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
AIR TRANSPORT SERVICES GROUP COM 00922R105 20,290,539 2,584,782 SH   SOLE 0 0 0 2,584,782
AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 2,900,879 219,554 SH   SOLE 0 0 0 219,554
AMERICAN AIRLINES GROUP INC COM 02376R102 234,420 6,400 SH   SOLE 0 0 0 6,400
AMERICAN CAPITAL AGENCY CORP COM 02503X105 815,679 37,940 SH   SOLE 0 0 0 37,940
AMERICAN INTERNATIONAL GROUP COM 026874784 508,676 10,175 SH   SOLE 0 0 0 10,175
APPLE INC COM 037833100 18,218,818 33,835 SH   SOLE 0 0 0 33,835
AT&T COM 00206R102 283,015 8,070 SH   SOLE 0 0 0 8,070
ATWOOD OCEANICS INC COM 050095108 673,714 13,370 SH   SOLE 0 0 0 13,370
AVIS BUDGET GROUP INC COM 053774105 9,532,295 195,735 SH   SOLE 0 0 0 195,735
BANCO BILBAO VIZCAYA ARGENTA SPON ADR 05946K101 200,793 16,677 SH   SOLE 0 0 0 16,677
BANK OF AMERICA CORPORATION COM 060505104 1,625,343 94,224 SH   SOLE 0 0 0 94,224
BARCLAYS BK PLC ADR 2 PREF 2 06739F390 2,284,048 90,350 SH   SOLE 0 0 0 90,350
CARMAX INC COM 143130102 7,850,934 167,755 SH   SOLE 0 0 0 167,755
CEMEX SAB DE CV SPON ADR NEW 151290889 2,056,444 162,277 SH   SOLE 0 0 0 162,277
CIRRUS LOGIC INC COM 172755100 871,896 43,880 SH   SOLE 0 0 0 43,880
CITIGROUP INC COM NEW 172967424 1,283,382 26,927 SH   SOLE 0 0 0 26,927
COCA COLA COMPANY COM NEW 191216100 442,966 11,458 SH   SOLE 0 0 0 11,458
COCA COLA FEMSA SAB DE CV COM 191241108 2,917,264 21,235 SH   SOLE 0 0 0 21,235
CONOCOPHILLIPS COM 20825C104 302,505 4,300 SH   SOLE 0 0 0 4,300
CORNING INC COM 219350105 4,442,259 213,365 SH   SOLE 0 0 0 213,365
COSTCO WHSL CORP NEW COM 22160K105 223,360 2,000 SH   SOLE 0 0 0 2,000
DOLLAR GENERAL CORPORATION COM 256677105 280,174 5,050 SH   SOLE 0 0 0 5,050
EMC CORP - MASS COM 268648102 4,628,179 168,850 SH   SOLE 0 0 0 168,850
ETFS GOLD TR ETF 26922Y105 202,847 1,609 SH   SOLE 0 0 0 1,609
FACEBOOK INC COM 30303M102 1,108,352 17,928 SH   SOLE 0 0 0 17,928
FLEXTRONICS INTL LTD ORD Y2573F102 21,985,748 2,379,410 SH   SOLE 0 0 0 2,379,410
FLUOR CORP NEW COM 343412102 2,927,700 37,665 SH   SOLE 0 0 0 37,665
FOMENTO ECONOMICO MEXICANOS SPON ADR UNITS 344419106 3,273,350 27,500 SH   SOLE 0 0 0 27,500
FORD MOTOR CO COM 345370860 522,335 33,483 SH   SOLE 0 0 0 33,483
GENERAL ELECTRIC CO COM 369604103 220,065 8,500 SH   SOLE 0 0 0 8,500
GENERAL MOTORS COMPANY COM 37045V100 965,433 28,069 SH   SOLE 0 0 0 28,069
GOOGLE INC CL A 38259P508 665,476 592 SH   SOLE 0 0 0 592
HEWLETT PACKARD CO COM 428236103 4,549,816 140,600 SH   SOLE 0 0 0 140,600
INTEL CORP COM 458140100 585,720 22,690 SH   SOLE 0 0 0 22,690
ISHARES EUROPE ETF ETF 464287861 211,225 4,375 SH   SOLE 0 0 0 4,375
ISHARES US FINANCIALS ETF ETF 464287788 408,800 5,000 SH   SOLE 0 0 0 5,000
