Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
VWO	VANGUARD INTL EQUITY INDEX F	1,883,000	$75.53M	33.3%	$38.78	—	FTSE EMR MKT ETF	922042858
VT	VANGUARD INTL EQUITY INDEX F	300,000	$16.66M	7.4%	$51.55	—	TT WRLD ST ETF	922042742
XOM	EXXON MOBIL CORP	167,700	$14.43M	6.4%	$53.69	+0.9%	COM	30231G102
JNJ	JOHNSON & JOHNSON	103,200	$8.946M	3.9%	$59.66	+6.5%	COM	478160104
AMZN	AMAZON COM INC	18,200	$5.69M	2.5%	$13.32	+11.9%	COM	023135106
LBTYAUSD	LIBERTY GLOBAL PLC	62,000	$4.92M	2.2%	$74.08	—	SHS CL A	G5480U104
COST	COSTCO WHSL CORP NEW	42,700	$4.916M	2.2%	$86.56	+5.9%	COM	22160K105
VEU	VANGUARD INTL EQUITY INDEX F	100,000	$4.86M	2.1%	$44.22	—	ALLWRLD EX US	922042775
AAPL	APPLE INC	9,600	$4.577M	2.0%	$13.16	+8.5%	COM	037833100
MSFT	MICROSOFT CORP	129,600	$4.317M	1.9%	$26.70	+1.1%	COM	594918104
AIG	AMERICAN INTL GROUP INC	73,400	$3.569M	1.6%	$32.51	+10.8%	COM NEW	026874784
BRK/B	BERKSHIRE HATHAWAY INC DEL	29,600	$3.36M	1.5%	$110.02	+4.9%	CL B NEW	084670702
—	KANSAS CITY SOUTHERN	29,300	$3.204M	1.4%	$105.97	—	COM NEW	485170302
BAC	BANK OF AMERICA CORPORATION	228,300	$3.151M	1.4%	$10.03	+12.0%	COM	060505104
—	LIBERTY GLOBAL PLC	41,600	$3.138M	1.4%	$67.88	—	SHS CL C	G5480U120
—	PRICELINE COM INC	3,100	$3.134M	1.4%	$827.10	—	COM NEW	741503403
—	SL GREEN RLTY CORP	28,400	$2.523M	1.1%	$88.20	—	COM	78440X101
IT	GARTNER INC	41,000	$2.46M	1.1%	$56.76	+3.7%	COM	366651107
EEM	ISHARES TR	59,100	$2.409M	1.1%	$38.56	—	MSCI EMERG MKT	464287234
C	CITIGROUP INC	46,100	$2.236M	1.0%	$35.76	+5.2%	COM NEW	172967424
EL	LAUDER ESTEE COS INC	31,100	$2.174M	1.0%	$58.22	-0.5%	CL A	518439104
—	WELLPOINT INC	24,100	$2.015M	0.9%	$81.83	—	COM	94973V107
CBRE	CBRE GROUP INC	84,100	$1.945M	0.9%	$23.79	-2.7%	CL A	12504L109
F	FORD MTR CO DEL	108,400	$1.829M	0.8%	$7.61	+18.6%	COM PAR $0.01	345370860
—	LAZARD LTD	49,200	$1.772M	0.8%	$32.15	—	SHS A	G54050102
BFH	ALLIANCE DATA SYSTEMS CORP	8,300	$1.755M	0.8%	$118.19	+15.8%	COM	018581108
—	CBS CORP NEW	31,400	$1.732M	0.8%	$48.89	—	CL B	124857202
EBAY	EBAY INC	31,000	$1.729M	0.8%	$20.18	-1.1%	COM	278642103
KR	KROGER CO	42,400	$1.71M	0.8%	$13.44	+13.3%	COM	501044101
—	LEGG MASON INC	50,200	$1.679M	0.7%	$31.02	—	COM	524901105
—	GOOGLE INC	1,900	$1.664M	0.7%	$880.53	—	CL A	38259P508
AXP	AMERICAN EXPRESS CO	21,900	$1.654M	0.7%	$59.62	+6.1%	COM	025816109
—	CABLEVISION SYS CORP	95,600	$1.61M	0.7%	$16.82	—	CL A NY CABLVS	12686C109
MGM	MGM RESORTS INTERNATIONAL	76,000	$1.553M	0.7%	$13.35	+23.2%	COM	552953101
—	MONSANTO CO NEW	11,600	$1.211M	0.5%	$98.79	—	COM	61166W101
HBAN	HUNTINGTON BANCSHARES INC	146,300	$1.208M	0.5%	$4.66	+14.0%	COM	446150104
