Veredus Asset Management 13F-HR Quarterly holdings report by institutional manager

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
Expires:	Oct 31, 2018
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
3M CO	Common	88579Y101	1,129	7,969	SH		SOLE	0	0	0	7,969
ABBVIE	Common	00287Y109	2,378	41,170	SH		SOLE	0	31,920	0	9,250
ACCENTURE LTD BERMUDA***	Common	G1151C101	3,228	39,700	SH		SOLE	0	0	0	39,700
ACTAVIS, INC.	Common	097252718	16,301	67,559	SH		SOLE	0	1,459	0	66,100
ALLIED WRLD ASSUR COM	Common	H01531104	3,212	87,200	SH		SOLE	0	0	0	87,200
ALTRIA GROUP INC COM	Common	02209S103	35,038	762,700	SH		SOLE	0	203,553	0	559,147
AMDOCS LTD	Common	G02602103	12,697	276,744	SH		SOLE	0	15,644	0	261,100
AMERICA MOVIL S A DE C V	Common	02364W105	4,535	179,983	SH		SOLE	0	9,983	0	170,000
AMERICAN EXPRESS CO	Common	025816109	22,659	258,842	SH		SOLE	0	56,822	0	202,020
AMERIPRISE FINANCIAL INC	Common	03076C106	71,434	578,976	SH		SOLE	0	114,750	0	464,226
AMGEN INC	Common	031162100	381	2,714	SH		SOLE	0	1,045	0	1,669
APPLE COMPUTER INC	Common	037833100	66,404	659,088	SH		SOLE	0	122,729	0	536,359
ASHLAND INC	Common	044209104	271	2,606	SH		SOLE	0	2,606	0	0
ASTRAZENECA PLC-SPONS ADR	Common	046353108	1,371	19,192	SH		SOLE	0	13,183	0	6,009
AT&T INC COM	Common	00206R102	1,831	51,970	SH		SOLE	0	37,813	0	14,157
ATWOOD OCEANICS INC	Common	050095108	10,814	247,509	SH		SOLE	0	55,417	0	192,092
AVAGO TECHNOLOGIES	Common	Y0486S104	15,180	174,476	SH		SOLE	0	9,876	0	164,600
AXA- SPONS ADR	Common	054536107	14,183	576,071	SH		SOLE	0	66,362	0	509,709
BANCO BILBAO VIZCAYA ARG ADR	Common	05946K101	17,021	1,418,388	SH		SOLE	0	66,488	0	1,351,900
BANCO SANTANDER CHILE NEW	Common	05965X109	9,042	409,314	SH		SOLE	0	23,914	0	385,400
BANCO SANTANDER SA ADS	Common	05964H105	2,994	315,200	SH		SOLE	0	0	0	315,200
BANK NOVA SCOTIA HALIFAX	Common	064149107	10,468	169,248	SH		SOLE	0	25,925	0	143,323
BANK OF AMERICA CORPORATION	Common	060505104	781	45,790	SH		SOLE	0	45,110	0	680
BANK OF MONTREAL	Common	063671101	1,638	22,246	SH		SOLE	0	17,940	0	4,306
BAYER AG ADR	Common	072730302	14,758	105,336	SH		SOLE	0	5,236	0	100,100
BLACKROCK INC	Common	09247X101	62,538	190,479	SH		SOLE	0	43,607	0	146,872
BP PLC	Common	055622104	2,756	62,700	SH		SOLE	0	0	0	62,700
BRITISH AMERN TOB PLC ADR	Common	110448107	1,561	13,799	SH		SOLE	0	13,799	0	0
BRITISH SKY BROADCAST SP-ADR	Common	111013108	12,115	209,866	SH		SOLE	0	10,466	0	199,400
CA INC.	Common	12673P105	2,110	75,508	SH		SOLE	0	62,237	0	13,271
CAMERON INTERNATIONAL CORP	Common	13342B105	26,874	404,849	SH		SOLE	0	59,562	0	345,287
CANADIAN NATL RY CO	Common	136375102	23,501	331,188	SH		SOLE	0	18,888	0	312,300
CANON INC	Common	138006309	3,246	99,600	SH		SOLE	0	0	0	99,600
CBS CORPORATION	Common	124857202	35,856	670,202	SH		SOLE	0	145,816	0	524,386
