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
Abbott Laboratories COM 002824100 4,979 150,000 SH   DFND 1 150,000 0 0
Abbvie Inc COM 00287Y109 2,684 60,000 SH   DFND 1 60,000 0 0
Accenture Plc COM G1151C101 5,155 70,000 SH   DFND 2 70,000 0 0
Airgas Inc COM 009363102 2,757 26,000 SH   DFND 2 26,000 0 0
Allergan Inc/united States COM 018490102 8,141 90,000 SH   DFND 2 90,000 0 0
Allstate Corp/the COM 020002101 4,802 95,000 SH   DFND 2 95,000 0 0
Altria Group Inc COM 02209S103 2,576 75,000 SH   DFND 1 75,000 0 0
American Capital Agency Corp COM 02503X105 5,304 235,000 SH   DFND 1 235,000 0 0
American Tower Corp COM 03027X100 7,413 100,000 SH   DFND 2 100,000 0 0
Amphenol Corp COM 032095101 2,708 35,000 SH   DFND 2 35,000 0 0
Apache Corp COM 037411105 19,582 230,000 SH   DFND 1 230,000 0 0
Apple Inc COM 037833100 26,221 55,000 SH   DFND 1 55,000 0 0
At&t Inc COM 00206R102 12,513 370,000 SH   DFND 2 370,000 0 0
Baker Hughes Inc COM 057224107 5,401 110,000 SH   DFND 1 110,000 0 0
Bank Of New York Mellon Corp/the COM 064058100 2,657 88,000 SH   DFND 2 88,000 0 0
Baxter International Inc COM 071813109 4,927 75,000 SH   DFND 2 75,000 0 0
Berkshire Hathaway Inc COM 084670702 5,108 45,000 SH   DFND 1 45,000 0 0
Blackrock Inc COM 09247X101 7,577 28,000 SH   DFND 1,2 28,000 0 0
Broadcom Corp COM 111320107 5,202 200,000 SH   DFND 2 200,000 0 0
Carnival Corp COM 143658300 2,220 68,000 SH   DFND 1 68,000 0 0
Caterpillar Inc COM 149123101 5,002 60,000 SH   DFND 2 60,000 0 0
Ch Robinson Worldwide Inc COM 12541W209 9,351 157,000 SH   DFND 1 157,000 0 0
Chevron Corp COM 166764100 7,898 65,000 SH   DFND 2 65,000 0 0
Cisco Systems Inc COM 17275R102 9,485 405,000 SH   DFND 1,2 405,000 0 0
Citigroup Inc COM 172967424 9,945 205,000 SH   DFND 2 205,000 0 0
Clorox Co/the COM 189054109 2,452 30,000 SH   DFND 1 30,000 0 0
Coach Inc COM 189754104 6,544 120,000 SH   DFND 1 120,000 0 0
Coca-cola Co/the COM 191216100 19,129 505,000 SH   DFND 1,2 505,000 0 0
Comcast Corp COM 20030N101 9,030 200,000 SH   DFND 2 200,000 0 0
Conagra Foods Inc COM 205887102 3,489 115,000 SH   DFND 1 115,000 0 0
Covidien Plc COM G2554F113 3,656 60,000 SH   DFND 2 60,000 0 0
Danaher Corp COM 235851102 6,239 90,000 SH   DFND 2 90,000 0 0
Darden Restaurants Inc COM 237194105 10,184 220,000 SH   DFND 1 220,000 0 0
Dick's Sporting Goods Inc COM 253393102 4,004 75,000 SH   DFND 1 75,000 0 0
Duke Energy Corp COM 26441C204 5,009 75,000 SH   DFND 2 75,000 0 0
Eaton Corp Plc COM G29183103 2,754 40,000 SH   DFND 2 40,000 0 0
Ebay Inc COM 278642103 8,090 145,000 SH   DFND 1 145,000 0 0
Eli Lilly & Co COM 532457108 5,033 100,000 SH   DFND 1 100,000 0 0
Emc Corp/ma COM 268648102 9,713 380,000 SH   DFND 1 380,000 0 0
