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
3M CO. COM 88579Y101 161,530 1,140,102 SH   SOLE   1,140,102 0 0
ABBOTT LABORATORIES COM 002824100 118,098 2,839,571 SH   SOLE   2,839,571 0 0
ABBVIE INC COM 00287Y109 186,614 3,230,854 SH   SOLE   3,230,854 0 0
ACCENTURE PLC CL-A COM G1151C101 93,742 1,152,752 SH   SOLE   1,152,752 0 0
ACE LIMITED COM H0023R105 64,662 616,592 SH   SOLE   616,592 0 0
ACTAVIS PLC COM G0083B108 173,715 719,973 SH   SOLE   719,973 0 0
ACTIVISION BLIZZARD COM 00507V109 19,059 916,754 SH   SOLE   916,754 0 0
ADOBE SYSTEMS INC. COM 00724F101 58,587 846,752 SH   SOLE   846,752 0 0
ADVANCE AUTO PARTS COM 00751Y106 17,629 135,292 SH   SOLE   135,292 0 0
ADVANCED SEMI (ADR) ADR 00756M404 2,432 411,490 SH   SOLE   411,490 0 0
AES CORPORATION COM 00130H105 17,760 1,252,442 SH   SOLE   1,252,442 0 0
AETNA INC-NEW COM 00817Y108 66,983 826,947 SH   SOLE   826,947 0 0
AFFILIATED MANAGERS COM 008252108 24,666 123,109 SH   SOLE   123,109 0 0
AFLAC INC. COM 001055102 48,693 835,932 SH   SOLE   835,932 0 0
AGCO CORPORATION COM 001084102 7,164 157,584 SH   SOLE   157,584 0 0
AGILENT TECHNOLOGIES COM 00846U101 57,854 1,015,332 SH   SOLE   1,015,332 0 0
AIR PRODUCTS & CHEM. COM 009158106 50,220 385,770 SH   SOLE   385,770 0 0
AIRGAS INC. COM 009363102 13,415 121,240 SH   SOLE   121,240 0 0
AKAMAI TECHNOLOGIES COM 00971T101 19,289 322,562 SH   SOLE   322,562 0 0
ALBEMARLE CORP COM 012653101 8,351 141,781 SH   SOLE   141,781 0 0
ALCOA INC. COM 013817101 34,153 2,122,629 SH   SOLE   2,122,629 0 0
ALEXION PHARMACEUTIC COM 015351109 60,522 364,989 SH   SOLE   364,989 0 0
ALLEGHANY CORP COM 017175100 15,654 37,437 SH   SOLE   37,437 0 0
ALLERGAN INC. COM 018490102 95,506 535,976 SH   SOLE   535,976 0 0
ALLIANCE DATA SYSTEM COM 018581108 24,141 97,236 SH   SOLE   97,236 0 0
ALLIANT ENERGY CORP COM 018802108 11,431 206,293 SH   SOLE   206,293 0 0
ALLSTATE CORP COM 020002101 48,827 795,617 SH   SOLE   795,617 0 0
ALLY FINANCIAL INC COM 02005N100 13,102 566,202 SH   SOLE   566,202 0 0
ALTERA CORPORATION COM 021441100 21,481 600,350 SH   SOLE   600,350 0 0
ALTRIA GROUP INC COM 02209S103 171,942 3,742,750 SH   SOLE   3,742,750 0 0
AMAZON.COM INC. COM 023135106 323,263 1,002,551 SH   SOLE   1,002,551 0 0
AMBEV SA-SPN(ADR) ADR 02319V103 1,988 303,500 SH   SOLE   303,500 0 0
AMEREN CORPORATION COM 023608102 17,094 445,979 SH   SOLE   445,979 0 0
AMERICA MOVIL(ADR)-L ADR 02364W105 9,372 371,900 SH   SOLE   371,900 0 0
AMERICAN AIRLINES GR COM 02376R102 11,329 319,306 SH   SOLE   319,306 0 0
AMERICAN CAP AGENCY COM 02503X105 13,583 639,177 SH   SOLE   639,177 0 0
AMERICAN ELECTRIC PO COM 025537101 49,860 954,999 SH   SOLE   954,999 0 0
AMERICAN EXPRESS CO. COM 025816109 221,350 2,528,558 SH   SOLE   2,528,558 0 0
AMERICAN INTL GROUP COM 026874784 149,498 2,767,453 SH   SOLE   2,767,453 0 0
AMERICAN REALTY CAP COM 02917T104 19,342 1,603,818 SH   SOLE   1,603,818 0 0
AMERICAN TOWER CORP COM 03027X100 74,629 797,064 SH   SOLE   797,064 0 0
AMERICAN WATER WORKS COM 030420103 24,431 506,545 SH   SOLE   506,545 0 0
AMERIPRISE FINANCIAL COM 03076C106 47,316 383,498 SH   SOLE   383,498 0 0
AMERISOURCEBERGEN COM 03073E105 42,032 543,754 SH   SOLE   543,754 0 0
AMETEK INC. COM 031100100 22,655 451,214 SH   SOLE   451,214 0 0
AMGEN COM 031162100 199,150 1,417,840 SH   SOLE   1,417,840 0 0
AMPHENOL CORP 'A' COM 032095101 28,636 286,765 SH   SOLE   286,765 0 0
ANADARKO PETROLEUM COM 032511107 92,483 911,699 SH   SOLE   911,699 0 0
ANALOG DEVICES INC COM 032654105 27,988 565,521 SH   SOLE   565,521 0 0
ANNALY CAPITAL MGMT COM 035710409 19,069 1,785,477 SH   SOLE   1,785,477 0 0
ANSYS INC. COM 03662Q105 12,722 168,125 SH   SOLE   168,125 0 0
ANTERO RESOURCES COR COM 03674X106 5,366 97,756 SH   SOLE   97,756 0 0
AON PLC COM G0408V102 44,504 507,629 SH   SOLE   507,629 0 0
APACHE CORPORATION COM 037411105 136,811 1,457,448 SH   SOLE   1,457,448 0 0
APPLE INC COM 037833100 1,279,358 12,698,345 SH   SOLE   12,698,345 0 0
APPLIED MATERIALS COM 038222105 57,264 2,649,879 SH   SOLE   2,649,879 0 0
ARCH CAPITAL GRP LTD COM G0450A105 19,816 362,130 SH   SOLE   362,130 0 0
ARCHER DANIELS MDLND COM 039483102 75,576 1,478,987 SH   SOLE   1,478,987 0 0
ARCOS DORADOS COM G0457F107 2,871 480,100 SH   SOLE   480,100 0 0
ARROW ELECTRONICS COM 042735100 10,344 186,880 SH   SOLE   186,880 0 0
ASHLAND INC. COM 044209104 13,979 134,288 SH   SOLE   134,288 0 0
ASSURANT INC COM 04621X108 8,401 130,646 SH   SOLE   130,646 0 0
AT & T INC. COM 00206R102 362,740 10,293,427 SH   SOLE   10,293,427 0 0
ATWOOD OCEANICS INC COM 050095108 3,762 86,100 SH   SOLE   86,100 0 0
AU OPTRONICS CO(ADR) ADR 002255107 522 125,400 SH   SOLE   125,400 0 0
AUTODESK INC. COM 052769106 22,763 413,129 SH   SOLE   413,129 0 0
AUTOLIV INC. COM 052800109 15,772 171,580 SH   SOLE   171,580 0 0
AUTOMATIC DATA PROCE COM 053015103 116,243 1,399,174 SH   SOLE   1,399,174 0 0
AUTONATION INC. COM 05329W102 7,039 139,922 SH   SOLE   139,922 0 0
AUTOZONE INC COM 053332102 34,348 67,393 SH   SOLE   67,393 0 0
AVAGO TECHNOLOGIES COM Y0486S104 49,766 572,025 SH   SOLE   572,025 0 0
AVALONBAY COMM. INC. COM 053484101 34,461 244,455 SH   SOLE   244,455 0 0
AVERY-DENNISON CORP COM 053611109 7,769 173,993 SH   SOLE   173,993 0 0
AVNET INC COM 053807103 14,015 337,701 SH   SOLE   337,701 0 0
AVON PRODUCTS COM 054303102 9,764 774,936 SH   SOLE   774,936 0 0
AXIS CAPITAL HLDGS. COM G0692U109 9,344 197,427 SH   SOLE   197,427 0 0
B/E AEROSPACE INC. COM 073302101 35,808 426,595 SH   SOLE   426,595 0 0
BAIDU INC.(ADR) ADR 056752108 97,719 447,780 SH   SOLE   447,780 0 0
BAKER HUGHES INC. COM 057224107 51,803 796,241 SH   SOLE   796,241 0 0
BALL CORPORATION COM 058498106 15,454 244,252 SH   SOLE   244,252 0 0
BANCO BRADESCO (ADR) ADR 059460303 1,823 127,910 SH   SOLE   127,910 0 0
BANCO DE CHILE (ADR) ADR 059520106 1,935 26,154 SH   SOLE   26,154 0 0
BANCO SANT (ADS) ADR 05967A107 1,291 197,400 SH   SOLE   197,400 0 0
BANCO SANT.CHILE(ADR ADR 05965X109 1,800 81,502 SH   SOLE   81,502 0 0
BANCOLOMBIA SA (ADR) ADR 05968L102 930 16,400 SH   SOLE   16,400 0 0
BANK OF AMERICA CORP COM 060505104 343,009 20,117,824 SH   SOLE   20,117,824 0 0
BANK OF NY MELLON CO COM 064058100 99,988 2,581,678 SH   SOLE   2,581,678 0 0
BARCLAYS ETN+ DYN VEQTORTM ETF 06740C337 129,084 855,200 SH   SOLE   855,200 0 0
BARD C.R. INC COM 067383109 21,754 152,437 SH   SOLE   152,437 0 0
BAXTER INTERNATIONAL COM 071813109 101,449 1,413,525 SH   SOLE   1,413,525 0 0
BB & T CORP. COM 054937107 48,750 1,310,132 SH   SOLE   1,310,132 0 0
BECTON DICKINSON & COM 075887109 43,434 381,636 SH   SOLE   381,636 0 0
BED BATH & BEYOND COM 075896100 24,841 377,354 SH   SOLE   377,354 0 0
