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	766	6,300	SH		SOLE	0	1,731	0	4,569
ABBVIE	common	00287Y109	1,608	23,945	SH		SOLE	0	17,174	0	6,771
ACCENTURE LTD BERMUDA***	common	G1151C101	3,320	34,300	SH		SOLE	0	0	0	34,300
ADVANCED SEMICONDUCTOR ENGINEE	common	00756M404	3,017	457,100	SH		SOLE	0	0	0	457,100
AERCAP HOLDINGS NV	common	N00985106	13,798	301,330	SH		SOLE	0	52,050	0	249,280
AETNA INC	common	00817y108	13,507	105,974	SH		SOLE	0	3,274	0	102,700
AGRIUM, INC	common	008916108	11,265	106,316	SH		SOLE	0	18,220	0	88,096
ALLERGAN, INC	common	G0177J108	15,079	49,690	SH		SOLE	0	8,044	0	41,646
ALLIANZ AKTIENGESELLSCHAF ADR	common	018805101	1,505	96,046	SH		SOLE	0	80,464	0	15,582
ALTRIA GROUP INC COM	common	02209S103	36,882	754,073	SH		SOLE	0	194,086	0	559,987
AMBEV S.A.	common	02319V103	3,159	517,800	SH		SOLE	0	0	0	517,800
AMDOCS LTD	common	G02602103	17,192	314,923	SH		SOLE	0	53,539	0	261,384
AMERICA MOVIL S A DE C V	common	02364W105	3,235	151,800	SH		SOLE	0	0	0	151,800
AMERICAN INTL GROUP INC	common	026874784	34,028	550,436	SH		SOLE	0	120,530	0	429,906
AMERIPRISE FINANCIAL INC	common	03076C106	60,611	485,157	SH		SOLE	0	105,176	0	379,981
AMGEN INC	common	031162100	1,417	9,233	SH		SOLE	0	710	0	8,523
ANTHEM, INC	common	036752103	36,170	220,358	SH		SOLE	0	47,822	0	172,536
AON CORP.	common	G0408V102	16,612	166,658	SH		SOLE	0	28,507	0	138,151
APPLE COMPUTER INC	common	037833100	59,447	473,971	SH		SOLE	0	86,992	0	386,979
ASHLAND INC	common	044209104	318	2,606	SH		SOLE	0	2,606	0	0
ASTRAZENECA PLC-SPONS ADR	common	046353108	1,205	18,910	SH		SOLE	0	13,140	0	5,770
AT&T INC COM	common	00206R102	1,683	47,395	SH		SOLE	0	34,692	0	12,703
AUTOHOME INC	common	05278C107	7,333	145,087	SH		SOLE	0	24,952	0	120,135
AUTOZONE INC	common	053332102	11,231	16,840	SH		SOLE	0	1,040	0	15,800
AVAGO TECHNOLOGIES	common	Y0486S104	18,083	136,033	SH		SOLE	0	23,307	0	112,726
AVG TECHNOLOGIES N.V.	common	N07831105	16,409	603,042	SH		SOLE	0	103,483	0	499,559
AXA- SPONS ADR	common	054536107	16,949	671,247	SH		SOLE	0	157,683	0	513,564
BAIDU INC	common	056752108	3,026	15,200	SH		SOLE	0	0	0	15,200
BANCO SANTANDER CHILE NEW	common	05965X109	4,397	217,184	SH		SOLE	0	37,588	0	179,596
BANK NOVA SCOTIA HALIFAX	common	064149107	1,448	28,052	SH		SOLE	0	23,294	0	4,758
BARCLAYS ADR	common	06738E204	14,240	866,162	SH		SOLE	0	127,162	0	739,000
BAYER AG ADR	common	072730302	16,807	119,237	SH		SOLE	0	19,028	0	100,209
BLACKROCK INC	common	09247X101	60,771	175,650	SH		SOLE	0	40,768	0	134,882
