Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
VPL	VANGUARD FTSE PACIFIC ETF	701,000	$42.78M	26.5%	$57.05	—	COM	922042866
VOO	VANGUARD S&P 500 ETF	143,081	$27.02M	16.8%	$189.06	—	COM	922908363
VEA	VANGUARD FTSE DEVELOPED ETF	439,145	$17.41M	10.8%	$39.83	—	COM	921943858
VB	VANGUARD SMALL-CAP ETF	44,237	$5.373M	3.3%	$113.98	—	COM	922908751
EWP	ISHARES MSCI SPAIN INDEX FUND	157,111	$5.271M	3.3%	$38.98	—	COM	464286764
KBE	SPDR S&P BANK ETF	143,496	$5.203M	3.2%	$33.20	—	COM	78464A797
INDA	ISHARES MSCI INDIA ETF	73,580	$2.23M	1.4%	$30.31	—	COM	46429B598
—	ISHARES MSCI JAPAN IDX	171,514	$2.197M	1.4%	$11.81	—	COM	464286848
—	ISHARES MSCI TAIWAN INDEX FD	139,000	$2.193M	1.4%	$15.74	—	COM	464286731
ORCL	ORACLE CORP	52,100	$2.1M	1.3%	$28.86	+28.2%	COM	68389X105
—	LIBERTY GLOBAL INC SERIES C	37,000	$1.873M	1.2%	$41.03	—	COM	G5480U120
BRK/B	BERKSHIRE HATHAWAY INC-CL B	12,450	$1.695M	1.1%	$115.63	+23.3%	COM	084670702
MSFT	MICROSOFT CORP	37,800	$1.669M	1.0%	$30.02	+30.9%	COM	594918104
—	AON PLC	16,700	$1.665M	1.0%	$77.33	—	COM	G0408V102
C	CITIGROUP INC	29,300	$1.619M	1.0%	$37.61	+7.8%	COM	172967424
UNH	UNITED HEALTH GROUP INC	10,900	$1.33M	0.8%	$59.09	+68.5%	COM	91324P102
—	TWENTY-FIRST CENTURY FOX - B	38,150	$1.229M	0.8%	$31.59	—	COM	90130A200
AMZN	AMAZON.COM INC	2,800	$1.215M	0.8%	$15.84	+31.9%	COM	023135106
ECL	ECOLAB INC	10,300	$1.165M	0.7%	$90.95	+12.4%	COM	278865100
—	DISH NETWORK CORP - A	16,500	$1.117M	0.7%	$62.70	—	COM	25470M109
—	GOOGLE INC-CL A	2,142	$1.115M	0.7%	$543.08	—	COM	38259P706
—	ALTERA CORP	21,500	$1.101M	0.7%	$41.11	—	COM	021441100
MS	MORGAN STANLEY	27,500	$1.067M	0.7%	$21.86	+29.9%	COM	617446448
VWO	VANGUARD EMERGING MARKET	25,464	$1.041M	0.6%	$40.88	—	COM	922042858
MDLZ	MONDELEZ INTERNATIONAL INC	23,800	$979K	0.6%	$25.52	+20.9%	COM	609207105
—	VALEANT PHARMACEUTICALS INTE	4,100	$911K	0.6%	$126.10	—	COM	91911K102
PEP	PEPSICO INC	9,400	$877K	0.5%	$57.75	+20.0%	COM	713448108
—	NOBLE ENERGY INC.	20,400	$871K	0.5%	$63.97	—	COM	655044105
TFSL	TFS FINANCIAL CORP	49,860	$839K	0.5%	$7.25	+9.0%	COM	87240R107
—	SYNOVUS FINANCIAL CORP	25,505	$786K	0.5%	$24.13	—	COM	87161C501
AIN	ALBANY INTL CORP-CL A	19,500	$776K	0.5%	$31.86	+9.7%	COM	012348108
NPO	ENPRO INDUSTRIES INC	13,225	$757K	0.5%	$68.11	-7.5%	COM	29355X107
JPM	JPMORGAN CHASE & CO	10,900	$739K	0.5%	$41.85	+17.4%	COM	46625H100
SATS	ECHOSTAR CORP-A	14,745	$718K	0.4%	$41.00	-0.2%	COM	278768106
TMO	THERMO FISHER SCIENTIFIC INC	5,400	$701K	0.4%	$95.60	+32.1%	COM	883556102
—	PRAXAIR INC	5,700	$681K	0.4%	$130.02	—	COM	74005P104
—	CORE-MARK HOLDING CO INC	11,492	$681K	0.4%	$53.02	—	COM	218681104
GS	GOLDMAN SACHS GROUP INC	3,200	$668K	0.4%	$128.81	+27.8%	COM	38141G104
BABA	ALIBABA GROUP HOLDING-SP ADR	7,850	$646K	0.4%	$85.19	—	ADR	01609W102
BAC	BANK OF AMERICA CORP	37,900	$645K	0.4%	$13.13	0.0%	COM	060505104
—	AMERICAN CAPITAL LTD	45,145	$612K	0.4%	$14.15	—	COM	02503Y103
WRB	WR BERKLEY CORP	11,600	$602K	0.4%	$9.82	+20.0%	COM	084423102
BR	BROADRIDGE FINANCIAL SOLUTIO	11,585	$579K	0.4%	$33.89	+30.4%	COM	11133T103