BERKLEY (WR) CORP COM 084423102 12,326 257,871 SH   SOLE   257,871 0 0
BERKSHIRE HATHAWAY'A COM 084670108 2,897 14 SH   SOLE   14 0 0
BERKSHIRE HATHAWAY'B COM 084670702 350,433 2,536,796 SH   SOLE   2,536,796 0 0
BEST BUY COMPANY INC COM 086516101 18,256 543,491 SH   SOLE   543,491 0 0
BIOGEN IDEC INC COM 09062X103 141,367 427,337 SH   SOLE   427,337 0 0
BIOMARIN PHARM. INC. COM 09061G101 18,621 258,048 SH   SOLE   258,048 0 0
BLACKROCK INC. COM 09247X101 79,236 241,337 SH   SOLE   241,337 0 0
BLOCK (H&R) COM 093671105 15,485 499,357 SH   SOLE   499,357 0 0
BOEING CO. COM 097023105 167,702 1,316,546 SH   SOLE   1,316,546 0 0
BORGWARNER INC COM 099724106 21,530 409,242 SH   SOLE   409,242 0 0
BOSTON PROPERTIES COM 101121101 31,982 276,278 SH   SOLE   276,278 0 0
BOSTON SCIENTIFIC COM 101137107 28,420 2,406,468 SH   SOLE   2,406,468 0 0
BRASKEM S.A.(ADR) ADR 105532105 211 16,000 SH   SOLE   16,000 0 0
BRF SA (ADR) ADR 10552T107 2,595 109,100 SH   SOLE   109,100 0 0
BRISTOL MYERS SQUIBB COM 110122108 167,776 3,278,153 SH   SOLE   3,278,153 0 0
BROADCOM CORP-CL'A' COM 111320107 47,278 1,169,664 SH   SOLE   1,169,664 0 0
BROWN-FORMAN -CL B COM 115637209 55,535 615,548 SH   SOLE   615,548 0 0
BUNGE LIMITED COM G16962105 27,851 330,658 SH   SOLE   330,658 0 0
C.H. ROBINSON WORLDW COM 12541W209 41,422 624,581 SH   SOLE   624,581 0 0
CA INC. COM 12673P105 17,908 640,931 SH   SOLE   640,931 0 0
CABLEVISION SYS.NY-A COM 12686C109 6,079 347,187 SH   SOLE   347,187 0 0
CABOT OIL & GAS CO.A COM 127097103 25,041 766,001 SH   SOLE   766,001 0 0
CALPINE CORPORATION COM 131347304 14,338 660,758 SH   SOLE   660,758 0 0
CAMDEN PROPERTY TRUS COM 133131102 10,624 155,032 SH   SOLE   155,032 0 0
CAMERON INTERNATL CO COM 13342B105 30,770 463,550 SH   SOLE   463,550 0 0
CAMPBELL SOUP COM 134429109 15,980 373,985 SH   SOLE   373,985 0 0
CAPITAL ONE FINANCIA COM 14040H105 123,742 1,516,072 SH   SOLE   1,516,072 0 0
CARDINAL HEALTH INC. COM 14149Y108 56,087 748,624 SH   SOLE   748,624 0 0
CAREFUSION CORP COM 14170T101 17,046 376,703 SH   SOLE   376,703 0 0
CARMAX INC COM 143130102 60,249 1,297,064 SH   SOLE   1,297,064 0 0
CARNIVAL CORP COM 143658300 28,335 705,367 SH   SOLE   705,367 0 0
CATERPILLAR COM 149123101 106,487 1,075,300 SH   SOLE   1,075,300 0 0
CBRE GROUP INC-A COM 12504L109 16,857 566,800 SH   SOLE   566,800 0 0
CBS CORP.CLASS-B COM 124857202 56,090 1,048,416 SH   SOLE   1,048,416 0 0
CELANESE CORP-A COM 150870103 20,522 350,685 SH   SOLE   350,685 0 0
CELGENE CORP. COM 151020104 144,335 1,522,844 SH   SOLE   1,522,844 0 0
CEMEX SAB(ADR)PART ADR 151290889 2,464 188,939 SH   SOLE   188,939 0 0
CEMIG (ADR) ADR 204409601 908 145,673 SH   SOLE   145,673 0 0
CENTERPOINT ENERGY COM 15189T107 22,265 909,881 SH   SOLE   909,881 0 0
CENTURYLINK INC. COM 156700106 52,935 1,294,580 SH   SOLE   1,294,580 0 0
CERNER CORPORATION COM 156782104 33,003 554,026 SH   SOLE   554,026 0 0
CF INDUSTRIES HOLDIN COM 125269100 26,736 95,754 SH   SOLE   95,754 0 0
CHARTER COMM.-A COM 16117M305 20,879 137,931 SH   SOLE   137,931 0 0
CHECK POINT SOFTWARE COM M22465104 210 3,029 SH   SOLE   3,029 0 0
CHENIERE ENERGY INC COM 16411R208 32,485 405,907 SH   SOLE   405,907 0 0
CHESAPEAKE ENERGY CO COM 165167107 22,603 983,185 SH   SOLE   983,185 0 0
CHEVRON CORP COM 166764100 443,126 3,713,759 SH   SOLE   3,713,759 0 0
CHICAGO BRIDGE & IRN COM 167250109 25,281 437,011 SH   SOLE   437,011 0 0
CHIPOTLE MEXICAN COM 169656105 37,178 55,774 SH   SOLE   55,774 0 0
CHUBB CORP. COM 171232101 45,715 501,922 SH   SOLE   501,922 0 0
CHUNGHWA TELECOM(ADR ADR 17133Q502 6,695 223,400 SH   SOLE   223,400 0 0
CHURCH & DWIGHT CO. COM 171340102 20,699 295,028 SH   SOLE   295,028 0 0
CIA BRASI(ADR)(PFD ADR 20440T201 1,670 38,300 SH   SOLE   38,300 0 0
CIA CERVECERIAS(ADR) ADR 204429104 3,368 152,900 SH   SOLE   152,900 0 0
CIA SANEAMENTO (ADR) ADR 20441A102 575 70,900 SH   SOLE   70,900 0 0
CIA SIDERURGICA(ADR) ADR 20440W105 463 130,400 SH   SOLE   130,400 0 0
CIGNA CORP. COM 125509109 43,989 485,050 SH   SOLE   485,050 0 0
CIMAREX ENERGY CO COM 171798101 19,805 156,528 SH   SOLE   156,528 0 0
CINCINNATI FINANCIAL COM 172062101 14,076 299,174 SH   SOLE   299,174 0 0
CINTAS CORP. COM 172908105 12,946 183,403 SH   SOLE   183,403 0 0
CISCO SYSTEMS INC COM 17275R102 241,865 9,609,269 SH   SOLE   9,609,269 0 0
CIT GROUP INC. COM 125581801 51,942 1,130,159 SH   SOLE   1,130,159 0 0
CITIGROUP INC. COM 172967424 363,559 7,015,810 SH   SOLE   7,015,810 0 0
CITRIX SYSTEMS INC. COM 177376100 21,054 295,117 SH   SOLE   295,117 0 0
CLOROX COMPANY COM 189054109 24,640 256,561 SH   SOLE   256,561 0 0
CME GROUP INC. COM 12572Q105 46,258 578,556 SH   SOLE   578,556 0 0
CMS ENERGY CORP COM 125896100 18,017 607,436 SH   SOLE   607,436 0 0
COACH INC. COM 189754104 18,827 528,699 SH   SOLE   528,699 0 0
COBALT INTL ENERGY COM 19075F106 7,203 529,610 SH   SOLE   529,610 0 0
COCA-COLA COMPANY COM 191216100 320,017 7,501,561 SH   SOLE   7,501,561 0 0
COCA-COLA ENTERPRISE COM 19122T109 19,521 440,055 SH   SOLE   440,055 0 0
COCA-COLA FEMSA(ADR) ADR 191241108 4,281 42,500 SH   SOLE   42,500 0 0
COGNIZANT TECH CL-A COM 192446102 50,159 1,120,381 SH   SOLE   1,120,381 0 0
COLGATE PALMOLIVE COM 194162103 157,681 2,417,674 SH   SOLE   2,417,674 0 0
COMCAST CORP CL-A COM 20030N101 228,795 4,254,272 SH   SOLE   4,254,272 0 0
COMCAST CORP SP CL-A COM 20030N200 82,855 1,548,697 SH   SOLE   1,548,697 0 0
COMERICA INC COM 200340107 16,198 324,871 SH   SOLE   324,871 0 0
COMPUTER SCIENCES COM 205363104 15,963 261,050 SH   SOLE   261,050 0 0
CONAGRA FOODS INC COM 205887102 29,195 883,615 SH   SOLE   883,615 0 0
CONCHO RESOURCES INC COM 20605P101 25,079 200,011 SH   SOLE   200,011 0 0
CONOCOPHILLIPS COM 20825C104 185,640 2,426,035 SH   SOLE   2,426,035 0 0
CONSOL ENERGY INC. COM 20854P109 15,560 410,995 SH   SOLE   410,995 0 0
CONSOLIDATED EDISON COM 209115104 38,369 677,185 SH   SOLE   677,185 0 0
CONSTELLATION BRND-A COM 21036P108 26,538 304,469 SH   SOLE   304,469 0 0
CONTINENTAL RESOURCE COM 212015101 11,130 167,413 SH   SOLE   167,413 0 0
COPEL (ADR) ADR 20441B407 310 22,700 SH   SOLE   22,700 0 0
CORE LABORATORIES COM N22717107 11,648 79,591 SH   SOLE   79,591 0 0
CORNING INC. COM 219350105 46,931 2,426,628 SH   SOLE   2,426,628 0 0
COSTCO WHOLESALE CO. COM 22160K105 103,743 827,822 SH   SOLE   827,822 0 0
COVIDIEN PLC COM G2554F113 72,055 832,915 SH   SOLE   832,915 0 0
CPFL ENERGIA SA(ADR) ADR 126153105 306 19,700 SH   SOLE   19,700 0 0
CREDICORP LIMITED COM G2519Y108 12,578 82,000 SH   SOLE   82,000 0 0
CREE INC. COM 225447101 8,882 216,891 SH   SOLE   216,891 0 0
CROWN CASTLE INTL CO COM 228227104 50,746 630,150 SH   SOLE   630,150 0 0