JETBLUE AIRWAYS CORP COM 477143101 3,842,631 442,190 SH   SOLE 0 0 0 442,190
JOHSON & JOHNSON COM 478160104 864,424 8,800 SH   SOLE 0 0 0 8,800
KOHLS CORP COM 500255104 1,275,160 22,450 SH   SOLE 0 0 0 22,450
KULICKE & SOFFA INDS INC COM 501242101 903,885 71,680 SH   SOLE 0 0 0 71,680
LULULEMON ATHLETICA INC COM 550021109 371,847 7,041 SH   SOLE 0 0 0 7,041
MEDNAX INC COM 58502B106 18,596,293 300,037 SH   SOLE 0 0 0 300,037
MICHAEL KORS HOLDINGS LTD COM G60754101 226,086 2,424 SH   SOLE 0 0 0 2,424
MICROSOFT CORP COM 594918104 589,436 14,380 SH   SOLE 0 0 0 14,380
NATIONAL BK OF GREECE S A SPN ADR REP 1 SH 633643705 530,985 94,930 SH   SOLE 0 0 0 94,930
NATIONAL BANK OF GREECE S A ADR PRF SERA 633643507 1,776,949 97,850 SH   SOLE 0 0 0 97,850
NEXTFLIX COM INC COM 64110L106 211,218 600 SH   SOLE 0 0 0 600
NVIDIA CORP COM 67066G104 4,796,656 267,820 SH   SOLE 0 0 0 267,820
NVR INC COM 62944T105 6,917,557 6,031 SH   SOLE 0 0 0 6,031
PACWEST BANCORP DEL COM 695263103 369,886 8,600 SH   SOLE 0 0 0 8,600
PETROLEO BRASILEIRO SA PETRO SPON ADR 71654V408 22,837,737 1,736,710 SH   SOLE 0 0 0 1,736,710
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 754,080 8,575 SH   SOLE 0 0 0 8,575
PRICELINE COM INC COM NEW 741503403 1,108,458 930 SH   SOLE 0 0 0 930
PROSHARES TR PSHS ULTSH 20YRS 74347B201 3,205,877 47,131 SH   SOLE 0 0 0 47,131
QUALCOMM INC COM 747525103 347,378 4,405 SH   SOLE 0 0 0 4,405
RENREN INC SPON ADR 759892102 260,009 79,352 SH   SOLE 0 0 0 79,352
RITE AID CORP COM 767754104 333,564 53,200 SH   SOLE 0 0 0 53,200
ROYAL BK SCOTLAND GROUP PLC SP ADR L RP PF 780097788 226,335 10,500 SH   SOLE 0 0 0 10,500
ROYAL BK SCOTLAND GROUP PLC ADR PREF SHS Q 780097754 1,855,778 78,620 SH   SOLE 0 0 0 78,620
SANDISK CORP COM 80004C101 2,715,400 33,445 SH   SOLE 0 0 0 33,445
SAP AG COM 803054204 373,499 4,580 SH   SOLE 0 0 0 4,580
SPDR GOLD TRUST GOLD SHS 78463V107 6,070,611 49,111 SH   SOLE 0 0 0 49,111
SPDR S&P 500 ETF TRUST TR UNIT 78462F103 339,984 1,818 SH   SOLE 0 0 0 1,818
TAIWAN SEMICONDUCTOR MFG LTD SPON ADR 874039100 3,791,988 189,410 SH   SOLE 0 0 0 189,410
TELEFONICA S A SPON ADR 879382208 4,116,611 260,710 SH   SOLE 0 0 0 260,710
UNITED STATES STEEL CORP COM 912909108 979,669 35,400 SH   SOLE 0 0 0 35,400
VALE S A ADR 91912E105 335,587 24,290 SH   SOLE 0 0 0 24,290
WALT DISNEY CO COM 254687106 483,215 5,970 SH   SOLE 0 0 0 5,970
WELLS FARGO & CO COM 949746101 345,141 6,937 SH   SOLE 0 0 0 6,937
WISDOMTREE JAPAN HEDGED EQUITY COM 97717W851 412,331 8,710 SH   SOLE 0 0 0 8,710
YOUKU TUDOU INC COM 98742U100 480,849 16,705 SH   SOLE 0 0 0 16,705
YUM BRANDS INC COM 988498101 339,255 4,500 SH   SOLE 0 0 0 4,500