Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AAPL	Apple Computer, Inc.	53,425	$4.965M	4.3%	$18.20	+2.5%	COM	037833100
BIDU	Baidu, Inc.	25,500	$4.764M	4.1%	$171.44	—	ADR	056752108
UNP	Union Pacific Corp.	47,482	$4.736M	4.1%	$65.83	+13.6%	COM	907818108
—	Dow Chemical Company	74,570	$3.837M	3.3%	$43.98	—	COM	260543103
CMI	Cummins, Inc.	24,734	$3.816M	3.3%	$81.53	+35.8%	COM	231021106
—	Blackstone Group LP	96,144	$3.215M	2.8%	$21.06	—	Other	09253U108
—	Google Inc., Class A	5,424	$3.171M	2.8%	$885.47	—	COM	38259P508
—	Google, Inc. Class C	5,440	$3.13M	2.7%	$575.37	—	COM	38259P706
BA	Boeing Company	24,220	$3.082M	2.7%	$91.56	+23.0%	COM	097023105
WFC	Wells Fargo Company	56,940	$2.993M	2.6%	$35.39	+2.6%	COM	949746101
AMP	Ameriprise Financial, Inc.	24,583	$2.95M	2.6%	$77.21	+13.4%	COM	03076C106
APH	Amphenol Corp.	26,380	$2.541M	2.2%	$9.47	+12.6%	COM	032095101
SLB	Schlumberger, Ltd.	20,950	$2.471M	2.1%	$74.85	0.0%	COM	806857108
NOC	Northrop Grumman Corp	19,865	$2.376M	2.1%	$82.53	+20.7%	COM	666807102
—	Market Vectors Vietnam ETF	112,000	$2.33M	2.0%	$21.60	—	ETF	57060U761
—	Legg Mason, Inc.	44,895	$2.304M	2.0%	$51.32	—	COM	524901105
—	Coca-Cola Enterprises, Inc.	45,015	$2.151M	1.9%	$47.77	—	COM	19122T109
—	United Technologies Corp.	17,290	$1.996M	1.7%	$108.49	—	COM	913017109
BIIB	Biogen Idec, Inc.	6,210	$1.958M	1.7%	$213.68	+40.8%	COM	09062X103
MCD	McDonald's Corporation	19,050	$1.919M	1.7%	$74.80	0.0%	COM	580135101
DIS	The Walt Disney Company	22,160	$1.9M	1.7%	$56.11	+30.9%	COM	254687106
—	Lorillard, Inc.	30,780	$1.877M	1.6%	$60.98	—	COM	544147101
EOG	EOG Resources Inc	15,740	$1.839M	1.6%	$72.37	+5.9%	COM	26875P101
HP	Helmerich & Payne	15,740	$1.828M	1.6%	$77.83	+40.7%	COM	423452101
VMC	Vulcan Materials Company	28,575	$1.822M	1.6%	$58.15	-0.8%	COM	929160109
OKE	ONEOK, Inc.	26,570	$1.809M	1.6%	$31.27	0.0%	COM	682680103
KR	Kroger Company	36,195	$1.789M	1.6%	$18.68	0.0%	COM	501044101
HAL	Halliburton Company	25,167	$1.787M	1.6%	$51.48	0.0%	COM	406216101
EXR	Extra Space Storage Inc.	32,284	$1.719M	1.5%	$33.61	0.0%	COM	30225T102
—	Lazard Ltd.	33,085	$1.706M	1.5%	$51.56	—	Other	G54050102
AMT	American Tower Corp	18,750	$1.687M	1.5%	$65.68	0.0%	COM	03027X100
CVS	CVS Caremark Corp.	21,860	$1.648M	1.4%	$41.44	+32.5%	COM	126650100
SRE	Sempra Energy	15,645	$1.638M	1.4%	$34.62	0.0%	COM	816851109