BNP PARIBAS PA ADR	common	05565A202	4,793	157,347	SH		SOLE	0	27,201	0	130,146
BRITISH AMERN TOB PLC ADR	common	110448107	1,485	13,726	SH		SOLE	0	13,726	0	0
CA INC.	common	12673P105	2,106	71,889	SH		SOLE	0	59,146	0	12,743
CAMERON INTERNATIONAL CORP	common	13342B105	37,318	712,597	SH		SOLE	0	108,377	0	604,220
CANADIAN NATL RY CO	common	136375102	14,612	253,030	SH		SOLE	0	43,494	0	209,536
CANADIAN PACIFIC RAILWAY LTD	common	13645T100	2,740	17,100	SH		SOLE	0	0	0	17,100
CBS CORPORATION	common	124857202	36,710	661,450	SH		SOLE	0	136,897	0	524,553
CELGENE CORP	common	151020104	11,446	98,897	SH		SOLE	0	3,397	0	95,500
CENTERPOINT ENERGY	common	15189T107	241	12,667	SH		SOLE	0	0	0	12,667
CF INDUSTRIES	common	125269100	25,535	397,254	SH		SOLE	0	86,431	0	310,823
CHEVRON CORP NEW COM	common	166764100	12,847	133,172	SH		SOLE	0	42,769	0	90,403
CHICAGO BRIDGE & IRON CO. N.V.	common	167250109	15,962	318,978	SH		SOLE	0	54,781	0	264,197
CHINA MOBILE LIMITED	common	16941M109	1,724	26,901	SH		SOLE	0	22,551	0	4,350
CHINA PETE & CHEM CORP	common	16941R108	1,071	12,501	SH		SOLE	0	10,382	0	2,119
CIGNA CORP	common	125509109	14,226	87,813	SH		SOLE	0	2,713	0	85,100
CISCO SYS INC COM	common	17275R102	35,483	1,292,172	SH		SOLE	0	282,465	0	1,009,707
CITRIX SYS INC	common	177376100	12,527	178,547	SH		SOLE	0	6,147	0	172,400
COACH INC	common	189754104	1,615	46,674	SH		SOLE	0	39,139	0	7,535
COCA-COLA FEMSA S.A.B.	common	191241108	3,194	40,200	SH		SOLE	0	0	0	40,200
CONOCOPHILLIPS	common	20825C104	1,579	25,721	SH		SOLE	0	20,869	0	4,852
COPA HOLDINGS SA	common	P31076105	6,880	83,311	SH		SOLE	0	14,434	0	68,877
CORE LABORATORIES N V	common	N22717107	2,224	19,500	SH		SOLE	0	0	0	19,500
CORNING INC	common	219350105	9,981	505,868	SH		SOLE	0	15,668	0	490,200
CVS CAREMARK CORPORATION COM	common	126650100	57,869	551,765	SH		SOLE	0	116,162	0	435,603
DANAHER CORP DEL COM	common	235851102	296	3,460	SH		SOLE	0	3,460	0	0
DELPHI AUTOMOTIVE PLC	common	G27823106	81,798	961,317	SH		SOLE	0	189,692	0	771,625
DELTA AIRLINES	common	247361702	22,299	542,806	SH		SOLE	0	117,849	0	424,957
DIAGEO P L C ADR	common	25243Q205	1,272	10,963	SH		SOLE	0	0	0	10,963
DISCOVER FINANCIAL SERVICES	common	254709108	36,793	638,545	SH		SOLE	0	89,362	0	549,183
DOCTOR REDDY'S LAB-ADR	common	256135203	17,627	318,634	SH		SOLE	0	50,612	0	268,022
DOMINION RES INC VA NEW COM	common	25746U109	481	7,188	SH		SOLE	0	200	0	6,988
DUPONT ELNEMOURS	common	263534109	1,975	30,892	SH		SOLE	0	25,396	0	5,496