CROWN HOLDINGS INC COM 228368106 11,022 247,572 SH   SOLE   247,572 0 0
CSX COM 126408103 58,477 1,823,974 SH   SOLE   1,823,974 0 0
CTRIP.COM INTL (ADR) ADR 22943F100 21,926 386,300 SH   SOLE   386,300 0 0
CUMMINS INC COM 231021106 46,170 349,825 SH   SOLE   349,825 0 0
CVS HEALTH CORPORATI COM 126650100 188,870 2,373,031 SH   SOLE   2,373,031 0 0
D.R. HORTON INC. COM 23331A109 10,905 531,438 SH   SOLE   531,438 0 0
DANAHER CORP COM 235851102 86,617 1,139,997 SH   SOLE   1,139,997 0 0
DARDEN RESTAURANTS COM 237194105 12,466 242,241 SH   SOLE   242,241 0 0
DAVITA HEALTHCARE COM 23918K108 23,911 326,917 SH   SOLE   326,917 0 0
DEERE & CO. COM 244199105 52,815 644,158 SH   SOLE   644,158 0 0
DELPHI AUTOMOTIVE COM G27823106 34,030 554,772 SH   SOLE   554,772 0 0
DELTA AIR LINES INC COM 247361702 14,394 398,175 SH   SOLE   398,175 0 0
DELUXE CORPORATION COM 248019101 15,028 272,450 SH   SOLE   272,450 0 0
DENBURY RESOURCES COM 247916208 9,504 632,331 SH   SOLE   632,331 0 0
DENTSPLY INTL INC. COM 249030107 12,140 266,224 SH   SOLE   266,224 0 0
DEVON ENERGY CORP. COM 25179M103 62,211 912,447 SH   SOLE   912,447 0 0
DIAMOND OFFSHORE COM 25271C102 4,317 125,975 SH   SOLE   125,975 0 0
DICK'S SPORTING GDS COM 253393102 7,720 175,938 SH   SOLE   175,938 0 0
DIGITAL REALTY TRUST COM 253868103 15,282 244,983 SH   SOLE   244,983 0 0
DIRECTV COM 25490A309 75,145 868,525 SH   SOLE   868,525 0 0
DISCOVER FINANCIAL COM 254709108 72,017 1,118,456 SH   SOLE   1,118,456 0 0
DISCOVERY COMMU CL-A COM 25470F104 12,003 317,533 SH   SOLE   317,533 0 0
DISCOVERY COMMU CL-C COM 25470F302 22,001 590,150 SH   SOLE   590,150 0 0
DISH NETWORK CORP-A COM 25470M109 25,724 398,320 SH   SOLE   398,320 0 0
DOLBY LABORATO.-CL A COM 25659T107 14,487 346,670 SH   SOLE   346,670 0 0
DOLLAR GENERAL CORP COM 256677105 36,897 603,775 SH   SOLE   603,775 0 0
DOLLAR TREE INC COM 256746108 21,503 383,510 SH   SOLE   383,510 0 0
DOMINION RESOURCES COM 25746U109 81,296 1,176,672 SH   SOLE   1,176,672 0 0
DONALDSON COMPANY COM 257651109 34,662 853,122 SH   SOLE   853,122 0 0
DONNELLEY & SONS CO. COM 257867101 13,020 791,000 SH   SOLE   791,000 0 0
DOVER CORP COM 260003108 24,571 305,881 SH   SOLE   305,881 0 0
DOW CHEMICAL COM 260543103 114,873 2,190,561 SH   SOLE   2,190,561 0 0
DR PEPPER SNAPPLE COM 26138E109 26,026 404,691 SH   SOLE   404,691 0 0
DR. REDDY'S LAB(ADR) ADR 256135203 3,500 66,600 SH   SOLE   66,600 0 0
DTE ENERGY COMPANY COM 233331107 25,251 331,896 SH   SOLE   331,896 0 0
DU PONT (E.I.) COM 263534109 126,052 1,756,584 SH   SOLE   1,756,584 0 0
DUKE ENERGY CORP. COM 26441C204 123,276 1,648,731 SH   SOLE   1,648,731 0 0
DUKE REALTY CORP COM 264411505 10,464 609,055 SH   SOLE   609,055 0 0
DUN & BRADSTREET COM 26483E100 7,768 66,129 SH   SOLE   66,129 0 0
EASTMAN CHEMICAL COM 277432100 22,089 273,073 SH   SOLE   273,073 0 0
EATON CORP PLC COM G29183103 110,651 1,746,106 SH   SOLE   1,746,106 0 0
EATON VANCE CORP COM 278265103 8,038 213,035 SH   SOLE   213,035 0 0
EBAY INC COM 278642103 176,276 3,112,759 SH   SOLE   3,112,759 0 0
ECOLAB INC COM 278865100 60,248 524,668 SH   SOLE   524,668 0 0
EDISON INTERNATIONAL COM 281020107 31,897 570,397 SH   SOLE   570,397 0 0
EDWARDS LIFESCIENCES COM 28176E108 19,630 192,167 SH   SOLE   192,167 0 0
ELECTRONIC ARTS COM 285512109 20,414 573,256 SH   SOLE   573,256 0 0
ELETROBRAS-ADR C ADR 15234Q207 266 98,500 SH   SOLE   98,500 0 0
ELETROBRAS-ADR P ADR 15234Q108 78 18,700 SH   SOLE   18,700 0 0
EMBRAER SA (ADR) ADR 29082A107 4,291 109,400 SH   SOLE   109,400 0 0
EMC CORP-MASS COM 268648102 157,524 5,383,598 SH   SOLE   5,383,598 0 0
EMERSON ELECTRIC COM 291011104 81,103 1,295,984 SH   SOLE   1,295,984 0 0
EMPRESA NAC ELEC(ADR ADR 29244T101 1,969 44,800 SH   SOLE   44,800 0 0
ENDO INTERNATIONAL P COM G30401106 17,813 260,657 SH   SOLE   260,657 0 0
ENERGEN CORP COM 29265N108 9,518 131,752 SH   SOLE   131,752 0 0
ENERGIZER HOLDINGS COM 29266R108 13,901 112,823 SH   SOLE   112,823 0 0
ENERSIS S.A. (ADR) ADR 29274F104 2,441 154,700 SH   SOLE   154,700 0 0
ENSCO PLC CL-A COM G3157S106 43,579 1,054,925 SH   SOLE   1,054,925 0 0
ENTERGY CORP NEW COM 29364G103 29,596 382,725 SH   SOLE   382,725 0 0
EOG RESOURCES INC. COM 26875P101 181,691 1,834,894 SH   SOLE   1,834,894 0 0
EQT CORPORATION COM 26884L109 25,579 279,429 SH   SOLE   279,429 0 0
EQUIFAX INC. COM 294429105 16,398 219,395 SH   SOLE   219,395 0 0
EQUINIX INC COM 29444U502 19,133 90,044 SH   SOLE   90,044 0 0
EQUITY RESIDENTIAL COM 29476L107 38,148 619,491 SH   SOLE   619,491 0 0
ESSEX PROPERTY TRUST COM 297178105 20,156 112,761 SH   SOLE   112,761 0 0
ESTEE LAUDER CO.CL-A COM 518439104 34,284 458,835 SH   SOLE   458,835 0 0
EVEREST RE GROUP LTD COM G3223R108 21,471 132,528 SH   SOLE   132,528 0 0
EXELON CORPORATION COM 30161N101 55,030 1,614,247 SH   SOLE   1,614,247 0 0
EXPEDIA INC. COM 30212P303 16,474 188,019 SH   SOLE   188,019 0 0
EXPEDITORS INTL WASH COM 302130109 35,861 883,717 SH   SOLE   883,717 0 0
EXPRESS SCRIPTS HOLD COM 30219G108 149,449 2,115,945 SH   SOLE   2,115,945 0 0
EXXON MOBIL CORP. COM 30231G102 815,834 8,674,472 SH   SOLE   8,674,472 0 0
F M C CORP COM 302491303 14,943 261,294 SH   SOLE   261,294 0 0
F5 NETWORKS INC. COM 315616102 16,405 138,157 SH   SOLE   138,157 0 0
FACEBOOK INC-A COM 30303M102 335,404 4,243,469 SH   SOLE   4,243,469 0 0
FAMILY DOLLAR STORES COM 307000109 16,525 213,943 SH   SOLE   213,943 0 0
FASTENAL COMPANY COM 311900104 57,532 1,281,329 SH   SOLE   1,281,329 0 0
FEDERAL REALTY INVT COM 313747206 16,925 142,878 SH   SOLE   142,878 0 0
FEDEX CORPORATION COM 31428X106 82,618 511,728 SH   SOLE   511,728 0 0
FIBRIA CEL SA (ADR) ADR 31573A109 518 47,111 SH   SOLE   47,111 0 0
FIDELITY NATIONAL IN COM 31620M106 30,533 542,324 SH   SOLE   542,324 0 0
FIFTH THIRD BANCORP COM 316773100 31,296 1,563,220 SH   SOLE   1,563,220 0 0
FIREEYE INC COM 31816Q101 3,621 118,474 SH   SOLE   118,474 0 0
FIRST REPUBLIC BANK COM 33616C100 100,593 2,037,125 SH   SOLE   2,037,125 0 0
FIRST SOLAR INC COM 336433107 4,325 65,719 SH   SOLE   65,719 0 0
FIRSTENERGY CORP. COM 337932107 25,875 770,792 SH   SOLE   770,792 0 0
FISERV INC. COM 337738108 29,699 459,482 SH   SOLE   459,482 0 0
FLEETCOR TECHNOLOGIE COM 339041105 19,272 135,604 SH   SOLE   135,604 0 0
FLEXTRONICS INTL LTD COM Y2573F102 10,808 1,047,277 SH   SOLE   1,047,277 0 0
FLIR SYSTEMS INC. COM 302445101 21,877 698,050 SH   SOLE   698,050 0 0
FLOWSERVE CORP. COM 34354P105 17,364 246,232 SH   SOLE   246,232 0 0
FLUOR CORP COM 343412102 24,183 362,079 SH   SOLE   362,079 0 0
FMC TECHNOLOGIES INC COM 30249U101 22,958 422,724 SH   SOLE   422,724 0 0
FOMENTO ECONO (ADR) ADR 344419106 7,879 85,600 SH   SOLE   85,600 0 0
