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
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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	786	4,764	SH		SOLE	0	0	0	4,764
ABBVIE	common	00287Y109	1,421	24,275	SH		SOLE	0	17,504	0	6,771
ACCENTURE LTD BERMUDA***	common	G1151C101	3,167	33,800	SH		SOLE	0	0	0	33,800
ACTAVIS, INC.	common	G0083B108	10,909	36,652	SH		SOLE	0	2,613	0	34,039
ADVANCED SEMICONDUCTOR ENGINEE	common	00756M404	3,414	474,100	SH		SOLE	0	0	0	474,100
AERCAP HOLDINGS NV	common	N00985106	4,279	98,022	SH		SOLE	0	7,922	0	90,100
AGRIUM, INC	common	008916108	9,999	95,895	SH		SOLE	0	7,796	0	88,099
ALTRIA GROUP INC COM	common	02209S103	38,034	760,373	SH		SOLE	0	198,636	0	561,737
AMDOCS LTD	common	G02602103	15,428	283,613	SH		SOLE	0	22,222	0	261,391
AMERICA MOVIL S A DE C V	common	02364W105	10,075	492,380	SH		SOLE	0	30,009	0	462,371
AMERIPRISE FINANCIAL INC	common	03076C106	63,945	488,724	SH		SOLE	0	107,624	0	381,100
AMGEN INC	common	031162100	424	2,651	SH		SOLE	0	1,045	0	1,606
ANTHEM, INC	common	036752103	28,391	183,870	SH		SOLE	0	39,264	0	144,606
AON CORP.	common	G0408V102	14,452	150,352	SH		SOLE	0	12,197	0	138,155
APPLE COMPUTER INC	common	037833100	61,480	494,098	SH		SOLE	0	89,314	0	404,784
ASHLAND INC	common	044209104	332	2,606	SH		SOLE	0	2,606	0	0
ASTRAZENECA PLC-SPONS ADR	common	046353108	1,300	19,000	SH		SOLE	0	13,230	0	5,770
AT&T INC COM	common	00206R102	1,675	51,302	SH		SOLE	0	37,573	0	13,729
AU OPTRONICS CORP	common	002255107	2,315	462,000	SH		SOLE	0	0	0	462,000
AUTOZONE INC	common	053332102	362	530	SH		SOLE	0	530	0	0
AVAGO TECHNOLOGIES	common	Y0486S104	19,322	152,165	SH		SOLE	0	12,407	0	139,758
AVG TECHNOLOGIES N.V.	common	N07831105	8,371	386,647	SH		SOLE	0	31,252	0	355,395
AVON PRODUCTS INC	common	054303102	10,148	1,270,062	SH		SOLE	0	43,162	0	1,226,900
AXA- SPONS ADR	common	054536107	15,426	612,373	SH		SOLE	0	98,794	0	513,579
BANCO SANTANDER CHILE NEW	common	05965X109	6,953	320,728	SH		SOLE	0	26,000	0	294,728
BANK NOVA SCOTIA HALIFAX	common	064149107	1,419	28,247	SH		SOLE	0	23,489	0	4,758
BANK OF AMERICA CORPORATION	common	060505104	301	19,530	SH		SOLE	0	18,850	0	680
BARCLAYS ADR	common	06738E204	3,968	272,292	SH		SOLE	0	22,011	0	250,281
BAYER AG ADR	common	072730302	16,205	107,815	SH		SOLE	0	7,603	0	100,212
BED BATH & BEYOND INC	common	075896100	11,770	153,309	SH		SOLE	0	5,209	0	148,100
BLACKROCK INC	common	09247X101	69,212	189,186	SH		SOLE	0	41,821	0	147,365
