERRIGO CO Plc	1,210,147	$182M	5.6%	$144.35	+3.3%	COMMON	G97822103
—	SENSATA TECHNOLOGIES HOLDING	3,841,410	$171M	5.3%	$40.22	—	COMMON	N7902X106
ASML	ASML HOLDING ADR	1,708,824	$169M	5.2%	$84.03	—	COMMON	N07059210
—	COCA-COLA ENTERPRISES	3,474,663	$154M	4.8%	$41.62	—	COMMON	19122T109
—	CORE LABORATORIES N.V.	1,028,606	$151M	4.6%	$151.26	—	COMMON	N22717107
—	LAZARD LTD-CL A	2,825,505	$143M	4.4%	$41.10	—	COMMON	G54050102
—	ARM HOLDINGS ADR	2,464,271	$108M	3.3%	$46.13	—	COMMON	042068106
NBIS	YANDEX NV-A	3,609,381	$100M	3.1%	$34.59	—	COMMON	N97284108
AMZN	AMAZON.COM INC	123,776	$39.91M	1.2%	$16.55	+0.5%	COMMON	023135106
NKE	NIKE INC B	337,554	$30.11M	0.9%	$31.95	+7.6%	COMMON	654106103
—	TD AMERITRADE HOLDINGS	801,423	$26.74M	0.8%	$30.45	—	COMMON	87236Y108
—	LINKEDIN CORP	115,098	$23.92M	0.7%	$171.47	—	COMMON	53578A108
EBAY	EBAY INC	401,518	$22.74M	0.7%	$19.60	+1.0%	COMMON	278642103
—	COOPER COMPANIES (THE)	143,293	$22.32M	0.7%	$136.52	—	COMMON	216648402
COST	COSTCO WHOLESALE CORP	173,111	$21.69M	0.7%	$91.53	+6.1%	COMMON	22160K105
—	MONSANTO CO	187,990	$21.15M	0.7%	$119.19	—	COMMON	61166W101
CME	CME GROUP INC	260,483	$20.83M	0.6%	$45.65	+4.9%	COMMON	12572Q105
CGNX	COGNEX CORP	498,970	$20.09M	0.6%	$11.16	+70.1%	COMMON	192422103
GPI	GROUP 1 AUTOMOTIVE INC	271,846	$19.77M	0.6%	$65.26	+19.6%	COMMON	398905109
—	GOOGLE INC	33,343	$19.62M	0.6%	$803.78	—	COMMON	38259P508
CVBF	CVB FINANCIAL	1,353,810	$19.43M	0.6%	$8.04	+29.8%	COMMON	126600105
CNO	CNO FINANCIAL GROUP INC	1,127,584	$19.12M	0.6%	$8.36	+62.8%	COMMON	12621E103
YUM	YUM! BRANDS INC	258,864	$18.63M	0.6%	$42.16	+1.8%	COMMON	988498101
—	PRAXAIR INC	144,098	$18.59M	0.6%	$129.00	—	COMMON	74005P104
SBUX	STARBUCKS CORP	245,486	$18.52M	0.6%	$29.10	+6.0%	COMMON	855244109
—	EXPRESS SCRIPTS HOLDING CO	259,930	$18.36M	0.6%	$72.47	—	COMMON	30219G108
—	WESTERN REFINING	418,645	$17.58M	0.5%	$35.22	—	COMMON	959319104
AZTA	BROOKS AUTOMATION	1,581,936	$16.63M	0.5%	$8.84	+6.0%	COMMON	114340102
—	WELLCARE HEALTH PLANS INC	274,784	$16.58M	0.5%	$58.41	—	COMMON	94946T106
EWBC	EAST WEST BANCORP	482,095	$16.39M	0.5%	$18.27	+46.5%	COMMON	27579R104
EAT	BRINKER INTERNATIONAL INC	312,693	$15.88M	0.5%	$27.57	+45.4%	COMMON	109641100
—	TUESDAY MORNING	791,674	$15.36M	0.5%	$8.02	—	COMMON	899035505
—	DEVRY EDUCATION GROUP	336,720	$14.41M	0.4%	$35.50	—	COMMON	251893103
—	BBCN BANCORP	933,078	$13.61M	0.4%	$13.53	—	COMMON	073295107
SAIA	SAIA	267,996	$13.28M	0.4%	$22.67	+109.8%	COMMON	78709Y105
CALM	CAL MAINE FOODS	147,957	$13.22M	0.4%	$14.96	+88.4%	COMMON	128030202