CENTERPOINT ENERGY	Common	15189T107	335	13,680	SH		SOLE	0	0	0	13,680
CF INDUSTRIES	Common	125269100	34,627	124,012	SH		SOLE	0	19,785	0	104,227
CHEVRON CORP NEW COM	Common	166764100	23,141	193,942	SH		SOLE	0	57,733	0	136,209
CHICAGO BRIDGE & IRON CO. N.V.	Common	167250109	13,746	237,624	SH		SOLE	0	13,724	0	223,900
CHINA MOBILE LIMITED	Common	16941M109	1,595	27,152	SH		SOLE	0	22,622	0	4,530
CHINA PETE & CHEM CORP	Common	16941R108	1,099	12,591	SH		SOLE	0	10,384	0	2,207
CISCO SYS INC COM	Common	17275R102	33,021	1,311,922	SH		SOLE	0	302,198	0	1,009,724
CITIGROUP INC	Common	172967424	38,234	737,834	SH		SOLE	0	160,487	0	577,347
COACH INC	Common	189754104	10,873	305,344	SH		SOLE	0	9,244	0	296,100
COCA COLA	Common	191216100	333	7,805	SH		SOLE	0	5,205	0	2,600
COGNIZANT TECH	Common	192446102	9,520	212,650	SH		SOLE	0	5,660	0	206,990
CONOCOPHILLIPS	Common	20825C104	48,528	634,187	SH		SOLE	0	157,118	0	477,069
COPA HOLDINGS SA	Common	P31076105	13,507	125,890	SH		SOLE	0	7,090	0	118,800
CORE LABORATORIES N V	Common	N22717107	3,029	20,700	SH		SOLE	0	0	0	20,700
CVS CAREMARK CORPORATION COM	Common	126650100	44,457	558,574	SH		SOLE	0	123,153	0	435,421
DANAHER CORP DEL COM	Common	235851102	32,867	432,578	SH		SOLE	0	99,068	0	333,510
DELPHI AUTOMOTIVE PLC	Common	G27823106	62,277	1,015,277	SH		SOLE	0	183,294	0	831,983
DIAGEO P L C ADR	Common	25243Q205	1,304	11,302	SH		SOLE	0	0	0	11,302
DISCOVER FINANCIAL SERVICES	Common	254709108	45,252	702,783	SH		SOLE	0	153,830	0	548,953
DOCTOR REDDY'S LAB-ADR	Common	256135203	19,035	362,223	SH		SOLE	0	14,023	0	348,200
DOLLAR TREE INC COM	Common	256746108	10,745	191,637	SH		SOLE	0	5,747	0	185,890
DOMINION RES INC VA NEW COM	Common	25746U109	1,719	24,877	SH		SOLE	0	13,652	0	11,225
DUPONT ELNEMOURS	Common	263534109	2,248	31,328	SH		SOLE	0	25,605	0	5,723
E HOUSE CHINA HLDGS LTD	Common	26852W103	9,278	974,576	SH		SOLE	0	51,176	0	923,400
ELI LILLY & CO	Common	532457108	3,705	57,138	SH		SOLE	0	31,164	0	25,974
EMC CORP	Common	268648102	22,654	774,224	SH		SOLE	0	166,895	0	607,329
EMERSON ELEC CO COM	Common	291011104	244	3,893	SH		SOLE	0	200	0	3,693
ENERGY TRANSFER EQUITY LP	LTD Partner	29273V100	521	8,442	SH		SOLE	0	8,442	0	0
ENTERPRISE PRODUCTS PARTNERS	LTD Partner	293792107	282	7,000	SH		SOLE	0	7,000	0	0
EXPRESS SCRIPTS HOLDING COMPAN	Common	30219G108	51,831	733,843	SH		SOLE	0	168,336	0	565,507
EXXON MOBIL	Common	30231G102	1,282	13,633	SH		SOLE	0	7,480	0	6,153
F5 NETWORKS	Common	315616102	11,126	93,702	SH		SOLE	0	2,862	0	90,840
FAMILY DOLLAR	Common	307000109	12,209	158,065	SH		SOLE	0	4,995	0	153,070
FASTENAL CO	Common	311900104	9,453	210,538	SH		SOLE	0	5,978	0	204,560
FINANCIAL SELECT SECTOR	Common	81369Y605	463	20,000	SH		SOLE	0	0	0	20,000
FOSSIL INC	Common	34988V106	9,350	99,569	SH		SOLE	0	2,709	0	96,860
GANNETT INC DEL	Common	364730101	49,474	1,667,482	SH		SOLE	0	378,485	0	1,288,997