BRITISH AMERN TOB PLC ADR	common	110448107	1,436	13,841	SH		SOLE	0	13,841	0	0
CA INC.	common	12673P105	2,431	74,562	SH		SOLE	0	61,819	0	12,743
CAMERON INTERNATIONAL CORP	common	13342B105	32,014	709,540	SH		SOLE	0	110,720	0	598,820
CANADIAN NATL RY CO	common	136375102	16,209	242,409	SH		SOLE	0	19,857	0	222,552
CANADIAN PACIFIC RAILWAY LTD	common	13645T100	6,863	37,565	SH		SOLE	0	1,744	0	35,821
CANON INC	common	138006309	3,293	93,100	SH		SOLE	0	0	0	93,100
CBS CORPORATION	common	124857202	53,425	881,159	SH		SOLE	0	147,442	0	733,717
CENTERPOINT ENERGY	common	15189T107	264	12,926	SH		SOLE	0	0	0	12,926
CF INDUSTRIES	common	125269100	34,509	121,648	SH		SOLE	0	19,105	0	102,543
CHEVRON CORP NEW COM	common	166764100	14,078	134,097	SH		SOLE	0	43,429	0	90,668
CHICAGO BRIDGE & IRON CO. N.V.	common	167250109	12,069	245,013	SH		SOLE	0	20,856	0	224,157
CHINA LIFE INS CO LTD	common	16939P106	2,544	38,500	SH		SOLE	0	0	0	38,500
CHINA MOBILE LIMITED	common	16941M109	1,761	27,081	SH		SOLE	0	22,731	0	4,350
CHINA PETE & CHEM CORP	common	16941R108	1,002	12,581	SH		SOLE	0	10,462	0	2,119
CISCO SYS INC COM	common	17275R102	35,857	1,302,690	SH		SOLE	0	289,562	0	1,013,128
COACH INC	common	189754104	1,947	46,999	SH		SOLE	0	39,464	0	7,535
CONOCOPHILLIPS	common	20825C104	13,002	208,823	SH		SOLE	0	62,546	0	146,277
COPA HOLDINGS SA	common	P31076105	12,974	128,491	SH		SOLE	0	9,560	0	118,931
CORE LABORATORIES N V	common	N22717107	3,145	30,100	SH		SOLE	0	0	0	30,100
CORNING INC	common	219350105	11,596	511,278	SH		SOLE	0	15,678	0	495,600
CVS CAREMARK CORPORATION COM	common	126650100	57,338	555,555	SH		SOLE	0	118,713	0	436,842
DANAHER CORP DEL COM	common	235851102	294	3,460	SH		SOLE	0	3,460	0	0
DELHAIZE GROUP	common	29759W101	3,456	154,500	SH		SOLE	0	0	0	154,500
DELPHI AUTOMOTIVE PLC	common	G27823106	84,666	1,061,775	SH		SOLE	0	183,361	0	878,414
DELTA AIRLINES	common	247361702	10,667	237,251	SH		SOLE	0	8,151	0	229,100
DIAGEO P L C ADR	common	25243Q205	1,237	11,184	SH		SOLE	0	0	0	11,184
DISCOVER FINANCIAL SERVICES	common	254709108	39,350	698,315	SH		SOLE	0	147,566	0	550,749
DOCTOR REDDY'S LAB-ADR	common	256135203	19,733	345,575	SH		SOLE	0	20,144	0	325,431
DOLLAR TREE INC COM	common	256746108	13,393	165,049	SH		SOLE	0	5,659	0	159,390
DOMINION RES INC VA NEW COM	common	25746U109	592	8,358	SH		SOLE	0	200	0	8,158
DUPONT ELNEMOURS	common	263534109	2,223	31,112	SH		SOLE	0	25,616	0	5,496
ELI LILLY & CO	common	532457108	3,768	51,865	SH		SOLE	0	27,193	0	24,672