FORD MOTOR COMPANY COM 345370860 105,197 7,112,731 SH   SOLE   7,112,731 0 0
FOSSIL GROUP INC COM 34988V106 8,179 87,103 SH   SOLE   87,103 0 0
FRANKLIN RESOURCES COM 354613101 62,271 1,140,286 SH   SOLE   1,140,286 0 0
FREEPORT-MCMORAN INC COM 35671D857 62,048 1,900,401 SH   SOLE   1,900,401 0 0
FRONTIER COMM. CORP COM 35906A108 11,928 1,832,237 SH   SOLE   1,832,237 0 0
GAMESTOP CORP CL-A COM 36467W109 18,799 456,291 SH   SOLE   456,291 0 0
GANNETT COM 364730101 31,911 1,075,543 SH   SOLE   1,075,543 0 0
GAP INC COM 364760108 18,535 444,597 SH   SOLE   444,597 0 0
GARMIN LTD. COM H2906T109 11,028 212,115 SH   SOLE   212,115 0 0
GENERAL DYNAMICS COM 369550108 67,416 530,457 SH   SOLE   530,457 0 0
GENERAL ELECTRIC COM 369604103 487,823 19,040,723 SH   SOLE   19,040,723 0 0
GENERAL GROWTH PROPE COM 370023103 22,089 937,979 SH   SOLE   937,979 0 0
GENERAL MILLS COM 370334104 70,036 1,388,234 SH   SOLE   1,388,234 0 0
GENERAL MOTORS CO. COM 37045V100 98,437 3,081,942 SH   SOLE   3,081,942 0 0
GENOMIC HEALTH INC. COM 37244C101 6,730 237,720 SH   SOLE   237,720 0 0
GENTEX CORPORATION COM 371901109 1,423 53,152 SH   SOLE   53,152 0 0
GENUINE PARTS COM 372460105 26,256 299,349 SH   SOLE   299,349 0 0
GENWORTH FIN.-CL A COM 37247D106 12,105 924,063 SH   SOLE   924,063 0 0
GERDAU S.A. (ADR) ADR 373737105 780 162,600 SH   SOLE   162,600 0 0
GILEAD SCIENCES INC COM 375558103 316,790 2,975,954 SH   SOLE   2,975,954 0 0
GOLDMAN SACHS GROUP COM 38141G104 218,251 1,188,923 SH   SOLE   1,188,923 0 0
GOOGLE INC.-CL A COM 38259P508 393,767 669,205 SH   SOLE   669,205 0 0
GOOGLE INC-CL C COM 38259P706 397,958 689,271 SH   SOLE   689,271 0 0
GRAINGER (W.W.) INC COM 384802104 28,708 114,078 SH   SOLE   114,078 0 0
GRP AEROPORT DEL(ADR ADR 400506101 1,848 27,400 SH   SOLE   27,400 0 0
GRUPO TELEVISA (ADR) ADR 40049J206 3,059 90,300 SH   SOLE   90,300 0 0
HALLIBURTON CO. COM 406216101 166,349 2,578,659 SH   SOLE   2,578,659 0 0
HARLEY DAVIDSON INC COM 412822108 95,937 1,648,397 SH   SOLE   1,648,397 0 0
HARRIS COM 413875105 12,951 195,051 SH   SOLE   195,051 0 0
HARTFORD FINL SVCS COM 416515104 30,705 824,291 SH   SOLE   824,291 0 0
HASBRO INC COM 418056107 16,687 303,419 SH   SOLE   303,419 0 0
HCA HOLDINGS INC. COM 40412C101 69,338 983,232 SH   SOLE   983,232 0 0
HCP INC COM 40414L109 40,445 1,018,502 SH   SOLE   1,018,502 0 0
HDFC BANK LTD. (ADR) ADR 40415F101 5,045 108,300 SH   SOLE   108,300 0 0
HEALTH CARE REIT INC COM 42217K106 39,878 639,378 SH   SOLE   639,378 0 0
HELMERICH & PAYNE COM 423452101 26,773 273,552 SH   SOLE   273,552 0 0
HENRY SCHEIN INC. COM 806407102 19,783 169,852 SH   SOLE   169,852 0 0
HERBALIFE LTD COM G4412G101 6,293 143,835 SH   SOLE   143,835 0 0
HERTZ GLOBAL HLDG COM 42805T105 20,779 818,389 SH   SOLE   818,389 0 0
HESS CORPORATION COM 42809H107 48,906 518,509 SH   SOLE   518,509 0 0
HEWLETT PACKARD CO. COM 428236103 139,417 3,930,560 SH   SOLE   3,930,560 0 0
HILTON WORLDWIDE HOL COM 43300A104 13,804 560,445 SH   SOLE   560,445 0 0
HOLLYFRONTIER CORP COM 436106108 14,928 341,763 SH   SOLE   341,763 0 0
HOLOGIC INC COM 436440101 44,451 1,827,022 SH   SOLE   1,827,022 0 0
HOME DEPOT COM 437076102 266,412 2,903,994 SH   SOLE   2,903,994 0 0
HONEYWELL INTL INC. COM 438516106 126,218 1,355,438 SH   SOLE   1,355,438 0 0
HORMEL FOODS CORP. COM 440452100 17,930 348,907 SH   SOLE   348,907 0 0
HOSPIRA INC COM 441060100 15,648 300,744 SH   SOLE   300,744 0 0
HOST HOTEL&RES(REIT) COM 44107P104 30,045 1,408,592 SH   SOLE   1,408,592 0 0
HOWARD HUGHES CORP COM 44267D107 7,680 51,200 SH   SOLE   51,200 0 0
HUDSON CITY BANCORP COM 443683107 8,371 861,222 SH   SOLE   861,222 0 0
HUMANA COM 444859102 37,315 286,400 SH   SOLE   286,400 0 0
HUNTINGTON BANCSHARE COM 446150104 292 29,960 SH   SOLE   29,960 0 0
HUNTSMAN CORPORATION COM 447011107 7,670 295,100 SH   SOLE   295,100 0 0
ICICI BANK LTD.(ADR) ADR 45104G104 13,940 283,910 SH   SOLE   283,910 0 0
IHS INC -CLASS A COM 451734107 15,222 121,591 SH   SOLE   121,591 0 0
ILLINOIS TOOL WORKS COM 452308109 59,839 708,825 SH   SOLE   708,825 0 0
ILLUMINA INC. COM 452327109 95,816 584,531 SH   SOLE   584,531 0 0
INFOSYS LTD. (ADR) ADR 456788108 10,495 173,500 SH   SOLE   173,500 0 0
INGERSOLL-RAND PLC COM G47791101 27,518 488,262 SH   SOLE   488,262 0 0
INGRAM MICRO INC 'A' COM 457153104 12,562 486,700 SH   SOLE   486,700 0 0
INTEGRYS ENERGY GRP COM 45822P105 9,374 144,620 SH   SOLE   144,620 0 0
INTEL CORPORATION COM 458140100 328,678 9,439,343 SH   SOLE   9,439,343 0 0
INTERCONTINENTAL EXC COM 45866F104 92,694 475,233 SH   SOLE   475,233 0 0
INTERPUBLIC GROUP CO COM 460690100 14,016 765,092 SH   SOLE   765,092 0 0
INTL BUS MACHINES CO COM 459200101 344,559 1,815,094 SH   SOLE   1,815,094 0 0
INTL FLAVORS&FRAGRAN COM 459506101 19,716 205,631 SH   SOLE   205,631 0 0
INTL PAPER COM 460146103 35,827 750,456 SH   SOLE   750,456 0 0
INTUIT INC. COM 461202103 45,888 523,533 SH   SOLE   523,533 0 0
INTUITIVE SURGICAL COM 46120E602 65,830 142,544 SH   SOLE   142,544 0 0
INVESCO LTD COM G491BT108 49,437 1,252,194 SH   SOLE   1,252,194 0 0
iPath S&P 500 VIX Mid-Term Futures ETF 06740C519 216 16,469 SH   SOLE   16,469 0 0
IRON MOUNTAIN INC. COM 462846106 9,574 293,225 SH   SOLE   293,225 0 0
ISHARES 1-3 YEAR CRE ETF 464288646 583 5,536 SH   SOLE   5,536 0 0
ISHARES 1-3Y TR BD ETF 464287457 623 7,371 SH   SOLE   7,371 0 0
ISHARES IBOXX $ H/Y ETF 464288513 1,287 14,000 SH   SOLE   14,000 0 0
ISHARES LATIN AMERIC ETF 464287390 6,085 165,000 SH   SOLE   165,000 0 0
ISHARES MSCI QATAR C ETF 46434V779 4,164 158,682 SH   SOLE   158,682 0 0
ISHARES MSCI UAE CAP ETF 46434V761 4,360 178,376 SH   SOLE   178,376 0 0
ISHARES TIPS BOND ET ETF 464287176 504 4,500 SH   SOLE   4,500 0 0
ISHARES US REAL ESTA ETF 464287739 1,246 18,000 SH   SOLE   18,000 0 0
ITAU UNIBANCO HLD(AD ADR 465562106 7,665 552,266 SH   SOLE   552,266 0 0
JACOBS ENGINEERING COM 469814107 11,594 237,491 SH   SOLE   237,491 0 0
JARDEN CORP COM 471109108 18,123 301,500 SH   SOLE   301,500 0 0
JB HUNT TRANSPORT SV COM 445658107 13,181 178,003 SH   SOLE   178,003 0 0
JM SMUCKER CO COM 832696405 19,757 199,587 SH   SOLE   199,587 0 0
JOHNSON & JOHNSON COM 478160104 625,103 5,864,557 SH   SOLE   5,864,557 0 0
JOHNSON CONTROLS COM 478366107 83,911 1,907,066 SH   SOLE   1,907,066 0 0
JOY GLOBAL INC. COM 481165108 13,995 256,609 SH   SOLE   256,609 0 0
JPMORGAN CHASE & CO COM 46625H100 494,845 8,214,566 SH   SOLE   8,214,566 0 0
JUNIPER NETWORKS INC COM 48203R104 17,142 773,900 SH   SOLE   773,900 0 0
KANSAS CITY SOUTHERN COM 485170302 24,004 198,049 SH   SOLE   198,049 0 0
KBR INC. COM 48242W106 4,883 259,346 SH   SOLE   259,346 0 0