—	DIAMOND RESORTS INTERNATIONA	17,705	$559K	0.3%	$32.90	—	COM	25272T104
—	DENNY'S CORPORATION	47,337	$550K	0.3%	$7.03	—	COM	24869P104
CLW	CLEARWATER PAPER CORP	9,563	$548K	0.3%	$65.51	-5.7%	COM	18538R103
—	FOREST CITY ENTERPRISES-CL A	24,140	$533K	0.3%	$19.55	—	COM	345550107
—	CASH AMERICA INTL INC	20,205	$529K	0.3%	$22.85	—	COM	14754D100
—	ATLANTIC TELE-NETWORK INC	7,625	$527K	0.3%	$53.87	—	COM	049079205
—	AIR METHODS CORP	12,120	$501K	0.3%	$52.64	—	COM	009128307
STZ	CONSTELLATION BRANDS INC-A	4,100	$476K	0.3%	$57.22	+76.9%	COM	21036P108
—	GOOGLE INC-CL A	880	$475K	0.3%	$585.01	—	COM	38259P508
—	MFA FINANCIAL INC	62,632	$463K	0.3%	$7.71	—	COM	55272X102
KAI	KADANT INC	9,655	$456K	0.3%	$35.46	+28.3%	COM	48282T104
—	DELTIC TIMBER CORP	6,748	$456K	0.3%	$66.69	—	COM	247850100
AIZ	ASSURANT INC	6,620	$444K	0.3%	$52.24	-0.1%	COM	04621X108
MGRC	MCGRATH RENTCORP	14,155	$431K	0.3%	$35.61	-9.8%	COM	580589109
—	NEENAH PAPER INC	7,285	$430K	0.3%	$53.41	—	COM	640079109
—	INNOPHOS HOLDINGS INC	7,750	$408K	0.3%	$55.26	—	COM	45774N108
CTS	CTS CORP	20,565	$396K	0.2%	$16.53	+5.3%	COM	126501105
—	NORTHSTAR ASSET MANAGEMEN-WI	21,000	$388K	0.2%	$18.41	—	COM	66705Y104
MMM	3M CO	2,500	$386K	0.2%	$72.67	+30.5%	COM	88579Y101
—	RIGNET INC	12,095	$370K	0.2%	$40.47	—	COM	766582100
—	EXTERRAN HOLDINGS INC	11,105	$363K	0.2%	$32.69	—	COM	30225X103
—	DIGITALGLOBE INC	12,420	$345K	0.2%	$28.49	—	COM	25389M877
—	KRAFT FOODS GROUP INC-W/I	3,800	$324K	0.2%	$85.26	—	COM	50076Q106
FSS	FEDERAL SIGNAL CORP	21,670	$323K	0.2%	$13.80	0.0%	COM	313855108
—	STANCORP FINANCIAL GROUP	4,245	$321K	0.2%	$75.62	—	COM	852891100
CATO	CATO CORP-CLASS A	8,195	$318K	0.2%	$17.89	+20.1%	COM	149205106
—	AMERICAN EQUITY INVT LIFE HL	11,735	$317K	0.2%	$22.89	—	COM	025676206
—	TWENTY-FIRST CENTURY FOX INC	9,600	$312K	0.2%	$32.50	—	COM	90130A101
—	DISCOVERY COMMUNICATIONS-A	9,150	$304K	0.2%	$34.49	—	COM	25470F104
—	ORITANI FINANCIAL CORP	18,815	$302K	0.2%	$14.60	—	COM	68633D103
MMS	MAXIMUS INC	4,560	$300K	0.2%	$41.38	+58.1%	COM	577933104
CASY	CASEYS GENERAL STORES INC	3,040	$291K	0.2%	$64.98	+26.6%	COM	147528103
—	MTS SYSTEMS CORP	4,190	$289K	0.2%	$68.26	—	COM	553777103
—	ASCENT CAPITAL GRP INC	6,605	$282K	0.2%	$60.17	—	COM	043632108
—	ANADARKO PETROLEUM CORP	3,300	$258K	0.2%	$84.68	—	COM	032511107
—	CORELOGIC INC	6,485	$257K	0.2%	$27.10	—	COM	21871D103
—	MAIDEN HOLDINGS LTD	15,790	$249K	0.2%	$11.07	—	COM	G5753U112
—	NATIONAL GENERAL HLDGS	11,740	$245K	0.2%	$16.87	—	COM	636220303
CULP	CULP INC	7,905	$245K	0.2%	$14.74	+55.0%	COM	230215105
—	BRISTOW GROUP INC	4,465	$238K	0.1%	$67.25	—	COM	110394103
—	STARZ - LIBERTY CAPITAL	5,178	$232K	0.1%	$33.12	—	COM	85571Q102
RNST	RENASANT CORP	6,520	$213K	0.1%	$30.50	0.0%	COM	75970E107
—	DST SYSTEMS INC	1,625	$205K	0.1%	$126.15	—	COM	233326107
—	CAMPUS CREST COMMUNITIES INC	35,320	$196K	0.1%	$7.26	—	COM	13466Y105
—	DESTINATION MATERNITY CORP	16,299	$190K	0.1%	$15.45	—	COM	25065D100
CFFN	CAPITOL FEDERAL FINANCIAL	13,855	$167K	0.1%	$5.64	+5.5%	COM	14057J101