ELI LILLY & CO	common	532457108	2,313	27,703	SH		SOLE	0	26,703	0	1,000
ENERGY TRANSFER EQUITY LP	LTD Partner	29273V100	542	8,442	SH		SOLE	0	8,442	0	0
ENTERPRISE PRODUCTS PARTNERS	LTD Partner	293792107	209	7,000	SH		SOLE	0	7,000	0	0
EXPRESS SCRIPTS HOLDING COMPAN	common	30219G108	64,306	723,023	SH		SOLE	0	157,827	0	565,196
EXXON MOBIL	common	30231G102	1,053	12,662	SH		SOLE	0	6,674	0	5,988
F5 NETWORKS	common	315616102	44,549	370,166	SH		SOLE	0	62,334	0	307,832
FASTENAL CO	common	311900104	11,689	277,113	SH		SOLE	0	9,513	0	267,600
FINANCIAL SELECT SECTOR	common	81369Y605	488	20,000	SH		SOLE	0	0	0	20,000
FLEXTRONICS INTL LTD	common	Y2573F102	2,884	255,000	SH		SOLE	0	0	0	255,000
FOSSIL INC	common	34988V106	9,654	139,180	SH		SOLE	0	4,780	0	134,400
FRESENIUS MEDICAL CARE AG & CO	common	358029106	279	6,707	SH		SOLE	0	6,707	0	0
FUJIFILM HOLDINGS CORP	common	35958N107	9,189	257,266	SH		SOLE	0	44,030	0	213,236
GANNETT INC DEL	common	36473H104	11,469	819,789	SH		SOLE	0	176,830	0	642,959
GAP INC	common	364760108	10,177	266,619	SH		SOLE	0	9,119	0	257,500
GARMIN LTD***	common	H2906T109	8,343	189,912	SH		SOLE	0	50,999	0	138,913
GENERAL ELECTRIC CO	common	369604103	2,178	81,979	SH		SOLE	0	79,879	0	2,100
GENERAL MILLS	common	370334104	1,403	25,186	SH		SOLE	0	1,180	0	24,006
GILDAN ACTIVEWEAR INC	common	375916103	3,357	101,000	SH		SOLE	0	0	0	101,000
GILEAD SCIENCES INC	common	375558103	80,542	687,920	SH		SOLE	0	129,054	0	558,866
GLAXOSMITHKLINE PLC	common	37733W105	953	22,867	SH		SOLE	0	22,867	0	0
GOLDMAN SACHS GROUP INC COM	common	38141G104	54,752	262,234	SH		SOLE	0	56,431	0	205,803
GOOGLE INC CL A	common	38259P508	20,823	38,558	SH		SOLE	0	8,711	0	29,847
GRIFOLS, S.A. ADR	common	398438408	9,452	305,191	SH		SOLE	0	49,603	0	255,588
GRUPO FINANCIERO SANTANDER MEX	common	40053C105	10,107	1,104,575	SH		SOLE	0	186,392	0	918,183
HALLIBURTON CO	common	406216101	16,819	390,500	SH		SOLE	0	85,771	0	304,729
HCA HOLDINGS INC.	common	40412C101	10,714	118,096	SH		SOLE	0	3,096	0	115,000
HDFC BANK LTD	common	40415F101	17,493	288,989	SH		SOLE	0	40,073	0	248,916
HEWLETT PACKARD CO COM	common	428236103	41,188	1,372,467	SH		SOLE	0	298,987	0	1,073,480
HOLLYSYS AUTOMATION, LTD	common	G45667105	16,226	675,228	SH		SOLE	0	116,001	0	559,227
HOME DEPOT	common	437076102	81,829	736,337	SH		SOLE	0	139,497	0	596,840
HONEYWELL INTL INC COM	common	438516106	215	2,637	SH		SOLE	0	2,197	0	440
HSBC HLDGS PLC ADR	common	404280406	1,458	32,545	SH		SOLE	0	26,930	0	5,615
