Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
PBR	PETROLEO BRASILEIRO SA PETRO	1,736,710	$22.84M	10.7%	$13.15	$13.60	-3.3%	SPON ADR	71654V408
FLEX	FLEXTRONICS INTL LTD	2,379,410	$21.99M	10.3%	$9.24 *	$6.11	+14.0%	ORD	Y2573F102
—	AIR TRANSPORT SERVICES GROUP	2,584,782	$20.29M	9.5%	$7.85	$8.08	—	COM	00922R105
MD	MEDNAX INC	300,037	$18.6M	8.7%	$61.98	$53.72	+15.4%	COM	58502B106
AAPL	APPLE INC	33,835	$18.22M	8.5%	$538.46 *	$16.46	+1.8%	COM	037833100
CAR	AVIS BUDGET GROUP INC	195,735	$9.532M	4.5%	$48.70 *	$32.00	+44.6%	COM	053774105
KMX	CARMAX INC	167,755	$7.851M	3.7%	$46.80	$48.34	-3.2%	COM	143130102
NVR	NVR INC	6,031	$6.918M	3.2%	$1147.00	$952.66	+20.4%	COM	62944T105
GLD	SPDR GOLD TRUST	49,111	$6.071M	2.8%	$123.61	$122.80	+0.7%	GOLD SHS	78463V107
NVDA	NVIDIA CORP	267,820	$4.797M	2.2%	$17.91 *	$0.36	+16.5%	COM	67066G104
—	EMC CORP - MASS	168,850	$4.628M	2.2%	$27.41	$25.15	—	COM	268648102
—	HEWLETT PACKARD CO	140,600	$4.55M	2.1%	$32.36	$27.98	—	COM	428236103
GLW	CORNING INC	213,365	$4.442M	2.1%	$20.82 *	$12.05	+27.4%	COM	219350105
TELFY	TELEFONICA S A	260,710	$4.117M	1.9%	$15.79	$16.49	-4.3%	SPON ADR	879382208
JBLU	JETBLUE AIRWAYS CORP	442,190	$3.843M	1.8%	$8.69	$7.98	+8.9%	COM	477143101
TSM	TAIWAN SEMICONDUCTOR MFG LTD	189,410	$3.792M	1.8%	$20.02	$17.76	+12.7%	SPON ADR	874039100
FMX	FOMENTO ECONOMICO MEXICANOS	27,500	$3.273M	1.5%	$119.03 *	$91.97	+1.4%	SPON ADR UNITS	344419106
TBT	PROSHARES TR	47,131	$3.206M	1.5%	$68.02	$74.78	-9.7%	PSHS ULTSH 20YRS	74347B201
FLR	FLUOR CORP NEW	37,665	$2.928M	1.4%	$77.73 *	$67.64	+2.2%	COM	343412102
KOF	COCA COLA FEMSA SAB DE CV	21,235	$2.917M	1.4%	$137.38 *	$104.52	+1.0%	COM	191241108
—	AMERICA MOVIL SAB DE CV	219,554	$2.901M	1.4%	$13.21	$13.61	—	SPON ADR L SHS	02364W105
—	SANDISK CORP	33,445	$2.715M	1.3%	$81.19	$70.54	—	COM	80004C101
—	BARCLAYS BK PLC	90,350	$2.284M	1.1%	$25.28	$24.23	—	ADR 2 PREF 2	06739F390
CX	CEMEX SAB DE CV	162,277	$2.056M	1.0%	$12.67	$12.23	+3.3%	SPON ADR NEW	151290889
—	ROYAL BK SCOTLAND GROUP PLC	78,620	$1.856M	0.9%	$23.60	$22.11	—	ADR PREF SHS Q	780097754
—	NATIONAL BANK OF GREECE S A	97,850	$1.777M	0.8%	$18.16	$18.16	—	ADR PRF SERA	633643507
BAC	BANK OF AMERICA CORPORATION	94,224	$1.625M	0.8%	$17.25 *	$12.74	+6.4%	COM	060505104
C	CITIGROUP INC	26,927	$1.283M	0.6%	$47.66 *	$37.27	-4.9%	COM NEW	172967424
KSS	KOHLS CORP	22,450	$1.275M	0.6%	$56.80	$54.83	+3.6%	COM	500255104
—	PRICELINE COM INC	930	$1.108M	0.5%	$1191.89	$1169.22	—	COM NEW	741503403
META	FACEBOOK INC	17,928	$1.108M	0.5%	$61.82 *	$62.93	-4.9%	COM	30303M102
—	UNITED STATES STEEL CORP	35,400	$980K	0.5%	$27.67	$27.67	—	COM	912909108
GM	GENERAL MOTORS COMPANY	28,069	$965K	0.5%	$34.39 *	$27.43	-5.6%	COM	37045V100
KLIC	KULICKE & SOFFA INDS INC	71,680	$904K	0.4%	$12.61 *	$10.84	+1.4%	COM	501242101