—	TIME WARNER INC	17,700	$1.165M	0.5%	$57.80	—	COM NEW	887317303
PBR	PETROLEO BRASILEIRO SA PETRO	73,000	$1.131M	0.5%	$13.42	—	SPONSORED ADR	71654V408
PM	PHILIP MORRIS INTL INC	12,700	$1.1M	0.5%	$49.85	-5.0%	COM	718172109
—	LSI CORPORATION	130,800	$1.023M	0.5%	$7.14	—	COM	502161102
—	CIT GROUP INC	20,200	$985K	0.4%	$46.63	—	COM NEW	125581801
RF	REGIONS FINL CORP NEW	96,000	$889K	0.4%	$5.80	+12.8%	COM	7591EP100
—	DST SYS INC DEL	11,400	$860K	0.4%	$65.35	—	COM	233326107
SMG	SCOTTS MIRACLE GRO CO	15,200	$836K	0.4%	$29.98	+13.9%	CL A	810186106
—	SAPIENT CORP	49,000	$763K	0.3%	$13.06	—	COM	803062108
—	RAYTHEON CO	9,600	$740K	0.3%	$66.15	—	COM NEW	755111507
—	LIBERTY INTERACTIVE CORP	31,400	$737K	0.3%	$23.03	—	INT COM SER A	53071M104
—	GENERAL ELECTRIC CO	30,800	$736K	0.3%	$23.18	—	COM	369604103
PG	PROCTER & GAMBLE CO	9,400	$711K	0.3%	$55.00	+2.2%	COM	742718109
—	BCE INC	16,000	$684K	0.3%	$41.00	—	COM NEW	05534B950
MTB	M & T BK CORP	5,800	$649K	0.3%	$72.91	+13.0%	COM	55261F104
WDC	WESTERN DIGITAL CORP	10,200	$647K	0.3%	$35.69	+13.1%	COM	958102105
—	DIRECTV	10,600	$633K	0.3%	$61.60	—	COM	25490A309
—	TOWERS WATSON & CO	5,799	$620K	0.3%	$81.91	—	CL A	891894107
—	LEVEL 3 COMMUNICATIONS INC	23,000	$614K	0.3%	$21.09	—	COM NEW	52729N308
BMO	BANK MONTREAL QUE	8,800	$588K	0.3%	$36.25	+4.7%	COM	063671101
—	CBS CORP NEW	10,300	$570K	0.3%	$48.83	—	CL A	124857103
MO	ALTRIA GROUP INC	14,300	$491K	0.2%	$16.28	-0.7%	COM	02209S103
—	XEROX CORP	38,700	$398K	0.2%	$9.07	—	COM	984121103
CX	CEMEX SAB DE CV	34,944	$391K	0.2%	$10.59	—	SPON ADR NEW	151290889
—	AMERICA MOVIL SAB DE CV	19,700	$390K	0.2%	$21.73	—	SPON ADR L SHS	02364W105
MCO	MOODYS CORP	5,100	$359K	0.2%	$53.10	+8.5%	COM	615369105
DAL	DELTA AIR LINES INC DEL	15,200	$359K	0.2%	$14.99	+20.4%	COM NEW	247361702
BMY	BRISTOL MYERS SQUIBB CO	7,600	$352K	0.2%	$28.67	+1.9%	COM	110122108
JPM	JPMORGAN CHASE & CO	6,700	$346K	0.2%	$36.24	+6.3%	COM	46625H100
FHI	FEDERATED INVS INC PA	11,000	$299K	0.1%	$14.54	+13.1%	CL B	314211103
EXPD	EXPEDITORS INTL WASH INC	6,700	$295K	0.1%	$31.69	+11.4%	COM	302130109
NOC	NORTHROP GRUMMAN CORP	3,100	$295K	0.1%	$62.64	+19.5%	COM	666807102
—	HEALTH MGMT ASSOC INC NEW	21,100	$270K	0.1%	$15.73	—	CL A	421933102
IBM	INTERNATIONAL BUSINESS MACHS	1,399	$259K	0.1%	$118.94	-6.2%	COM	459200101
TSM	TAIWAN SEMICONDUCTOR MFG LTD	14,300	$243K	0.1%	$18.32	—	SPONSORED ADR	874039100
—	AETNA INC NEW	3,500	$224K	0.1%	$63.43	—	COM	00817Y108
—	LUXOTTICA GROUP S P A	4,211	$221K	0.1%	$50.57	—	SPONSORED ADR	55068R202
—	MINDRAY MEDICAL INTL LTD	5,200	$202K	0.1%	$37.50	—	SPON ADR	602675100