KELLOGG COM 487836108 39,330 638,466 SH   SOLE   638,466 0 0
KEURIG GREEN MOUNTAI COM 49271M100 28,522 219,180 SH   SOLE   219,180 0 0
KEYCORP COM 493267108 25,662 1,925,164 SH   SOLE   1,925,164 0 0
KIMBERLY-CLARK CORP COM 494368103 85,383 793,744 SH   SOLE   793,744 0 0
KIMCO REALTY CORP. COM 49446R109 16,257 741,972 SH   SOLE   741,972 0 0
KINDER MORGAN INC COM 49456B101 48,937 1,276,386 SH   SOLE   1,276,386 0 0
KINDER MORGAN MNGMT COM 49455U100 21,747 230,980 SH   SOLE   230,980 0 0
KLA-TENCOR CORP. COM 482480100 24,125 306,238 SH   SOLE   306,238 0 0
KOHL'S CORPORATION COM 500255104 24,339 398,801 SH   SOLE   398,801 0 0
KRAFT FOODS GROUP COM 50076Q106 69,807 1,237,708 SH   SOLE   1,237,708 0 0
KROGER CO. COM 501044101 45,768 880,163 SH   SOLE   880,163 0 0
KT CORP (ADR) ADR 48268K101 932 57,520 SH   SOLE   57,520 0 0
L BRANDS INC COM 501797104 30,180 450,581 SH   SOLE   450,581 0 0
L-3 COMM. HLDGS INC. COM 502424104 19,984 168,046 SH   SOLE   168,046 0 0
LABORATORY CORP AMER COM 50540R409 20,963 206,024 SH   SOLE   206,024 0 0
LAM RESEARCH CORP. COM 512807108 21,856 292,577 SH   SOLE   292,577 0 0
LAS VEGAS SANDS CORP COM 517834107 51,513 828,045 SH   SOLE   828,045 0 0
LATAM AIRLINES (ADR) ADR 51817R106 1,198 105,330 SH   SOLE   105,330 0 0
LEGG MASON INC. COM 524901105 9,744 190,465 SH   SOLE   190,465 0 0
LEGGETT & PLATT INC. COM 524660107 9,270 265,472 SH   SOLE   265,472 0 0
LENNAR CORP CL-A COM 526057104 30,658 789,544 SH   SOLE   789,544 0 0
LEUCADIA NATIONAL CO COM 527288104 13,537 567,842 SH   SOLE   567,842 0 0
LEVEL 3 COMM. INC. COM 52729N308 14,735 322,211 SH   SOLE   322,211 0 0
LIBERTY GLOBAL PLC-A COM G5480U104 16,648 391,341 SH   SOLE   391,341 0 0
LIBERTY GLOBAL PLC-C COM G5480U120 39,370 959,898 SH   SOLE   959,898 0 0
LIBERTY INTER CORP-A COM 53071M104 43,969 1,541,705 SH   SOLE   1,541,705 0 0
LIBERTY MEDIA CORP-A COM 531229102 7,817 165,677 SH   SOLE   165,677 0 0
LIBERTY PROPERTY COM 531172104 8,977 269,903 SH   SOLE   269,903 0 0
LILLY (ELI) COM 532457108 134,627 2,075,974 SH   SOLE   2,075,974 0 0
LINCOLN ELECTRIC HLD COM 533900106 32,431 469,090 SH   SOLE   469,090 0 0
LINCOLN NATIONAL CO COM 534187109 27,069 505,207 SH   SOLE   505,207 0 0
LINEAR TECHNOLOGY COM 535678106 33,989 765,689 SH   SOLE   765,689 0 0
LINKEDIN CORP - A COM 53578A108 60,847 292,830 SH   SOLE   292,830 0 0
LKQ CORPORATION COM 501889208 14,291 537,471 SH   SOLE   537,471 0 0
LOCKHEED MARTIN CORP COM 539830109 93,572 511,937 SH   SOLE   511,937 0 0
LOEWS CORP COM 540424108 26,439 634,636 SH   SOLE   634,636 0 0
LORILLARD INC COM 544147101 39,634 661,561 SH   SOLE   661,561 0 0
LOWE'S COMPANIES COM 548661107 124,242 2,347,727 SH   SOLE   2,347,727 0 0
LULULEMON ATHLETICA COM 550021109 8,374 199,341 SH   SOLE   199,341 0 0
LYONDELLBASELL CL-A COM N53745100 107,927 993,255 SH   SOLE   993,255 0 0
M & T CORPORATION COM 55261F104 105,951 859,367 SH   SOLE   859,367 0 0
MACERICH COMPANY COM 554382101 15,896 249,044 SH   SOLE   249,044 0 0
MACY'S INC. COM 55616P104 40,218 691,275 SH   SOLE   691,275 0 0
MALLINCKRODT PLC COM G5785G107 28,546 316,651 SH   SOLE   316,651 0 0
MANPOWERGROUP COM 56418H100 20,247 288,837 SH   SOLE   288,837 0 0
MARATHON OIL CORP COM 565849106 46,207 1,229,245 SH   SOLE   1,229,245 0 0
MARATHON PETROLEUM COM 56585A102 45,678 539,479 SH   SOLE   539,479 0 0
MARKEL CORP. COM 570535104 88,547 139,192 SH   SOLE   139,192 0 0
MARKETAXESS HOLDINGS COM 57060D108 21,527 348,000 SH   SOLE   348,000 0 0
MARRIOTT INTL INC'A' COM 571903202 30,121 430,910 SH   SOLE   430,910 0 0
MARSH & MCLENNAN COS COM 571748102 55,277 1,056,122 SH   SOLE   1,056,122 0 0
MARTIN MARIETTA MATE COM 573284106 72,751 564,223 SH   SOLE   564,223 0 0
MARVELL TECHNOLOGY COM G5876H105 38,562 2,860,657 SH   SOLE   2,860,657 0 0
MASCO CORP. COM 574599106 15,404 644,000 SH   SOLE   644,000 0 0
MASTERCARD INC-CL A COM 57636Q104 153,639 2,078,446 SH   SOLE   2,078,446 0 0
MATTEL INC COM 577081102 20,009 652,806 SH   SOLE   652,806 0 0
MAXIM INTEGRATED PRD COM 57772K101 15,557 514,437 SH   SOLE   514,437 0 0
MCCORMICK & CO INC. COM 579780206 16,718 249,888 SH   SOLE   249,888 0 0
MCDONALD'S COM 580135101 189,767 2,001,553 SH   SOLE   2,001,553 0 0
MCGRAW HILL FINCIAL COM 580645109 45,282 536,198 SH   SOLE   536,198 0 0
MCKESSON CORPORATION COM 58155Q103 90,806 466,462 SH   SOLE   466,462 0 0
MDU RESOURCES GROUP COM 552690109 9,269 333,304 SH   SOLE   333,304 0 0
MEAD JOHNSON NUTRITI COM 582839106 35,391 367,812 SH   SOLE   367,812 0 0
MEADWESTVACO CORP COM 583334107 12,357 301,837 SH   SOLE   301,837 0 0
MEDNAX INC. COM 58502B106 3,892 71,000 SH   SOLE   71,000 0 0
MEDTRONIC INC COM 585055106 140,989 2,275,849 SH   SOLE   2,275,849 0 0
MENTOR GRAPHICS COM 587200106 2,869 140,000 SH   SOLE   140,000 0 0
MERCK & CO. INC COM 58933Y105 341,679 5,763,824 SH   SOLE   5,763,824 0 0
METLIFE INC. COM 59156R108 111,361 2,072,987 SH   SOLE   2,072,987 0 0
METTLER-TOLEDO INTL COM 592688105 34,647 135,271 SH   SOLE   135,271 0 0
MGM RESORTS INTL COM 552953101 16,050 704,553 SH   SOLE   704,553 0 0
MICHAEL KORS COM G60754101 26,424 370,133 SH   SOLE   370,133 0 0
MICROCHIP TECHNOLOGY COM 595017104 32,145 680,609 SH   SOLE   680,609 0 0
MICRON TECHNOLOGY COM 595112103 80,050 2,336,544 SH   SOLE   2,336,544 0 0
MICROSOFT CORP COM 594918104 794,772 17,143,491 SH   SOLE   17,143,491 0 0
MINAS BUENAVENT.(ADR ADR 204448104 2,461 212,500 SH   SOLE   212,500 0 0
MINDRAY MEDICAL(ADR) ADR 602675100 11,393 377,760 SH   SOLE   377,760 0 0
MOBILE TELESYS.(ADR) ADR 607409109 2,319 155,200 SH   SOLE   155,200 0 0
MOHAWK INDUSTRIES COM 608190104 15,621 115,867 SH   SOLE   115,867 0 0
MOLSON COORS BR CL-B COM 60871R209 20,753 278,786 SH   SOLE   278,786 0 0
MONDELEZ INTERNATION COM 609207105 149,847 4,373,177 SH   SOLE   4,373,177 0 0
MONSANTO COMPANY COM 61166W101 122,238 1,086,462 SH   SOLE   1,086,462 0 0
MONSTER BEVERAG CORP COM 611740101 27,461 299,564 SH   SOLE   299,564 0 0
MOODY'S CORPORATION COM 615369105 91,017 963,144 SH   SOLE   963,144 0 0
MORGAN STANLEY COM 617446448 92,879 2,686,698 SH   SOLE   2,686,698 0 0
MOTOROLA SOLUTIONS COM 620076307 28,992 458,151 SH   SOLE   458,151 0 0
MURPHY OIL CORP. COM 626717102 18,151 318,948 SH   SOLE   318,948 0 0
MYLAN INC COM 628530107 38,499 846,320 SH   SOLE   846,320 0 0
MYRIAD GENETICS INC. COM 62855J104 17,000 440,770 SH   SOLE   440,770 0 0
NABORS INDUSTRIES COM G6359F103 16,152 709,680 SH   SOLE   709,680 0 0
NASDAQ OMX GROUP COM 631103108 9,054 213,438 SH   SOLE   213,438 0 0
NATIONAL-OILWELL V COM 637071101 59,739 785,009 SH   SOLE   785,009 0 0
NAVIENT CORP COM 63938C108 14,497 818,588 SH   SOLE   818,588 0 0
