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 1,025 6,803 SH   SOLE   6,803 0 0
ABB Ltd ADR COM 000375204 709 40,000 SH   SOLE   40,000 0 0
Aegion Corp COM 00770F104 193 10,000 SH   SOLE   10,000 0 0
AerCap Hldgs NV COM N00985106 598 13,850 SH   SOLE   13,850 0 0
Aerovironment Inc COM 008073108 295 10,000 SH   SOLE   10,000 0 0
AGCO Corp COM 001084102 227 5,000 SH   SOLE   5,000 0 0
Agrium Inc COM 008916108 536 6,000 SH   SOLE   6,000 0 0
Airbus Group SE COM 401225909 674 10,000 SH   SOLE   10,000 0 0
Alcoa Inc COM 013817101 318 32,240 SH   SOLE   32,240 0 0
Alibaba Grp Hldgs Sp ADR COM 01609w102 813 10,000 SH   SOLE   10,000 0 0
Allergan PLC COM g0177j108 40,003 128,011 SH   SOLE   128,011 0 0
Allianz SE ADR COM 018805101 617 35,000 SH   SOLE   35,000 0 0
Alphabet Inc Cl A COM 02079k305 296 381 SH   SOLE   381 0 0
Alphabet Inc Cl C COM 02079k107 62,265 82,048 SH   SOLE   82,048 0 0
Alumina Ltd ADR COM 022205108 332 100,000 SH   SOLE   100,000 0 0
Amazon.com Inc COM 023135106 61,105 90,406 SH   SOLE   90,406 0 0
Ambev SA Sp ADR COM 02319v103 446 100,000 SH   SOLE   100,000 0 0
AMERCO COM 023586100 40,938 105,103 SH   SOLE   105,103 0 0
America Movil SAB de CV ADR COM 02364W105 141 10,000 SH   SOLE   10,000 0 0
American Elec Power COM 025537101 233 4,000 SH   SOLE   4,000 0 0
American Water Works COM 030420103 37,655 630,205 SH   SOLE   630,205 0 0
Anheuser-Busch InBev ADR COM 03524A108 1,266 10,125 SH   SOLE   10,125 0 0
Apple Inc COM 037833100 58,267 553,555 SH   SOLE   553,555 0 0
Aqua America Inc COM 03836W103 373 12,500 SH   SOLE   12,500 0 0
ArcelorMittal NY Reg COM 03938L104 127 30,000 SH   SOLE   30,000 0 0
Archer Daniels Midland COM 039483102 257 7,000 SH   SOLE   7,000 0 0
ARM Hldgs PLC ADR COM 042068106 24,883 550,017 SH   SOLE   550,017 0 0
AstraZeneca PLC ADR COM 046353108 1,019 30,000 SH   SOLE   30,000 0 0
Athenahealth Inc COM 04685W103 402 2,498 SH   SOLE   2,498 0 0
Australia & NZ Bnkg Grp ADR COM 052528304 202 10,000 SH   SOLE   10,000 0 0
Autoliv Inc COM 052800109 1,684 13,500 SH   SOLE   13,500 0 0
Baidu Inc ADR COM 056752108 1,040 5,500 SH   SOLE   5,500 0 0
Ballard Power Systems COM 058586108 312 200,000 SH   SOLE   200,000 0 0
Banco Santander SA ADR COM 05964H105 249 51,063 SH   SOLE   51,063 0 0
Bank of Montreal COM 063671101 282 5,000 SH   SOLE   5,000 0 0
Barclays PLC ADR COM 06738E204 526 40,560 SH   SOLE   40,560 0 0
Barrick Gold Corp COM 067901108 812 110,000 SH   SOLE   110,000 0 0
Becton Dickinson COM 075887109 389 2,522 SH   SOLE   2,522 0 0
Berkshire Hathaway Cl A COM 084670108 1,978 10 SH   SOLE   10 0 0
Berkshire Hathaway Cl B COM 084670702 238 1,800 SH   SOLE   1,800 0 0
BHP Billiton Ltd ADR COM 088606108 258 10,000 SH   SOLE   10,000 0 0