Estee Lauder Cos Inc/the COM 518439104 3,845 55,000 SH   DFND 2 55,000 0 0
Expeditors International Of Washington Inc COM 302130109 4,847 110,000 SH   DFND 1 110,000 0 0
Express Scripts Holding Co COM 30219G108 7,414 120,000 SH   DFND 1 120,000 0 0
Exxon Mobil Corp COM 30231G102 21,940 255,000 SH   DFND 1,2 255,000 0 0
Fastenal Co COM 311900104 3,518 70,000 SH   DFND 2 70,000 0 0
Franklin Resources Inc COM 354613101 8,341 165,000 SH   DFND 2 165,000 0 0
Freeport-mcmoran Copper & Gold Inc COM 35671D857 20,510 620,000 SH   DFND 1,2 620,000 0 0
General Electric Co COM 369604103 15,529 650,000 SH   DFND 2 650,000 0 0
Gilead Sciences Inc COM 375558103 5,027 80,000 SH   DFND 2 80,000 0 0
Goldman Sachs Group Inc/the COM 38141G104 7,119 45,000 SH   DFND 2 45,000 0 0
Google Inc COM 38259P508 17,518 20,000 SH   DFND 1 20,000 0 0
Home Depot Inc/the COM 437076102 5,310 70,000 SH   DFND 1 70,000 0 0
Honeywell International Inc COM 438516106 3,737 45,000 SH   DFND 1 45,000 0 0
Intel Corp COM 458140100 18,565 810,000 SH   DFND 1,2 810,000 0 0
International Business Machines Corp COM 459200101 14,814 80,000 SH   DFND 2 80,000 0 0
Invesco Ltd COM 46127U104 6,061 190,000 SH   DFND 1,2 190,000 0 0
Iron Mountain Inc COM 462846106 7,295 270,000 SH   DFND 1,2 270,000 0 0
Ishares Msci Brazil Capped Etf ETF 464286400 4,312 90,000 SH   DFND 1 90,000 0 0
Ishares Msci Chile Capped Etf ETF 464286640 1,154 23,000 SH   DFND 1 23,000 0 0
Ishares Msci Emerging Markets Etf ETF 464287234 56,466 1,385,000 SH   DFND 1 1,385,000 0 0
Ishares Msci Emerging Markets Etf OPTIONS 464287234 568 13,850 SH Put DFND 3 0 0 13,850
Ishares Msci Taiwan Etf ETF 464286731 4,663 335,000 SH   DFND 1 335,000 0 0
Johnson & Johnson COM 478160104 9,969 115,000 SH   DFND 2 115,000 0 0
Jpmorgan Chase & Co COM 46625H100 15,507 300,000 SH   DFND 2 300,000 0 0
Kimberly-clark Corp COM 494368103 7,538 80,000 SH   DFND 1 80,000 0 0
KKR & CO LP COM 48248M102 2,175 105,700 SH   DFND 1 105,700 0 0
Kraft Foods Group Inc COM 50076Q106 12,586 240,000 SH   DFND 1,2 240,000 0 0
Lorillard Inc COM 544147101 6,045 135,000 SH   DFND 1 135,000 0 0
Macy's Inc COM 55616P104 4,976 115,000 SH   DFND 2 115,000 0 0
Market Vectors Russia Etf ETF 57060U506 2,818 100,000 SH   DFND 1 100,000 0 0
Marriott International Inc/de COM 571903202 5,258 125,000 SH   DFND 2 125,000 0 0
Mcdonald's Corp COM 580135101 7,216 75,000 SH   DFND 2 75,000 0 0
Merck & Co Inc COM 58933Y105 15,949 335,000 SH   DFND 2 335,000 0 0
Metlife Inc COM 59156R108 9,860 210,000 SH   DFND 1 210,000 0 0
Microsoft Corp COM 594918104 24,816 745,000 SH   DFND 1,2 745,000 0 0
Monsanto Co COM 61166W101 5,740 55,000 SH   DFND 2 55,000 0 0
National Oilwell Varco Inc COM 637071101 5,624 72,000 SH   DFND 2 72,000 0 0