APD	Air Products and Chemicals	12,735	$1.638M	1.4%	$83.89	0.0%	COM	009158106
AMZN	Amazon.com, Inc.	5,000	$1.624M	1.4%	$15.35	+3.0%	COM	023135106
XOM	Exxon Mobil Corp.	15,340	$1.544M	1.3%	$61.87	0.0%	COM	30231G102
NKE	Nike, Inc. Class B	19,700	$1.528M	1.3%	$28.04	+14.6%	COM	654106103
OXY	Occidental Petroleum Corp.	14,777	$1.517M	1.3%	$66.18	0.0%	COM	674599105
MRK	Merck & Co., Inc.	25,267	$1.462M	1.3%	$37.96	0.0%	COM	58933Y105
LMT	Lockheed Martin Corporation	8,799	$1.414M	1.2%	$86.34	+37.0%	COM	539830109
MA	MasterCard, Inc.	17,470	$1.284M	1.1%	$70.12	-1.2%	COM	57636Q104
MCK	McKesson Corporation	6,842	$1.274M	1.1%	$116.25	+40.4%	COM	58155Q103
—	Raytheon Company	13,680	$1.262M	1.1%	$98.83	—	COM	755111507
—	Xilinx	25,865	$1.224M	1.1%	$46.84	—	COM	983919101
YUM	Yum! Brands, Inc.	14,795	$1.201M	1.0%	$44.64	0.0%	COM	988498101
—	Hess Corporation	11,635	$1.151M	1.0%	$98.93	—	COM	42809H107
CL	Colgate Palmolive	16,545	$1.128M	1.0%	$45.75	+12.0%	COM	194162103
IDXX	IDEXX Laboratiroes Inc.	8,225	$1.099M	1.0%	$59.62	+6.6%	COM	45168D104
IBM	International Business Machines	6,048	$1.096M	1.0%	$112.28	0.0%	COM	459200101
BFH	Alliance Data Systems Corp	3,810	$1.072M	0.9%	$148.45	+18.5%	COM	018581108
SU	Suncor Energy, Inc.	23,500	$1.002M	0.9%	$26.00	0.0%	COM	867224107
—	Lam Research Corp.	14,470	$978K	0.8%	$67.59	—	COM	512807108
AXP	American Express Company	10,200	$968K	0.8%	$65.25	+17.1%	COM	025816109
—	Crown Castle International	12,635	$938K	0.8%	$74.24	—	COM	228227104
CX	CEMEX ADR	55,340	$732K	0.6%	$12.64	—	ADR	151290889
—	Canadian Pacific Railway Ltd	3,500	$634K	0.6%	$181.14	—	COM	13645T100
TSM	Taiwan Semiconductor ADR	27,500	$588K	0.5%	$21.38	—	ADR	874039100
COST	Costco Wholesale Corporation	5,074	$584K	0.5%	$86.67	+5.9%	COM	22160K105
HDB	HDFC Bank Ltd. ADR	11,800	$552K	0.5%	$46.78	—	ADR	40415F101
TV	Grupo Televisa S.A.	11,300	$388K	0.3%	$33.87	—	ADR	40049J206
IBN	Icici Bank ADR	7,600	$379K	0.3%	$38.40	—	ADR	45104G104
BAP	Credicorp Limited	1,500	$233K	0.2%	$104.41	+8.9%	COM	G2519Y108
ABEV	Ambev SA	28,500	$201K	0.2%	$7.35	—	ADR	02319V103
BBD	Banco Bradesco S.A. ADR	13,360	$194K	0.2%	$13.88	—	ADR	059460303
—	Qihoo 360 Technology Co., Ltd.	2,100	$193K	0.2%	$83.21	—	ADR	74734M109
EMBJ	Embraer SA ADR	3,600	$131K	0.1%	$35.56	—	ADR	29082A107
—	Tata Motors Ltd	2,000	$78,000	0.1%	$35.29	—	ADR	876568502
ICLR	ICON PLC	1,600	$75,000	0.1%	$44.59	-3.2%	COM	G4705A100