Biogen IDEC Inc COM 09062x103 320 1,045 SH   SOLE   1,045 0 0
Boeing Co COM 097023105 31,600 218,550 SH   SOLE   218,550 0 0
BorgWarner Inc COM 099724106 259 6,000 SH   SOLE   6,000 0 0
Boston Beer Co Cl A COM 100557107 333 1,650 SH   SOLE   1,650 0 0
Boston Properties Inc REIT COM 101121101 21,168 165,968 SH   SOLE   165,968 0 0
Boston Scientific Corp COM 101137107 22,580 1,224,497 SH   SOLE   1,224,497 0 0
BP PLC Sp ADR COM 055622104 938 30,000 SH   SOLE   30,000 0 0
BRF SA ADR COM 10552T107 346 25,000 SH   SOLE   25,000 0 0
Bristol-Myers Squibb COM 110122108 39,107 568,500 SH   SOLE   568,500 0 0
British Am Tobacco ADR COM 110448107 773 7,000 SH   SOLE   7,000 0 0
Brookdale Sr Living COM 112463104 185 10,000 SH   SOLE   10,000 0 0
Brookfield Asset Mgmt COM 112585104 473 15,000 SH   SOLE   15,000 0 0
Brown-Forman Corp Cl B COM 115637209 496 5,000 SH   SOLE   5,000 0 0
BT Group PLC ADR COM 05577E101 692 20,000 SH   SOLE   20,000 0 0
Bunge Ltd COM G16962105 273 4,000 SH   SOLE   4,000 0 0
CaesarStone Sdot Yam COM M20598104 282 6,500 SH   SOLE   6,500 0 0
Calgon Carbon Corp COM 129603106 259 15,000 SH   SOLE   15,000 0 0
California Resources Corp COM 13057q107 102 43,600 SH   SOLE   43,600 0 0
Cameco Corp COM 13321L108 123 10,000 SH   SOLE   10,000 0 0
Canadian Natl Rwy Co COM 136375102 1,341 24,000 SH   SOLE   24,000 0 0
Canadian Natural Res COM 136385101 786 36,000 SH   SOLE   36,000 0 0
Canadian Pacific Rwy COM 13645T100 533 4,175 SH   SOLE   4,175 0 0
Canon Inc ADR COM 138006309 603 20,000 SH   SOLE   20,000 0 0
Caterpillar Inc COM 149123101 24,712 363,624 SH   SOLE   363,624 0 0
Cavium Inc COM 14964U108 329 5,000 SH   SOLE   5,000 0 0
CBL Assoc Ppty REIT COM 124830100 3,395 274,435 SH   SOLE   274,435 0 0
Celgene Corp COM 151020104 560 4,675 SH   SOLE   4,675 0 0
Cemex SAB de CV ADR COM 151290889 223 40,000 SH   SOLE   40,000 0 0
Cepheid Inc COM 15670R107 219 6,000 SH   SOLE   6,000 0 0
Cerner Corp COM 156782104 371 6,170 SH   SOLE   6,170 0 0
Check Point Software COM M22465104 1,724 21,190 SH   SOLE   21,190 0 0
China Mobile Ltd ADR COM 16941M109 563 10,000 SH   SOLE   10,000 0 0
China Petro & Chem Corp ADR COM 16941R108 300 5,000 SH   SOLE   5,000 0 0
China Telecom Corp ADR COM 169426103 465 10,000 SH   SOLE   10,000 0 0
Church & Dwight Co COM 171340102 40,240 474,084 SH   SOLE   474,084 0 0
Citrix Systems Inc COM 177376100 303 4,000 SH   SOLE   4,000 0 0
Clean Harbors Inc COM 184496107 208 5,000 SH   SOLE   5,000 0 0
CNH Industrial NV COM n20944109 684 100,000 SH   SOLE   100,000 0 0
CNOOC Ltd ADR COM 126132109 313 3,000 SH   SOLE   3,000 0 0
Coca-Cola Co COM 191216100 553 12,880 SH   SOLE   12,880 0 0
Coca Cola Femsa ADR COM 191241108 354 5,000 SH   SOLE   5,000 0 0
Comcast Corp Cl A COM 20030N101 337 5,980 SH   SOLE   5,980 0 0
