The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
COMPANHIA DE BEBIDAS DAS AME SPON ADR PFD 20441W203 508,112 12,003,595 SH   SOLE NONE 12,003,595 0 0
ANADARKO PETE CORP COM 032511107 1,365,584 15,615,600 SH   SOLE NONE 15,615,600 0 0
YAMANA GOLD INC COM 98462Y100 118,555 7,723,479 SH   SOLE NONE 7,723,479 0 0
BANK OF AMERICA CORPORATION COM 060505104 657,720 54,000,000 SH   SOLE NONE 54,000,000 0 0
CREDICORP LTD COM G2519Y108 370,252 2,229,764 SH   SOLE NONE 2,229,764 0 0
BAIDU INC SPON ADR REP A 056752108 495,790 5,653,254 SH   SOLE NONE 5,653,254 0 0
GRUPO FINANCIERO SANTANDER M SPON ADR SHS B 40053C105 400,164 25,934,170 SH   SOLE NONE 25,934,170 0 0
COMPANHIA BRASILEIRA DE DIST SPN ADR PFD CL A 20440T201 416,976 7,826,134 SH   SOLE NONE 7,826,134 0 0
CELGENE CORP COM 151020104 543,560 4,689,500 SH   SOLE NONE 4,689,500 0 0
CHECK POINT SOFTWARE TECH LT ORD M22465104 350,066 7,449,791 SH   SOLE NONE 7,449,791 0 0
CORE LABORATORIES N V COM N22717107 503,592 3,651,333 SH   SOLE NONE 3,651,333 0 0
CME GROUP INC COM 12572Q105 298,622 4,862,752 SH   SOLE NONE 4,862,752 0 0
ENSCO PLC SHS CLASS A G3157S106 367,694 6,128,237 SH   SOLE NONE 6,128,237 0 0
EATON CORP PLC SHS G29183103 287,477 4,693,500 SH   SOLE NONE 4,693,500 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 121,104 1,066,996 SH   SOLE NONE 1,066,996 0 0
HALLIBURTON CO COM 406216101 646,856 16,007,324 SH   SOLE NONE 16,007,324 0 0
INTERCONTINENTALEXCHANGE INC COM 45865V100 335,917 2,059,958 SH   SOLE NONE 2,059,958 0 0
LAS VEGAS SANDS CORP COM 517834107 821,768 14,583,286 SH   SOLE NONE 14,583,286 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 440,775 6,964,371 SH   SOLE NONE 6,964,371 0 0
MEAD JOHNSON NUTRITION CO COM 582839106 269,688 3,482,093 SH   SOLE NONE 3,482,093 0 0
MORGAN STANLEY COM NEW 617446448 252,770 11,500,000 SH   SOLE NONE 11,500,000 0 0
MICROSOFT CORP COM 594918104 514,175 17,975,000 SH   SOLE NONE 17,975,000 0 0
POTASH CORP SASK INC COM 73755L107 420,603 10,716,000 SH   SOLE NONE 10,716,000 0 0
SCHLUMBERGER LTD COM 806857108 599,891 8,010,296 SH   SOLE NONE 8,010,296 0 0
SILVER WHEATON CORP COM 828336107 104,208 3,324,008 SH   SOLE NONE 3,324,008 0 0
VALERO ENERGY CORP NEW COM 91913Y100 306,451 6,736,675 SH   SOLE NONE 6,736,675 0 0
YUM BRANDS INC COM 988498101 883,921 12,286,922 SH   SOLE NONE 12,286,922 0 0