NETAPP INC COM 64110D104 27,797 647,034 SH   SOLE   647,034 0 0
NETFLIX.COM INC. COM 64110L106 46,049 102,063 SH   SOLE   102,063 0 0
NETSUITE INC. COM 64118Q107 5,595 62,481 SH   SOLE   62,481 0 0
NEW ORIENTAL ED(ADR) ADR 647581107 8,938 385,260 SH   SOLE   385,260 0 0
NEW YORK COMMUN.BANC COM 649445103 25,404 1,600,744 SH   SOLE   1,600,744 0 0
NEWELL RUBBERMAID COM 651229106 26,734 776,914 SH   SOLE   776,914 0 0
NEWMONT MINING CO HL COM 651639106 24,019 1,042,025 SH   SOLE   1,042,025 0 0
NEWS CORP-CLASS A COM 65249B109 10,964 670,561 SH   SOLE   670,561 0 0
NEXTERA ENERGY INC. COM 65339F101 83,842 893,078 SH   SOLE   893,078 0 0
NIELSEN NV COM N63218106 27,614 622,917 SH   SOLE   622,917 0 0
NIKE INC CL'B' COM 654106103 112,483 1,261,018 SH   SOLE   1,261,018 0 0
NISOURCE INC. COM 65473P105 24,077 587,523 SH   SOLE   587,523 0 0
NOBLE CORP PLC COM G65431101 11,311 509,050 SH   SOLE   509,050 0 0
NOBLE ENERGY INC COM 655044105 44,596 652,367 SH   SOLE   652,367 0 0
NORDSTROM INC. COM 655664100 17,452 255,259 SH   SOLE   255,259 0 0
NORFOLK SOUTHERN COM 655844108 84,682 758,800 SH   SOLE   758,800 0 0
NORTHEAST UTILITIES COM 664397106 29,854 673,910 SH   SOLE   673,910 0 0
NORTHERN TRUST COM 665859104 27,514 404,437 SH   SOLE   404,437 0 0
NORTHROP GRUMMAN COM 666807102 48,929 371,352 SH   SOLE   371,352 0 0
NOW INC COM 67011P100 37,443 1,231,283 SH   SOLE   1,231,283 0 0
NRG ENERGY INC COM 629377508 29,445 966,043 SH   SOLE   966,043 0 0
NUANCE COMMUNICATION COM 67020Y100 7,009 454,665 SH   SOLE   454,665 0 0
NUCOR CORP COM 670346105 31,214 575,055 SH   SOLE   575,055 0 0
NVIDIA CORP. COM 67066G104 23,199 1,257,411 SH   SOLE   1,257,411 0 0
NXP SEMICONDUCTOR NV COM N6596X109 13,780 201,371 SH   SOLE   201,371 0 0
OCCIDENTAL PETROLEUM COM 674599105 142,640 1,483,520 SH   SOLE   1,483,520 0 0
OCEANEERING INTL INC COM 675232102 12,640 193,955 SH   SOLE   193,955 0 0
OCWEN FINANCIAL CORP COM 675746309 5,472 209,031 SH   SOLE   209,031 0 0
OGE ENERGY CORP COM 670837103 13,838 372,896 SH   SOLE   372,896 0 0
OLD REPUBLIC INTL. COM 680223104 163 11,395 SH   SOLE   11,395 0 0
OMNICARE INC. COM 681904108 15,839 254,408 SH   SOLE   254,408 0 0
OMNICOM GROUP COM 681919106 32,029 465,138 SH   SOLE   465,138 0 0
ONEOK INC. COM 682680103 24,856 379,194 SH   SOLE   379,194 0 0
ORACLE CORPORATION COM 68389X105 348,032 9,091,732 SH   SOLE   9,091,732 0 0
O'REILLY AUTOMOTIVE COM 67103H107 34,831 231,650 SH   SOLE   231,650 0 0
OWENS-ILLINOIS INC. COM 690768403 8,104 311,077 SH   SOLE   311,077 0 0
PACCAR INC COM 693718108 36,236 637,113 SH   SOLE   637,113 0 0
PACKAGING CORP AMERI COM 695156109 3,606 56,500 SH   SOLE   56,500 0 0
PALL CORP COM 696429307 16,480 196,894 SH   SOLE   196,894 0 0
PARKER HANNIFIN COM 701094104 35,930 314,761 SH   SOLE   314,761 0 0
PARTNERRE LIMITED COM G6852T105 10,604 96,492 SH   SOLE   96,492 0 0
PATTERSON COS INC COM 703395103 6,452 155,725 SH   SOLE   155,725 0 0
PAYCHEX INC COM 704326107 35,953 813,419 SH   SOLE   813,419 0 0
PEABODY ENERGY CO. COM 704549104 6,025 486,636 SH   SOLE   486,636 0 0
PENTAIR PLC COM G7S00T104 23,352 356,581 SH   SOLE   356,581 0 0
PEOPLE'S UNITED FIN. COM 712704105 11,798 815,334 SH   SOLE   815,334 0 0
PEPCO HOLDINGS INC. COM 713291102 12,088 451,713 SH   SOLE   451,713 0 0
PEPSICO INC. COM 713448108 313,106 3,363,474 SH   SOLE   3,363,474 0 0
PERRIGO CO PLC COM G97822103 37,830 251,878 SH   SOLE   251,878 0 0
PETROLEO BRASIL(ADR) ADR 71654V101 826 55,500 SH   SOLE   55,500 0 0
PETSMART INC. COM 716768106 27,558 393,178 SH   SOLE   393,178 0 0
PFIZER INC. COM 717081103 403,955 13,660,977 SH   SOLE   13,660,977 0 0
PG AND E CORPORATION COM 69331C108 43,755 971,480 SH   SOLE   971,480 0 0
PHARMACYCLICS INC. COM 716933106 13,350 113,684 SH   SOLE   113,684 0 0
PHILIP MORRIS INTL COM 718172109 305,633 3,664,667 SH   SOLE   3,664,667 0 0
PHILIPPINE LONG(ADR) ADR 718252604 1,069 15,500 SH   SOLE   15,500 0 0
PHILLIPS 66 COM 718546104 111,176 1,367,305 SH   SOLE   1,367,305 0 0
PINNACLE WEST CAPITA COM 723484101 11,321 207,185 SH   SOLE   207,185 0 0
PIONEER NATURAL RES COM 723787107 50,611 256,950 SH   SOLE   256,950 0 0
PLUM CREEK TIMBER CO COM 729251108 12,467 319,594 SH   SOLE   319,594 0 0
PNC FIN. SERVICES COM 693475105 83,288 973,221 SH   SOLE   973,221 0 0
POLARIS INDUSTRIES COM 731068102 16,960 113,222 SH   SOLE   113,222 0 0
PPG INDUSTRIES COM 693506107 55,897 284,114 SH   SOLE   284,114 0 0
PPL CORPORATION COM 69351T106 44,729 1,362,023 SH   SOLE   1,362,023 0 0
PRAXAIR INC. COM 74005P104 110,800 858,914 SH   SOLE   858,914 0 0
PRECISION CASTPARTS COM 740189105 61,910 261,358 SH   SOLE   261,358 0 0
PRICELINE GROUP INC COM 741503403 134,262 115,885 SH   SOLE   115,885 0 0
PRINCIPAL FINANCIAL COM 74251V102 34,480 657,138 SH   SOLE   657,138 0 0
PROCTER & GAMBLE COM 742718109 442,237 5,281,067 SH   SOLE   5,281,067 0 0
PROGRESSIVE CORP COM 743315103 49,985 1,977,238 SH   SOLE   1,977,238 0 0
PROLOGIS INC COM 74340W103 33,749 895,208 SH   SOLE   895,208 0 0
PRUDENTIAL FINANCIAL COM 744320102 95,547 1,086,507 SH   SOLE   1,086,507 0 0
PUBLIC SERVICE ENTER COM 744573106 35,913 964,359 SH   SOLE   964,359 0 0
PUBLIC STORAGE COM 74460D109 46,738 281,825 SH   SOLE   281,825 0 0
PULTE GROUP INC. COM 745867101 10,873 615,661 SH   SOLE   615,661 0 0
PVH CORP COM 693656100 21,984 181,460 SH   SOLE   181,460 0 0
QEP RESOURCES INC. COM 74733V100 9,568 310,845 SH   SOLE   310,845 0 0
QIAGEN N.V. COM N72482107 6,448 283,160 SH   SOLE   283,160 0 0
QUALCOMM INC COM 747525103 293,000 3,918,678 SH   SOLE   3,918,678 0 0
QUANTA SERVICES INC COM 74762E102 15,766 434,453 SH   SOLE   434,453 0 0
QUEST DIAGNOSTICS COM 74834L100 19,916 328,220 SH   SOLE   328,220 0 0
QUIMICA Y MINERA(ADR ADR 833635105 920 35,200 SH   SOLE   35,200 0 0
QUINTILES TRANS HOLD COM 74876Y101 5,788 103,764 SH   SOLE   103,764 0 0
RACKSPACE HOSTING COM 750086100 6,920 212,581 SH   SOLE   212,581 0 0
RALPH LAUREN CORP-A COM 751212101 18,379 111,572 SH   SOLE   111,572 0 0
RANGE RESOURCES CORP COM 75281A109 20,621 304,094 SH   SOLE   304,094 0 0
RAYMOND JAMES FIN. COM 754730109 17,444 325,574 SH   SOLE   325,574 0 0
RAYONIER INC COM 754907103 7,192 230,965 SH   SOLE   230,965 0 0
RAYTHEON COMPANY COM 755111507 58,098 571,723 SH   SOLE   571,723 0 0
REALOGY HLDGS CORP COM 75605Y106 9,708 260,979 SH   SOLE   260,979 0 0
REALTY INCOME CORP COM 756109104 21,749 533,200 SH   SOLE   533,200 0 0
RED HAT INC COM 756577102 19,309 343,878 SH   SOLE   343,878 0 0
REGENCY CENTERS CORP COM 758849103 9,001 167,212 SH   SOLE   167,212 0 0
REGENERON PHARMACEUT COM 75886F107 51,386 142,532 SH   SOLE   142,532 0 0
REGIONS FINANCIAL COM 7591EP100 40,994 4,083,097 SH   SOLE   4,083,097 0 0