SNA	SNAP-ON INC	105,951	$12.83M	0.4%	$60.64	+56.6%	COMMON	833034101
—	TRIANGLE PETROLEUM	1,141,842	$12.57M	0.4%	$11.75	—	COMMON	89600B201
RWT	REDWOOD TRUST	747,375	$12.39M	0.4%	$19.29	—	COMMON	758075402
—	COWEN GROUP	3,226,139	$12.1M	0.4%	$3.81	—	COMMON	223622101
TRIP	TRIPADVISOR INC	130,779	$11.96M	0.4%	$81.79	+7.6%	COMMON	896945201
ASB	ASSOCIATED BANC-CORP	685,577	$11.94M	0.4%	$12.45	0.0%	COMMON	045487105
—	HORNBECK OFFSHORE SERVICES	357,944	$11.71M	0.4%	$46.84	—	COMMON	440543106
—	MONTPELIER RE HOLDINGS LTD	375,547	$11.68M	0.4%	$26.05	—	COMMON	G62185106
KAI	KADANT INC	295,660	$11.55M	0.4%	$29.28	+21.1%	COMMON	48282T104
—	CUBIC CORP	243,722	$11.41M	0.4%	$46.63	—	COMMON	229669106
—	BLUCORA INC	735,558	$11.21M	0.3%	$15.75	—	COMMON	095229100
GATX	GATX CORP	187,855	$10.96M	0.3%	$35.91	+37.4%	COMMON	361448103
—	BARNES GROUP	358,623	$10.88M	0.3%	$29.77	—	COMMON	067806109
CMC	COMMERCIAL METALS COMPANY	619,051	$10.57M	0.3%	$14.27	-3.6%	COMMON	201723103
—	GLOBAL INDEMNITY PLC	397,740	$10.04M	0.3%	$24.92	—	COMMON	G39319101
—	LACLEDE GROUP INC	215,529	$10M	0.3%	$42.78	—	COMMON	505597104
—	FOOT LOCKER INC	178,004	$9.906M	0.3%	$34.23	—	COMMON	344849104
—	TEEKAY TANKERS	2,653,048	$9.896M	0.3%	$4.05	—	COMMON	Y8565N102
—	CBL & ASSOCIATES PROPERTIES	548,732	$9.822M	0.3%	$23.60	—	COMMON	124830100
RRX	REGAL-BELOIT	149,785	$9.623M	0.3%	$77.11	-6.7%	COMMON	758750103
—	NEWPORT CORP	542,472	$9.613M	0.3%	$18.82	—	COMMON	651824104
AMSF	AMERISAFE	242,963	$9.503M	0.3%	$12.68	+27.9%	COMMON	03071H100
TTWO	TAKE-TWO INTERACTIVE SOFTWARE	401,808	$9.269M	0.3%	$22.69	0.0%	COMMON	874054109
WERN	WERNER ENTERPRISES	360,135	$9.076M	0.3%	$23.43	+7.9%	COMMON	950755108
—	GRAN TIERRA ENERGY	1,574,217	$8.721M	0.3%	$6.06	—	COMMON	38500T101
OFG	OFG BANCORP	568,251	$8.512M	0.3%	$16.73	-2.5%	COMMON	67103X102
—	CALAMOS ASSET MANAGEMENT	742,427	$8.367M	0.3%	$13.21	—	COMMON	12811R104
GBCI	GLACIER BANCORP	318,624	$8.24M	0.3%	$11.31	+63.4%	COMMON	37637Q105
DEI	DOUGLAS EMMETT	297,353	$7.633M	0.2%	$24.93	—	COMMON	25960P109
AVA	AVISTA CORP	238,955	$7.295M	0.2%	$15.36	+31.2%	COMMON	05379B107
—	IMMUNOMEDICS	1,864,935	$6.938M	0.2%	$3.81	—	COMMON	452907108
—	CONSOLIDATED COMMUNICATIONS HOLD	276,370	$6.923M	0.2%	$22.24	—	COMMON	209034107
MOG/A	MOOG INC-CLASS A	100,415	$6.869M	0.2%	$42.13	+52.2%	COMMON	615394202
NSIT	INSIGHT ENTERPRISES	281,204	$6.364M	0.2%	$19.80	+34.5%	COMMON	45765U103
MTH	MERITAGE HOMES CORP	179,038	$6.356M	0.2%	$21.33	-5.9%	COMMON	59001A102
LNN	LINDSAY CORPORATION	84,457	$6.313M	0.2%	$76.16	-10.1%	COMMON	535555106
