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
ENSCO PLC SHS CLASS A G3157S106 16,677 286,958 SH   SOLE   7,858 2,000 277,100
MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 347 29,666 SH   SOLE   29,666 0 0
RENAISSANCERE HOLDINGS LTD COM G7496G103 15,540 179,068 SH   SOLE   5,968 1,200 171,900
WEATHERFORD INTERNATIONAL LT REG SHS H27013103 86,120 6,286,213 SH   SOLE   231,013 34,300 6,020,900
TE CONNECTIVITY LTD REG SHS H84989104 40,771 895,306 SH   SOLE   32,929 5,300 857,077
YANDEX N V SHS CLASS A N97284108 210 7,600 SH   SOLE   0 7,600 0
ADVANCE AUTO PARTS INC COM 00751Y106 676 8,326 SH   SOLE   8,326 0 0
APACHE CORP COM 037411105 1,484 17,700 SH   SOLE   17,700 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L104 688 61,500 SH   SOLE   31,300 0 30,200
BP PLC SPONSORED ADR 055622104 1,588 38,066 SH   SOLE   38,066 0 0
BANCO SANTANDER SA ADR 05964H105 663 102,462 SH   SOLE   49,040 0 53,422
BANK NEW YORK MELLON CORP COM 064058100 1,992 71,001 SH   SOLE   71,001 0 0
BARCLAYS PLC ADR 06738E204 658 38,400 SH   SOLE   16,100 0 22,300
CAPITAL ONE FINL CORP COM 14040H105 1,891 30,100 SH   SOLE   30,100 0 0
CITIGROUP INC COM NEW 172967424 1,414 29,481 SH   SOLE   29,481 0 0
COACH INC COM 189754104 1,070 18,750 SH   SOLE   18,750 0 0
CREDIT SUISSE GROUP SPONSORED ADR 225401108 1,690 63,869 SH   SOLE   40,260 0 23,609
DEVRY INC DEL COM 251893103 1,108 35,700 SH   SOLE   35,700 0 0
DOLLAR GEN CORP NEW COM 256677105 1,034 20,500 SH   SOLE   20,500 0 0
GENERAL DYNAMICS CORP COM 369550108 1,264 16,136 SH   SOLE   16,136 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 1,250 8,267 SH   SOLE   8,267 0 0
GUESS INC COM 401617105 1,463 47,151 SH   SOLE   47,151 0 0
KOHLS CORP COM 500255104 2,235 44,243 SH   SOLE   44,243 0 0
L-3 COMMUNICATIONS HLDGS INC COM 502424104 698 8,144 SH   SOLE   8,144 0 0
MICROSOFT CORP COM 594918104 1,427 41,334 SH   SOLE   41,334 0 0
ORACLE CORP COM 68389X105 2,208 71,901 SH   SOLE   71,901 0 0
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 14,415 983,300 SH   SOLE   0 0 983,300
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 12,329 918,805 SH   SOLE   70,105 13,500 835,200
PROCTER & GAMBLE CO COM 742718109 361 4,699 SH   SOLE   4,699 0 0
QUALCOMM INC COM 747525103 2,162 35,400 SH   SOLE   35,400 0 0
ROYAL BK SCOTLAND GROUP PLC SPONS ADR 20 ORD 780097689 570 67,800 SH   SOLE   58,900 0 8,900
ST JUDE MED INC COM 790849103 1,062 23,275 SH   SOLE   23,275 0 0
SOUTHWESTERN ENERGY CO COM 845467109 701 19,174 SH   SOLE   19,174 0 0
STRYKER CORP COM 863667101 673 10,401 SH   SOLE   10,401 0 0
TRW AUTOMOTIVE HLDGS CORP COM 87264S106 1,522 22,902 SH   SOLE   22,902 0 0
ULTRA PETROLEUM CORP COM 903914109 51,810 2,614,046 SH   SOLE   134,841 12,600 2,466,605
WELLPOINT INC COM 94973V107 763 9,330 SH   SOLE   9,330 0 0
WYNN RESORTS LTD COM 983134107 1,331 10,402 SH   SOLE   10,402 0 0