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
AMAZON COM INC COM 023135106 1,910 4,400 SH   DFND 2 4,400 0 0
AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 9,323 437,500 SH   DFND 1 437,500 0 0
AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 19,034 893,200 SH   DFND 2 0 0 893,200
BAIDU INC SPON ADR REP A 056752108 128,349 644,709 SH   DFND 1 525,080 0 119,629
BAIDU INC SPON ADR REP A 056752108 127,412 640,003 SH   DFND 2 488,203 0 151,800
BECTON DICKINSON & CO COM 075887109 5,921 41,800 SH   DFND 1 26,800 0 15,000
BECTON DICKINSON & CO COM 075887109 11,998 84,700 SH   DFND 2 84,700 0 0
CARMAX INC COM 143130102 530 8,000 SH   DFND 1 0 0 8,000
CAVIUM INC COM 14964U108 39,328 571,538 SH   DFND 1 466,219 0 105,319
CAVIUM INC COM 14964U108 13,703 199,148 SH   DFND 2 98,235 0 100,913
CHINA LIFE INS CO LTD SPON ADR REP H 16939P106 608 27,936 SH   DFND 1 0 0 27,936
CINEMARK HOLDINGS INC COM 17243V102 43,180 1,074,930 SH   DFND 1 857,330 0 217,600
CINEMARK HOLDINGS INC COM 17243V102 18,338 456,500 SH   DFND 2 247,700 0 208,800
COMCAST CORP NEW CL A 20030N101 90,783 1,509,534 SH   DFND 1 1,212,823 0 296,711
COMCAST CORP NEW CL A 20030N101 32,878 546,684 SH   DFND 2 242,837 0 303,847
COSTCO WHSL CORP NEW COM 22160K105 1,621 12,000 SH   DFND 1 0 0 12,000
COSTCO WHSL CORP NEW COM 22160K105 1,756 13,000 SH   DFND 2 13,000 0 0
CRITEO S A SPONS ADS 226718104 5,159 108,220 SH   DFND 2 108,220 0 0
ECOLAB INC COM 278865100 4,319 38,200 SH   DFND 1 25,200 0 13,000
ECOLAB INC COM 278865100 6,513 57,600 SH   DFND 2 57,600 0 0
EMBRAER S A SP ADR REP 4 COM 29082A107 1,166 38,500 SH   DFND 1 0 0 38,500
EMBRAER S A SP ADR REP 4 COM 29082A107 1,899 62,700 SH   DFND 2 62,700 0 0
EQUINIX INC COM PAR $0.001 29444U700 1,270 5,000 SH   DFND 1 0 0 5,000
EQUINIX INC COM PAR $0.001 29444U700 762 3,000 SH   DFND 2 3,000 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 120,426 1,351,730 SH   DFND 1 1,174,090 0 177,640
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 132,635 1,488,780 SH   DFND 2 1,173,300 0 315,480
GOOGLE INC CL A 38259P508 45,793 84,795 SH   DFND 1 68,391 0 16,404
GOOGLE INC CL A 38259P508 17,093 31,652 SH   DFND 2 15,082 0 16,570
GOOGLE INC CL C 38259P706 23,525 45,196 SH   DFND 1 0 0 45,196
GOOGLE INC CL C 38259P706 9,272 17,813 SH   DFND 2 0 0 17,813
HUNT J B TRANS SVCS INC COM 445658107 903 11,000 SH   DFND 2 11,000 0 0
HUNT J B TRANS SVCS INC COM 445658107 985 12,000 SH   DFND 1 0 0 12,000
INFOSYS LTD SPONSORED ADR 456788108 339,985 21,450,144 SH   DFND 1 17,769,520 0 3,680,624
INFOSYS LTD SPONSORED ADR 456788108 295,410 18,637,824 SH   DFND 2 13,775,064 0 4,862,760
INTUIT COM 461202103 1,310 13,000 SH   DFND 1 0 0 13,000
JOHNSON & JOHNSON COM 478160104 44,433 455,910 SH   DFND 1 379,810 0 76,100
JOHNSON & JOHNSON COM 478160104 20,596 211,330 SH   DFND 2 99,230 0 112,100
KANSAS CITY SOUTHERN COM NEW 485170302 1,733 19,000 SH   DFND 2 19,000 0 0
