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
ENSCO PLC SHS CLASS A G3157S106 15,392 286,358 SH   SOLE   7,858 2,000 276,500
MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 341 29,666 SH   SOLE   29,666 0 0
RENAISSANCERE HOLDINGS LTD COM G7496G103 16,175 178,668 SH   SOLE   5,968 1,200 171,500
WEATHERFORD INTERNATIONAL LT REG SHS H27013103 87,201 5,688,213 SH   SOLE   250,813 34,100 5,403,300
TE CONNECTIVITY LTD REG SHS H84989104 20,686 399,506 SH   SOLE   12,029 2,400 385,077
YANDEX N V SHS CLASS A N97284108 277 7,600 SH   SOLE   0 7,600 0
ADVANCE AUTO PARTS INC COM 00751Y106 688 8,326 SH   SOLE   8,326 0 0
AEROPOSTALE COM 007865108 866 92,100 SH   SOLE   92,100 0 0
APACHE CORP COM 037411105 1,677 19,700 SH   SOLE   19,700 0 0
APOLLO GROUP INC CL A 037604105 806 38,700 SH   SOLE   38,700 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L104 796 58,200 SH   SOLE   31,300 0 26,900
BANCO SANTANDER SA ADR 05964H105 817 99,965 SH   SOLE   50,525 0 49,440
BANK NEW YORK MELLON CORP COM 064058100 1,763 58,401 SH   SOLE   58,401 0 0
BARCLAYS PLC ADR 06738E204 616 36,134 SH   SOLE   16,156 0 19,978
CAPITAL ONE FINL CORP COM 14040H105 2,232 32,470 SH   SOLE   32,470 0 0
CITIGROUP INC COM NEW 172967424 698 14,381 SH   SOLE   14,381 0 0
COACH INC COM 189754104 1,633 29,950 SH   SOLE   29,950 0 0
CREDIT SUISSE GROUP SPONSORED ADR 225401108 1,874 61,369 SH   SOLE   40,260 0 21,109
DEVRY INC DEL COM 251893103 1,091 35,700 SH   SOLE   35,700 0 0
DOLLAR GEN CORP NEW COM 256677105 1,158 20,500 SH   SOLE   20,500 0 0
GENERAL DYNAMICS CORP COM 369550108 800 9,136 SH   SOLE   9,136 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 1,672 10,567 SH   SOLE   10,567 0 0
GUESS INC COM 401617105 1,691 56,651 SH   SOLE   56,651 0 0
KOHLS CORP COM 500255104 2,657 51,343 SH   SOLE   51,343 0 0
L-3 COMMUNICATIONS HLDGS INC COM 502424104 411 4,344 SH   SOLE   4,344 0 0
MICROSOFT CORP COM 594918104 2,502 75,134 SH   SOLE   75,134 0 0
ORACLE CORP COM 68389X105 2,574 77,601 SH   SOLE   77,601 0 0
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 16,501 986,300 SH   SOLE   3,000 0 983,300
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 14,818 956,605 SH   SOLE   103,005 13,500 840,100
PROCTER & GAMBLE CO COM 742718109 355 4,699 SH   SOLE   4,699 0 0
QUALCOMM INC COM 747525103 1,542 22,900 SH   SOLE   22,900 0 0
RENREN INC SPONSORED ADR 759892102 47 13,800 SH   SOLE   13,800 0 0
ROYAL BK SCOTLAND GROUP PLC SPONS ADR 20 ORD 780097689 777 67,000 SH   SOLE   58,900 0 8,100
SOUTHWESTERN ENERGY CO COM 845467109 869 23,874 SH   SOLE   23,874 0 0
TRW AUTOMOTIVE HLDGS CORP COM 87264S106 1,634 22,902 SH   SOLE   22,902 0 0
ULTRA PETROLEUM CORP COM 903914109 54,241 2,636,846 SH   SOLE   155,241 15,600 2,466,005
WYNN RESORTS LTD COM 983134107 917 5,802 SH   SOLE   5,802 0 0