Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
VGK	VANGUARD FTSE EUROPE ETF	1,035,000	$60.86M	21.0%	$58.80	—	COM	922042874
EEM	ISHARES MSCI EMERGING MKT IN	1,129,500	$47.18M	16.2%	$41.77	—	COM	464287234
—	PACIFIC DRILLING SA	3,453,107	$33.6M	11.6%	$9.73	—	COM	L7257P106
EWY	ISHARES MSCI SOUTH KOREA CAPPE	350,000	$22.64M	7.8%	$64.67	—	COM	464286772
—	NATIONAL OILWELL VARCO INC	281,700	$22.4M	7.7%	—	—	Put	637071101
FEZ	SPDR EURO STOXX 50 ETF	282,360	$11.92M	4.1%	$42.20	—	COM	78463X202
JPM	JPMORGAN CHASE & CO	188,950	$11.05M	3.8%	$39.63	0.0%	COM	46625H100
C	CITIGROUP INC	210,152	$10.95M	3.8%	$37.66	0.0%	COM	172967424
KBE	SPDR S&P BANK ETF	137,780	$4.57M	1.6%	$33.17	—	COM	78464A797
XLK	AMEX TECH SELECT SPDR IDX	127,630	$4.561M	1.6%	$35.74	—	COM	81369Y803
DXJ	WISDOMTREE JAPAN HEDGED EQ	83,000	$4.22M	1.5%	—	—	Call	97717W851
PEP	PEPSICO INC	44,285	$3.673M	1.3%	$57.75	0.0%	COM	713448108
—	TWENTY-FIRST CENTURY FOX INC	96,899	$3.409M	1.2%	$35.18	—	COM	90130A101
ORCL	ORACLE CORP	86,562	$3.312M	1.1%	$28.79	0.0%	COM	68389X105
MSFT	MICROSOFT CORP	80,126	$2.999M	1.0%	$30.02	0.0%	COM	594918104
KO	COCA COLA COMPANY	72,350	$2.989M	1.0%	$26.95	0.0%	COM	191216100
PG	PROCTER & GAMBLE	32,730	$2.665M	0.9%	$58.01	0.0%	COM	742718109
EWP	ISHARES MSCI SPAIN INDEX FUND	58,400	$2.252M	0.8%	$38.56	—	COM	464286764
EWC	ISHARES MSCI CANADA	64,390	$1.878M	0.6%	$29.17	—	COM	464286509
BRK/B	BERKSHIRE HATHAWAY INC-CL B	15,400	$1.826M	0.6%	$115.63	0.0%	COM	084670702
—	COMCAST CORP SPECIAL CL A	31,361	$1.564M	0.5%	$49.87	—	COM	20030N200
CSCO	CISCO SYSTEMS INC	67,280	$1.51M	0.5%	$15.20	0.0%	COM	17275R102
SYY	SYSCO CORP	39,850	$1.439M	0.5%	$24.38	0.0%	COM	871829107
WMT	WAL-MART STORES INC	18,265	$1.437M	0.5%	$20.35	0.0%	COM	931142103
—	AON PLC	17,225	$1.332M	0.5%	$77.33	—	COM	G0408V102
JNJ	JOHNSON & JOHNSON	14,035	$1.285M	0.4%	$65.75	0.0%	COM	478160104
—	GOOGLE INC-CL A	1,047	$1.173M	0.4%	$1120.34	—	COM	38259P508
—	NOBLE ENERGY INC.	16,900	$1.151M	0.4%	$68.11	—	COM	655044105
—	BARD CR INC	8,553	$1.146M	0.4%	$133.99	—	COM	067383109
ECL	ECOLAB INC	10,785	$1.125M	0.4%	$90.95	0.0%	COM	278865100
—	PRAXAIR INC	7,868	$1.023M	0.4%	$130.02	—	COM	74005P104
COP	CONOCOPHILLIPS	14,455	$1.021M	0.4%	$48.40	0.0%	COM	20825C104
MS	MORGAN STANLEY	32,500	$1.019M	0.4%	$21.80	0.0%	COM	617446448
—	VIACOM INC-CLASS B	11,604	$1.013M	0.3%	$87.30	—	COM	92553P201
UNH	UNITED HEALTH GROUP INC	13,160	$991K	0.3%	$59.09	0.0%	COM	91324P102
SYK	STRYKER CORP	13,050	$981K	0.3%	$63.06	0.0%	COM	863667101
L	LOWES CORP	18,800	$907K	0.3%	$45.01	0.0%	COM	540424108
MDLZ	MONDELEZ INTERNATIONAL INC	23,800	$840K	0.3%	$25.52	0.0%	COM	609207105
CLX	CLOROX CO	8,442	$783K	0.3%	$63.81	0.0%	COM	189054109
USB	US BANCORP<NEW>	18,975	$767K	0.3%	$25.38	0.0%	COM	902973304
—	DISH NETWORK CORP - A	11,300	$654K	0.2%	$57.88	—	COM	25470M109
EBAY	EBAY INC	11,548	$634K	0.2%	$19.70	0.0%	COM	278642103
FIS	FIDELITY NATIONAL INFORMATIO	11,582	$622K	0.2%	$40.05	0.0%	COM	31620M106
STZ	CONSTELLATION BRANDS INC-A	8,800	$619K	0.2%	$57.22	0.0%	COM	21036P108
XOM	EXXON MOBIL CORP	6,004	$608K	0.2%	$55.94	0.0%	COM	30231G102
TMO	THERMO FISHER SCIENTIFIC INC	5,400	$601K	0.2%	$95.60	0.0%	COM	883556102
GS	GOLDMAN SACHS GROUP INC	3,200	$567K	0.2%	$130.68	0.0%	COM	38141G104
WRB	WR BERKLEY CORP	11,600	$503K	0.2%	$9.82	0.0%	COM	084423102
—	WELLPOINT INC	5,141	$475K	0.2%	$92.39	—	COM	94973V107
GLW	CORNING INC	26,530	$473K	0.2%	$12.05	0.0%	COM	219350105
—	APOLLO EDUCATION GROUP INC	16,135	$441K	0.2%	$27.33	—	COM	037604105
BK	BANK OF NEW YORK MELLON CORP	11,520	$403K	0.1%	$24.30	0.0%	COM	064058100
—	ALTERA CORP	11,600	$377K	0.1%	$32.50	—	COM	021441100
CHRW	C.H. ROBINSON WORLDWIDE INC	6,395	$373K	0.1%	$44.08	0.0%	COM	12541W209
MMM	3M CO	2,500	$351K	0.1%	$72.67	0.0%	COM	88579Y101
—	AVON PRODUCTS INC	20,350	$350K	0.1%	$17.20	—	COM	054303102
WFC	WELLS FARGO & COMPANY	6,945	$315K	0.1%	$30.76	0.0%	COM	949746101
BDX	BECTON DICKINSON & CO	2,495	$276K	0.1%	$85.77	0.0%	COM	075887109
AAPL	APPLE INC	375	$210K	0.1%	$16.37	0.0%	COM	037833100
BB	RESEARCH IN MOTION	10,785	$80,000	0.0%	$7.06	0.0%	COM	09228F103