EMC CORP	common	268648102	28,102	1,099,467	SH		SOLE	0	245,006	0	854,461
EMERSON ELEC CO COM	common	291011104	221	3,903	SH		SOLE	0	210	0	3,693
ENERGY TRANSFER EQUITY LP	LTD Partner	29273V100	535	8,442	SH		SOLE	0	8,442	0	0
ENTERPRISE PRODUCTS PARTNERS	LTD Partner	293792107	231	7,000	SH		SOLE	0	7,000	0	0
EXPRESS SCRIPTS HOLDING COMPAN	common	30219G108	63,246	728,903	SH		SOLE	0	161,457	0	567,446
EXXON MOBIL	common	30231G102	1,164	13,693	SH		SOLE	0	7,540	0	6,153
F5 NETWORKS	common	315616102	10,247	89,152	SH		SOLE	0	3,052	0	86,100
FACEBOOK INC.	common	30303M102	12,113	147,333	SH		SOLE	0	4,533	0	142,800
FASTENAL CO	common	311900104	10,124	244,343	SH		SOLE	0	7,543	0	236,800
FINANCIAL SELECT SECTOR	common	81369Y605	482	20,000	SH		SOLE	0	0	0	20,000
FLEXTRONICS INTL LTD	common	Y2573F102	2,484	196,000	SH		SOLE	0	0	0	196,000
FRESENIUS MEDICAL CARE AG & CO	common	358029106	222	5,350	SH		SOLE	0	5,350	0	0
GANNETT INC DEL	common	364730101	61,377	1,655,258	SH		SOLE	0	362,066	0	1,293,192
GAP INC	common	364760108	11,861	273,726	SH		SOLE	0	8,426	0	265,300
GARMIN LTD***	common	H2906T109	12,302	258,872	SH		SOLE	0	42,706	0	216,166
GENERAL ELECTRIC CO	common	369604103	2,491	100,404	SH		SOLE	0	98,304	0	2,100
GENERAL MILLS	common	370334104	1,133	20,024	SH		SOLE	0	1,180	0	18,844
GILEAD SCIENCES INC	common	375558103	61,985	631,663	SH		SOLE	0	139,243	0	492,420
GLAXOSMITHKLINE PLC	common	37733W105	1,063	23,047	SH		SOLE	0	23,047	0	0
GOLDMAN SACHS GROUP INC COM	common	38141G104	49,665	264,215	SH		SOLE	0	57,794	0	206,421
GOOGLE CL C	common	38259P706	21,269	38,811	SH		SOLE	0	8,879	0	29,932
GOOGLE INC CL A	common	38259P508	21,535	38,823	SH		SOLE	0	8,891	0	29,932
GRIFOLS, S.A. ADR	common	398438408	12,031	366,695	SH		SOLE	0	26,011	0	340,684
GRUPO FINANCIERO SANTANDER MEX	common	40053C105	10,906	998,687	SH		SOLE	0	80,457	0	918,230
HALLIBURTON CO	common	406216101	22,831	520,306	SH		SOLE	0	110,081	0	410,225
HDFC BANK LTD	common	40415F101	12,452	211,445	SH		SOLE	0	17,223	0	194,222
HEWLETT PACKARD CO COM	common	428236103	61,038	1,958,884	SH		SOLE	0	377,536	0	1,581,348
HITACHI LTD ADR	common	433578507	8,112	118,172	SH		SOLE	0	9,749	0	108,423
HOLLYSYS AUTOMATION, LTD	common	G45667105	11,789	593,312	SH		SOLE	0	47,108	0	546,204
HOME DEPOT	common	437076102	72,829	641,044	SH		SOLE	0	139,868	0	501,176
HSBC HLDGS PLC ADR	common	404280406	1,436	33,735	SH		SOLE	0	28,120	0	5,615
ICICI BK LTD ADR	common	45104G104	13,437	1,297,009	SH		SOLE	0	86,819	0	1,210,190
ICON PLC - AMERICAN DEPOSITARY	common	G4705A100	17,087	242,264	SH		SOLE	0	20,118	0	222,146