ConocoPhillips COM 20825C104 3,250 69,600 SH   SOLE   69,600 0 0
Cooper Tire & Rubber COM 216831107 379 10,000 SH   SOLE   10,000 0 0
Corning Inc COM 219350105 183 10,000 SH   SOLE   10,000 0 0
Costco Wholesale Corp COM 22160K105 49,454 306,214 SH   SOLE   306,214 0 0
Covanta Hldg Corp COM 22282E102 201 13,000 SH   SOLE   13,000 0 0
Curtiss-Wright Corp COM 231561101 343 5,000 SH   SOLE   5,000 0 0
CVS Health Corp COM 126650100 20,157 206,170 SH   SOLE   206,170 0 0
CyberArk Software Ltd COM m2682v108 271 6,000 SH   SOLE   6,000 0 0
DaVita HealthCare Ptnrs COM 23918k108 349 5,000 SH   SOLE   5,000 0 0
Dexcom Inc COM 252131107 1,065 13,000 SH   SOLE   13,000 0 0
Diageo PLC ADR COM 25243Q205 1,091 10,000 SH   SOLE   10,000 0 0
Dominion Diamond COM 257287102 102 10,000 SH   SOLE   10,000 0 0
Dow Chemical Co COM 260543103 33,803 656,627 SH   SOLE   656,627 0 0
Dr Reddy's Lab ADR COM 256135203 1,204 26,000 SH   SOLE   26,000 0 0
E I DuPont COM 263534109 666 10,000 SH   SOLE   10,000 0 0
Eastman Chemical Co COM 277432100 270 4,000 SH   SOLE   4,000 0 0
Ebay Inc COM 278642103 276 10,049 SH   SOLE   10,049 0 0
Ecolab Inc COM 278865100 32,380 283,092 SH   SOLE   283,092 0 0
Edwards Lifesciences COM 28176E108 552 6,990 SH   SOLE   6,990 0 0
Electronic Arts Inc COM 285512109 10,465 152,285 SH   SOLE   152,285 0 0
Embraer SA ADR COM 29082A107 945 32,000 SH   SOLE   32,000 0 0
Enbridge Inc COM 29250N105 332 10,000 SH   SOLE   10,000 0 0
Encana Corp COM 292505104 127 25,000 SH   SOLE   25,000 0 0
Eni SPA ADR COM 26874R108 298 10,000 SH   SOLE   10,000 0 0
Equifax Inc COM 294429105 557 5,000 SH   SOLE   5,000 0 0
Ericsson LM Tel Sp ADR COM 294821608 384 40,000 SH   SOLE   40,000 0 0
Expedia Inc COM 30212P303 497 4,000 SH   SOLE   4,000 0 0
Exxon Mobil Corp COM 30231G102 41,219 528,789 SH   SOLE   528,789 0 0
Facebook Inc Cl A COM 30303M102 37,145 354,915 SH   SOLE   354,915 0 0
FedEx Corp COM 31428X106 206 1,382 SH   SOLE   1,382 0 0
Fiat Chrysler Automobiles NV COM n31738102 1,399 100,000 SH   SOLE   100,000 0 0
FireEye Inc COM 31816q101 228 11,000 SH   SOLE   11,000 0 0
Ford Motor Company COM 345370860 30,587 2,170,849 SH   SOLE   2,170,849 0 0
Fortinet Inc COM 34959E109 312 10,000 SH   SOLE   10,000 0 0
Freeport-McMoRan Inc COM 35671D857 249 36,720 SH   SOLE   36,720 0 0
Fresenius Med Care ADR COM 358029106 502 12,000 SH   SOLE   12,000 0 0
GasLog Ltd COM G37585109 1,382 166,450 SH   SOLE   166,450 0 0
GasLog Partners LP COM y2687w108 284 20,000 SH   SOLE   20,000 0 0
Generac Hldgs Inc COM 368736104 982 33,000 SH   SOLE   33,000 0 0
General Electric Co COM 369604103 27,438 880,819 SH   SOLE   880,819 0 0
Gilead Sciences Inc COM 375558103 32,095 317,176 SH   SOLE   317,176 0 0
