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
ABBVIE INC COM 00287Y109 610,216 9,364,881 SH   DFND 1 9,364,881 0 0
AETNA INC NEW COM 00817Y108 487,271 3,820,235 SH   DFND 1 3,820,235 0 0
AIR PRODS & CHEMS INC COM 009158106 273,827 2,024,002 SH   DFND 1 2,024,002 0 0
ALCOA CORP COM 013872106 11,972 348,034 SH   DFND 1 348,034 0 0
ALERE INC COM 01449J105 12,125 305,189 SH   DFND 1 305,189 0 0
AMAZON COM INC COM 023135106 590,239 665,778 SH   DFND 1 665,778 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 218,327 3,497,150 SH   DFND 1 3,497,150 0 0
ANTHEM INC COM 036752103 674,089 4,075,998 SH   DFND 1 4,075,998 0 0
APACHE CORP COM 037411105 616,710 12,000,576 SH   DFND 1 12,000,576 0 0
ARCONIC INC COM 03965L100 398,141 15,115,456 SH   DFND 1 15,115,456 0 0
AUTONATION INC COM 05329W102 42,771 1,011,375 SH   DFND 1 1,011,375 0 0
BAIDU INC SPON ADR REP A 056752108 607,194 3,519,560 SH   DFND 1 3,519,560 0 0
BARRICK GOLD CORP COM 067901108 30,661 1,614,595 SH   DFND 1 1,614,595 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 525,291 3,151,493 SH   DFND 1 3,151,493 0 0
BP PLC SPONSORED ADR 055622104 47,883 1,387,095 SH   DFND 1 1,387,095 0 0
CDK GLOBAL INC COM 12508E101 326,167 5,017,187 SH   DFND 1 5,017,187 0 0
CELGENE CORP COM 151020104 121,279 974,674 SH   DFND 1 974,674 0 0
CENTENNIAL RESOURCE DEV INC CL A 15136A102 12,329 676,325 SH   DFND 1 676,325 0 0
CHARTER COMMUNICATIONS INC N CL A 16119P108 1,190,308 3,636,526 SH   DFND 1 3,636,526 0 0
CITIGROUP INC COM NEW 172967424 112,579 1,881,967 SH   DFND 1 1,881,967 0 0
CNH INDL N V SHS N20944109 28,443 2,950,549 SH   DFND 1 2,950,549 0 0
COMPUTER SCIENCES CORP COM 205363104 283,300 4,105,206 SH   DFND 1 4,105,206 0 0
COPA HOLDINGS SA CL A P31076105 90,200 803,562 SH   DFND 1 803,562 0 0
DELL TECHNOLOGIES INC COM CL V 24703L103 299,073 4,667,184 SH   DFND 1 4,667,184 0 0
DIAMOND OFFSHORE DRILLING IN COM 25271C102 308 18,426 SH   DFND 1 18,426 0 0
ENSCO PLC SHS CLASS A G3157S106 104,551 11,681,693 SH   DFND 1 11,681,693 0 0
FIDELITY NATIONAL FINANCIAL FNF GROUP COM 31620R303 238,623 6,127,970 SH   DFND 1 6,127,970 0 0
GAFISA S A UNSPONSORED ADR 362607400 482 24,174 SH   DFND 1 24,174 0 0
GOLAR LNG LTD BERMUDA SHS G9456A100 146,248 5,236,216 SH   DFND 1 5,236,216 0 0
HONDA MOTOR LTD AMERN SHS 438128308 15,477 511,473 SH   DFND 1 511,473 0 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 102,896 8,524,915 SH   DFND 1 8,524,915 0 0
JD COM INC SPON ADR CL A 47215P106 788,324 25,339,880 SH   DFND 1 25,339,880 0 0
JPMORGAN CHASE & CO COM 46625H100 41,582 473,380 SH   DFND 1 473,380 0 0
KB FINANCIAL GROUP INC SPONSORED ADR 48241A105 17,720 403,008 SH   DFND 1 403,008 0 0
KOREA ELECTRIC PWR SPONSORED ADR 500631106 22,696 1,094,858 SH   DFND 1 1,094,858 0 0
LG DISPLAY CO LTD SPONS ADR REP 50186V102 4,697 344,870 SH   DFND 1 344,870 0 0
LIBERTY GLOBAL PLC LILAC SHS CL A G5480U138 248 11,159 SH   DFND 1 11,159 0 0
LIBERTY GLOBAL PLC LILAC SHS CL C G5480U153 10,730 465,695 SH   DFND 1 465,695 0 0
MERCADOLIBRE INC COM 58733R102 305,516 1,444,723 SH   DFND 1 1,444,723 0 0
MICRON TECHNOLOGY INC COM 595112103 17,155 593,598 SH   DFND 1 593,598 0 0
MICROSOFT CORP COM 594918104 386,881 5,874,291 SH   DFND 1 5,874,291 0 0
MOTOROLA SOLUTIONS INC COM NEW 620076307 596,773 6,921,517 SH   DFND 1 6,921,517 0 0
NET 1 UEPS TECHNOLOGIES INC COM NEW 64107N206 109,186 8,927,701 SH   DFND 2 8,927,701 0 0
NETEASE INC SPONSORED ADR 64110W102 592,671 2,086,871 SH   DFND 1 2,086,871 0 0
NOBLE ENERGY INC COM 655044105 227,339 6,620,233 SH   DFND 1 6,620,233 0 0
OWENS ILL INC COM NEW 690768403 21,061 1,033,437 SH   DFND 1 1,033,437 0 0
PAYPAL HLDGS INC COM 70450Y103 260,537 6,056,189 SH   DFND 1 6,056,189 0 0
PRICELINE GRP INC COM NEW 741503403 334,481 187,914 SH   DFND 1 187,914 0 0
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 90,025 1,612,488 SH   DFND 1 1,612,488 0 0
SHINHAN FINANCIAL GROUP CO L SPN ADR RESTRD 824596100 8,405 201,114 SH   DFND 1 201,114 0 0
SHIRE PLC SPONSORED ADR 82481R106 35,730 205,075 SH   DFND 1 205,075 0 0
SILVER RUN ACQUISITION UNIT 99/99/9999 82812A202 113,212 10,844,066 SH   DFND 1 10,844,066 0 0
SOHU COM INC COM 83408W103 266,141 6,766,859 SH   DFND 1 6,766,859 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 79,046 665,816 SH   DFND 1 665,816 0 0
SUMITOMO MITSUI FINL GROUP I SPONSORED ADR 86562M209 11,630 1,604,133 SH   DFND 1 1,604,133 0 0
SUMITOMO MITSUI FINL GROUP I SPONSORED ADR 86562M209 634 87,445 SH   DFND   87,445 0 0
SYMANTEC CORP COM 871503108 232,340 7,573,012 SH   DFND 1 7,573,012 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 29,095 885,960 SH   DFND 1 885,960 0 0
TEEKAY CORPORATION COM Y8564W103 5,635 615,852 SH   DFND 1 615,852 0 0
TRANSOCEAN LTD REG SHS H8817H100 164,304 13,197,089 SH   DFND 1 13,197,089 0 0
VALE S A ADR REPSTG PFD 91912E204 180,212 20,068,174 SH   DFND 1 20,068,174 0 0
VMWARE INC CL A COM 928563402 99,298 1,077,681 SH   DFND 1 1,077,681 0 0
WELLS FARGO & CO NEW COM 949746101 381,384 6,852,037 SH   DFND 1 6,852,037 0 0
XPO LOGISTICS INC COM 983793100 983,224 20,530,885 SH   DFND 1 20,530,885 0 0