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
ABBVIE INC COM 00287Y109 966 9,992 SH   DFND   9,992 0 0
ABBVIE INC COM 00287Y109 1,221,542 12,630,976 SH   DFND 1 12,630,976 0 0
AIR PRODS & CHEMS INC COM 009158106 274,642 1,673,832 SH   DFND 1 1,673,832 0 0
ALCOA CORP COM 013872106 106,744 1,981,510 SH   DFND 1 1,981,510 0 0
ALPHABET INC CAP STK CL C 02079K107 587,501 561,450 SH   DFND 1 561,450 0 0
ALPHABET INC CAP STK CL C 02079K107 387 370 SH   DFND   370 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 362 6,072 SH   DFND   6,072 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 527,820 8,859,009 SH   DFND 1 8,859,009 0 0
AMGEN INC COM 031162100 201 1,158 SH   DFND   1,158 0 0
AMGEN INC COM 031162100 51,973 298,868 SH   DFND 1 298,868 0 0
ANTHEM INC COM 036752103 547,252 2,432,125 SH   DFND 1 2,432,125 0 0
APACHE CORP COM 037411105 196 4,633 SH   DFND   4,633 0 0
APACHE CORP COM 037411105 600,047 14,212,396 SH   DFND 1 14,212,396 0 0
ARCONIC INC COM 03965L100 257 9,446 SH   DFND   9,446 0 0
ARCONIC INC COM 03965L100 851,924 31,263,282 SH   DFND 1 31,263,282 0 0
AUTONATION INC COM 05329W102 10,811 210,616 SH   DFND 1 210,616 0 0
BAIDU INC SPON ADR REP A 056752108 400,416 1,709,646 SH   DFND 1 1,709,646 0 0
BANCOLOMBIA S A SPON ADR PREF 05968L102 317 8,002 SH   DFND   8,002 0 0
BARRICK GOLD CORP COM 067901108 175 12,091 SH   DFND   12,091 0 0
BARRICK GOLD CORP COM 067901108 34,119 2,357,943 SH   DFND 1 2,357,943 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 258,972 1,306,490 SH   DFND 1 1,306,490 0 0
BP PLC SPONSORED ADR 055622104 60,373 1,436,418 SH   DFND 1 1,436,418 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 570 9,297 SH   DFND   9,297 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 422,365 6,892,373 SH   DFND 1 6,892,373 0 0
CELGENE CORP COM 151020104 25,663 245,906 SH   DFND 1 245,906 0 0
CHARTER COMMUNICATIONS INC N CL A 16119P108 929,960 2,768,068 SH   DFND 1 2,768,068 0 0
CITIGROUP INC COM NEW 172967424 33,860 455,047 SH   DFND 1 455,047 0 0
COPA HOLDINGS SA CL A P31076105 87,333 651,447 SH   DFND 1 651,447 0 0
DELL TECHNOLOGIES INC COM CL V 24703L103 289,488 3,561,612 SH   DFND 1 3,561,612 0 0
DIAMOND OFFSHORE DRILLING IN COM 25271C102 7,542 405,721 SH   DFND 1 405,721 0 0
DOLLAR GEN CORP NEW COM 256677105 194,984 2,096,376 SH   DFND 1 2,096,376 0 0
DXC TECHNOLOGY CO COM 23355L106 256,802 2,706,032 SH   DFND 1 2,706,032 0 0
ENSCO PLC SHS CLASS A G3157S106 20,226 3,422,263 SH   DFND 1 3,422,263 0 0
GOLAR LNG LTD BERMUDA SHS G9456A100 48,635 1,631,495 SH   DFND 1 1,631,495 0 0
HONDA MOTOR LTD AMERN SHS 438128308 121 3,540 SH   DFND   3,540 0 0
HONDA MOTOR LTD AMERN SHS 438128308 24,599 721,811 SH   DFND 1 721,811 0 0
JD COM INC SPON ADR CL A 47215P106 271 6,533 SH   DFND   6,533 0 0
JD COM INC SPON ADR CL A 47215P106 822,435 19,855,978 SH   DFND 1 19,855,978 0 0
JPMORGAN CHASE & CO COM 46625H100 172 1,605 SH   DFND   1,605 0 0
JPMORGAN CHASE & CO COM 46625H100 40,322 377,056 SH   DFND 1 377,056 0 0
KB FINANCIAL GROUP INC SPONSORED ADR 48241A105 185 3,167 SH   DFND   3,167 0 0
KB FINANCIAL GROUP INC SPONSORED ADR 48241A105 12,692 216,925 SH   DFND 1 216,925 0 0