GlaxoSmithKline PLC ADR COM 37733W105 1,009 25,000 SH   SOLE   25,000 0 0
GoPro Inc Cl A COM 38268T103 731 40,563 SH   SOLE   40,563 0 0
Grupo Televisa SA ADR COM 40049J206 408 15,000 SH   SOLE   15,000 0 0
Hain Celestial Grp COM 405217100 393 9,725 SH   SOLE   9,725 0 0
Harman Intl Inds COM 413086109 283 3,000 SH   SOLE   3,000 0 0
Harris Corp COM 413875105 348 4,000 SH   SOLE   4,000 0 0
Headwaters Inc COM 42210p102 169 10,000 SH   SOLE   10,000 0 0
Heico Corp COM 422806109 326 6,000 SH   SOLE   6,000 0 0
Hess Corp COM 42809H107 663 13,685 SH   SOLE   13,685 0 0
Hilton Worldwide Hldgs COM 43300a104 19,426 907,766 SH   SOLE   907,766 0 0
Hitachi Ltd ADR COM 433578507 567 10,000 SH   SOLE   10,000 0 0
Home Depot Inc COM 437076102 44,432 335,968 SH   SOLE   335,968 0 0
Honda Motor Co ADR COM 438128308 319 10,000 SH   SOLE   10,000 0 0
Honeywell International COM 438516106 49,276 475,771 SH   SOLE   475,771 0 0
Hormel Foods Corp COM 440452100 253 3,200 SH   SOLE   3,200 0 0
HSBC Hldgs PLC ADR COM 404280406 592 15,000 SH   SOLE   15,000 0 0
Huntington Ingalls Inds COM 446413106 317 2,500 SH   SOLE   2,500 0 0
IBM Corp COM 459200101 9,608 69,815 SH   SOLE   69,815 0 0
ICICI Bank Ltd ADR COM 45104G104 392 50,000 SH   SOLE   50,000 0 0
Illumina Inc COM 452327109 480 2,500 SH   SOLE   2,500 0 0
Imperial Oil Ltd COM 453038408 567 17,450 SH   SOLE   17,450 0 0
Infosys Ltd Sp ADR COM 456788108 436 26,000 SH   SOLE   26,000 0 0
Intuitive Surgical Inc COM 46120E602 344 630 SH   SOLE   630 0 0
iShares MSCI EAFE ETF COM 464287465 670 11,414 SH   SOLE   11,414 0 0
ITC Hldgs Corp COM 465685105 356 9,080 SH   SOLE   9,080 0 0
ITT Corp COM 450911201 254 7,000 SH   SOLE   7,000 0 0
Jarden Corp COM 471109108 35,391 619,597 SH   SOLE   619,597 0 0
Johnson & Johnson COM 478160104 1,933 18,820 SH   SOLE   18,820 0 0
Johnson Controls COM 478366107 257 6,500 SH   SOLE   6,500 0 0
Koninklijke Philips NV COM 500472303 509 20,000 SH   SOLE   20,000 0 0
L-3 Comm Hldgs COM 502424104 277 2,320 SH   SOLE   2,320 0 0
LG Display Co Ltd COM 50186V102 313 30,000 SH   SOLE   30,000 0 0
Lindsay Corp COM 535555106 253 3,500 SH   SOLE   3,500 0 0
Live Nation Entmt Inc COM 538034109 246 10,000 SH   SOLE   10,000 0 0
Lockheed Martin Corp COM 539830109 49,721 228,971 SH   SOLE   228,971 0 0
LogMeIn Inc COM 54142L109 537 8,000 SH   SOLE   8,000 0 0
Lululemon Athletica COM 550021109 3,201 61,000 SH   SOLE   61,000 0 0
Luxottica Grp SPA ADR COM 55068R202 1,297 20,003 SH   SOLE   20,003 0 0
M&T Bank Corp COM 55261f104 364 3,000 SH   SOLE   3,000 0 0
Marathon Oil Corp COM 565849106 317 25,200 SH   SOLE   25,200 0 0
Masco Corp COM 574599106 404 14,275 SH   SOLE   14,275 0 0
McDonalds Corp COM 580135101 236 1,996 SH   SOLE   1,996 0 0
Mettler-Toledo Intl COM 592688105 441 1,300 SH   SOLE   1,300 0 0