RENAISSANCERE HLDGS COM G7496G103 13,391 133,922 SH   SOLE   133,922 0 0
REPUBLIC SERVICES COM 760759100 22,677 581,159 SH   SOLE   581,159 0 0
RESMED INC COM 761152107 12,658 256,907 SH   SOLE   256,907 0 0
REYNOLDS AMERICAN COM 761713106 52,369 887,605 SH   SOLE   887,605 0 0
RITCHIE BROS. AUCTIO COM 767744105 7,944 354,790 SH   SOLE   354,790 0 0
ROBERT HALF INTL INC COM 770323103 12,870 262,660 SH   SOLE   262,660 0 0
ROCK-TENN CO. CL-A COM 772739207 39,247 824,864 SH   SOLE   824,864 0 0
ROCKWELL AUTOMATION COM 773903109 27,436 249,690 SH   SOLE   249,690 0 0
ROCKWELL COLLINS COM 774341101 17,850 227,393 SH   SOLE   227,393 0 0
ROPER INDUSTRIES INC COM 776696106 26,221 179,239 SH   SOLE   179,239 0 0
ROSS STORES INC. COM 778296103 30,568 404,452 SH   SOLE   404,452 0 0
ROYAL CARIB CRUISES COM V7780T103 78,459 1,165,976 SH   SOLE   1,165,976 0 0
RYANAIR HLDGS (ADR) ADR 783513104 33,408 592,030 SH   SOLE   592,030 0 0
RYDER SYSTEM COM 783549108 7,385 82,086 SH   SOLE   82,086 0 0
SAFEWAY INC COM 786514208 15,173 442,376 SH   SOLE   442,376 0 0
SALESFORCE.COM INC. COM 79466L302 91,729 1,594,455 SH   SOLE   1,594,455 0 0
SANDISK CORPORATION COM 80004C101 67,422 688,330 SH   SOLE   688,330 0 0
SBA COMMUNICATIONS COM 78388J106 36,422 328,419 SH   SOLE   328,419 0 0
SCANA CORP COM 80589M102 12,644 254,858 SH   SOLE   254,858 0 0
SCHLUMBERGER LIMITED COM 806857108 288,763 2,839,644 SH   SOLE   2,839,644 0 0
SCHWAB (CHAS) CORP COM 808513105 62,008 2,109,820 SH   SOLE   2,109,820 0 0
SCRIPPS NETWORKS 'A' COM 811065101 11,461 146,767 SH   SOLE   146,767 0 0
SEAGATE TECHNOLOGY COM G7945M107 36,347 634,666 SH   SOLE   634,666 0 0
SEALED AIR CORP. COM 81211K100 12,858 368,642 SH   SOLE   368,642 0 0
SEARS HOLDING CORP COM 812350106 2,497 98,977 SH   SOLE   98,977 0 0
SEATTLE GENETICS INC COM 812578102 30,759 827,300 SH   SOLE   827,300 0 0
SEI INVESTMENTS CO COM 784117103 9,235 255,397 SH   SOLE   255,397 0 0
SEMPRA ENERGY COM 816851109 51,242 486,262 SH   SOLE   486,262 0 0
SEMTECH CORPORATION COM 816850101 2,715 100,000 SH   SOLE   100,000 0 0
SENSATA TECH HLDG NV COM N7902X106 12,683 284,828 SH   SOLE   284,828 0 0
SERVICENOW INC. COM 81762P102 13,635 231,972 SH   SOLE   231,972 0 0
SHERWIN WILLIAMS COM 824348106 66,741 304,768 SH   SOLE   304,768 0 0
SHINHAN FIN GRP(ADR) ADR 824596100 1,396 30,700 SH   SOLE   30,700 0 0
SIGMA ALDRICH CORP COM 826552101 29,441 216,460 SH   SOLE   216,460 0 0
SIGNATURE BANK COM 82669G104 4,258 38,000 SH   SOLE   38,000 0 0
SILICONWARE PREC(ADR ADR 827084864 4,277 627,147 SH   SOLE   627,147 0 0
SIMON PROPERTY(REIT) COM 828806109 100,812 613,138 SH   SOLE   613,138 0 0
SIRIUS XM HOLDINGS COM 82968B103 19,596 5,614,838 SH   SOLE   5,614,838 0 0
SK TELECOM (ADR) ADR 78440P108 1,561 51,457 SH   SOLE   51,457 0 0
SL GREEN REALTY CORP COM 78440X101 17,493 172,653 SH   SOLE   172,653 0 0
SLM CORPORATION COM 78442P106 255 29,734 SH   SOLE   29,734 0 0
SMITH (A.O.) CORP. COM 831865209 2,908 61,500 SH   SOLE   61,500 0 0
SOUTHERN CO. COM 842587107 89,340 2,046,741 SH   SOLE   2,046,741 0 0
SOUTHERN COPPER CORP COM 84265V105 6,025 203,214 SH   SOLE   203,214 0 0
SOUTHWEST AIRLINES COM 844741108 12,742 377,330 SH   SOLE   377,330 0 0
SOUTHWESTERN ENERGY COM 845467109 26,580 760,503 SH   SOLE   760,503 0 0
SPDR Dow Jones Industrial Average ETF Trust ETF 78467X109 15,017 88,300 SH   SOLE   88,300 0 0
SPDR GOLD TRUST ETF 78463V107 2,324 20,000 SH   SOLE   20,000 0 0
SPECTRA ENERGY CORP COM 847560109 48,656 1,239,336 SH   SOLE   1,239,336 0 0
SPLUNK INC. COM 848637104 13,242 239,200 SH   SOLE   239,200 0 0
SPRINT CORP COM 85207U105 9,100 1,435,327 SH   SOLE   1,435,327 0 0
SPX CORP COM 784635104 6,415 68,293 SH   SOLE   68,293 0 0
ST.JUDE MEDICAL COM 790849103 31,429 522,692 SH   SOLE   522,692 0 0
STANLEY BLACK & DECK COM 854502101 65,543 738,179 SH   SOLE   738,179 0 0
STAPLES INC. COM 855030102 14,334 1,184,622 SH   SOLE   1,184,622 0 0
STARBUCKS CORP COM 855244109 104,091 1,379,416 SH   SOLE   1,379,416 0 0
STARWOOD H & R WORLD COM 85590A401 28,799 346,106 SH   SOLE   346,106 0 0
STATE STREET CORP COM 857477103 57,786 785,030 SH   SOLE   785,030 0 0
STEEL DYNAMICS INC. COM 858119100 8,976 397,000 SH   SOLE   397,000 0 0
STERICYCLE INC. COM 858912108 33,438 286,872 SH   SOLE   286,872 0 0
STRATASYS LTD. COM M85548101 15,073 124,800 SH   SOLE   124,800 0 0
STRYKER CORP COM 863667101 53,172 658,471 SH   SOLE   658,471 0 0
SUNTRUST BANKS INC COM 867914103 37,227 978,895 SH   SOLE   978,895 0 0
SUPERIOR ENERGY SRV. COM 868157108 8,956 272,478 SH   SOLE   272,478 0 0
SVB FINANCIAL GROUP COM 78486Q101 4,366 38,950 SH   SOLE   38,950 0 0
SYMANTEC CORPORATION COM 871503108 29,169 1,240,699 SH   SOLE   1,240,699 0 0
SYNOPSYS INC. COM 871607107 17,076 430,183 SH   SOLE   430,183 0 0
SYSCO CORPORATION COM 871829107 41,147 1,084,255 SH   SOLE   1,084,255 0 0
T ROWE PRICE GROUP COM 74144T108 37,629 479,963 SH   SOLE   479,963 0 0
TAIWAN SEMICOND.(ADR ADR 874039100 42,312 2,096,710 SH   SOLE   2,096,710 0 0
TAL EDUCATION GR(ADR ADR 874080104 839 24,000 SH   SOLE   24,000 0 0
TARGET CORP. COM 87612E106 86,744 1,383,920 SH   SOLE   1,383,920 0 0
TATA MOTORS (ADR) ADR 876568502 2,474 56,600 SH   SOLE   56,600 0 0
TD AMERITRADE HLDG COM 87236Y108 101,339 3,036,832 SH   SOLE   3,036,832 0 0
TE CONNECTIVITY LTD COM H84989104 49,688 898,684 SH   SOLE   898,684 0 0
TELEFONICA BRA(ADR) ADR 87936R106 1,177 59,830 SH   SOLE   59,830 0 0
TERADATA CORPORATION COM 88076W103 30,738 733,251 SH   SOLE   733,251 0 0
TERADYNE INC COM 880770102 13,311 686,470 SH   SOLE   686,470 0 0
TEREX CORPORATION COM 880779103 3,812 120,000 SH   SOLE   120,000 0 0
TESLA MOTORS INC. COM 88160R101 81,406 335,446 SH   SOLE   335,446 0 0
TESORO CORPORATION COM 881609101 14,220 233,185 SH   SOLE   233,185 0 0
TEVA PHARMACEUT(ADR) ADR 881624209 10,941 203,550 SH   SOLE   203,550 0 0
TEXAS INSTRUMENTS COM 882508104 93,265 1,955,642 SH   SOLE   1,955,642 0 0
TEXTRON COM 883203101 17,854 496,070 SH   SOLE   496,070 0 0
THE ADT CORPORATION COM 00101J106 11,216 316,303 SH   SOLE   316,303 0 0
THE HERSHEY COMPANY COM 427866108 36,123 378,524 SH   SOLE   378,524 0 0
THE MOSAIC COMPANY COM 61945C103 45,047 1,014,351 SH   SOLE   1,014,351 0 0
THERMO FISHER SCIENT COM 883556102 111,797 918,628 SH   SOLE   918,628 0 0
TIFFANY & CO. COM 886547108 55,947 580,907 SH   SOLE   580,907 0 0
TIM PARTICIPACOES ADR 88706P205 819 31,241 SH   SOLE   31,241 0 0
TIME INC COM 887228104 293 12,511 SH   SOLE   12,511 0 0
TIME WARNER CABLE COM 88732J207 72,786 507,255 SH   SOLE   507,255 0 0
TIME WARNER INC COM 887317303 156,668 2,083,078 SH   SOLE   2,083,078 0 0
