Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CDW	CDW CORP COM	427,463	$15.92M	5.4%	$19.62	+63.9%	COM	12514G108
ZTS	ZOETIS INC CL A	328,521	$15.21M	5.2%	$28.30	+46.4%	COM	98978V103
—	CHICAGO BRIDGE & IRON CO N V I	293,898	$14.48M	4.9%	$49.26	—	COM	167250109
ADBE	ADOBE SYS INC COM	195,408	$14.45M	4.9%	$46.77	+59.5%	COM	00724F101
MTN	VAIL RESORTS INC COM	138,218	$14.29M	4.9%	$64.88	+39.6%	COM	91879Q109
BIDU	BAIDU COM INC SPONS ADR REPSTG	68,212	$14.21M	4.8%	$103.10	—	COM	056752108
—	CTRIP COM INTL LTD AMERICAN DE	241,220	$14.14M	4.8%	$35.75	—	COM	22943F100
—	LA QUINTA HLDGS INC COM	567,332	$13.43M	4.6%	$22.15	—	COM	50420D108
—	CIMAREX ENERGY CO	114,641	$13.19M	4.5%	$80.05	—	COM	171798101
—	COMPASS MINERALS INT	132,643	$12.36M	4.2%	$95.26	—	COM	20451n101
LVS	LAS VEGAS SANDS CORP COM	202,392	$11.14M	3.8%	$40.73	0.0%	COM	517834107
—	SNYDERS-LANCE INC COM	347,197	$11.1M	3.8%	$28.54	—	COM	833551104
—	MEAD JOHNSON NUTRITION CO COM	110,360	$11.09M	3.8%	$81.04	—	COM	582839106
MUSA	MURPHY USA INC COM	152,310	$11.02M	3.7%	$39.64	+72.3%	COM	626755102
—	CANTEL MED CORP COM	229,082	$10.88M	3.7%	$37.14	—	COM	138098108
PSMT	PRICESMART INC COM	126,644	$10.76M	3.7%	$75.64	-3.8%	COM	741511109
CRS	CARPENTER TECHNOLOGY CORP COM	247,648	$9.629M	3.3%	$38.59	-13.7%	COM	144285103
DNOW	NOW INC COM	382,771	$8.283M	2.8%	$23.25	0.0%	COM	67011P100
MS	MORGAN STANLEY COM	226,136	$8.071M	2.7%	$18.18	+46.7%	COM	617446448
PNR	PENTAIR PLC SHS ISIN#IE00BLS09	125,851	$7.915M	2.7%	$41.29	-12.4%	COM	G7S00T104
—	CREE INC COM	193,966	$6.884M	2.3%	$32.41	—	COM	225447101
—	RANGE RESOURCES CORP	31,623	$1.646M	0.6%	$73.49	—	COM	75281a109
JPM	JP MORGAN CHASE & CO COM	20,033	$1.214M	0.4%	$41.87	+5.8%	COM	46625H100
CTRA	CABOT OIL & GAS CORP COM	40,672	$1.201M	0.4%	$25.96	-20.8%	COM	127097103
BA	BOEING CO COM	7,913	$1.188M	0.4%	$83.44	+53.2%	COM	097023105
MMM	3M CO COM	7,101	$1.171M	0.4%	$68.84	+40.7%	COM	88579Y101
—	EQT CORP	14,126	$1.171M	0.4%	$90.18	—	COM	26884l109
DIS	WALT DISNEY CO COM	10,377	$1.088M	0.4%	$58.27	+57.7%	COM	254687106
IBM	INTL BUSINESS MACHINES COM	6,757	$1.085M	0.4%	$115.45	-16.4%	COM	459200101
JNJ	JOHNSON & JOHNSON COM	10,407	$1.047M	0.4%	$66.20	+13.5%	COM	478160104
HD	HOME DEPOT INC COM	9,083	$1.032M	0.4%	$57.70	+47.9%	COM	437076102
VMC	VULCAN MATERIALS COM	11,580	$976K	0.3%	$50.89	+38.7%	COM	929160109
TRV	THE TRAVELERS COMPANIES INC CO	8,720	$943K	0.3%	$67.93	+23.6%	COM	89417E109
ADP	AUTOMATIC DATA PROCESSING INC	10,939	$937K	0.3%	$48.61	+39.6%	COM	053015103
WM	WASTE MANAGEMENT INC COM	17,146	$930K	0.3%	$33.48	+28.4%	COM	94106L109
PAYX	PAYCHEX INC COM	18,435	$915K	0.3%	$27.50	+27.1%	COM	704326107
PFE	PFIZER INC COM	26,133	$909K	0.3%	$16.77	+19.9%	COM	717081103
AAPL	APPLE INC COM	7,057	$878K	0.3%	$18.01	+49.0%	COM	037833100
CL	COLGATE PALMOLIVE CO COM	12,554	$870K	0.3%	$47.35	+13.4%	COM	194162103
NFG	NATIONAL FUEL GAS CO N J COM	13,879	$837K	0.3%	$61.63	+4.3%	COM	636180101
—	DU PONT E I DE NEMOURS & CO CO	11,671	$834K	0.3%	$55.53	—	COM	263534109