ILLINOIS TOOL WKS INC COM	common	452308109	50,115	515,904	SH		SOLE	0	112,940	0	402,964
INFOSYS TECHNOLOGIES LTD	common	456788108	17,883	509,762	SH		SOLE	0	33,642	0	476,120
INTEL CORP	common	458140100	66,504	2,126,772	SH		SOLE	0	447,366	0	1,679,406
INTL. BUSINESS MACHS CO	common	459200101	11,699	72,889	SH		SOLE	0	2,539	0	70,350
INTUIT	common	461202103	12,315	127,016	SH		SOLE	0	3,916	0	123,100
INVESCO PLC	common	G491BT108	57,257	1,442,606	SH		SOLE	0	232,313	0	1,210,293
ISHARES BARCLAYS TIPS BOND FUN	ETF	464287176	625	5,505	SH		SOLE	0	5,505	0	0
ISHARES CORE S&P 500 INDEX	ETF	464287200	4,261	20,500	SH		SOLE	0	20,500	0	0
ISHARES CORE TOTAL US BOND MAR	ETF	464287226	27,813	249,600	SH		SOLE	0	249,600	0	0
ISHARES INC S+P SMALL CAP 600/	ETF	464287887	972	7,470	SH		SOLE	0	7,470	0	0
ISHARES LEHMAN TREASURY BOND F	ETF	464287457	3,199	37,690	SH		SOLE	0	37,690	0	0
ISHARES S&P 500 BAR VALUE	ETF	464287408	11,348	122,600	SH		SOLE	0	122,600	0	0
ISHARES TR	ETF	464288612	1,539	13,764	SH		SOLE	0	13,764	0	0
ISHARES TR MSCI EAFE IDX	ETF	464287465	8,021	125,000	SH		SOLE	0	125,000	0	0
ISHARES TR S&P MIDCAP GROWTH	ETF	464287606	1,585	9,240	SH		SOLE	0	9,240	0	0
ISHARES TR S&P MIDCP VALUE	ETF	464287705	2,293	17,510	SH		SOLE	0	17,510	0	0
ISHARES TR S&P SMLCP VALUE	ETF	464287879	1,478	12,430	SH		SOLE	0	12,430	0	0
ISHARES TR S&P500/BAR GRW	ETF	464287309	15,363	134,820	SH		SOLE	0	134,820	0	0
ITAU UNIBANCO HOLDINGS SA	common	465562106	6,311	570,643	SH		SOLE	0	29,943	0	540,700
J P MORGAN CHASE & CO	common	46625H100	49,025	809,257	SH		SOLE	0	183,928	0	625,329
JAZZ PHARMACEUTICALS INC	common	G50871105	18,234	105,527	SH		SOLE	0	8,415	0	97,112
JOHNSON & JOHNSON COM	common	478160104	651	6,473	SH		SOLE	0	3,260	0	3,213
JUNIPER NETWORKS	common	48203R104	11,817	523,358	SH		SOLE	0	17,858	0	505,500
KENTUCKY BANCSHARES INC	common	491203105	236	8,400	SH		SOLE	0	8,400	0	0
KRAFT FOODS GROUP	common	50076Q106	500	5,734	SH		SOLE	0	573	0	5,161
KUBOTA CORPORATION ADR	common	501173207	12,843	161,862	SH		SOLE	0	12,600	0	149,262
LAZARD LTD	common	G54050102	22,310	424,227	SH		SOLE	0	21,727	0	402,500
LINCOLN NATIONAL CORP	common	534187109	45,830	797,607	SH		SOLE	0	175,703	0	621,904
LOWE'S CO.	common	548661107	12,861	172,886	SH		SOLE	0	5,386	0	167,500
LVMH Moet Hennessy	common	502441306	8,260	234,262	SH		SOLE	0	19,020	0	215,242
LYONDELLBASELL INDUSTRIES	common	N53745100	17,982	204,812	SH		SOLE	0	12,456	0	192,356
