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
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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
WELLS FARGO & CO NEW COM 949746101 12,114 222,690 SH   SOLE   222,690 0 0
WASTE MGMT INC DEL COM 94106L109 987 18,200 SH   SOLE   18,200 0 0
VISA INC COM CL A 92826C839 523 8,000 SH   SOLE   8,000 0 0
VERMILION ENERGY INC COM 923725105 1,083 25,750 SH   SOLE   25,750 0 0
UNITEDHEALTH GROUP INC COM 91324P102 15,886 134,300 SH   SOLE   134,300 0 0
TUPPERWARE BRANDS CORP COM 899896104 1,864 27,000 SH   SOLE   27,000 0 0
TRAVELERS COMPANIES INC COM 89417E109 422 3,900 SH   SOLE   3,900 0 0
3M CO COM 88579Y101 363 2,200 SH   SOLE   2,200 0 0
TEXAS INSTRS INC COM 882508104 383 6,700 SH   SOLE   6,700 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 3,104 132,190 SH   SOLE   132,190 0 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 543 7,000 SH   SOLE   7,000 0 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 864 11,500 SH   SOLE   11,500 0 0
ROGERS COMMUNICATIONS INC CL B 775109200 6,039 180,400 SH   SOLE   180,400 0 0
QUANTA SVCS INC COM 74762E102 6,231 218,390 SH   SOLE   218,390 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 211 2,000 SH   SOLE   2,000 0 0
PLUM CREEK TIMBER CO INC COM 729251108 3,424 78,800 SH   SOLE   78,800 0 0
PFIZER INC COM 717081103 395 11,360 SH   SOLE   11,360 0 0
PEPSICO INC COM 713448108 10,711 112,018 SH   SOLE   112,018 0 0
ORACLE CORP COM 68389X105 16,511 382,652 SH   SOLE   382,652 0 0
NVIDIA CORP COM 67066G104 6,701 320,260 SH   SOLE   320,260 0 0
NASDAQ OMX GROUP INC COM 631103108 7,970 156,450 SH   SOLE   156,450 0 0
MONDELEZ INTL INC CL A 609207105 7,597 210,510 SH   SOLE   210,510 0 0
MICROSOFT CORP COM 594918104 11,555 284,210 SH   SOLE   284,210 0 0
MEDNAX INC COM 58502B106 943 13,000 SH   SOLE   13,000 0 0
MCDONALDS CORP COM 580135101 19,285 197,920 SH   SOLE   197,920 0 0
MARKET VECTORS ETF TR NATURAL RES ETF 57060U795 13,393 405,000 SH   SOLE   405,000 0 0
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 2,628 144,100 SH   SOLE   144,100 0 0
MARKEL CORP COM 570535104 923 1,200 SH   SOLE   1,200 0 0
M & T BK CORP COM 55261F104 7,968 62,740 SH   SOLE   62,740 0 0
LINCOLN NATL CORP IND COM 534187109 1,759 30,610 SH   SOLE   30,610 0 0
LKQ CORP COM 501889208 1,022 40,000 SH   SOLE   40,000 0 0
KINDER MORGAN INC DEL COM 49456B101 1,682 40,000 SH   SOLE   40,000 0 0
KIMBERLY CLARK CORP COM 494368103 5,463 51,000 SH   SOLE   51,000 0 0
JOHNSON & JOHNSON COM 478160104 12,495 124,205 SH   SOLE   124,205 0 0
ISHARES MSCI TURKEY ETF 464286715 19,094 411,500 SH   SOLE   411,500 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 1,364 8,500 SH   SOLE   8,500 0 0
HOST HOTELS & RESORTS INC COM 44107P104 3,676 182,140 SH   SOLE   182,140 0 0
HEALTH CARE REIT INC COM 42217K106 11,514 148,835 SH   SOLE   148,835 0 0
HASBRO INC COM 418056107 2,903 45,900 SH   SOLE   45,900 0 0
HALLIBURTON CO COM 406216101 3,861 87,980 SH   SOLE   87,980 0 0
HCP INC COM 40414L109 8,037 186,000 SH   SOLE   186,000 0 0
GOOGLE INC CL C 38259P706 559 1,020 SH   SOLE   1,020 0 0
GOOGLE INC CL A 38259P508 16,092 29,010 SH   SOLE   29,010 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 7,386 457,590 SH   SOLE   457,590 0 0
EXXON MOBIL CORP COM 30231G102 7,224 84,990 SH   SOLE   84,990 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 4,057 52,110 SH   SOLE   52,110 0 0
EMERSON ELEC CO COM 291011104 1,076 19,000 SH   SOLE   19,000 0 0
DONALDSON INC COM 257651109 1,056 28,000 SH   SOLE   28,000 0 0
DANAHER CORP DEL COM 235851102 7,388 87,020 SH   SOLE   87,020 0 0
DBX ETF TR XTRAK MSCI JAPN 233051507 234 5,700 SH   SOLE   5,700 0 0
CUMMINS INC COM 231021106 6,493 46,830 SH   SOLE   46,830 0 0
CONOCOPHILLIPS COM 20825C104 1,754 28,170 SH   SOLE   28,170 0 0
COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 2,126 392,176 SH   SOLE   392,176 0 0
COLGATE PALMOLIVE CO COM 194162103 12,978 187,160 SH   SOLE   187,160 0 0
COCA COLA FEMSA S A B DE C V SPON ADR REP L 191241108 870 10,900 SH   SOLE   10,900 0 0
COCA COLA CO COM 191216100 4,206 103,730 SH   SOLE   103,730 0 0
CATERPILLAR INC DEL COM 149123101 296 3,700 SH   SOLE   3,700 0 0
CAPITAL ONE FINL CORP COM 14040H105 7,030 89,190 SH   SOLE   89,190 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 1,256 8,700 SH   SOLE   8,700 0 0
BAXTER INTL INC COM 071813109 22,132 323,095 SH   SOLE   323,095 0 0
BARRICK GOLD CORP COM 067901108 831 76,000 SH   SOLE   76,000 0 0
BALL CORP COM 058498106 1,095 15,500 SH   SOLE   15,500 0 0
BCE INC COM NEW 05534B760 296 7,000 SH   SOLE   7,000 0 0
AUTOLIV INC COM 052800109 6,828 57,960 SH   SOLE   57,960 0 0
APPLE INC COM 037833100 10,838 87,100 SH   SOLE   87,100 0 0
ANGLOGOLD ASHANTI LTD SPONSORED ADR 035128206 3,036 325,000 SH   SOLE   325,000 0 0
AMGEN INC COM 031162100 384 2,400 SH   SOLE   2,400 0 0
AMERICAN WTR WKS CO INC NEW COM 030420103 17,370 320,420 SH   SOLE   320,420 0 0
AMERICAN TOWER CORP NEW COM 03027X100 3,654 38,780 SH   SOLE   38,780 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 986 18,000 SH   SOLE   18,000 0 0
AKAMAI TECHNOLOGIES INC COM 00971T101 1,130 15,900 SH   SOLE   15,900 0 0
AGNICO EAGLE MINES LTD COM 008474108 3,834 138,000 SH   SOLE   138,000 0 0