ICICI BK LTD ADR	common	45104G104	12,059	1,157,303	SH		SOLE	0	199,742	0	957,561
ICON PLC - AMERICAN DEPOSITARY	common	G4705A100	20,411	303,275	SH		SOLE	0	46,136	0	257,139
ILLINOIS TOOL WKS INC COM	common	452308109	47,056	512,644	SH		SOLE	0	111,096	0	401,548
INFOSYS TECHNOLOGIES LTD	common	456788108	2,859	180,400	SH		SOLE	0	0	0	180,400
ING GROUP N V	common	456837103	9,615	579,933	SH		SOLE	0	99,396	0	480,537
INTEL CORP	common	458140100	54,538	1,793,114	SH		SOLE	0	427,298	0	1,365,816
INVESCO PLC	common	G491BT108	54,667	1,458,160	SH		SOLE	0	277,406	0	1,180,754
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	4,059	19,590	SH		SOLE	0	19,590	0	0
ISHARES CORE TOTAL US BOND MAR	ETF	464287226	27,467	252,500	SH		SOLE	0	252,500	0	0
ISHARES INC S+P SMALL CAP 600/	ETF	464287887	668	5,100	SH		SOLE	0	5,100	0	0
ISHARES LEHMAN TREASURY BOND F	ETF	464287457	3,321	39,140	SH		SOLE	0	39,140	0	0
ISHARES S&P 500 BAR VALUE	ETF	464287408	9,846	106,780	SH		SOLE	0	106,780	0	0
ISHARES TR	ETF	464288612	1,642	14,848	SH		SOLE	0	14,848	0	0
ISHARES TR MSCI EAFE IDX	ETF	464287465	6,907	108,793	SH		SOLE	0	108,793	0	0
ISHARES TR S&P MIDCAP GROWTH	ETF	464287606	1,946	11,480	SH		SOLE	0	11,480	0	0
ISHARES TR S&P MIDCP VALUE	ETF	464287705	2,659	20,620	SH		SOLE	0	20,620	0	0
ISHARES TR S&P SMLCP VALUE	ETF	464287879	1,414	12,010	SH		SOLE	0	12,010	0	0
ISHARES TR S&P500/BAR GRW	ETF	464287309	15,200	133,500	SH		SOLE	0	133,500	0	0
ITAU UNIBANCO HOLDINGS SA	common	465562106	4,371	399,152	SH		SOLE	0	68,097	0	331,055
J P MORGAN CHASE & CO	common	46625H100	54,398	802,800	SH		SOLE	0	179,339	0	623,461
JAZZ PHARMACEUTICALS INC	common	G50871105	20,595	116,974	SH		SOLE	0	19,865	0	97,109
JOHNSON & JOHNSON COM	common	478160104	570	5,853	SH		SOLE	0	2,940	0	2,913
JULIUS BAER GROUP	common	48137C108	746	66,422	SH		SOLE	0	64,376	0	2,046
JUNIPER NETWORKS	common	48203R104	13,213	508,762	SH		SOLE	0	17,462	0	491,300
KENTUCKY BANCSHARES INC	common	491203105	264	8,400	SH		SOLE	0	8,400	0	0
KUBOTA CORPORATION ADR	common	501173207	17,386	218,460	SH		SOLE	0	30,002	0	188,458
LAZARD LTD	common	G54050102	23,571	419,121	SH		SOLE	0	61,621	0	357,500
LINCOLN NATIONAL CORP	common	534187109	46,888	791,768	SH		SOLE	0	171,703	0	620,065
LOWE'S CO.	common	548661107	10,246	152,993	SH		SOLE	0	4,693	0	148,300
LVMH Moet Hennessy	common	502441306	13,683	389,304	SH		SOLE	0	66,943	0	322,361
LYONDELLBASELL INDUSTRIES	common	N53745100	32,465	313,620	SH		SOLE	0	34,968	0	278,652
MACYS INC	common	55616P104	48,747	722,499	SH		SOLE	0	151,337	0	571,162