MACYS INC	common	55616P104	47,260	728,087	SH		SOLE	0	154,928	0	573,159
MAGNA INTERNATIONAL INC	common	559222401	20,301	378,332	SH		SOLE	0	25,810	0	352,522
MAKITA CORP ADR	common	560877300	11,941	229,484	SH		SOLE	0	18,459	0	211,025
MALLINCKRODT PLC	common	G5785G107	223	1,760	SH		SOLE	0	1,760	0	0
MARATHON OIL CORP COM	common	565849106	372	14,248	SH		SOLE	0	13,798	0	450
MARATHON PETROLEUM CORP	common	56585A102	24,383	238,140	SH		SOLE	0	53,193	0	184,947
MCDONALDS CORP	common	580135101	645	6,622	SH		SOLE	0	3,300	0	3,322
MCKESSON CORP COM	common	58155Q103	59,460	262,864	SH		SOLE	0	58,473	0	204,391
MERCK & CO INC	common	58933Y105	30,111	523,857	SH		SOLE	0	113,169	0	410,688
METHANEX CORP	common	59151K108	6,782	130,487	SH		SOLE	0	10,487	0	120,000
MICHAEL KORS HOLDINGS LTD***	common	G60754101	13,335	202,810	SH		SOLE	0	5,410	0	197,400
MICROSOFT CORP	common	594918104	687	16,898	SH		SOLE	0	10,965	0	5,933
MITSUBISHI UFJ FINL GROUP ADR	common	606822104	11,928	1,917,602	SH		SOLE	0	154,284	0	1,763,318
MITSUI & CO LTD ADR	common	606827202	8,245	30,670	SH		SOLE	0	2,537	0	28,133
MOBILE TELESYSTEMS OJSC	common	607409109	3,558	352,300	SH		SOLE	0	0	0	352,300
NATIONAL GRID TRANSCO PLC ADR	common	636274300	8,161	126,307	SH		SOLE	0	32,218	0	94,089
NAVIGATOR HOLDINGS LTD	common	Y62132108	13,397	701,375	SH		SOLE	0	57,658	0	643,717
NESTLE S A ADR	common	641069406	9,036	119,574	SH		SOLE	0	12,155	0	107,419
NETEASE INC. ADR	common	64110W102	16,348	155,259	SH		SOLE	0	10,527	0	144,732
NISSAN MOTORS	common	654744408	6,896	337,831	SH		SOLE	0	27,480	0	310,351
NOAH HOLDINGS LTD ADS	common	65487X102	10,926	467,287	SH		SOLE	0	36,804	0	430,483
NORFOLK SOUTHERN CORP	common	655844108	37,738	366,667	SH		SOLE	0	81,554	0	285,113
NOVARTIS A G SPONSORED ADR	common	66987V109	17,098	173,395	SH		SOLE	0	24,615	0	148,780
NOVO-NORDISK A S ADR	common	670100205	10,917	204,471	SH		SOLE	0	11,131	0	193,340
NVR INC	common	62944T105	34,520	25,981	SH		SOLE	0	5,729	0	20,252
NXP SEMICONDUCTORS NV	common	N6596X109	21,280	212,032	SH		SOLE	0	14,251	0	197,781
O REILLY AUTOMOTIVE INC	common	67103H107	13,073	60,454	SH		SOLE	0	2,054	0	58,400
ON SEMICONDUCTOR CORP	common	682189105	11,610	958,682	SH		SOLE	0	212,782	0	745,900
OPEN TEXT CORPORATION	common	683715106	14,713	278,182	SH		SOLE	0	22,796	0	255,386
ORACLE CORP COM	common	68389X105	36,837	853,689	SH		SOLE	0	183,080	0	670,609
ORANGE	common	684060106	11,404	712,335	SH		SOLE	0	61,609	0	650,726
ORIX CORP ADR	common	686330101	12,233	173,909	SH		SOLE	0	13,931	0	159,978
