Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	CTRIP COM INTL LTD AMERICAN DE	246,041	$17.87M	5.5%	$36.47	—	COM	22943F100
ADBE	ADOBE SYS INC COM	205,805	$16.67M	5.1%	$48.35	+61.4%	COM	00724F101
MTN	VAIL RESORTS INC COM	143,925	$15.72M	4.8%	$66.45	+57.4%	COM	91879Q109
—	CHICAGO BRIDGE &IRON F ADR 1 A	309,828	$15.5M	4.7%	$49.30	—	COM	167250109
CDW	CDW CORP COM	445,681	$15.28M	4.7%	$20.16	+63.7%	COM	12514G108
ZTS	ZOETIS INC CL A	301,512	$14.54M	4.5%	$28.30	+55.4%	COM	98978V103
BIDU	BAIDU COM INC SPONS ADR REPSTG	71,253	$14.19M	4.3%	$107.20	—	COM	056752108
—	LA QUINTA HLDGS INC COM	606,379	$13.86M	4.2%	$22.19	—	COM	50420D108
—	CIMAREX ENERGY CO	120,657	$13.31M	4.1%	$81.56	—	COM	171798101
—	MEAD JOHNSON NUTRITION CO COM	145,338	$13.11M	4.0%	$83.25	—	COM	582839106
—	CANTEL MED CORP COM	242,730	$13.03M	4.0%	$38.07	—	COM	138098108
—	NOW INC	647,622	$12.89M	3.9%	$19.91	—	COM	67011p100
PSMT	PRICESMART INC COM	136,351	$12.44M	3.8%	$75.50	-2.5%	COM	741511109
—	SNYDERS-LANCE INC COM	376,872	$12.16M	3.7%	$28.84	—	COM	833551104
—	COMPASS MINERALS INT	141,537	$11.63M	3.6%	$94.44	—	COM	20451n101
DORM	DORMAN PRODUCTS INC COM	243,580	$11.61M	3.6%	$48.72	0.0%	COM	258278100
LVS	LAS VEGAS SANDS CORP COM	215,208	$11.31M	3.5%	$40.66	-2.9%	COM	517834107
—	GENESEE & WYO INC CL A	144,550	$11.01M	3.4%	$76.18	—	COM	371559105
CRS	CARPENTER TECHNOLOGY CORP COM	268,462	$10.38M	3.2%	$38.28	-9.7%	COM	144285103
MS	MORGAN STANLEY COM	241,814	$9.38M	2.9%	$18.85	+50.7%	COM	617446448
MUSA	MURPHY USA INC COM	165,444	$9.235M	2.8%	$41.34	+47.6%	COM	626755102
PNR	PENTAIR PLC SHS ISIN#IE00BLS09	113,560	$7.807M	2.4%	$41.29	-14.2%	COM	G7S00T104
—	CREE INC COM	215,896	$5.62M	1.7%	$31.76	—	COM	225447101
—	RANGE RESOURCES CORP	28,992	$1.432M	0.4%	$73.49	—	COM	75281a109
JPM	JP MORGAN CHASE & CO COM ISIN#	20,692	$1.402M	0.4%	$42.10	+16.7%	COM	46625H100
CTRA	CABOT OIL & GAS CORP COM	40,597	$1.28M	0.4%	$25.96	-6.7%	COM	127097103
—	EQT CORP	14,126	$1.149M	0.4%	$90.18	—	COM	26884l109
VMC	VULCAN MATERIALS COM	12,207	$1.025M	0.3%	$52.38	+52.4%	COM	929160109
DIS	DISNEY WALT CO DISNEY COM	8,554	$976K	0.3%	$58.27	+71.6%	COM	254687106
MMM	3M CO COM	6,017	$928K	0.3%	$68.84	+37.7%	COM	88579Y101
NFG	NATIONAL FUEL GAS CO N J COM	14,094	$830K	0.3%	$61.66	+2.4%	COM	636180101
HD	HOME DEPOT INC COM	6,960	$773K	0.2%	$57.70	+50.9%	COM	437076102
DVN	DEVON ENERGY CORPORATION COMMO	12,999	$773K	0.2%	$37.46	+18.1%	COM	25179M103
MLM	MARTIN MARIETTA MATR	5,404	$765K	0.2%	$95.92	+39.9%	COM	573284106
JNJ	JOHNSON & JOHNSON COM	7,823	$762K	0.2%	$66.20	+12.5%	COM	478160104
BA	BOEING CO COM	5,420	$752K	0.2%	$83.44	+54.4%	COM	097023105
—	CORE LABORATORIES N V F	6,245	$712K	0.2%	$105.05	—	COM	n22717107
ADP	AUTOMATIC DATA PROCESSING INC	8,807	$707K	0.2%	$48.61	+39.1%	COM	053015103
IBM	INTL BUSINESS MACHINES COM	4,295	$699K	0.2%	$115.45	-10.8%	COM	459200101
PFE	PFIZER INC COM	20,771	$696K	0.2%	$16.77	+23.9%	COM	717081103
—	WHITING PETROLEUM CO	20,683	$695K	0.2%	$46.39	—	COM	966387102
PAYX	PAYCHEX INC COM	14,673	$688K	0.2%	$27.50	+28.8%	COM	704326107