KOREA ELECTRIC PWR SPONSORED ADR 500631106 237 13,371 SH   DFND   13,371 0 0
KOREA ELECTRIC PWR SPONSORED ADR 500631106 24,292 1,371,631 SH   DFND 1 1,371,631 0 0
LG DISPLAY CO LTD SPONS ADR REP 50186V102 4,936 358,692 SH   DFND 1 358,692 0 0
LIBERTY LATIN AMERICA LTD COM CL C G9001E128 5,570 280,053 SH   DFND 1 280,053 0 0
MERCADOLIBRE INC COM 58733R102 559,340 1,777,601 SH   DFND 1 1,777,601 0 0
MERCADOLIBRE INC COM 58733R102 129 411 SH   DFND   411 0 0
MERCK & CO INC COM 58933Y105 134 2,390 SH   DFND   2,390 0 0
MERCK & CO INC COM 58933Y105 38,115 677,357 SH   DFND 1 677,357 0 0
MOTOROLA SOLUTIONS INC COM NEW 620076307 323 3,572 SH   DFND   3,572 0 0
MOTOROLA SOLUTIONS INC COM NEW 620076307 567,815 6,285,307 SH   DFND 1 6,285,307 0 0
NAVIENT CORPORATION COM 63938C108 70 5,226 SH   DFND   5,226 0 0
NAVIENT CORPORATION COM 63938C108 13,821 1,037,614 SH   DFND 1 1,037,614 0 0
NET 1 UEPS TECHNOLOGIES INC COM NEW 64107N206 93,098 7,829,953 SH   DFND   7,829,953 0 0
NETEASE INC SPONSORED ADR 64110W102 251 726 SH   DFND   726 0 0
NETEASE INC SPONSORED ADR 64110W102 1,421,193 4,118,565 SH   DFND 1 4,118,565 0 0
NIKE INC CL B 654106103 159 2,549 SH   DFND   2,549 0 0
NIKE INC CL B 654106103 559,254 8,940,907 SH   DFND 1 8,940,907 0 0
NOBLE ENERGY INC COM 655044105 132,148 4,534,939 SH   DFND 1 4,534,939 0 0
PAYPAL HLDGS INC COM 70450Y103 314,902 4,277,403 SH   DFND 1 4,277,403 0 0
PEABODY ENERGY CORP NEW COM 704551100 156,312 3,970,343 SH   DFND 1 3,970,343 0 0
PRICELINE GRP INC COM NEW 741503403 203,865 117,316 SH   DFND 1 117,316 0 0
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 489 7,156 SH   DFND   7,156 0 0
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 110,193 1,613,601 SH   DFND 1 1,613,601 0 0
SILVER RUN ACQUISITION *W EXP 03/28/202 82812A111 5,308 3,586,435 SH   DFND 1 3,586,435 0 0
SILVER RUN ACQUISITION COM CL A 82812A103 105,368 10,632,522 SH   DFND 1 10,632,522 0 0
SOHU COM INC COM 83408W103 185,407 4,276,975 SH   DFND 1 4,276,975 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 105,632 854,280 SH   DFND 1 854,280 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 1,061 8,578 SH   DFND   8,578 0 0
SUMITOMO MITSUI FINL GROUP I SPONSORED ADR 86562M209 13,940 1,604,133 SH   DFND 1 1,604,133 0 0
SYMANTEC CORP COM 871503108 174 6,205 SH   DFND   6,205 0 0
SYMANTEC CORP COM 871503108 820,918 29,255,820 SH   DFND 1 29,255,820 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 221 5,580 SH   DFND   5,580 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 53,231 1,342,519 SH   DFND 1 1,342,519 0 0
TEEKAY CORPORATION COM Y8564W103 7,816 838,577 SH   DFND 1 838,577 0 0
TRANSOCEAN LTD REG SHS H8817H100 20,610 1,929,731 SH   DFND 1 1,929,731 0 0
UNITEDHEALTH GROUP INC COM 91324P102 149,178 676,665 SH   DFND 1 676,665 0 0
VALE S A ADR 91912E105 249,964 20,438,611 SH   DFND 1 20,438,611 0 0
WELLS FARGO CO NEW COM 949746101 380 6,259 SH   DFND   6,259 0 0
WELLS FARGO CO NEW COM 949746101 560,212 9,233,756 SH   DFND 1 9,233,756 0 0
XPO LOGISTICS INC COM 983793100 395 4,313 SH   DFND   4,313 0 0
XPO LOGISTICS INC COM 983793100 1,794,442 19,592,121 SH   DFND 1 19,592,121 0 0