EMBJ	EMBRAER S A	5,900	$192K	0.1%	$36.95	—	SP ADR REP 4 COM	29082A107
JBHT	HUNT J B TRANS SVCS INC	2,500	$182K	0.1%	$64.12	+3.2%	COM	445658107
NTES	NETEASE INC	2,500	$182K	0.1%	$63.20	—	SPONSORED ADR	64110W102
YUM	YUM BRANDS INC	2,500	$178K	0.1%	$38.97	+5.2%	COM	988498101
HAL	HALLIBURTON CO	3,500	$169K	0.1%	$33.21	+12.4%	COM	406216101
—	NII HLDGS INC	25,700	$156K	0.1%	$6.65	—	CL B NEW	62913F201
MRK	MERCK & CO INC NEW	2,800	$133K	0.1%	$30.02	+3.2%	COM	58933Y105
SHW	SHERWIN WILLIAMS CO	700	$128K	0.1%	$53.48	-2.3%	COM	824348106
—	DISCOVERY COMMUNICATNS NEW	1,500	$127K	0.1%	$77.33	—	COM SER A	25470F104
—	HEWLETT PACKARD CO	5,800	$122K	0.1%	$24.83	—	COM	428236103
FMX	FOMENTO ECONOMICO MEXICANO S	1,200	$117K	0.1%	$103.33	—	SPON ADR UNITS	344419106
PFG	PRINCIPAL FINL GROUP INC	2,500	$107K	0.0%	$23.49	+14.7%	COM	74251V102
ZION	ZIONS BANCORPORATION	3,800	$104K	0.0%	$26.15	+11.6%	COM	989701107
—	GIANT INTERACTIVE GROUP INC	10,600	$97,000	0.0%	$8.02	—	ADR	374511103
PSMT	PRICESMART INC	1,000	$95,000	0.0%	$74.69	+4.3%	COM	741511109
—	SEAGATE TECHNOLOGY PLC	1,900	$83,000	0.0%	$44.74	—	SHS	G7945M107
—	AOL INC	2,300	$80,000	0.0%	$36.52	—	COM	00184X105
TEVA	TEVA PHARMACEUTICAL INDS LTD	2,100	$79,000	0.0%	$39.05	—	ADR	881624209
—	DISCOVERY COMMUNICATNS NEW	900	$70,000	0.0%	$70.00	—	COM SER C	25470F302
—	BAKER HUGHES INC	1,400	$69,000	0.0%	$46.43	—	COM	057224107
—	VINA CONCHA Y TORO S A	1,800	$66,000	0.0%	$38.89	—	SPONSORED ADR	927191106
—	TD AMERITRADE HLDG CORP	2,500	$65,000	0.0%	$24.40	—	COM	87236Y108
AMP	AMERIPRISE FINL INC	700	$64,000	0.0%	$59.57	+14.3%	COM	03076C106
PBI	PITNEY BOWES INC	3,200	$58,000	0.0%	$14.77	+11.1%	COM	724479100
CTSH	COGNIZANT TECHNOLOGY SOLUTIO	700	$57,000	0.0%	$29.46	+11.7%	CL A	192446102
—	ALCATEL-LUCENT	15,200	$54,000	0.0%	$1.84	—	SPONSORED ADR	013904305
FRCB	FIRST REP BK SAN FRANCISCO C	1,100	$51,000	0.0%	$35.36	+14.9%	COM	33616C100
INFY	INFOSYS LTD	1,000	$48,000	0.0%	$41.00	—	SPONSORED ADR	456788108
NSC	NORFOLK SOUTHERN CORP	600	$46,000	0.0%	$57.67	-1.2%	COM	655844108
—	LIBERTY INTERACTIVE CORP	524	$46,000	0.0%	$85.88	—	LBT VENT COM A	53071M880
—	DELL INC	3,100	$43,000	0.0%	$13.23	—	COM	24702R101
VNO	VORNADO RLTY TR	500	$42,000	0.0%	$82.00	—	SH BEN INT	929042109
—	WILLIAMS PARTNERS L P	700	$37,000	0.0%	$51.43	—	COM UNIT L P	96950F104
—	UNITED STATES STL CORP NEW	1,700	$35,000	0.0%	$17.65	—	COM	912909108
—	EXCO RESOURCES INC	3,900	$26,000	0.0%	$7.69	—	COM	269279402
DVN	DEVON ENERGY CORP NEW	400	$23,000	0.0%	$37.00	+3.0%	COM	25179M103
SAN	BANCO SANTANDER SA	2,488	$20,000	0.0%	$6.43	—	ADR	05964H105
—	SUPERVALU INC	2,000	$16,000	0.0%	$6.00	—	COM	868536103