TJX COMPANIES COM 872540109 120,425 2,035,234 SH   SOLE   2,035,234 0 0
T-MOBILE US INC COM 872590104 12,401 429,529 SH   SOLE   429,529 0 0
TOLL BROTHERS INC. COM 889478103 9,377 300,946 SH   SOLE   300,946 0 0
TORCHMARK CORP COM 891027104 12,843 245,234 SH   SOLE   245,234 0 0
TOTAL SYSTEM SERVICE COM 891906109 9,815 317,020 SH   SOLE   317,020 0 0
TOWERS WATSON & CO COM 891894107 12,654 127,180 SH   SOLE   127,180 0 0
TRACTOR SUPPLY CO COM 892356106 15,320 249,069 SH   SOLE   249,069 0 0
TRANSDIGM GROUP INC COM 893641100 16,716 90,684 SH   SOLE   90,684 0 0
TRAVELERS COMPANIES COM 89417E109 63,735 678,467 SH   SOLE   678,467 0 0
TRIMBLE NAVIGATION COM 896239100 14,252 467,276 SH   SOLE   467,276 0 0
TRIPADVISOR INC COM 896945201 87,872 961,186 SH   SOLE   961,186 0 0
TRIUMPH GROUP INC. COM 896818101 7,481 115,000 SH   SOLE   115,000 0 0
TRW AUTOMOTIVE HLDGS COM 87264S106 20,664 204,088 SH   SOLE   204,088 0 0
TWENTY-FIRST CENT(A) COM 90130A101 88,238 2,573,274 SH   SOLE   2,573,274 0 0
TWENTY-FIRST CENT(B) COM 90130A200 26,594 798,378 SH   SOLE   798,378 0 0
TWITTER INC COM 90184L102 44,617 865,000 SH   SOLE   865,000 0 0
TYCO INTL LTD COM H89128104 37,110 832,628 SH   SOLE   832,628 0 0
TYSON FOODS CL 'A' COM 902494103 26,795 680,585 SH   SOLE   680,585 0 0
U.S. BANCORP COM 902973304 194,327 4,645,631 SH   SOLE   4,645,631 0 0
UDR INC COM 902653104 12,196 447,558 SH   SOLE   447,558 0 0
ULTA SALON COSMETICS COM 90384S303 12,972 109,770 SH   SOLE   109,770 0 0
ULTRA PETROLEUM CORP COM 903914109 35,439 1,523,613 SH   SOLE   1,523,613 0 0
ULTRAPAR PARTIC(ADR) ADR 90400P101 1,297 61,400 SH   SOLE   61,400 0 0
UNDER ARMOUR -CL A COM 904311107 20,364 294,707 SH   SOLE   294,707 0 0
UNION PACIFIC COM 907818108 179,762 1,658,018 SH   SOLE   1,658,018 0 0
UNITED CONTINENTAL COM 910047109 7,860 167,992 SH   SOLE   167,992 0 0
UNITED MICROELEC(ADR ADR 910873405 613 308,200 SH   SOLE   308,200 0 0
UNITED NATURAL FOODS COM 911163103 5,531 90,000 SH   SOLE   90,000 0 0
UNITED PARCEL SRV-B COM 911312106 145,776 1,483,117 SH   SOLE   1,483,117 0 0
UNITED RENTALS INC. COM 911363109 38,452 346,101 SH   SOLE   346,101 0 0
UNITED TECHNOLOGIES COM 913017109 208,774 1,977,023 SH   SOLE   1,977,023 0 0
UNITEDHEALTH GROUP COM 91324P102 168,829 1,957,443 SH   SOLE   1,957,443 0 0
UNIVERSAL HEALTH-B COM 913903100 17,294 165,489 SH   SOLE   165,489 0 0
UNUM GROUP COM 91529Y106 16,292 473,889 SH   SOLE   473,889 0 0
URBAN OUTFITTERS INC COM 917047102 7,470 203,543 SH   SOLE   203,543 0 0
V.F. CORP COM 918204108 40,901 619,438 SH   SOLE   619,438 0 0
VALE SA (ADR)(PFD) ADR 91912E204 613 63,100 SH   SOLE   63,100 0 0
VALERO ENERGY CORP. COM 91913Y100 58,463 1,263,509 SH   SOLE   1,263,509 0 0
VANTIV INC-CL A COM 92210H105 11,341 367,029 SH   SOLE   367,029 0 0
VARIAN MEDICAL SYSTE COM 92220P105 42,720 533,204 SH   SOLE   533,204 0 0
VCA INC COM 918194101 9,278 235,900 SH   SOLE   235,900 0 0
VENTAS INC. COM 92276F100 34,197 552,002 SH   SOLE   552,002 0 0
VERISIGN INC. COM 92343E102 12,766 231,600 SH   SOLE   231,600 0 0
VERISK ANALYTICS -A COM 92345Y106 17,925 294,383 SH   SOLE   294,383 0 0
VERIZON COMMUNICAT. COM 92343V104 451,778 9,037,367 SH   SOLE   9,037,367 0 0
VERTEX PHARMACEUTIC. COM 92532F100 47,469 422,657 SH   SOLE   422,657 0 0
VIACOM INC.CLS-B NEW COM 92553P201 75,078 975,796 SH   SOLE   975,796 0 0
VINA CONCHA Y T(ADR) ADR 927191106 604 15,210 SH   SOLE   15,210 0 0
VISA INC-CL A SHARES COM 92826C839 238,235 1,116,535 SH   SOLE   1,116,535 0 0
VMWARE INC. CLASS-A COM 928563402 14,206 151,385 SH   SOLE   151,385 0 0
VORNADO REALTY TRUST COM 929042109 30,657 306,688 SH   SOLE   306,688 0 0
VOYA FINANCIAL INC COM 929089100 12,406 317,277 SH   SOLE   317,277 0 0
VULCAN MATERIALS CO COM 929160109 14,034 233,010 SH   SOLE   233,010 0 0
WAL MART STORES INC. COM 931142103 293,872 3,842,967 SH   SOLE   3,842,967 0 0
WALGREEN CO. COM 931422109 97,427 1,643,787 SH   SOLE   1,643,787 0 0
WALT DISNEY CO COM 254687106 271,498 3,049,507 SH   SOLE   3,049,507 0 0
WASTE MANAGEMENT INC COM 94106L109 43,395 912,997 SH   SOLE   912,997 0 0
WATERS CORPORATION COM 941848103 64,096 646,653 SH   SOLE   646,653 0 0
WATSCO INC. COM 942622200 29,732 345,000 SH   SOLE   345,000 0 0
WELLPOINT INC. COM 94973V107 148,990 1,245,529 SH   SOLE   1,245,529 0 0
WELLS FARGO COMPANY COM 949746101 502,180 9,681,511 SH   SOLE   9,681,511 0 0
WESTERN DIGITAL CORP COM 958102105 41,820 429,719 SH   SOLE   429,719 0 0
WESTERN UNION COM. COM 959802109 16,334 1,018,349 SH   SOLE   1,018,349 0 0
WESTLAKE CHEMICAL COM 960413102 7,203 83,181 SH   SOLE   83,181 0 0
WEYERHAEUSER COM 962166104 31,245 980,686 SH   SOLE   980,686 0 0
WHIRLPOOL CORP COM 963320106 34,382 236,056 SH   SOLE   236,056 0 0
WHITING PETROLEUM CO COM 966387102 16,836 217,100 SH   SOLE   217,100 0 0
WHOLE FOODS MARKET COM 966837106 47,232 1,239,356 SH   SOLE   1,239,356 0 0
WILLIAMS COMPANIES COM 969457100 70,254 1,269,273 SH   SOLE   1,269,273 0 0
WILLIS GROUP HLDGS COM G96666105 12,801 309,191 SH   SOLE   309,191 0 0
WINDSTREAM HOLDINGS COM 97382A101 11,837 1,098,068 SH   SOLE   1,098,068 0 0
WIPRO LIMITED (ADR) ADR 97651M109 6,683 549,597 SH   SOLE   549,597 0 0
WISCONSIN ENERGY COM 976657106 22,099 513,928 SH   SOLE   513,928 0 0
WORKDAY INC COM 98138H101 28,218 342,036 SH   SOLE   342,036 0 0
WYNDHAM WORLDWIDE CO COM 98310W108 18,866 232,163 SH   SOLE   232,163 0 0
WYNN RESORTS LIMITED COM 983134107 27,201 145,400 SH   SOLE   145,400 0 0
XCEL ENERGY INC COM 98389B100 30,752 1,011,566 SH   SOLE   1,011,566 0 0
XEROX COM 984121103 35,937 2,716,348 SH   SOLE   2,716,348 0 0
XILINX INC. COM 983919101 57,249 1,351,801 SH   SOLE   1,351,801 0 0
XL GROUP PLC COM G98290102 16,965 511,443 SH   SOLE   511,443 0 0
XYLEM INC. COM 98419M100 12,188 343,430 SH   SOLE   343,430 0 0
YAHOO! INC. COM 984332106 71,553 1,755,912 SH   SOLE   1,755,912 0 0
YUM! BRANDS INC COM 988498101 57,495 798,770 SH   SOLE   798,770 0 0
ZIMMER HOLDINGS INC. COM 98956P102 30,591 304,232 SH   SOLE   304,232 0 0
ZIONS BANCORPORATION COM 989701107 24,913 857,279 SH   SOLE   857,279 0 0
ZOETIS INC COM 98978V103 33,070 894,999 SH   SOLE   894,999 0 0
ALIBABA GROUP HO(ADR ADR 01609W102 6,706 75,470 SH   SOLE   75,470 0 0
FNF GROUP COM 31620R303 12,504 450,757 SH   SOLE   450,757 0 0
LIBERTY MEDIA CORP-C COM 531229300 17,680 376,255 SH   SOLE   376,255 0 0
WEATHERFORD INTERNAT COM G48833100 29,351 1,411,108 SH   SOLE   1,411,108 0 0
TIMKENSTEEL CORP COM 887399103 325 7,000 SH   SOLE   7,000 0 0
ETFS GOLD TR COM 26922Y105 9,241 78,000 SH   SOLE   78,000 0 0
POWERSHARES QQQ TRUST COM 73935A104 593 6,000 SH   SOLE   6,000 0 0
SPDR S&P 500 ETF TR COM 78462F103 10,048 51,000 SH   SOLE   51,000 0 0