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
AT&T INC COM 00206R102 291,225 8,670 SH   SOLE 0 0 0 8,670
AIR TRANSPORT SERVICES GROUP COM 00922R105 22,836,282 2,667,790 SH   SOLE 0 0 0 2,667,790
ALEXION PHARMACEUTICALS INC COM 015351109 358,033 1,935 SH   SOLE 0 0 0 1,935
AMAZON.COM INC COM 023135106 1,170,640 3,772 SH   SOLE 0 0 0 3,772
AMERICAN MOVIL-SAB DE CV ADR 02364W105 228,254 10,291 SH   SOLE 0 0 0 10,291
AMERICAN CAP AGY CORP COM 02503X105 1,295,225 59,330 SH   SOLE 0 0 0 59,330
AMERICAN INTERNATIONAL GROUP INC COM 026874784 337,460 6,025 SH   SOLE 0 0 0 6,025
APOLLO INVESTMENT CORP COM 03761U106 93,240 12,556 SH   SOLE 0 0 0 12,556
APPLE INC COM 037833100 12,299,202 111,426 SH   SOLE 0 0 0 111,426
ARCELORMITTAL SA LUXEMBOURG COM 03938L104 206,261 18,700 SH   SOLE 0 0 0 18,700
AVIS BUDGET GROUP INC COM 053774105 8,266,045 124,620 SH   SOLE 0 0 0 124,620
BP PLC ADR 055622104 283,994 7,450 SH   SOLE 0 0 0 7,450
BOFI HOLDINGS INC COM 05566U108 317,076 4,075 SH   SOLE 0 0 0 4,075
BAIDU COM INC ADR 056752108 729,504 3,200 SH   SOLE 0 0 0 3,200
BANCO SANTANDER SA ADR 05964H105 167,758 20,139 SH   SOLE 0 0 0 20,139
BANK OF AMERICA CORPORATION COM 060505104 2,304,983 128,842 SH   SOLE 0 0 0 128,842
BARCLAYS BK PLC ADR 2 PREF 2 06739F390 2,537,153 110,070 SH   SOLE 0 0 0 110,070
BARCLAYS BK PLC ADR 06739H362 344,843 23,370 SH   SOLE 0 0 0 23,370
BARCLAYS BK PLC ADR 06739H776 106,928 11,855 SH   SOLE 0 0 0 11,855
BARRICK GOLD CORP COM 067901108 176,360 15,500 SH   SOLE 0 0 0 15,500
BE AEROSPACE INC COM 073302101 679,704 11,715 SH   SOLE 0 0 0 11,715
BERKSHIRE HATHAWAY INC CL B 084670702 586,035 3,903 SH   SOLE 0 0 0 3,903
BEST BUY INC COM 086516101 249,472 6,400 SH   SOLE 0 0 0 6,400
CARMAX INC COM 143130102 7,270,935 109,206 SH   SOLE 0 0 0 109,206
CEMEX SAB DE CV SPON ADR NEW 151290889 1,711,400 167,949 SH   SOLE 0 0 0 167,949
CEMEX SAB DE CV 4 7/8% DEBT 151290AV5 155,137 150,000 SH   SOLE 0 0 0 150,000
CHINA MOBILE LIMITED ADR 16941M109 588,200 10,000 SH   SOLE 0 0 0 10,000
CHINA TECHFAITH WIRELESS ADR 169424108 22,600 20,000 SH   SOLE 0 0 0 20,000
CIRRUS LOGIC INC COM 172755100 1,092,823 46,365 SH   SOLE 0 0 0 46,365
CITIGROUP INC COM NEW 172967424 2,155,029 39,826 SH   SOLE 0 0 0 39,826
COCA COLA COMPANY COM 191216100 469,824 11,128 SH   SOLE 0 0 0 11,128
CONOCOPHILIPS COM 20825C104 397,095 5,750 SH   SOLE 0 0 0 5,750
CORNING INC COM 219350105 3,590,265 156,575 SH   SOLE 0 0 0 156,575
COSTCO WHOLESALE CORP COM 22160K105 304,763 2,150 SH   SOLE 0 0 0 2,150
DIREXION SHS ETF TR ENERGY BULL 3X ETF 25459W888 272,115 4,500 SH   SOLE 0 0 0 4,500
WALT DISNEY CO COM 254687106 598,577 6,355 SH   SOLE 0 0 0 6,355
EMC CORP COM 268648102 4,991,859 167,850 SH   SOLE 0 0 0 167,850
EOG RESOURCES COM 26875P101 276,210 3,000 SH   SOLE 0 0 0 3,000
EQT MIDSTREAM PARTNERSHIP UNITS 26885B100 237,600 2,700 SH   SOLE 0 0 0 2,700
ETFS GOLD TR SH COM 26922Y105 446,023 3,850 SH   SOLE 0 0 0 3,850
EAGLE MATERIALS INC COM 26969P108 321,158 4,225 SH   SOLE 0 0 0 4,225
