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
BUNGE LIMITED COM G16962105 22,362 421,368 SH   SOLE   342,114 0 79,254
BUNGE LIMITED COM G16962105 1,035 19,500 SH   OTR 1 19,500 0 0
CAMPBELL SOUP CO COM 134429109 23,449 614,985 SH   SOLE   482,285 0 132,700
CAMPBELL SOUP CO COM 134429109 808 21,200 SH   OTR 1 21,200 0 0
CHEVRON CORP NEW COM 166764100 270 2,190 SH   SOLE   2,190 0 0
CISCO SYS INC COM 17275R102 30,055 556,685 SH   SOLE   438,054 0 118,631
CISCO SYS INC COM 17275R102 1,134 21,000 SH   OTR 1 21,000 0 0
EBAY INC COM 278642103 14,174 381,641 SH   SOLE   283,441 0 98,200
EBAY INC COM 278642103 743 20,000 SH   OTR 1 20,000 0 0
EXXON MOBIL CORP COM 30231G102 20,741 256,696 SH   SOLE   195,826 0 60,870
EXXON MOBIL CORP COM 30231G102 1,096 13,560 SH   OTR 1 13,560 0 0
ISHARES MSCI COM 464287234 300 6,990 SH   SOLE   6,990 0 0
ISHARES TR COM 464287630 356 2,971 SH   SOLE   2,971 0 0
JOHNSON & JOHNSON COM 478160104 23,151 165,615 SH   SOLE   134,604 0 31,011
JOHNSON & JOHNSON COM 478160104 965 6,900 SH   OTR 1 6,900 0 0
KRATOS DEFENSE & SEC SOLUTIO COM 50077B207 16,154 1,033,517 SH   SOLE   802,475 0 231,042
KRATOS DEFENSE & SEC SOLUTIO COM 50077B207 1,619 103,600 SH   OTR 1 103,600 0 0
MARATHON OIL CORP COM 565849106 217 13,000 SH   SOLE   0 0 13,000
MICRON TECHNOLOGY INC COM 595112103 14,439 349,362 SH   SOLE   263,624 0 85,738
MICRON TECHNOLOGY INC COM 595112103 992 24,000 SH   OTR 1 24,000 0 0
MICROSOFT CORP COM 594918104 19,740 167,371 SH   SOLE   123,174 0 44,197
MICROSOFT CORP COM 594918104 1,297 11,000 SH   OTR 1 11,000 0 0
MOSAIC CO NEW COM 61945C103 10,936 400,423 SH   SOLE   295,670 0 104,753
MOSAIC CO NEW COM 61945C103 546 20,000 SH   OTR 1 20,000 0 0
NOKIA CORP COM 654902204 15,708 2,746,105 SH   SOLE   2,369,110 0 376,995
NOKIA CORP COM 654902204 572 100,000 SH   OTR 1 100,000 0 0
NOVARTIS A G COM 66987V109 25,157 261,673 SH   SOLE   214,660 0 47,013
NOVARTIS A G COM 66987V109 1,149 11,950 SH   OTR 1 11,950 0 0
ORANGE COM 684060106 18,327 1,124,381 SH   SOLE   921,206 0 203,175
ORANGE COM 684060106 654 40,100 SH   OTR 1 40,100 0 0
SANOFI COM 80105N105 20,516 463,316 SH   SOLE   395,975 0 67,341
SANOFI COM 80105N105 886 20,000 SH   OTR 1 20,000 0 0
SEACHANGE INTL INC COM 811699107 186 140,225 SH   SOLE   15,225 0 125,000
SEAWORLD ENTMT INC COM 81282V100 7,315 283,953 SH   SOLE   213,813 0 70,140
SEAWORLD ENTMT INC COM 81282V100 773 30,000 SH   OTR 1 30,000 0 0
SPROTT PHYSICAL GOLD & SILVE COM 85208R101 16,971 1,368,643 SH   SOLE   1,121,913 0 246,730
SPROTT PHYSICAL GOLD & SILVE COM 85208R101 620 50,000 SH   OTR 1 50,000 0 0
SYNAPTICS INC COM 87157D109 12,417 312,374 SH   SOLE   240,367 0 72,007
SYNAPTICS INC COM 87157D109 1,073 27,000 SH   OTR 1 27,000 0 0
TERADYNE INC COM 880770102 4,688 117,675 SH   SOLE   101,255 0 16,420
TERADYNE INC COM 880770102 199 5,000 SH   OTR 1 5,000 0 0
TETRA TECH INC NEW COM 88162G103 25,555 428,841 SH   SOLE   336,648 0 92,193
TETRA TECH INC NEW COM 88162G103 1,013 17,000 SH   OTR 1 17,000 0 0
VODAFONE GROUP PLC NEW COM 92857W308 16,183 890,176 SH   SOLE   723,987 0 166,189
VODAFONE GROUP PLC NEW COM 92857W308 378 20,800 SH   OTR 1 20,800 0 0
WENDYS CO COM 95058W100 25,812 1,442,824 SH   SOLE   1,197,417 0 245,407
WENDYS CO COM 95058W100 1,145 64,000 SH   OTR 1 64,000 0 0