CRUS	CIRRUS LOGIC INC	43,880	$872K	0.4%	$19.87	$19.04	+4.4%	COM	172755100
JNJ	JOHSON & JOHNSON	8,800	$864K	0.4%	$98.23 *	$66.63	+6.4%	COM	478160104
—	AMERICAN CAPITAL AGENCY CORP	37,940	$816K	0.4%	$21.50	$19.83	—	COM	02503X105
—	POWERSHARES QQQ TRUST	8,575	$754K	0.4%	$87.94	$87.82	—	UNIT SER 1	73935A104
—	ATWOOD OCEANICS INC	13,370	$674K	0.3%	$50.39	$50.39	—	COM	050095108
—	GOOGLE INC	592	$665K	0.3%	$1124.11	$1120.71	—	CL A	38259P508
MSFT	MICROSOFT CORP	14,380	$589K	0.3%	$40.99 *	$30.02	+14.2%	COM	594918104
INTC	INTEL CORP	22,690	$586K	0.3%	$25.81 *	$17.92	+8.1%	COM	458140100
—	NATIONAL BK OF GREECE S A	94,930	$531K	0.2%	$5.59	$5.59	—	SPN ADR REP 1 SH	633643705
F	FORD MOTOR CO	33,483	$522K	0.2%	$15.60 *	$8.37	+1.1%	COM	345370860
AIG	AMERICAN INTERNATIONAL GROUP	10,175	$509K	0.2%	$49.99 *	$37.86	+0.7%	COM	026874784
DIS	WALT DISNEY CO	5,970	$483K	0.2%	$80.94 *	$69.69	+3.3%	COM	254687106
—	YOUKU TUDOU INC	16,705	$481K	0.2%	$28.78	$28.78	—	COM	98742U100
KO	COCA COLA COMPANY	11,458	$443K	0.2%	$38.66 *	$26.56	+0.7%	COM NEW	191216100
DXJ	WISDOMTREE JAPAN HEDGED EQUITY	8,710	$412K	0.2%	$47.34 *	$142.88	-0.6%	COM	97717W851
IYF	ISHARES US FINANCIALS ETF	5,000	$409K	0.2%	$81.76 *	$38.52	+6.1%	ETF	464287788
SAP	SAP AG	4,580	$373K	0.2%	$81.55	$79.28	+2.6%	COM	803054204
LULU	LULULEMON ATHLETICA INC	7,041	$372K	0.2%	$52.81	$49.89	+5.4%	COM	550021109
—	PACWEST BANCORP DEL	8,600	$370K	0.2%	$43.01	$42.22	—	COM	695263103
QCOM	QUALCOMM INC	4,405	$347K	0.2%	$78.86 *	$54.02	+5.0%	COM	747525103
WFC	WELLS FARGO & CO	6,937	$345K	0.2%	$49.75 *	$33.41	+7.0%	COM	949746101
SPY	SPDR S&P 500 ETF TRUST	1,818	$340K	0.2%	$187.01	$176.99	+5.7%	TR UNIT	78462F103
YUM	YUM BRANDS INC	4,500	$339K	0.2%	$75.39 *	$42.07	+3.0%	COM	988498101
VALE	VALE S A	24,290	$336K	0.2%	$13.82	$14.83	-6.8%	ADR	91912E105
—	RITE AID CORP	53,200	$334K	0.2%	$6.27	$6.27	—	COM	767754104
COP	CONOCOPHILLIPS	4,300	$303K	0.1%	$70.35 *	$48.40	-0.9%	COM	20825C104
T	AT&T	8,070	$283K	0.1%	$35.07 *	$10.85	+5.6%	COM	00206R102
DG	DOLLAR GENERAL CORPORATION	5,050	$280K	0.1%	$55.48 *	$50.61	-4.7%	COM	256677105
—	RENREN INC	79,352	$260K	0.1%	$3.28	$3.23	—	SPON ADR	759892102
AAL	AMERICAN AIRLINES GROUP INC	6,400	$234K	0.1%	$36.63 *	$32.09	+7.5%	COM	02376R102
—	ROYAL BK SCOTLAND GROUP PLC	10,500	$226K	0.1%	$21.56	$19.63	—	SP ADR L RP PF	780097788
—	MICHAEL KORS HOLDINGS LTD	2,424	$226K	0.1%	$93.27	$93.27	—	COM	G60754101
COST	COSTCO WHSL CORP NEW	2,000	$223K	0.1%	$111.68 *	$95.15	-6.2%	COM	22160K105
—	GENERAL ELECTRIC CO	8,500	$220K	0.1%	$25.89	$25.89	—	COM	369604103
IEV	ISHARES EUROPE ETF	4,375	$211K	0.1%	$48.28	$47.19	+2.3%	ETF	464287861
NFLX	NEXTFLIX COM INC	600	$211K	0.1%	$352.03 *	$5.73	-12.2%	COM	64110L106
—	ETFS GOLD TR	1,609	$203K	0.1%	$126.07	$126.07	—	ETF	26922Y105
BBVA	BANCO BILBAO VIZCAYA ARGENTA	16,677	$201K	0.1%	$12.04	$11.88	+1.1%	SPON ADR	05946K101