EBAY INC COM 278642103 6,669,918 118,851 SH   SOLE 0 0 0 118,851
EMERSON ELECTRIC COMPANY COM 291011104 367,294 5,950 SH   SOLE 0 0 0 5,950
FACEBOOK INC CL A 30303M102 434,103 5,564 SH   SOLE 0 0 0 5,564
FIESTA RESTAURANT GROUP COM 31660B101 486,400 8,000 SH   SOLE 0 0 0 8,000
FLEXTRONICS INTL LTD ORD Y2573F102 20,209,303 1,807,630 SH   SOLE 0 0 0 1,807,630
FLUOR CORP NEW COM 343412102 2,998,154 49,450 SH   SOLE 0 0 0 49,450
FOMENTO ECONOMICO MEXICANOS SPON ADR UNITS 344419106 220,075 2,500 SH   SOLE 0 0 0 2,500
FORTRESS INVESTMENT GROUP COM 34958B106 116,290 14,500 SH   SOLE 0 0 0 14,500
FUEL TECH INC COM 359523107 44,045 11,500 SH   SOLE 0 0 0 11,500
GENERAL ELECTRIC CO COM 369604103 1,641,034 64,940 SH   SOLE 0 0 0 64,940
GENERAL MOTORS COMPANY COM 37045V100 1,242,691 35,597 SH   SOLE 0 0 0 35,597
GILEAD SCIENCES INC COM 375558103 662,554 7,029 SH   SOLE 0 0 0 7,029
HALOZYME THERAPEUTICS INC COM 40637H109 246,075 25,500 SH   SOLE 0 0 0 25,500
ICAHN ENTERPRISES LP DEP UNITS 451100101 379,127 4,100 SH   SOLE 0 0 0 4,100
INTEL CORP COM 458140100 1,340,553 36,940 SH   SOLE 0 0 0 36,940
ISHARES SPAIN ETF 464286764 639,270 18,460 SH   SOLE 0 0 0 18,460
ISHARES GERMANY ETF 464286806 973,055 35,500 SH   SOLE 0 0 0 35,500
ISHARES MEXICO CAPPED ETF ETF 464286822 990,803 16,683 SH   SOLE 0 0 0 16,683
ISHARES CHINA LARGE CAP ETF ETF 464287184 712,534 17,120 SH   SOLE 0 0 0 17,120
ISHARES S&P GLOBAL HEALTHCARE ETF 464287325 216,045 2,170 SH   SOLE 0 0 0 2,170
ISHARES US FINANCIALS ETF ETF 464287788 770,308 8,540 SH   SOLE 0 0 0 8,540
ISHARES EUROPE ETF ETF 464287861 511,849 12,035 SH   SOLE 0 0 0 12,035
ISHARES RUSSELL TOP 200 GROWH ETF ETF 464289438 302,580 6,000 SH   SOLE 0 0 0 6,000
JOHSON & JOHNSON COM 478160104 428,737 4,100 SH   SOLE 0 0 0 4,100
JOHNSON CTLS INC COM 478366107 5,648,529 116,850 SH   SOLE 0 0 0 116,850
JUNIPER NETWORKS COM 48203R104 10,586,264 474,295 SH   SOLE 0 0 0 474,295
KLX INC COM 482539103 241,601 5,857 SH   SOLE 0 0 0 5,857
KOHLS CORP COM 500255104 4,353,068 71,315 SH   SOLE 0 0 0 71,315
KULICKE & SOFFA INDS INC COM 501242101 1,213,628 83,930 SH   SOLE 0 0 0 83,930
LSB INDUSTRIES INC COM 502160104 1,156,363 36,780 SH   SOLE 0 0 0 36,780
MARATHON PATENT GROUP COM 56585W203 101,040 12,000 SH   SOLE 0 0 0 12,000
MEDNAX INC COM 58502B106 21,050,217 318,412 SH   SOLE 0 0 0 318,412
MICHAEL KORS HOLDINGS LTD COM G60754101 238,063 3,170 SH   SOLE 0 0 0 3,170
MENS WEARHOUSE INC COM 587118100 8,710,795 197,300 SH   SOLE 0 0 0 197,300
MICROSOFT CORP COM 594918104 1,421,370 30,600 SH   SOLE 0 0 0 30,600
NVR INC COM 62944T105 7,803,744 6,119 SH   SOLE 0 0 0 6,119
NATIONAL BK OF GREECE S A SPN ADR REP 1 SH 633643705 299,646 167,400 SH   SOLE 0 0 0 167,400
NATIONAL BANK OF GREECE S A ADR PRF SERA 633643507 1,691,050 119,750 SH   SOLE 0 0 0 119,750
NEXTFLIX COM INC COM 64110L106 269,872 790 SH   SOLE 0 0 0 790
NVIDIA CORP COM 67066G104 5,369,791 267,820 SH   SOLE 0 0 0 267,820
PACWEST BANCORP DEL COM 695263103 592,753 13,039 SH   SOLE 0 0 0 13,039