GARMIN LTD***	Common	H2906T109	1,250	24,045	SH		SOLE	0	18,846	0	5,199
GENERAL DYNAMICS CORP	Common	369550108	11,404	89,730	SH		SOLE	0	2,400	0	87,330
GENERAL ELECTRIC CO	Common	369604103	42,848	1,672,451	SH		SOLE	0	449,929	0	1,222,522
GENERAL MILLS	Common	370334104	1,025	20,310	SH		SOLE	0	1,250	0	19,060
GILEAD SCIENCES INC	Common	375558103	66,428	624,035	SH		SOLE	0	118,674	0	505,361
GLAXOSMITHKLINE PLC	Common	37733W105	1,055	22,954	SH		SOLE	0	22,954	0	0
GOLDMAN SACHS GROUP INC COM	Common	38141G104	48,845	266,086	SH		SOLE	0	60,336	0	205,750
GOOGLE CL C	Common	38259P706	22,573	39,097	SH		SOLE	0	9,251	0	29,846
GOOGLE INC CL A	Common	38259P508	23,006	39,099	SH		SOLE	0	9,253	0	29,846
GREEN MTN COFFEE ROASTER	Common	49271M100	10,902	83,781	SH		SOLE	0	2,541	0	81,240
GRIFOLS, S.A. ADR	Common	398438408	12,586	358,255	SH		SOLE	0	17,955	0	340,300
GRUPO FINANCIERO SANTANDER MEX	Common	40053C105	13,143	971,361	SH		SOLE	0	54,161	0	917,200
HALLIBURTON CO	Common	406216101	33,709	522,543	SH		SOLE	0	113,658	0	408,885
HEWLETT PACKARD CO COM	Common	428236103	59,519	1,678,026	SH		SOLE	0	384,062	0	1,293,964
HITACHI LTD ADR	Common	433578507	8,784	114,840	SH		SOLE	0	6,540	0	108,300
HOLLYSYS AUTOMATION, LTD	Common	G45667105	13,003	578,185	SH		SOLE	0	32,585	0	545,600
HOME DEPOT	Common	437076102	59,107	644,284	SH		SOLE	0	144,826	0	499,458
HUMANA INC	Common	444859102	10,614	81,464	SH		SOLE	0	2,194	0	79,270
ICICI BK LTD ADR	Common	45104G104	9,973	203,111	SH		SOLE	0	11,811	0	191,300
ICON PLC - AMERICAN DEPOSITARY	Common	G4705A100	13,508	236,030	SH		SOLE	0	14,130	0	221,900
ILLINOIS TOOL WKS INC COM	Common	452308109	43,769	518,471	SH		SOLE	0	116,745	0	401,726
INFOSYS TECHNOLOGIES LTD	Common	456788108	12,444	205,722	SH		SOLE	0	11,322	0	194,400
INTEL CORP	Common	458140100	63,422	1,821,441	SH		SOLE	0	455,561	0	1,365,880
INTL. BUSINESS MACHS CO	Common	459200101	11,101	58,480	SH		SOLE	0	1,805	0	56,675
INVESCO PLC	Common	G491BT108	40,251	1,019,526	SH		SOLE	0	151,491	0	868,035
ISHARES BARCLAYS TIPS BOND FUN	ETF	464287176	617	5,505	SH		SOLE	0	5,505	0	0
ISHARES CORE S&P 500 INDEX	ETF	464287200	4,510	22,750	SH		SOLE	0	22,750	0	0
ISHARES CORE TOTAL US BOND MAR	ETF	464287226	30,462	279,190	SH		SOLE	0	279,190	0	0
ISHARES INC S+P SMALL CAP 600/	ETF	464287887	918	8,160	SH		SOLE	0	8,160	0	0
ISHARES LEHMAN TREASURY BOND F	ETF	464287457	3,529	41,760	SH		SOLE	0	41,760	0	0
ISHARES S&P 500 BAR VALUE	ETF	464287408	12,227	135,750	SH		SOLE	0	135,750	0	0
ISHARES TR	ETF	464288612	1,528	13,859	SH		SOLE	0	13,859	0	0
ISHARES TR MSCI EAFE IDX	ETF	464287465	8,859	138,160	SH		SOLE	0	138,160	0	0
ISHARES TR S&P MIDCAP GROWTH	ETF	464287606	1,539	10,160	SH		SOLE	0	10,160	0	0
ISHARES TR S&P MIDCP VALUE	ETF	464287705	2,335	19,410	SH		SOLE	0	19,410	0	0
ISHARES TR S&P SMLCP VALUE	ETF	464287879	1,469	13,690	SH		SOLE	0	13,690	0	0
