Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GLD	SPDR GOLD TRUST	78,530	$10.06M	12.2%	$119.15	—	GOLD SHS	78463V107
WPC	W P CAREY INC	97,377	$6.3M	7.6%	$66.02	—	COM	92936U109
AAPL	APPLE INC	7,500	$3.576M	4.3%	$13.16	+8.5%	COM	037833100
SLB	SCHLUMBERGER LTD	40,000	$3.534M	4.3%	$52.90	+11.5%	COM	806857108
—	WEATHERFORD INTERNATIONAL LT	227,500	$3.488M	4.2%	$13.70	—	REG SHS	H27013103
TBT	PROSHARES TR	45,000	$3.387M	4.1%	$72.43	—	PSHS ULTSH 20YRS	74347B201
—	POWERSHS DB MULTI SECT COMM	110,000	$2.782M	3.4%	$24.91	—	PS DB AGRICUL FD	73936B408
—	ROYAL DUTCH SHELL PLC	40,886	$2.685M	3.2%	$63.81	—	SPONS ADR A	780259206
—	GOOGLE INC	2,800	$2.453M	3.0%	$880.36	—	CL A	38259P508
OXY	OCCIDENTAL PETE CORP DEL	25,000	$2.339M	2.8%	$59.24	0.0%	COM	674599105
XHB	SPDR SERIES TRUST	75,000	$2.293M	2.8%	$29.43	—	S&P HOMEBUILD	78464A888
PAA	PLAINS ALL AMERN PIPELINE L	40,000	$2.106M	2.5%	$55.80	—	UNIT LTD PARTN	726503105
XLV	SELECT SECTOR SPDR TR	40,000	$2.023M	2.4%	$47.62	—	SBI HEALTHCARE	81369Y209
MWA	MUELLER WTR PRODS INC	250,000	$1.998M	2.4%	$5.51	+16.6%	COM SER A	624758108
—	VODAFONE GROUP PLC NEW	50,000	$1.759M	2.1%	$28.74	—	SPONS ADR NEW	92857W209
—	TOTAL S A	30,000	$1.738M	2.1%	$48.70	—	SPONSORED ADR	89151E109
BRK/A	BERKSHIRE HATHAWAY INC DEL	10	$1.704M	2.1%	$165023.42	+4.8%	CL A	084670108
T	AT&T INC	50,000	$1.691M	2.0%	$11.40	-3.9%	COM	00206R102
F	FORD MTR CO DEL	100,000	$1.687M	2.0%	$7.61	+18.6%	COM PAR $0.01	345370860
ITB	ISHARES	75,000	$1.676M	2.0%	$22.39	—	US HOME CONS ETF	464288752
MSFT	MICROSOFT CORP	50,000	$1.666M	2.0%	$27.00	0.0%	COM	594918104
—	TEEKAY LNG PARTNERS L P	35,000	$1.544M	1.9%	$43.71	—	PRTNRSP UNITS	Y8564M105
—	FRONTIER COMMUNICATIONS CORP	362,500	$1.512M	1.8%	$4.05	—	COM	35906A108
AMZN	AMAZON COM INC	4,500	$1.407M	1.7%	$13.32	+11.9%	COM	023135106
COP	CONOCOPHILLIPS	20,000	$1.39M	1.7%	$44.49	0.0%	COM	20825C104
—	VIVUS INC	130,000	$1.212M	1.5%	$10.07	—	COM	928551100
—	SIX FLAGS ENTMT CORP NEW	35,000	$1.183M	1.4%	$33.80	—	COM	83001A102
—	PENN WEST PETE LTD NEW	100,000	$1.113M	1.3%	$11.13	—	COM	707887105
—	CEDAR FAIR L P	24,834	$1.083M	1.3%	$41.39	—	DEPOSITRY UNIT	150185106
—	CARROLS RESTAURANT GROUP INC	155,359	$948K	1.1%	$6.46	—	COM	14574X104
JNJ	JOHNSON & JOHNSON	10,600	$919K	1.1%	$59.66	+6.5%	COM	478160104
—	UNILEVER PLC	20,000	$754K	0.9%	$39.30	—	SPON ADR NEW	904767704
—	APOLLO GROUP INC	35,000	$728K	0.9%	$20.80	—	CL A	037604105
CLDT	CHATHAM LODGING TR	35,000	$625K	0.8%	$17.17	—	COM	16208T102
—	ISHARES	50,000	$596K	0.7%	$11.22	—	MSCI JAPAN ETF	464286848
DVN	DEVON ENERGY CORP NEW	10,000	$578K	0.7%	$37.55	+1.5%	COM	25179M103
TR	TOOTSIE ROLL INDS INC	16,424	$506K	0.6%	$23.22	+4.6%	COM	890516107
—	ACTIVISION BLIZZARD INC	30,000	$500K	0.6%	$14.26	—	COM	00507V109
—	CABLEVISION SYS CORP	25,000	$421K	0.5%	$16.84	—	CL A NY CABLVS	12686C109
—	STRAYER ED INC	10,000	$415K	0.5%	$41.50	—	COM	863236105
EWH	ISHARES	20,350	$408K	0.5%	$18.33	—	MSCI HONG KG ETF	464286871
FEZ	SPDR INDEX SHS FDS	10,000	$384K	0.5%	$38.40	—	EURO STOXX 50	78463X202
PG	PROCTER & GAMBLE CO	5,000	$378K	0.5%	$55.00	+2.2%	COM	742718109
RVTY	PERKINELMER INC	10,000	$378K	0.5%	$34.30	0.0%	COM	714046109
SPEU	SPDR INDEX SHS FDS	10,000	$366K	0.4%	$36.60	—	STOXX EUR 50 ETF	78463X103
—	ISHARES	25,250	$337K	0.4%	$12.79	—	MSCI SINGAP ETF	464286673
—	PENNEY J C INC	35,000	$309K	0.4%	$8.83	—	COM	708160106
EWY	ISHARES	5,000	$308K	0.4%	$53.20	—	MSCI STH KOR ETF	464286772
—	ISHARES	20,000	$301K	0.4%	$15.55	—	MSCI MALAYSI ETF	464286830
EWA	ISHARES	10,000	$253K	0.3%	$22.60	—	MSCI AUST ETF	464286103
—	ISHARES	15,000	$209K	0.3%	$13.33	—	MSCI TAIWAN ETF	464286731
—	DEX MEDIA INC NEW	25,000	$203K	0.2%	$17.57	—	COM	25213A107
—	WHITEWAVE FOODS CO	10,000	$200K	0.2%	$16.30	—	COM CL A	966244105
—	STRATEGIC HOTELS & RESORTS I	20,000	$174K	0.2%	$8.85	—	COM	86272T106
—	BOULDER BRANDS INC	10,000	$160K	0.2%	$12.10	—	COM	101405108