PEABODY ENERGY CORPORATION COM 704549104 4,355,608 562,740 SH   SOLE 0 0 0 562,740
PETROLEO BRASILEIRO SA PETRO SPON ADR 71654V408 18,034,723 2,470,510 SH   SOLE 0 0 0 2,470,510
PORTUGAL TELECOMM ADR 737273102 25,440 24,000 SH   SOLE 0 0 0 24,000
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 2,065,516 20,005 SH   SOLE 0 0 0 20,005
POWERSHARES GOLD DRAGON CHINA ETF 73935X401 612,700 22,000 SH   SOLE 0 0 0 22,000
PRICELINE COM INC COM NEW 741503403 2,108,248 1,849 SH   SOLE 0 0 0 1,849
PROSHARES TR PSHS ULTSH 20YRS 74347B201 2,587,741 55,781 SH   SOLE 0 0 0 55,781
PROSHARES TR ULTRA QQQ ETF 74347R206 1,390,662 10,170 SH   SOLE 0 0 0 10,170
PROSHARES TR POWERSHARES SHORT S&P500 ETF 74347R503 932,184 42,800 SH   SOLE 0 0 0 42,800
QUALCOMM INC COM 747525103 1,023,896 13,775 SH   SOLE 0 0 0 13,775
RENREN INC SPON ADR 759892102 170,178 67,800 SH   SOLE 0 0 0 67,800
RITE AID CORP COM 767754104 210,560 28,000 SH   SOLE 0 0 0 28,000
ROYAL BK SCOTLAND GROUP PLC ADR 780097754 2,236,002 98,620 SH   SOLE 0 0 0 98,620
ROYAL BK SCOTLAND GROUP PLC SP ADR L RP PF 780097788 230,574 14,250 SH   SOLE 0 0 0 14,250
SPDR S&P 500 ETF 78462F103 1,187,552 5,778 SH   SOLE 0 0 0 5,778
SPDR GOLD TR ETF 78463V107 2,480,701 21,841 SH   SOLE 0 0 0 21,841
SPDR SER TR S&P METALS & MINING ETF 78464A755 302,428 9,800 SH   SOLE 0 0 0 9,800
SAP AG ADR 803054204 459,342 6,595 SH   SOLE 0 0 0 6,595
SELECT SECTOR SPDR TR CONSUMER ETF 81369Y407 292,208 4,050 SH   SOLE 0 0 0 4,050
SELECT SECTOR SPDR TR ENERGY ETF 81369Y506 322,973 4,080 SH   SOLE 0 0 0 4,080
SIMON PROPERTY GROUP COM 828806109 238,018 1,307 SH   SOLE 0 0 0 1,307
SOLARCITY CORP COM 83416T100 409,389 7,655 SH   SOLE 0 0 0 7,655
STARBUCKS CORP COM 855244109 715,722 8,723 SH   SOLE 0 0 0 8,723
SYNTEL INC COM 87162H103 1,034,990 23,010 SH   SOLE 0 0 0 23,010
TAIWAN SEMICONDUCTOR MFG LTD SPON ADR 874039100 4,238,996 189,410 SH   SOLE 0 0 0 189,410
TEREX CORP NEW COM 880779103 7,955,419 285,345 SH   SOLE 0 0 0 285,345
TELSA MOTORS INC COM 88160R101 299,141 1,345 SH   SOLE 0 0 0 1,345
TWITTER INC COM 90184L102 226,878 6,325 SH   SOLE 0 0 0 6,325
UNILEVER PLC ADR 904767704 412,896 10,200 SH   SOLE 0 0 0 10,200
UNION PACIFIC COM 907818108 297,825 2,500 SH   SOLE 0 0 0 2,500
UNITED STATES STEEL CORP COM 912909108 695,106 25,995 SH   SOLE 0 0 0 25,995
VALE S A ADR 91912E105 122,455 14,970 SH   SOLE 0 0 0 14,970
WALMART STORES COM 931142103 297,832 3,468 SH   SOLE 0 0 0 3,468
WELLS FARGO & CO COM 949746101 392,895 7,167 SH   SOLE 0 0 0 7,167
WHOLE FOODS MARKET INC COM 966837106 935,795 18,560 SH   SOLE 0 0 0 18,560
WISDOMTREE JAPAN HEDGED EQUITY COM 97717W851 824,603 16,750 SH   SOLE 0 0 0 16,750
WISDOMTREE EUROPE HEDGED EQUITY COM 97717X701 1,129,086 20,300 SH   SOLE 0 0 0 20,300
YINGLI GREEN ENERGY HOLDINGS COM 98584B103 23,500 10,000 SH   SOLE 0 0 0 10,000
YOUKU TUDOU INC COM 98742U100 534,389 30,005 SH   SOLE 0 0 0 30,005
YUM BRANDS INC COM 988498101 332,925 4,570 SH   SOLE 0 0 0 4,570