LUXOFT HLDG INC ORD SHS CL A G57279104 7,663 135,500 SH   DFND 2 135,500 0 0
MEDTRONIC PLC SHS G5960L103 29,486 397,920 SH   DFND 2 187,850 0 210,070
MEDTRONIC PLC SHS G5960L103 84,404 1,139,060 SH   DFND 1 919,460 0 219,600
MICROCHIP TECHNOLOGY INC COM 595017104 1,518 32,000 SH   DFND 1 0 0 32,000
MICROCHIP TECHNOLOGY INC COM 595017104 1,138 24,000 SH   DFND 2 24,000 0 0
MICROSOFT CORP COM 594918104 44,120 999,325 SH   DFND 1 830,403 0 168,922
MICROSOFT CORP COM 594918104 17,160 388,680 SH   DFND 2 210,360 0 178,320
NATIONAL OILWELL VARCO INC COM 637071101 966 20,000 SH   DFND 2 20,000 0 0
NETEASE INC SPONSORED ADR 64110W102 256,148 1,768,187 SH   DFND 2 1,372,523 0 395,664
NETEASE INC SPONSORED ADR 64110W102 251,620 1,736,928 SH   DFND 1 1,433,893 0 303,035
NIELSEN N V COM N63218106 1,791 40,000 SH   DFND 2 40,000 0 0
OMNICOM GROUP INC COM 681919106 7,588 109,200 SH   DFND 2 109,200 0 0
ORACLE CORP COM 68389X105 69,287 1,719,271 SH   DFND 1 1,417,257 0 302,014
ORACLE CORP COM 68389X105 25,386 629,923 SH   DFND 2 301,742 0 328,181
PAYCHEX INC COM 704326107 1,360 29,000 SH   DFND 2 29,000 0 0
PRAXAIR INC COM 74005P104 1,793 15,000 SH   DFND 1 0 0 15,000
PRAXAIR INC COM 74005P104 5,631 47,100 SH   DFND 2 47,100 0 0
QUALCOMM INC COM 747525103 1,440 23,000 SH   DFND 2 23,000 0 0
STERICYCLE INC COM 858912108 1,607 12,000 SH   DFND 2 12,000 0 0
STERICYCLE INC COM 858912108 1,071 8,000 SH   DFND 1 0 0 8,000
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 33,901 1,492,766 SH   DFND 2 1,279,946 0 212,820
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 128,922 5,676,904 SH   DFND 1 3,647,830 0 2,029,074
TENARIS S A SPONSORED ADR 88031M109 2,667 98,700 SH   DFND 1 98,700 0 0
TENARIS S A SPONSORED ADR 88031M109 1,754 64,900 SH   DFND 2 64,900 0 0
TORNIER N V SHS N87237108 1,000 40,000 SH   DFND 2 40,000 0 0
TYCO INTL PLC SHS G91442106 35,301 917,380 SH   DFND 1 714,780 0 202,600
TYCO INTL PLC SHS G91442106 14,557 378,300 SH   DFND 2 222,200 0 156,100
UNITED TECHNOLOGIES CORP COM 913017109 1,664 15,000 SH   DFND 1 0 0 15,000
UNITED TECHNOLOGIES CORP COM 913017109 1,442 13,000 SH   DFND 2 13,000 0 0
VERISK ANALYTICS INC COM 92345Y106 2,037 28,000 SH   DFND 1 0 0 28,000
VERISK ANALYTICS INC COM 92345Y106 1,910 26,250 SH   DFND 2 26,250 0 0
VISA INC COM CL A 92826C839 24,738 368,400 SH   DFND 2 190,300 0 178,100
VISA INC COM CL A 92826C839 58,085 865,000 SH   DFND 1 677,300 0 187,700
WAL-MART STORES INC COM 931142103 2,128 30,000 SH   DFND 2 30,000 0 0
WHOLE FOODS MKT INC COM 966837106 1,578 40,000 SH   DFND 1 0 0 40,000
WHOLE FOODS MKT INC COM 966837106 1,065 27,000 SH   DFND 2 27,000 0 0
WUXI PHARMATECH CAYMAN INC SPONS ADR SHS 929352102 24,857 588,200 SH   DFND 1 405,400 0 182,800
WUXI PHARMATECH CAYMAN INC SPONS ADR SHS 929352102 44,854 1,061,380 SH   DFND 2 590,900 0 470,480
YANDEX N V SHS CLASS A N97284108 96,586 6,345,990 SH   DFND 2 5,365,630 0 980,360
YANDEX N V SHS CLASS A N97284108 96,962 6,370,697 SH   DFND 1 5,306,848 0 1,063,849