ISHARES TR S&P500/BAR GRW	ETF	464287309	15,959	149,400	SH		SOLE	0	149,400	0	0
ITAU UNIBANCO HOLDINGS SA	Common	465562106	12,053	868,369	SH		SOLE	0	47,669	0	820,700
J P MORGAN CHASE & CO	Common	46625H100	49,036	814,003	SH		SOLE	0	190,719	0	623,284
JAZZ PHARMACEUTICALS INC	Common	G50871105	16,500	102,762	SH		SOLE	0	5,762	0	97,000
JOHNSON & JOHNSON COM	Common	478160104	1,026	10,732	SH		SOLE	0	7,519	0	3,213
KENTUCKY BANCSHARES INC	Common	491203105	242	8,400	SH		SOLE	0	8,400	0	0
KINDER MORGAN	Common	494550106	233	2,500	SH		SOLE	0	2,500	0	0
KONINKLIJKE PHILIPS ELECT	Common	500472303	3,412	107,600	SH		SOLE	0	0	0	107,600
KRAFT FOODS GROUP	Common	50076Q106	328	5,823	SH		SOLE	0	473	0	5,350
KUBOTA CORPORATION ADR	Common	501173207	12,091	153,636	SH		SOLE	0	4,536	0	149,100
LABORATORY CORP AMER HLDGS COM	Common	50540R409	10,332	101,541	SH		SOLE	0	2,681	0	98,860
LAZARD LTD	Common	G54050102	21,615	426,338	SH		SOLE	0	23,838	0	402,500
LINCOLN NATIONAL CORP	Common	534187109	33,007	616,037	SH		SOLE	0	141,162	0	474,875
LULULEMON ATHLETICA INC	Common	550021109	3,373	80,300	SH		SOLE	0	0	0	80,300
LYONDELLBASELL INDUSTRIES	Common	N53745100	17,546	161,470	SH		SOLE	0	8,670	0	152,800
MACYS INC	Common	55616P104	42,663	733,296	SH		SOLE	0	162,130	0	571,166
MAGNA INTERNATIONAL INC	Common	559222401	17,396	183,295	SH		SOLE	0	8,695	0	174,600
MAKITA CORP ADR	Common	560877300	12,658	223,268	SH		SOLE	0	12,468	0	210,800
MARATHON OIL CORP COM	Common	565849106	536	14,248	SH		SOLE	0	13,798	0	450
MARATHON PETROLEUM CORP	Common	56585A102	12,212	144,231	SH		SOLE	0	14,266	0	129,965
MCDONALDS CORP	Common	580135101	643	6,782	SH		SOLE	0	3,290	0	3,492
MCKESSON CORP COM	Common	58155Q103	51,528	264,696	SH		SOLE	0	60,998	0	203,698
MERCADOLIBRE INC	Common	58733R102	3,998	36,800	SH		SOLE	0	0	0	36,800
MERCK & CO INC	Common	58933Y105	31,252	527,191	SH		SOLE	0	118,371	0	408,820
METHANEX CORP	Common	59151K108	16,677	249,646	SH		SOLE	0	11,046	0	238,600
MICHAEL KORS HOLDINGS LTD***	Common	G60754101	11,020	154,362	SH		SOLE	0	3,562	0	150,800
MICROSOFT CORP	Common	594918104	782	16,868	SH		SOLE	0	10,935	0	5,933
MITSUBISHI UFJ FINL GROUP ADR	Common	606822104	13,646	2,432,456	SH		SOLE	0	141,156	0	2,291,300
MITSUI & CO LTD ADR	Common	606827202	13,055	41,392	SH		SOLE	0	2,292	0	39,100
MOBILE TELESYSTEMS OJSC	Common	607409109	2,488	166,500	SH		SOLE	0	0	0	166,500
NATIONAL GRID TRANSCO PLC ADR	Common	636274300	8,929	124,230	SH		SOLE	0	30,011	0	94,219
NAVIGATOR HOLDINGS LTD	Common	Y62132108	10,386	373,179	SH		SOLE	0	21,179	0	352,000
NESTLE S A ADR	Common	641069406	15,581	211,619	SH		SOLE	0	14,319	0	197,300
NETAPP	Common	64110D104	12,277	285,772	SH		SOLE	0	8,562	0	277,210
NETEASE INC. ADR	Common	64110W102	16,000	186,794	SH		SOLE	0	9,994	0	176,800
NEXTERA ENERGY INC	Common	65339F101	20,008	213,115	SH		SOLE	0	41,167	0	171,948