OSHKOSH CORPORATION	common	688239201	18,679	382,845	SH		SOLE	0	84,993	0	297,852
PEPSICO INC COM	common	713448108	476	4,982	SH		SOLE	0	3,355	0	1,627
PETROCHINA CO LTD	common	71646E100	2,936	26,400	SH		SOLE	0	0	0	26,400
PFIZER INC	common	717081103	21,052	605,112	SH		SOLE	0	139,359	0	465,753
PHILIP MORRIS INTL INC COM	common	718172109	20,694	274,714	SH		SOLE	0	74,504	0	200,210
PHILLIPS 66	common	718546104	39,005	496,257	SH		SOLE	0	106,478	0	389,779
PLAINS ALL AMERICAN PIPELINE L	LTD Partner	726503105	461	9,460	SH		SOLE	0	9,200	0	260
POTASH CORP OF SASKATCHEWAN	common	73755l107	12,638	391,882	SH		SOLE	0	76,230	0	315,652
PROCTER & GAMBLE	common	742718109	828	10,105	SH		SOLE	0	7,035	0	3,070
PUBLIC SVC ENTERPRISE	common	744573106	20,726	494,414	SH		SOLE	0	111,559	0	382,855
QIWI PLC	common	74735M108	6,820	283,921	SH		SOLE	0	22,637	0	261,284
QUALCOMM INC	common	747525103	37,464	540,291	SH		SOLE	0	121,210	0	419,081
RIO TINTO PLC ADR	common	767204100	9,453	228,335	SH		SOLE	0	18,874	0	209,461
ROBERT HALF INTL	common	770323103	8,785	145,165	SH		SOLE	0	4,965	0	140,200
ROCHE HLDG LTD	common	771195104	2,874	83,300	SH		SOLE	0	0	0	83,300
ROSS STORES INC COM	common	778296103	266	2,527	SH		SOLE	0	0	0	2,527
SAP AKTIENGESELLSCHAFT ADR	common	803054204	3,233	44,800	SH		SOLE	0	0	0	44,800
SCHLUMBERGER LTD	common	806857108	13,172	157,858	SH		SOLE	0	13,112	0	144,746
SEAGATE TECH***	common	G7945M107	46,564	894,943	SH		SOLE	0	128,821	0	766,122
SENSATA TECHNOLOGIES HOLDING N	common	N7902X106	18,415	320,539	SH		SOLE	0	26,205	0	294,334
SHAW COMMUNICATIONS	common	82028K200	1,447	64,513	SH		SOLE	0	53,696	0	10,817
SHINHAN FINANCIAL GROUP C ADR	common	824596100	4,276	114,639	SH		SOLE	0	9,520	0	105,119
SHIRE PLC (ADS)***	common	82481R106	14,818	61,927	SH		SOLE	0	4,863	0	57,064
SIEMENS A G ADR	common	826197501	8,830	81,641	SH		SOLE	0	5,961	0	75,680
SILICONWARE PRECISION IND. CO.	common	827084864	2,168	265,000	SH		SOLE	0	0	0	265,000
SKY PLC ADR	common	83084V106	12,692	215,241	SH		SOLE	0	15,616	0	199,625
SMITH & NEPHEW PLC ADR	common	83175M205	8,674	253,859	SH		SOLE	0	23,601	0	230,258
SOUTHWEST AIRLINES	common	844741108	12,127	273,736	SH		SOLE	0	9,436	0	264,300
STANTEC, INC	common	85472N109	11,839	499,533	SH		SOLE	0	39,625	0	459,908
STARBUCKS	common	855244109	13,673	144,382	SH		SOLE	0	4,952	0	139,430
STATE STR CORP COM	common	857477103	33,052	449,507	SH		SOLE	0	99,972	0	349,535
STRYKER CORP	common	863667101	22,918	248,438	SH		SOLE	0	51,480	0	196,958