Microsoft Corp COM 594918104 643 11,598 SH   SOLE   11,598 0 0
Mitsubishi UFJ Finl Grp ADR COM 606822104 311 50,000 SH   SOLE   50,000 0 0
Mobileye NV COM n51488117 803 19,000 SH   SOLE   19,000 0 0
Mohawk Industries COM 608190104 369 1,950 SH   SOLE   1,950 0 0
MTN Group Ltd COM 35G99Q582 322 37,500 SH   SOLE   37,500 0 0
Netflix Inc COM 64110L106 21,071 184,220 SH   SOLE   184,220 0 0
NextEra Energy Inc COM 65339F101 33,053 318,153 SH   SOLE   318,153 0 0
NICE Systems Ltd Sp ADR COM 653656108 573 10,000 SH   SOLE   10,000 0 0
Nippon T & T ADR COM 654624105 795 20,000 SH   SOLE   20,000 0 0
Nokia Corp Sp ADR COM 654902204 351 50,000 SH   SOLE   50,000 0 0
Northrop Grumman COM 666807102 666 3,525 SH   SOLE   3,525 0 0
Novartis AG Sp ADR COM 66987V109 1,308 15,200 SH   SOLE   15,200 0 0
Novo Nordisk A/S ADR COM 670100205 1,452 25,000 SH   SOLE   25,000 0 0
NTT DOCOMO ADR COM 62942M201 410 20,000 SH   SOLE   20,000 0 0
Nucor Corp COM 670346105 282 7,000 SH   SOLE   7,000 0 0
NXP Semiconductors NV COM n6596x109 253 3,000 SH   SOLE   3,000 0 0
Occidental Petroleum COM 674599105 7,005 103,613 SH   SOLE   103,613 0 0
Old Dominion Freight Line COM 679580100 337 5,700 SH   SOLE   5,700 0 0
Ollie's Bargain Outlet Hldgs COM 681116109 170 10,000 SH   SOLE   10,000 0 0
Orbital ATK Inc COM 68557n103 625 7,000 SH   SOLE   7,000 0 0
OSI Systems Inc COM 671044105 443 5,000 SH   SOLE   5,000 0 0
Owens Corning Inc COM 690742101 306 6,500 SH   SOLE   6,500 0 0
Palo Alto Networks Inc COM 697435105 37,776 214,465 SH   SOLE   214,465 0 0
Panasonic Corp ADR COM 69832A205 304 30,000 SH   SOLE   30,000 0 0
PayPal Holdings Inc COM 70450y103 500 13,799 SH   SOLE   13,799 0 0
Pentair PLC COM G7S00T104 223 4,500 SH   SOLE   4,500 0 0
PetroChina Co Ltd ADR COM 71646E100 328 5,000 SH   SOLE   5,000 0 0
Pfizer Inc COM 717081103 1,616 50,053 SH   SOLE   50,053 0 0
Phillips 66 COM 718546104 1,017 12,430 SH   SOLE   12,430 0 0
Plug Power Inc COM 72919p202 158 75,000 SH   SOLE   75,000 0 0
Plum Creek Timber Co COM 729251108 382 8,000 SH   SOLE   8,000 0 0
Potash Corp COM 73755L107 360 21,000 SH   SOLE   21,000 0 0
Priceline Group Inc COM 741503403 382 300 SH   SOLE   300 0 0
Procter & Gamble Co COM 742718109 331 4,166 SH   SOLE   4,166 0 0
ProShares UltraPro Short S&P 5 COM 74348a442 523 16,500 SH   SOLE   16,500 0 0
ProShares UltraShort S&P 500 E COM 74347B300 1,791 89,858 SH   SOLE   89,858 0 0
Prudential Financial Inc COM 744320102 30,219 371,193 SH   SOLE   371,193 0 0
Prudential PLC ADR COM 74435K204 676 15,000 SH   SOLE   15,000 0 0
Pulte Group Inc COM 745867101 276 15,500 SH   SOLE   15,500 0 0
Qualcomm Inc COM 747525103 401 8,026 SH   SOLE   8,026 0 0
Quanta Services Inc COM 74762E102 203 10,000 SH   SOLE   10,000 0 0