SXT	SENSIENT TECHNOLOGIES	105,526	$5.524M	0.2%	$38.01	+43.3%	COMMON	81725T100
POR	PORTLAND GENERAL ELECTRIC	153,505	$4.931M	0.2%	$18.19	+20.6%	COMMON	736508847
—	GOOGLE INC CL C	7,880	$4.55M	0.1%	$575.32	—	COMMON	38259P706
TV	GRUPO TELEVISA SA	120,452	$4.081M	0.1%	$32.79	—	COMMON	40049J206
OLN	OLIN CORP	155,542	$3.928M	0.1%	$15.94	+19.1%	COMMON	680665205
MELI	MERCADOLIBRE INC	32,034	$3.48M	0.1%	$106.20	-3.3%	COMMON	58733R102
RDY	DR REDDYS LABS LTD	63,066	$3.314M	0.1%	$43.70	—	COMMON	256135203
EMBJ	EMBRAER SA-ADR	84,086	$3.298M	0.1%	$35.63	—	COMMON	29082A107
PSMT	PRICESMART INC	35,240	$3.018M	0.1%	$88.42	-14.1%	COMMON	741511109
—	BRF SA - ADR	122,480	$2.913M	0.1%	$22.20	—	COMMON	10552T107
—	CTRIP.COM INT`L ADR	45,508	$2.583M	0.1%	$63.50	—	COMMON	22943F100
ABEV	COMPANHIA DE BEBIDAS DAS AMERICA	129,745	$850K	0.0%	$6.55	—	COMMON	02319V103
—	AON CORPORATION	7,471	$655K	0.0%	$61.56	—	COMMON	G0408V102
BRK/B	BERKSHIRE HATHAWAY INC CL B	4,625	$639K	0.0%	$99.00	+34.5%	COMMON	084670702
CLX	CLOROX COMPANY	6,450	$620K	0.0%	$64.50	+1.8%	COMMON	189054109
CVX	CHEVRON	5,087	$607K	0.0%	$68.74	+14.2%	COMMON	166764100
INTC	INTEL CORP	17,098	$595K	0.0%	$15.94	+61.5%	COMMON	458140100
JAZZ	JAZZ PHARMACEUTICALS PLC	3,500	$562K	0.0%	$61.12	+151.5%	COMMON	G50871105
DIS	DISNEY (WALT)	5,658	$504K	0.0%	$48.38	+63.9%	COMMON	254687106
WFC	WELLS FARGO & COMPANY	9,591	$497K	0.0%	$25.17	+48.6%	COMMON	949746101
—	GENERAL ELECTRIC COMPANY	19,104	$489K	0.0%	$23.41	—	COMMON	369604103
JNJ	JOHNSON & JOHNSON	4,467	$476K	0.0%	$53.49	+41.3%	COMMON	478160104
KO	COCA-COLA COMPANY	11,086	$473K	0.0%	$26.24	+10.0%	COMMON	191216100
MMM	3M COMPANY	3,077	$436K	0.0%	$70.10	+19.1%	COMMON	88579Y101
—	SPECTRA ENERGY CORP	10,760	$422K	0.0%	$32.10	—	COMMON	847560109
PG	PROCTER & GAMBLE CO	4,970	$416K	0.0%	$52.07	+14.7%	COMMON	742718109
PEP	PEPSICO INC	4,396	$409K	0.0%	$50.93	+27.4%	COMMON	713448108
EMR	EMERSON ELECTRIC COMPANY	6,486	$406K	0.0%	$40.15	+19.0%	COMMON	291011104
PAYX	PAYCHEX INC	9,144	$404K	0.0%	$23.27	+27.8%	COMMON	704326107
GIS	GENERAL MILLS	7,730	$390K	0.0%	$28.97	+22.4%	COMMON	370334104
ADP	AUTOMATIC DATA PROCESSING	4,468	$371K	0.0%	$41.63	+35.2%	COMMON	053015103
—	UNILEVER PLC-SPONSORED ADR	8,830	$370K	0.0%	$38.68	—	COMMON	904767704
MCD	MCDONALD`S CORP	3,571	$339K	0.0%	$67.85	+5.0%	COMMON	580135101
AKO/B	EMBOTELLADORA ANDINA B ADR	16,151	$309K	0.0%	$21.18	—	COMMON	29081P303
—	GLAXOSMITHKLINE PLC - SPON ADR	6,525	$300K	0.0%	$50.11	—	COMMON	37733W105
—	ISIS PHARMACEUTICALS INC	5,900	$229K	0.0%	$37.46	—	COMMON	464330109