SUN LIFE FINANCIAL	common	866796105	2,168	70,359	SH		SOLE	0	58,319	0	12,040
TAIWAN SEMICONDUCTOR MFG CO AD	common	874039100	3,090	131,600	SH		SOLE	0	0	0	131,600
TATA MOTORS LTD ADR	common	876568502	18,740	415,909	SH		SOLE	0	33,512	0	382,397
TE CONNECTIVITY LTD.	common	H84989104	56,457	788,287	SH		SOLE	0	164,832	0	623,455
TELUS CORP NV	common	87971M103	6,175	185,774	SH		SOLE	0	13,280	0	172,494
TENARIS SA ADR	common	88031M109	8,337	297,782	SH		SOLE	0	24,372	0	273,410
TEVA PHARMACEUTICAL INDS LTD A	common	881624209	3,246	52,110	SH		SOLE	0	110	0	52,000
TOTAL SA	common	89151E109	1,255	25,271	SH		SOLE	0	20,737	0	4,534
TRACTOR SUPPLY	common	892356106	12,645	148,661	SH		SOLE	0	4,661	0	144,000
TRAVELERS COS INC	common	89417E109	11,972	110,717	SH		SOLE	0	3,417	0	107,300
TYCO INTL PLC	common	G91442106	1,149	26,675	SH		SOLE	0	0	0	26,675
UNION PAC CORP COM	common	907818108	67,228	620,697	SH		SOLE	0	137,248	0	483,449
UNITED HEALTHCARE CORP	common	91324p102	65,248	551,594	SH		SOLE	0	122,841	0	428,753
UNITED RENTALS INC	common	911363109	49,354	541,400	SH		SOLE	0	116,474	0	424,926
UNITED TECHNOLOGIES CORP COM	common	913017109	43,038	367,216	SH		SOLE	0	81,042	0	286,174
URBAN OUTFITTERS INC.	common	917047102	15,064	329,989	SH		SOLE	0	10,189	0	319,800
VALEANT PHARMA INTL	common	91911K102	13,102	65,967	SH		SOLE	0	5,900	0	60,067
VANGUARD BD INDEX FD INC	common	921937827	1,220	15,150	SH		SOLE	0	15,150	0	0
VANGUARD INTERMEDIATE-TERM COR	common	92206C870	502	5,725	SH		SOLE	0	5,725	0	0
VERIZON COMMUNICATIONS	common	92343V104	11,193	230,160	SH		SOLE	0	60,540	0	169,620
VERMILION ENERGY INC	common	923725105	7,449	177,033	SH		SOLE	0	31,770	0	145,263
VODAFONE GROUP PLC ADR	common	92857W308	963	29,463	SH		SOLE	0	24,208	0	5,255
VOLKSWAGEN AG ADR	common	928662303	8,111	157,290	SH		SOLE	0	12,325	0	144,965
W.W. GRAINGER INC.	common	384802104	10,827	45,913	SH		SOLE	0	1,413	0	44,500
WALMART DE MEXICO SAB	common	93114W107	3,700	148,300	SH		SOLE	0	0	0	148,300
WELLS FARGO & CO	common	949746101	46,659	857,714	SH		SOLE	0	190,301	0	667,413
WESTPAC BKG CORP	common	961214301	1,798	60,097	SH		SOLE	0	49,968	0	10,129
WHIRLPOOL CORP	common	963320106	55,193	273,151	SH		SOLE	0	60,096	0	213,055
WPP PLC ADR	common	92937A102	8,303	72,984	SH		SOLE	0	5,909	0	67,075
WUXI PHARMATECH CAYMAN IN	common	929352102	12,252	315,936	SH		SOLE	0	25,612	0	290,324
YPF S.A.	common	984245100	10,466	381,280	SH		SOLE	0	31,889	0	349,391
ZIMMER HLDGS INC	common	98956p102	22,788	193,910	SH		SOLE	0	43,480	0	150,430