AAPL	APPLE INC COM	5,437	$682K	0.2%	$18.01	+58.5%	COM	037833100
TRV	THE TRAVELERS COMPANIES INC CO	7,007	$677K	0.2%	$67.93	+19.1%	COM	89417E109
CL	COLGATE PALMOLIVE CO COM	10,179	$666K	0.2%	$47.35	+11.9%	COM	194162103
—	PDC ENERGY INC	12,225	$656K	0.2%	$41.26	—	COM	69327r101
MRK	MERCK & CO INC NEW COM	11,361	$647K	0.2%	$30.86	+30.4%	COM	58933Y105
WM	WASTE MGMT INC DEL COM	13,719	$636K	0.2%	$33.48	+22.2%	COM	94106L109
SEB	SEABOARD CORP	169	$608K	0.2%	$2746.45	+27.5%	COM	811543107
IEX	IDEX CORP COM	7,657	$602K	0.2%	$66.48	+1.6%	COM	45167R104
—	DU PONT E I DE NEMOURS & CO CO	9,301	$595K	0.2%	$55.53	—	COM	263534109
—	MOSAIC CO	12,605	$591K	0.2%	$47.37	—	COM	61945c103
INTC	INTEL CORP COM	18,597	$566K	0.2%	$17.86	+40.5%	COM	458140100
—	SM ENERGY CO	12,130	$559K	0.2%	$83.10	—	COM	78454l100
ANDE	ANDERSONS INC	13,105	$511K	0.2%	$37.98	-10.6%	COM	034164103
—	ELDORADO GOLD CORP NEW F	122,352	$507K	0.2%	$6.17	—	COM	284902103
PG	PROCTER GAMBLE CO COM	6,434	$503K	0.2%	$56.54	+6.0%	COM	742718109
PAAS	PAN AMERICAN SILVER CP F	56,995	$490K	0.2%	$10.48	-10.2%	COM	697900108
CVX	CHEVRON CORP COM	5,080	$490K	0.2%	$72.79	-8.7%	COM	166764100
—	CARRIZO OIL & GAS	9,890	$487K	0.1%	$41.95	—	COM	144577103
AXP	AMERICAN EXPRESS CO CM	6,261	$487K	0.1%	$63.08	+7.9%	COM	025816109
ABBNY	ABB LTD ADR	22,795	$476K	0.1%	$22.10	—	COM	000375204
—	SPDR GOLD SHARES ETF	4,230	$475K	0.1%	$119.46	—	COM	78463v107
XOM	EXXON MOBIL CORPORATION COM	5,636	$469K	0.1%	$57.01	-4.8%	COM	30231G102
VZ	VERIZON COMMUNICATIONS INC COM	9,981	$465K	0.1%	$26.98	+5.0%	COM	92343V104
—	CAMECO CORP F	32,100	$458K	0.1%	$13.94	—	COM	13321l108
—	KRAFT FOODS GROUP INC CSH&STK	5,352	$456K	0.1%	$56.06	—	COM	50076Q106
—	REYNOLDS AMERICAN INC COM	6,111	$456K	0.1%	$51.45	—	COM	761713106
—	TRIANGLE PETROLEUM	88,329	$443K	0.1%	$6.94	—	COM	89600b201
T	AT&T INC COM	12,357	$439K	0.1%	$11.44	+6.8%	COM	00206R102
MCD	MCDONALDS CORP COM	4,484	$426K	0.1%	$71.69	+3.5%	COM	580135101
KO	COCA COLA CO COM	10,613	$416K	0.1%	$27.84	+4.3%	COM	191216100
SYY	SYSCO CORP COM	11,376	$411K	0.1%	$26.15	+8.1%	COM	871829107
CAT	CATERPILLAR INC COM	4,779	$405K	0.1%	$64.57	+2.0%	COM	149123101
PAA	PLAINS ALL AMERICAN PIPELINE L	9,236	$402K	0.1%	$54.49	—	COM	726503105
—	SILVER WHEATON CORP F	22,333	$387K	0.1%	$23.94	—	COM	828336107
MO	ALTRIA GROUP INC COM	7,885	$386K	0.1%	$17.35	+45.6%	COM	02209S103
MDLZ	MONDELEZ INTL INC COM	9,341	$384K	0.1%	$23.65	+30.4%	COM	609207105
—	NATIONAL OILWELL VARCO INC	7,890	$381K	0.1%	$59.53	—	COM	637071101
—	HCP INC COM	9,779	$357K	0.1%	$42.73	—	COM	40414L109
—	STILLWATER MINING CO	30,739	$356K	0.1%	$14.88	—	COM	86074q102
CAG	CONAGRA FOODS INC COM	7,680	$336K	0.1%	$17.70	+17.7%	COM	205887102
FCX	FREEPORT-MCMORAN INC COM	15,942	$297K	0.1%	$26.29	-29.7%	COM	35671D857
—	CLOUD PEAK ENERGY	63,587	$296K	0.1%	$14.32	—	COM	18911q102
—	CA INC COM	7,580	$222K	0.1%	$28.64	—	COM	12673P105
—	OASIS PETROLEUM INC	13,800	$219K	0.1%	$37.69	—	COM	674215108
—	PEABODY ENERGY CORP	43,616	$96,000	0.0%	$15.29	—	COM	704549104