NIDEC CORP	Common	654090109	3,619	213,900	SH		SOLE	0	0	0	213,900
NIPPON TELEG & TEL CORP	Common	654624105	1,109	35,633	SH		SOLE	0	29,868	0	5,765
NISSAN MOTORS	Common	654744408	4,414	227,916	SH		SOLE	0	12,916	0	215,000
NORFOLK SOUTHERN CORP	Common	655844108	47,267	423,539	SH		SOLE	0	96,744	0	326,795
NOVARTIS A G SPONSORED ADR	Common	66987V109	16,115	171,196	SH		SOLE	0	21,399	0	149,797
NOVO-NORDISK A S ADR	Common	670100205	13,473	282,915	SH		SOLE	0	17,315	0	265,600
NXP SEMICONDUCTORS NV	Common	N6596X109	7,850	114,716	SH		SOLE	0	3,616	0	111,100
OPEN TEXT CORPORATION	Common	683715106	20,195	364,398	SH		SOLE	0	20,298	0	344,100
ORACLE CORP COM	Common	68389X105	32,909	859,690	SH		SOLE	0	191,279	0	668,411
ORANGE	Common	684060106	11,084	751,956	SH		SOLE	0	35,356	0	716,600
ORIX CORP ADR	Common	686330101	15,524	224,993	SH		SOLE	0	12,193	0	212,800
OSHKOSH CORPORATION	Common	688239201	16,969	384,335	SH		SOLE	0	87,828	0	296,507
PEPSICO INC COM	Common	713448108	464	4,982	SH		SOLE	0	3,355	0	1,627
PERFECT WORLD CO LTD	Common	71372U104	4,367	221,767	SH		SOLE	0	11,767	0	210,000
PETROLEO BRASILEIRO SA PE	Common	71654V408	3,535	249,086	SH		SOLE	0	14,086	0	235,000
PETSMART INC.	Common	716768106	12,156	173,431	SH		SOLE	0	4,141	0	169,290
PFIZER INC	Common	717081103	28,398	960,386	SH		SOLE	0	155,718	0	804,668
PHILIP MORRIS INTL INC COM	Common	718172109	23,135	277,401	SH		SOLE	0	77,139	0	200,262
PHILLIPS 66	Common	718546104	51,144	629,004	SH		SOLE	0	114,697	0	514,307
PLAINS ALL AMERICAN PIPELINE L	LTD Partner	726503105	557	9,460	SH		SOLE	0	9,200	0	260
POTASH CORP OF SASKATCHEWAN	Common	73755l107	15,267	441,748	SH		SOLE	0	65,340	0	376,408
PRICELINE INC	Common	741503403	10,024	8,652	SH		SOLE	0	232	0	8,420
PROCTER & GAMBLE	Common	742718109	843	10,065	SH		SOLE	0	6,995	0	3,070
QIHOO 360 TECHNOLOGY CO. LTD	Common	74734M109	2,402	35,600	SH		SOLE	0	0	0	35,600
QIWI PLC	Common	74735M108	8,738	276,626	SH		SOLE	0	15,626	0	261,000
QUALCOMM INC	Common	747525103	40,718	544,577	SH		SOLE	0	126,863	0	417,714
RIO TINTO PLC ADR	Common	767204100	10,932	222,287	SH		SOLE	0	13,087	0	209,200
ROCHE HLDG LTD	Common	771195104	10,842	293,088	SH		SOLE	0	14,188	0	278,900
SASOL LTD ADR	Common	803866300	3,046	55,900	SH		SOLE	0	0	0	55,900
SCHLUMBERGER LTD	Common	806857108	15,574	153,154	SH		SOLE	0	8,554	0	144,600
SEADRILL LIMITED	Common	G7945E105	6,591	246,304	SH		SOLE	0	50,979	0	195,325
SEAGATE TECH***	Common	G7945M107	25,607	447,128	SH		SOLE	0	15,758	0	431,370
SENSATA TECHNOLOGIES HOLDING N	Common	N7902X106	8,802	197,679	SH		SOLE	0	10,679	0	187,000
SHAW COMMUNICATIONS	Common	82028K200	1,586	64,782	SH		SOLE	0	53,517	0	11,265
SIEMENS A G ADR	Common	826197501	9,485	79,653	SH		SOLE	0	3,957	0	75,696
SMITH & NEPHEW PLC ADR	Common	83175M205	13,412	159,302	SH		SOLE	0	9,302	0	150,000