MAGNA INTERNATIONAL INC	common	559222401	22,872	407,773	SH		SOLE	0	59,660	0	348,113
MAKITA CORP ADR	common	560877300	13,849	253,971	SH		SOLE	0	42,952	0	211,019
MALLINCKRODT PLC	common	G5785G107	202	1,716	SH		SOLE	0	1,716	0	0
MARATHON OIL CORP COM	common	565849106	378	14,248	SH		SOLE	0	13,798	0	450
MARATHON PETROLEUM CORP	common	56585A102	35,558	679,743	SH		SOLE	0	150,391	0	529,352
MCDONALDS CORP	common	580135101	783	8,233	SH		SOLE	0	3,090	0	5,143
MCKESSON CORP COM	common	58155Q103	55,735	247,923	SH		SOLE	0	57,131	0	190,792
MERCK & CO INC	common	58933Y105	29,641	520,664	SH		SOLE	0	110,694	0	409,970
METHANEX CORP	common	59151K108	15,380	276,323	SH		SOLE	0	37,619	0	238,704
MICROSOFT CORP	common	594918104	651	14,748	SH		SOLE	0	8,815	0	5,933
MITSUBISHI UFJ FINL GROUP ADR	common	606822104	15,352	2,126,349	SH		SOLE	0	363,086	0	1,763,263
MITSUI & CO LTD ADR	common	606827202	9,236	33,987	SH		SOLE	0	5,855	0	28,132
MOBILE TELESYSTEMS OJSC	common	607409109	2,767	282,900	SH		SOLE	0	0	0	282,900
NATIONAL GRID TRANSCO PLC ADR	common	636274300	8,799	136,269	SH		SOLE	0	42,183	0	94,086
NAVIGATOR HOLDINGS LTD	common	Y62132108	14,731	777,782	SH		SOLE	0	134,084	0	643,698
NESTLE S A ADR	common	641069406	9,533	132,097	SH		SOLE	0	24,681	0	107,416
NETEASE INC. ADR	common	64110W102	21,502	148,423	SH		SOLE	0	20,711	0	127,712
NEW ORIENTAL EDUCATION ADR	common	647581107	9,918	404,492	SH		SOLE	0	69,121	0	335,371
NISSAN MOTORS	common	654744408	7,829	374,472	SH		SOLE	0	64,131	0	310,341
NOAH HOLDINGS LTD ADS	common	65487X102	10,602	350,740	SH		SOLE	0	60,413	0	290,327
NOBLE CORP	common	G65431101	2,939	191,000	SH		SOLE	0	0	0	191,000
NORTHROP GRUMMAN CORP	common	666807102	11,327	71,404	SH		SOLE	0	2,204	0	69,200
NOVARTIS A G SPONSORED ADR	common	66987V109	18,664	189,788	SH		SOLE	0	41,012	0	148,776
NOVO-NORDISK A S ADR	common	670100205	11,498	209,976	SH		SOLE	0	26,040	0	183,936
NVIDIA CORP	common	67066g104	26,195	1,302,607	SH		SOLE	0	285,769	0	1,016,838
NVR INC	common	62944T105	57,234	42,712	SH		SOLE	0	9,294	0	33,418
NXP SEMICONDUCTORS NV	common	N6596X109	22,172	225,778	SH		SOLE	0	33,302	0	192,476
O REILLY AUTOMOTIVE INC	common	67103H107	11,940	52,838	SH		SOLE	0	1,638	0	51,200
ON SEMICONDUCTOR CORP	common	682189105	31,050	2,656,094	SH		SOLE	0	579,937	0	2,076,157
ORANGE	common	684060106	12,139	790,318	SH		SOLE	0	139,612	0	650,706
ORIX CORP ADR	common	686330101	14,379	192,963	SH		SOLE	0	32,989	0	159,974
OSHKOSH CORPORATION	common	688239201	16,121	380,394	SH		SOLE	0	83,255	0	297,139
