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
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 52 500 SH   SOLE   500 0 0
COSAN LTD SHS A G25343107 5,201 1,409,200 SH   SOLE   1,409,200 0 0
WEATHERFORD INTL PLC ORD SHS G48833100 65,341 7,788,100 SH   SOLE   433,500 0 7,354,600
MICHAEL KORS HLDGS LTD SHS G60754101 56,323 1,406,000 SH   SOLE   77,400 0 1,328,600
RENAISSANCERE HOLDINGS LTD COM G7496G103 18,836 166,399 SH   SOLE   14,200 0 152,199
TE CONNECTIVITY LTD REG SHS H84989104 646 10,000 SH   SOLE   10,000 0 0
COPA HOLDINGS SA CL A P31076105 1,559 32,300 SH   SOLE   32,300 0 0
AFLAC INC COM 001055102 2,217 37,000 SH   SOLE   37,000 0 0
ALPHABET INC CAP STK CL A 02079K305 233 300 SH   SOLE   300 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 1,415 22,824 SH   SOLE   22,824 0 0
ANTHEM INC COM 036752103 2,427 17,400 SH   SOLE   17,400 0 0
APACHE CORP COM 037411105 3,367 75,729 SH   SOLE   75,729 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L104 164 38,800 SH   SOLE   11,900 0 26,900
BP PLC SPONSORED ADR 055622104 67,242 2,151,063 SH   SOLE   118,386 0 2,032,677
BANCO SANTANDER SA ADR 05964H105 16 3,321 SH   SOLE   3,321 0 0
BARCLAYS PLC ADR 06738E204 1,830 141,286 SH   SOLE   141,268 0 18
CSX CORP COM 126408103 145 5,600 SH   SOLE   5,600 0 0
CAPITAL ONE FINL CORP COM 14040H105 137 1,900 SH   SOLE   1,900 0 0
CITIGROUP INC COM NEW 172967424 1,434 27,702 SH   SOLE   27,702 0 0
COACH INC COM 189754104 4,803 146,791 SH   SOLE   146,791 0 0
COCA COLA CO COM 191216100 155 3,600 SH   SOLE   3,600 0 0
COCA COLA FEMSA S A B DE C V SPON ADR REP L 191241108 5,006 70,700 SH   SOLE   70,700 0 0
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 48 800 SH   SOLE   800 0 0
COMERICA INC COM 200340107 100 2,400 SH   SOLE   2,400 0 0
COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 4,328 940,788 SH   SOLE   940,788 0 0
CREDIT SUISSE GROUP SPONSORED ADR 225401108 1,996 92,015 SH   SOLE   73,013 0 19,002
DISCOVERY COMMUNICATNS NEW COM SER A 25470F104 1,165 43,700 SH   SOLE   43,700 0 0
EOG RES INC COM 26875P101 50 700 SH   SOLE   700 0 0
ENTERGY CORP NEW COM 29364G103 150 2,200 SH   SOLE   2,200 0 0
EXXON MOBIL CORP COM 30231G102 195 2,500 SH   SOLE   2,500 0 0
FRONTIER COMMUNICATIONS CORP COM 35906A108 90 19,300 SH   SOLE   19,300 0 0
GENERAL MLS INC COM 370334104 98 1,700 SH   SOLE   1,700 0 0
GENWORTH FINL INC COM CL A 37247D106 1,473 394,900 SH   SOLE   394,900 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 1,369 7,598 SH   SOLE   7,598 0 0
ICICI BK LTD ADR 45104G104 4,727 603,700 SH   SOLE   603,700 0 0
ICONIX BRAND GROUP INC COM 451055107 844 123,700 SH   SOLE   123,700 0 0
INTEL CORP COM 458140100 203 5,900 SH   SOLE   5,900 0 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 3,369 517,650 SH   SOLE   517,650 0 0
JPMORGAN CHASE & CO COM 46625H100 2,397 36,300 SH   SOLE   36,300 0 0
JACOBS ENGR GROUP INC DEL COM 469814107 1,351 32,200 SH   SOLE   32,200 0 0
JOHNSON & JOHNSON COM 478160104 205 2,000 SH   SOLE   2,000 0 0
KB FINANCIAL GROUP INC SPONSORED ADR 48241A105 82 2,914 SH   SOLE   2,914 0 0
KT CORP SPONSORED ADR 48268K101 17 1,400 SH   SOLE   1,400 0 0
KOHLS CORP COM 500255104 52 1,100 SH   SOLE   1,100 0 0
LINEAR TECHNOLOGY CORP COM 535678106 1,053 24,800 SH   SOLE   24,800 0 0
METLIFE INC COM 59156R108 1,364 28,294 SH   SOLE   28,294 0 0
MICROSOFT CORP COM 594918104 205 3,700 SH   SOLE   3,700 0 0
ORACLE CORP COM 68389X105 146 4,000 SH   SOLE   4,000 0 0
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 19,644 5,777,764 SH   SOLE   1,427,864 0 4,349,900
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 1,321 307,478 SH   SOLE   258,778 0 48,700
PFIZER INC COM 717081103 94 2,900 SH   SOLE   2,900 0 0
PROCTER & GAMBLE CO COM 742718109 206 2,600 SH   SOLE   2,600 0 0
RALPH LAUREN CORP CL A 751212101 3,300 29,600 SH   SOLE   29,600 0 0
SOUTHWESTERN ENERGY CO COM 845467109 820 115,300 SH   SOLE   115,300 0 0
TERADATA CORP DEL COM 88076W103 2,378 90,000 SH   SOLE   90,000 0 0
UNITED TECHNOLOGIES CORP COM 913017109 96 1,000 SH   SOLE   1,000 0 0
UNITEDHEALTH GROUP INC COM 91324P102 153 1,300 SH   SOLE   1,300 0 0
VALE S A ADR 91912E105 5,912 1,797,159 SH   SOLE   1,797,159 0 0