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
WELLS FARGO & CO NEW COM 949746101 1,606 29,290 SH   SOLE   29,290 0 0
WASTE MGMT INC DEL COM 94106L109 606 11,800 SH   SOLE   11,800 0 0
VERMILION ENERGY INC COM 923725105 770 15,650 SH   SOLE   15,650 0 0
UNITEDHEALTH GROUP INC COM 91324P102 13,361 132,170 SH   SOLE   132,170 0 0
TUPPERWARE BRANDS CORP COM 899896104 9,279 147,290 SH   SOLE   147,290 0 0
TRAVELERS COMPANIES INC COM 89417E109 434 4,100 SH   SOLE   4,100 0 0
TIFFANY & CO NEW COM 886547108 7,394 69,190 SH   SOLE   69,190 0 0
3M CO COM 88579Y101 444 2,700 SH   SOLE   2,700 0 0
THORATEC CORP COM NEW 885175307 260 8,000 SH   SOLE   8,000 0 0
TEXAS INSTRS INC COM 882508104 358 6,700 SH   SOLE   6,700 0 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 16,546 287,710 SH   SOLE   287,710 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 2,929 130,890 SH   SOLE   130,890 0 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 830 11,500 SH   SOLE   11,500 0 0
ROGERS COMMUNICATIONS INC CL B 775109200 12,121 310,860 SH   SOLE   310,860 0 0
QUANTA SVCS INC COM 74762E102 5,919 208,490 SH   SOLE   208,490 0 0
PROCTER & GAMBLE CO COM 742718109 346 3,800 SH   SOLE   3,800 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 206 2,000 SH   SOLE   2,000 0 0
PFIZER INC COM 717081103 357 11,470 SH   SOLE   11,470 0 0
PEPSICO INC COM 713448108 9,352 98,898 SH   SOLE   98,898 0 0
ORACLE CORP COM 68389X105 10,808 240,342 SH   SOLE   240,342 0 0
NVIDIA CORP COM 67066G104 7,064 352,340 SH   SOLE   352,340 0 0
NASDAQ OMX GROUP INC COM 631103108 8,673 180,840 SH   SOLE   180,840 0 0
MONDELEZ INTL INC CL A 609207105 7,358 202,560 SH   SOLE   202,560 0 0
MICROSOFT CORP COM 594918104 10,317 222,120 SH   SOLE   222,120 0 0
MEDNAX INC COM 58502B106 859 13,000 SH   SOLE   13,000 0 0
MCDONALDS CORP COM 580135101 19,131 204,170 SH   SOLE   204,170 0 0
MARKET VECTORS ETF TR NATURAL RES ETF 57060U795 11,858 350,000 SH   SOLE   350,000 0 0
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 2,681 145,850 SH   SOLE   145,850 0 0
M & T BK CORP COM 55261F104 7,164 57,030 SH   SOLE   57,030 0 0
LILLY ELI & CO COM 532457108 1,325 19,200 SH   SOLE   19,200 0 0
JOHNSON & JOHNSON COM 478160104 5,960 57,000 SH   SOLE   57,000 0 0
JPMORGAN CHASE & CO COM 46625H100 7,214 115,270 SH   SOLE   115,270 0 0
ISHARES INC CORE MSCI EMKT 46434G103 32,905 699,650 SH   SOLE   699,650 0 0
ISHARES GL TIMB FORE ETF 464288174 1,377 26,000 SH   SOLE   26,000 0 0
ISHARES MSCI TURKEY ETF 464286715 20,176 371,500 SH   SOLE   371,500 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 1,364 8,500 SH   SOLE   8,500 0 0
INTEL CORP COM 458140100 363 10,000 SH   SOLE   10,000 0 0
HOST HOTELS & RESORTS INC COM 44107P104 4,573 192,390 SH   SOLE   192,390 0 0
HEALTH CARE REIT INC COM 42217K106 13,171 174,065 SH   SOLE   174,065 0 0
HASBRO INC COM 418056107 2,090 38,000 SH   SOLE   38,000 0 0
HALLIBURTON CO COM 406216101 3,405 86,580 SH   SOLE   86,580 0 0
HCP INC COM 40414L109 7,925 180,000 SH   SOLE   180,000 0 0
GOOGLE INC CL A 38259P508 11,330 21,350 SH   SOLE   21,350 0 0
GENERAL ELECTRIC CO COM 369604103 325 12,850 SH   SOLE   12,850 0 0
FREEPORT-MCMORAN INC CL B 35671D857 5,822 249,230 SH   SOLE   249,230 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 7,170 462,590 SH   SOLE   462,590 0 0
EXXON MOBIL CORP COM 30231G102 7,790 84,260 SH   SOLE   84,260 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 4,315 60,060 SH   SOLE   60,060 0 0
DANAHER CORP DEL COM 235851102 7,067 82,450 SH   SOLE   82,450 0 0
CUMMINS INC COM 231021106 7,057 48,950 SH   SOLE   48,950 0 0
CONOCOPHILLIPS COM 20825C104 1,172 16,970 SH   SOLE   16,970 0 0
COLGATE PALMOLIVE CO COM 194162103 6,314 91,260 SH   SOLE   91,260 0 0
COCA COLA FEMSA S A B DE C V SPON ADR REP L 191241108 775 9,000 SH   SOLE   9,000 0 0
COCA COLA CO COM 191216100 2,533 60,000 SH   SOLE   60,000 0 0
CAPITAL ONE FINL CORP COM 14040H105 7,264 87,990 SH   SOLE   87,990 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 751 5,000 SH   SOLE   5,000 0 0
BAXTER INTL INC COM 071813109 18,618 254,030 SH   SOLE   254,030 0 0
BARRICK GOLD CORP COM 067901108 821 76,000 SH   SOLE   76,000 0 0
APPLE INC COM 037833100 9,654 87,460 SH   SOLE   87,460 0 0
ANGLOGOLD ASHANTI LTD SPONSORED ADR 035128206 3,045 350,000 SH   SOLE   350,000 0 0
AMGEN INC COM 031162100 430 2,700 SH   SOLE   2,700 0 0
AMERICAN WTR WKS CO INC NEW COM 030420103 9,504 178,320 SH   SOLE   178,320 0 0
AMERICAN TOWER CORP NEW COM 03027X100 4,179 42,270 SH   SOLE   42,270 0 0
AKAMAI TECHNOLOGIES INC COM 00971T101 916 14,550 SH   SOLE   14,550 0 0
AGNICO EAGLE MINES LTD COM 008474108 4,743 190,000 SH   SOLE   190,000 0 0