Raytheon Co COM 755111507 20,179 162,040 SH   SOLE   162,040 0 0
Red Hat Inc COM 756577102 625 7,550 SH   SOLE   7,550 0 0
Republic Services Inc COM 760759100 220 5,000 SH   SOLE   5,000 0 0
Rio Tinto PLC ADR COM 767204100 291 10,000 SH   SOLE   10,000 0 0
Rockwell Automation COM 773903109 259 2,523 SH   SOLE   2,523 0 0
Rogers Comm Cl B COM 775109960 515 15,000 SH   SOLE   15,000 0 0
Roper Technologies Inc COM 776696106 437 2,300 SH   SOLE   2,300 0 0
Royal Bank of Canada COM 780087102 536 10,000 SH   SOLE   10,000 0 0
Ryl Dutch Shell ADR Cl A COM 780259206 934 20,400 SH   SOLE   20,400 0 0
Salesforce.com Inc COM 79466L302 392 5,000 SH   SOLE   5,000 0 0
Sanofi Sp ADR COM 80105N105 853 20,000 SH   SOLE   20,000 0 0
SAP SE ADR COM 803054204 791 10,000 SH   SOLE   10,000 0 0
Sasol Ltd ADR COM 803866300 375 14,000 SH   SOLE   14,000 0 0
Schlumberger Ltd COM 806857108 12,864 184,426 SH   SOLE   184,426 0 0
SeaWorld Entertainment COM 81282v100 197 10,000 SH   SOLE   10,000 0 0
Service Corp Intl COM 817565104 260 10,000 SH   SOLE   10,000 0 0
Sherwin Williams Co COM 824348106 37,081 142,839 SH   SOLE   142,839 0 0
Siemens AG ADR COM 826197501 769 8,000 SH   SOLE   8,000 0 0
SK Telecom Co ADR COM 78440P108 504 25,000 SH   SOLE   25,000 0 0
SM Energy Co COM 78454L100 216 11,000 SH   SOLE   11,000 0 0
Smith & Nephew PLC ADR COM 83175M205 1,068 30,000 SH   SOLE   30,000 0 0
Snap-On Inc COM 833034101 429 2,500 SH   SOLE   2,500 0 0
Sociedad Quimica y Minera de C COM 833635105 333 17,500 SH   SOLE   17,500 0 0
Southwest Airlines COM 844741108 818 19,000 SH   SOLE   19,000 0 0
SPDR S&P 500 ETF Tr COM 78462F103 649 3,184 SH   SOLE   3,184 0 0
Splunk Inc COM 848637104 294 5,000 SH   SOLE   5,000 0 0
Stanley Black & Decker COM 854502101 390 3,650 SH   SOLE   3,650 0 0
Starbucks Corp COM 855244109 29,279 487,736 SH   SOLE   487,736 0 0
Statoil ASA ADR COM 85771P102 349 25,000 SH   SOLE   25,000 0 0
Steel Dynamics Inc COM 858119100 11,211 627,365 SH   SOLE   627,365 0 0
Stericycle Inc COM 858912108 302 2,500 SH   SOLE   2,500 0 0
Stryker Corp COM 863667101 344 3,700 SH   SOLE   3,700 0 0
Suncor Energy Inc COM 867224107 369 14,300 SH   SOLE   14,300 0 0
SunEdison Inc COM 86732Y109 76 15,000 SH   SOLE   15,000 0 0
Syngenta AG ADR COM 87160A100 787 10,000 SH   SOLE   10,000 0 0
Synovus Finl Corp COM 87161c501 231 7,142 SH   SOLE   7,142 0 0
T-Mobile US Inc COM 872590104 12,859 328,695 SH   SOLE   328,695 0 0
Tableau Software Cl A COM 87336U105 330 3,500 SH   SOLE   3,500 0 0
Taiwan Semicon Mfg Co ADR COM 874039100 1,139 50,053 SH   SOLE   50,053 0 0
Tandem Diabetes Care COM 875372104 179 15,125 SH   SOLE   15,125 0 0
Taser Intl Inc COM 87651b104 1,056 61,100 SH   SOLE   61,100 0 0