PENSKE AUTOMOTIVE GROUP	common	70959W103	29,519	566,475	SH		SOLE	0	120,588	0	445,887
PENTAIR INC	common	G7S00T104	3,493	50,800	SH		SOLE	0	0	0	50,800
PEPSICO INC COM	common	713448108	446	4,782	SH		SOLE	0	3,355	0	1,427
PETROCHINA CO LTD	common	71646E100	2,759	24,900	SH		SOLE	0	0	0	24,900
PFIZER INC	common	717081103	20,166	601,438	SH		SOLE	0	136,263	0	465,175
PHILIP MORRIS INTL INC COM	common	718172109	21,784	271,734	SH		SOLE	0	72,364	0	199,370
PHILLIPS 66	common	718546104	39,682	492,582	SH		SOLE	0	103,966	0	388,616
PLAINS ALL AMERICAN PIPELINE L	LTD Partner	726503105	412	9,460	SH		SOLE	0	9,200	0	260
POTASH CORP OF SASKATCHEWAN	common	73755l107	13,252	427,903	SH		SOLE	0	112,260	0	315,643
PROCTER & GAMBLE	common	742718109	740	9,455	SH		SOLE	0	6,495	0	2,960
PUBLIC SVC ENTERPRISE	common	744573106	19,450	495,163	SH		SOLE	0	109,067	0	386,096
QIHOO 360 TECHNOLOGY CO. LTD	common	74734M109	7,768	114,766	SH		SOLE	0	19,660	0	95,106
QUALCOMM INC	common	747525103	33,591	536,334	SH		SOLE	0	118,497	0	417,837
RADWARE LTD	common	M81873107	13,828	622,900	SH		SOLE	0	107,318	0	515,582
RIO TINTO PLC ADR	common	767204100	7,090	172,057	SH		SOLE	0	29,697	0	142,360
ROBERT HALF INTL	common	770323103	10,682	192,473	SH		SOLE	0	6,573	0	185,900
ROSS STORES INC COM	common	778296103	10,825	222,688	SH		SOLE	0	6,734	0	215,954
RYANAIR HOLDINGS PLC ADR	common	783513104	15,096	211,577	SH		SOLE	0	36,381	0	175,196
RYDER SYSTEM INC	common	783549108	26,437	302,591	SH		SOLE	0	65,332	0	237,259
SASOL LTD ADR	common	803866300	3,172	85,600	SH		SOLE	0	0	0	85,600
SCHLUMBERGER LTD	common	806857108	15,058	174,717	SH		SOLE	0	29,975	0	144,742
SEAGATE TECH***	common	G7945M107	34,358	723,325	SH		SOLE	0	111,212	0	612,113
SENSATA TECHNOLOGIES HOLDING N	common	N7902X106	18,734	355,204	SH		SOLE	0	60,879	0	294,325
SHAW COMMUNICATIONS	common	82028K200	1,397	64,083	SH		SOLE	0	53,266	0	10,817
SHIRE PLC (ADS)***	common	82481R106	16,614	68,798	SH		SOLE	0	11,736	0	57,062
SIEMENS A G ADR	common	826197501	9,127	89,907	SH		SOLE	0	14,229	0	75,678
SILICONWARE PRECISION IND. CO.	common	827084864	3,008	403,700	SH		SOLE	0	0	0	403,700
SKY PLC ADR	common	83084V106	15,600	238,191	SH		SOLE	0	38,572	0	199,619
SMITH & NEPHEW PLC ADR	common	83175M205	9,571	281,902	SH		SOLE	0	51,651	0	230,251
STANTEC, INC	common	85472N109	19,938	682,573	SH		SOLE	0	93,878	0	588,695
STATE STR CORP COM	common	857477103	34,327	445,807	SH		SOLE	0	97,624	0	348,183
STRYKER CORP	common	863667101	23,565	246,572	SH		SOLE	0	50,202	0	196,370