Newmont Mining Corp COM 651639106 12,505 445,000 SH   DFND 1,2 445,000 0 0
Noble Corp COM H5833N103 2,455 65,000 SH   DFND 1 65,000 0 0
Nordstrom Inc COM 655664100 4,777 85,000 SH   DFND 2 85,000 0 0
Occidental Petroleum Corp COM 674599105 6,267 67,000 SH   DFND 1 67,000 0 0
Oracle Corp COM 68389X105 13,102 395,000 SH   DFND 1 395,000 0 0
Pepsico Inc COM 713448108 15,105 190,000 SH   DFND 2 190,000 0 0
Petroleo Brasileiro Sa ADR 71654V408 929 60,000 SH   DFND 1 60,000 0 0
PFIZER INC COM 717081103 20,384 710,000 SH   DFND 1,2 710,000 0 0
Philip Morris International Inc COM 718172109 21,648 250,000 SH   DFND 1,2 250,000 0 0
Pnc Financial Services Group Inc/the COM 693475105 2,536 35,000 SH   DFND 1 35,000 0 0
Praxair Inc COM 74005P104 5,409 45,000 SH   DFND 1 45,000 0 0
Precision Castparts Corp COM 740189105 6,817 30,000 SH   DFND 2 30,000 0 0
Procter & Gamble Co/the COM 742718109 9,449 125,000 SH   DFND 2 125,000 0 0
Qualcomm Inc COM 747525103 6,062 90,000 SH   DFND 2 90,000 0 0
Ralph Lauren Corp COM 751212101 2,471 15,000 SH   DFND 1 15,000 0 0
Royal Dutch Shell Plc ADR 780259206 4,926 75,000 SH   DFND 1 75,000 0 0
S&P 500 Index OPTIONS SPX000009 563 150 SH Put DFND 3 0 0 150
S&P 500 Index OPTIONS SPX000009 771 600 SH Put DFND 3 0 0 600
S&P 500 Index OPTIONS SPX000009 2,258 750 SH Put DFND 3 0 0 750
Schlumberger Ltd COM 806857108 8,836 100,000 SH   DFND 1 100,000 0 0
Sysco Corp COM 871829107 3,024 95,000 SH   DFND 2 95,000 0 0
T Rowe Price Group Inc COM 74144T108 9,351 130,000 SH   DFND 1,2 130,000 0 0
Target Corp COM 87612E106 4,799 75,000 SH   DFND 2 75,000 0 0
Tesla Motors Inc OPTIONS 88160R101 23 100 SH Put DFND 3 0 0 100
Tesla Motors Inc OPTIONS 88160R101 4 100 SH Put DFND 3 0 0 100
Teva Pharmaceutical Industries Ltd ADR 881624209 11,712 310,000 SH   DFND 1 310,000 0 0
Texas Instruments Inc COM 882508104 2,819 70,000 SH   DFND 1 70,000 0 0
Thermo Fisher Scientific Inc COM 883556102 5,068 55,000 SH   DFND 2 55,000 0 0
Travelers Cos Inc/the COM 89417E109 5,510 65,000 SH   DFND 2 65,000 0 0
Us Bancorp/mn COM 902973304 4,938 135,000 SH   DFND 1 135,000 0 0
Utilities Select Sector Spdr Fund ETF 81369Y886 17,368 465,000 SH   DFND 2 465,000 0 0
Vale Sa ADR 91912E105 1,171 75,000 SH   DFND 1 75,000 0 0
Verizon Communications Inc COM 92343V104 17,498 375,000 SH   DFND 1,2 375,000 0 0
Visa Inc COM 92826C839 2,867 15,000 SH   DFND 1 15,000 0 0
Wal-mart Stores Inc COM 931142103 4,807 65,000 SH   DFND 2 65,000 0 0
Walt Disney Co/the COM 254687106 7,739 120,000 SH   DFND 2 120,000 0 0
Wells Fargo & Co COM 949746101 12,396 300,000 SH   DFND 2 300,000 0 0
Williams Cos Inc/the COM 969457100 9,635 265,000 SH   DFND 1 265,000 0 0