Tata Motors Ltd ADR COM 876568502 1,031 35,000 SH   SOLE   35,000 0 0
Telefonica SA ADR COM 879382208 553 50,000 SH   SOLE   50,000 0 0
Telenor ASA ADR COM 87944W105 249 5,000 SH   SOLE   5,000 0 0
Tempur Sealy Intl Inc COM 88023u101 352 5,000 SH   SOLE   5,000 0 0
Tenaris SA ADR COM 88031M109 238 10,000 SH   SOLE   10,000 0 0
Tesla Motors Inc COM 88160R101 642 2,675 SH   SOLE   2,675 0 0
Teva Pharm Ind ADR COM 881624209 1,313 20,000 SH   SOLE   20,000 0 0
Tonix Pharmaceuticals COM 890260201 1,642 214,125 SH   SOLE   214,125 0 0
Toronto Dominion Bank COM 891160509 396 10,100 SH   SOLE   10,100 0 0
Toyota Motor ADR COM 892331307 1,230 10,000 SH   SOLE   10,000 0 0
Tractor Supply Co COM 892356106 415 4,855 SH   SOLE   4,855 0 0
TransCanada Corp COM 89353D107 326 10,000 SH   SOLE   10,000 0 0
Transocean Ltd COM H8817H100 248 20,000 SH   SOLE   20,000 0 0
Trovagene Inc COM 897238309 108 20,000 SH   SOLE   20,000 0 0
Under Armour Inc Cl A COM 904311107 27,435 340,340 SH   SOLE   340,340 0 0
Unilever NV (NY Shs) COM 904784709 1,516 35,000 SH   SOLE   35,000 0 0
Union Pacific Corp COM 907818108 18,728 239,491 SH   SOLE   239,491 0 0
UnitedHealth Grp Inc COM 91324P102 294 2,500 SH   SOLE   2,500 0 0
US Bancorp COM 902973304 33,901 794,493 SH   SOLE   794,493 0 0
US Oil Fund LP COM 91232n108 512 46,540 SH   SOLE   46,540 0 0
Vail Resorts Inc COM 91879q109 3,712 29,000 SH   SOLE   29,000 0 0
Vale SA ADR COM 91912E105 165 50,100 SH   SOLE   50,100 0 0
Valmont Industries COM 920253101 212 2,000 SH   SOLE   2,000 0 0
Visa Inc Cl A COM 92826C839 47,341 610,464 SH   SOLE   610,464 0 0
Vista Outdoor Inc COM 928377100 443 9,950 SH   SOLE   9,950 0 0
Vodafone Grp PLC ADR COM 92857W308 353 10,954 SH   SOLE   10,954 0 0
Volvo AB ADR COM 928856400 461 50,000 SH   SOLE   50,000 0 0
Vulcan Materials Co COM 929160109 7,966 83,880 SH   SOLE   83,880 0 0
Walt Disney Co COM 254687106 48,709 463,541 SH   SOLE   463,541 0 0
Waste Connections Inc COM 941053100 282 5,000 SH   SOLE   5,000 0 0
Waste Mgmt Inc COM 94106L109 464 8,700 SH   SOLE   8,700 0 0
Watts Water Tech Cl A COM 942749102 248 5,000 SH   SOLE   5,000 0 0
Weatherford Intl PLC COM G48833100 503 60,000 SH   SOLE   60,000 0 0
Wells Fargo & Co COM 949746101 463 8,510 SH   SOLE   8,510 0 0
Weyerhaeuser REIT COM 962166104 396 13,215 SH   SOLE   13,215 0 0
WhiteWave Foods Cl A COM 966244105 565 14,525 SH   SOLE   14,525 0 0
Whiting Petroleum Corp COM 966387102 109 11,535 SH   SOLE   11,535 0 0
Whole Foods Mkt Inc COM 966837106 201 6,000 SH   SOLE   6,000 0 0
Wipro Ltd ADR COM 97651M109 298 25,833 SH   SOLE   25,833 0 0
Xylem Inc COM 98419M100 365 10,000 SH   SOLE   10,000 0 0
Zillow Grp Inc Cl C COM 98954M200 235 10,000 SH   SOLE   10,000 0 0
ZIOPHARM Oncology Inc COM 98973p101 90 10,811 SH   SOLE   10,811 0 0