SUN LIFE FINANCIAL	common	866796105	1,695	50,745	SH		SOLE	0	39,528	0	11,217
SYNAPTICS INC	common	87157D109	30,460	351,185	SH		SOLE	0	76,251	0	274,934
TAIWAN SEMICONDUCTOR MFG CO AD	common	874039100	11,536	507,974	SH		SOLE	0	87,501	0	420,473
TE CONNECTIVITY LTD.	common	H84989104	47,262	735,029	SH		SOLE	0	161,145	0	573,884
TEGNA Inc	common	87901J105	52,590	1,639,861	SH		SOLE	0	353,944	0	1,285,917
TELSTRA	common	87969N204	3,214	136,300	SH		SOLE	0	0	0	136,300
TELUS CORP NV	common	87971M103	7,081	205,617	SH		SOLE	0	33,129	0	172,488
TESORO CORP	common	881609101	10,542	124,888	SH		SOLE	0	4,288	0	120,600
TOTAL SA	common	89151E109	1,232	25,061	SH		SOLE	0	20,527	0	4,534
TRACTOR SUPPLY	common	892356106	12,101	134,542	SH		SOLE	0	4,142	0	130,400
TRAVELERS COS INC	common	89417E109	10,234	105,875	SH		SOLE	0	3,275	0	102,600
TWENTY-FIRST CENTURY FOX	common	90130A101	9,258	284,471	SH		SOLE	0	9,471	0	275,000
TYCO INTL PLC	common	G91442106	11,153	289,841	SH		SOLE	0	8,130	0	281,711
UBS GROUP AG	common	H42097107	9,699	457,506	SH		SOLE	0	78,085	0	379,421
UNION PAC CORP COM	common	907818108	53,481	560,777	SH		SOLE	0	122,570	0	438,207
UNITED HEALTHCARE CORP	common	91324p102	70,454	577,489	SH		SOLE	0	122,231	0	455,258
UNITED RENTALS INC	common	911363109	47,079	537,309	SH		SOLE	0	113,665	0	423,644
UNITED TECHNOLOGIES CORP COM	common	913017109	40,550	365,552	SH		SOLE	0	79,732	0	285,820
VALEANT PHARMA INTL	common	91911K102	16,263	73,207	SH		SOLE	0	13,142	0	60,065
VANGUARD BD INDEX FD INC	common	921937827	1,215	15,150	SH		SOLE	0	15,150	0	0
VANGUARD INTERMEDIATE-TERM COR	common	92206C870	403	4,725	SH		SOLE	0	4,725	0	0
VERIZON COMMUNICATIONS	common	92343V104	10,720	229,993	SH		SOLE	0	59,441	0	170,552
VERMILION ENERGY INC	common	923725105	8,359	193,547	SH		SOLE	0	48,288	0	145,259
VOLKSWAGEN AG ADR	common	928662303	9,511	205,382	SH		SOLE	0	35,391	0	169,991
W.W. GRAINGER INC.	common	384802104	8,329	35,194	SH		SOLE	0	1,194	0	34,000
WELLS FARGO & CO	common	949746101	47,861	851,019	SH		SOLE	0	185,964	0	665,055
WESTPAC BKG CORP	common	961214301	1,478	59,722	SH		SOLE	0	49,593	0	10,129
WHIRLPOOL CORP	common	963320106	10,239	59,172	SH		SOLE	0	13,346	0	45,826
WNS HOLDINGS LTD	common	92932M101	9,798	366,277	SH		SOLE	0	62,939	0	303,338
WPP PLC ADR	common	92937A102	11,834	104,986	SH		SOLE	0	17,893	0	87,093
YANDEX N.V.	common	N97284108	2,641	173,500	SH		SOLE	0	0	0	173,500
YPF S.A.	common	984245100	11,589	422,496	SH		SOLE	0	73,115	0	349,381