MRK	MERCK & CO INC. COM	14,050	$808K	0.3%	$30.86	+30.6%	COM	58933Y105
PG	PROCTER GAMBLE CO COM	9,676	$793K	0.3%	$56.54	+12.5%	COM	742718109
DVN	DEVON ENERGY CORPORATION COMMO	12,999	$784K	0.3%	$37.46	+11.0%	COM	25179M103
VZ	VERIZON COMMUNICATIONS INC COM	14,966	$728K	0.2%	$26.98	+2.4%	COM	92343V104
INTC	INTEL CORP COM	23,164	$724K	0.2%	$17.86	+45.6%	COM	458140100
AXP	AMERICAN EXPRESS COMPANY	9,214	$720K	0.2%	$63.08	+12.6%	COM	025816109
MLM	MARTIN MARIETTA MATR	5,123	$716K	0.2%	$93.82	+25.7%	COM	573284106
XOM	EXXON MOBIL CORPORATION COM	8,349	$710K	0.2%	$57.01	-2.5%	COM	30231G102
—	HCP INC COM	16,242	$702K	0.2%	$42.73	—	COM	40414L109
KO	COCA COLA CO COM	17,075	$692K	0.2%	$27.84	+6.4%	COM	191216100
SYY	SYSCO CORP COM	18,273	$689K	0.2%	$26.15	+13.0%	COM	871829107
—	PDC ENERGY INC	12,595	$681K	0.2%	$41.26	—	COM	69327r101
PAA	PLAINS ALL AMERICAN PIPELINE L	13,771	$672K	0.2%	$54.49	—	COM	726503105
SEB	SEABOARD CORP	161	$665K	0.2%	$2708.96	+44.9%	COM	811543107
CVX	CHEVRON CORP COM	6,271	$658K	0.2%	$72.79	-8.1%	COM	166764100
T	AT&T INC COM	19,701	$643K	0.2%	$11.44	+3.1%	COM	00206R102
—	KRAFT FOODS GROUP INC COM	7,236	$630K	0.2%	$56.06	—	COM	50076Q106
—	SM ENERGY CO	12,130	$627K	0.2%	$83.10	—	COM	78454l100
—	CORE LABORATORIES N V F	5,920	$619K	0.2%	$104.56	—	COM	n22717107
—	REYNOLDS AMERN INC COM	8,844	$609K	0.2%	$51.45	—	COM	761713106
—	WHITING PETROLEUM CO	19,683	$608K	0.2%	$47.04	—	COM	966387102
MO	ALTRIA GROUP INC COM	11,640	$582K	0.2%	$17.35	+50.9%	COM	02209S103
IEX	IDEX CORP COM	7,657	$581K	0.2%	$66.48	-1.7%	COM	45167R104
ABBNY	ABB LTD ADR	27,396	$580K	0.2%	$22.10	—	COM	000375204
CAT	CATERPILLAR INC COM	7,222	$578K	0.2%	$64.57	-2.2%	COM	149123101
—	MOSAIC CO	11,949	$550K	0.2%	$47.39	—	COM	61945c103
MCD	MCDONALDS CORP COM	5,564	$542K	0.2%	$71.69	+0.6%	COM	580135101
—	ELDORADO GOLD CORP NEW F	116,002	$532K	0.2%	$6.28	—	COM	284902103
—	NATIONAL OILWELL VARCO INC COM	10,315	$516K	0.2%	$59.53	—	COM	637071101
ANDE	ANDERSONS INC	12,406	$513K	0.2%	$38.21	-6.4%	COM	034164103
PAAS	PAN AMERICAN SILVER CP F	54,346	$477K	0.2%	$10.53	-2.5%	COM	697900108
—	CARRIZO OIL & GAS	9,405	$467K	0.2%	$41.57	—	COM	144577103
—	SPDR GOLD SHARES ETF	4,019	$457K	0.2%	$119.84	—	COM	78463v107
—	CAMECO CORP F	30,530	$425K	0.1%	$13.92	—	COM	13321l108
—	TRIANGLE PETROLEUM	84,343	$424K	0.1%	$7.03	—	COM	89600b201
—	SILVER WHEATON CORP F	21,267	$404K	0.1%	$24.27	—	COM	828336107
MDLZ	MONDELEZ INTL INC COM	10,631	$384K	0.1%	$23.65	+19.8%	COM	609207105
—	STILLWATER MINING CO	29,394	$380K	0.1%	$15.03	—	COM	86074q102
FCX	FREEPORT-MCMORAN INC COM	18,870	$358K	0.1%	$26.29	-33.0%	COM	35671D857
—	CLOUD PEAK ENERGY	56,822	$331K	0.1%	$15.48	—	COM	18911q102
WLY	WILEY JOHN & SONS INC CL A	4,726	$289K	0.1%	$27.60	+60.8%	COM	968223206
CAG	CONAGRA FOODS INC COM	7,680	$281K	0.1%	$17.70	+7.3%	COM	205887102
—	CA INCORPORATED COM	7,580	$247K	0.1%	$28.64	—	COM	12673P105
—	PEABODY ENERGY CORP	41,026	$202K	0.1%	$16.11	—	COM	704549104
—	OASIS PETROLEUM INC	13,066	$186K	0.1%	$38.92	—	COM	674215108