SOUFUN HOLDINGS ADR	Common	836034108	3,581	359,900	SH		SOLE	0	0	0	359,900
SOUTHWEST AIRLINES	Common	844741108	10,342	306,251	SH		SOLE	0	9,251	0	297,000
STANTEC, INC	Common	85472N109	15,864	243,213	SH		SOLE	0	13,513	0	229,700
STARBUCKS	Common	855244109	10,141	134,390	SH		SOLE	0	3,560	0	130,830
STATE STR CORP COM	Common	857477103	25,760	349,956	SH		SOLE	0	77,599	0	272,357
STATOIL ASA	Common	85771P102	2,884	106,200	SH		SOLE	0	0	0	106,200
STRYKER CORP	Common	863667101	20,202	250,181	SH		SOLE	0	53,894	0	196,287
SUN LIFE FINANCIAL	Common	866796105	1,941	53,511	SH		SOLE	0	41,665	0	11,846
TAIWAN SEMICONDUCTOR MFG CO AD	Common	874039100	12,290	608,986	SH		SOLE	0	34,886	0	574,100
TATA MOTORS LTD ADR	Common	876568502	21,304	487,399	SH		SOLE	0	21,599	0	465,800
TE CONNECTIVITY LTD.	Common	H84989104	38,086	688,839	SH		SOLE	0	158,713	0	530,126
TELENOR ASA ADR	Common	87944W105	3,152	47,900	SH		SOLE	0	0	0	47,900
TELSTRA	Common	87969N204	3,154	135,600	SH		SOLE	0	0	0	135,600
TELUS CORP NV	Common	87971M103	7,573	221,552	SH		SOLE	0	11,252	0	210,300
TENARIS SA ADR	Common	88031M109	13,083	287,240	SH		SOLE	0	16,140	0	271,100
TOTAL SA	Common	89151E109	4,545	70,524	SH		SOLE	0	20,702	0	49,822
TYCO INTL LTD NEW	Common	H89128104	18,454	414,055	SH		SOLE	0	21,817	0	392,238
UNION PAC CORP COM	Common	907818108	68,028	627,449	SH		SOLE	0	143,377	0	484,072
UNITED HEALTHCARE CORP	Common	91324p102	47,956	556,008	SH		SOLE	0	128,577	0	427,431
UNITED RENTALS INC	Common	911363109	60,547	544,977	SH		SOLE	0	121,620	0	423,357
UNITED TECHNOLOGIES CORP COM	Common	913017109	22,152	209,773	SH		SOLE	0	47,464	0	162,309
VANGUARD BD INDEX FD INC	Common	921937827	965	12,050	SH		SOLE	0	12,050	0	0
VERIZON COMMUNICATIONS	Common	92343V104	795	15,913	SH		SOLE	0	12,732	0	3,181
VERMILION ENERGY INC	Common	923725105	13,049	214,727	SH		SOLE	0	30,458	0	184,269
VODAFONE GROUP PLC ADR	Common	92857W308	10,473	318,407	SH		SOLE	0	89,727	0	228,680
VOLKSWAGEN AG ADR	Common	928662303	8,084	195,798	SH		SOLE	0	10,998	0	184,800
W.W. GRAINGER INC.	Common	384802104	10,306	40,955	SH		SOLE	0	1,135	0	39,820
WELLPOINT INC COM	Common	94973V107	22,140	185,087	SH		SOLE	0	40,944	0	144,143
WELLS FARGO & CO	Common	949746101	44,812	863,927	SH		SOLE	0	198,673	0	665,254
WESTPAC BKG CORP	Common	961214301	1,694	60,265	SH		SOLE	0	49,717	0	10,548
WHIRLPOOL CORP	Common	963320106	39,924	274,111	SH		SOLE	0	61,892	0	212,219
WHOLE FOODS MARKET INC.	Common	966837106	10,270	269,470	SH		SOLE	0	7,400	0	262,070
XL GROUP PLC***	Common	G98290102	3,350	101,000	SH		SOLE	0	0	0	101,000
YANDEX N.V.	Common	N97284108	10,170	365,896	SH		SOLE	0	15,296	0	350,600
YPF S.A.	Common	984245100	11,876	321,078	SH		SOLE	0	18,078	0	303,000
YUM! BRANDS INC	Common	988498101	9,256	128,592	SH		SOLE	0	3,912	0	124,680
ZIMMER HLDGS INC	Common	98956p102	27,241	270,921	SH		SOLE	0	61,754	0	209,167