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	Com	88579Y101	567	3,174	SH		SOLE	0	300	0	2,874
ABBVIE	Com	00287Y109	877	14,002	SH		SOLE	0	13,312	0	690
ACTELION LTD	Com	00507G102	4,170	76,582	SH		SOLE	0	6,282	0	70,300
AERCAP HOLDINGS NV	Com	N00985106	18,192	437,205	SH		SOLE	0	146,205	0	291,000
ALLERGAN, INC	Com	G0177J108	7,466	35,550	SH		SOLE	0	11,550	0	24,000
ALLIANZ AKTIENGESELLSCHAF ADR	Com	018805101	1,290	78,305	SH		SOLE	0	64,106	0	14,199
ALPHABET INC	Com	02079K305	31,196	39,366	SH		SOLE	0	7,009	0	32,357
ALTRIA GROUP INC COM	Com	02209S103	32,752	484,349	SH		SOLE	0	99,906	0	384,443
AMDOCS LTD	Com	G02602103	17,779	305,221	SH		SOLE	0	102,121	0	203,100
AMERICAN AIRLINES GROUP	Com	02376R102	17,582	376,579	SH		SOLE	0	13,779	0	362,800
AMERICAN INTL GROUP INC	Com	026874784	33,937	519,631	SH		SOLE	0	91,801	0	427,830
AMERIPRISE FINANCIAL INC	Com	03076C106	34,855	314,182	SH		SOLE	0	56,136	0	258,046
AMGEN INC	Com	031162100	27,129	185,545	SH		SOLE	0	31,742	0	153,803
ANTHEM, INC	Com	036752103	23,543	163,748	SH		SOLE	0	29,008	0	134,740
AON CORP.	Com	G0408V102	58,664	525,994	SH		SOLE	0	122,322	0	403,672
APPLE COMPUTER INC	Com	037833100	28,289	244,247	SH		SOLE	0	43,479	0	200,768
APPLIED MATERIALS	Com	038222105	14,758	457,325	SH		SOLE	0	16,725	0	440,600
ASHLAND GLOBAL HOLDINGS INC	Com	044209104	285	2,606	SH		SOLE	0	2,606	0	0
ASTELLAS PHARMA INC	Com	04623U102	11,326	817,110	SH		SOLE	0	267,110	0	550,000
ASTRAZENECA PLC-SPONS ADR	Com	046353108	6,869	251,444	SH		SOLE	0	96,444	0	155,000
AT&T INC COM	Com	00206R102	10,140	238,426	SH		SOLE	0	61,782	0	176,644
AUTONATION INC DEL	Com	05329w102	260	5,340	SH		SOLE	0	5,340	0	0
AUTOZONE INC	Com	053332102	472	598	SH		SOLE	0	598	0	0
AXA- SPONS ADR	Com	054536107	14,820	588,088	SH		SOLE	0	223,049	0	365,039
BAIDU INC	Com	056752108	5,142	31,275	SH		SOLE	0	10,475	0	20,800
BANCO SANTANDER CHILE NEW	Com	05965X109	16,026	732,785	SH		SOLE	0	246,385	0	486,400
BANCO SANTANDER SA ADS	Com	05964H105	7,894	1,524,015	SH		SOLE	0	511,015	0	1,013,000
BANK NOVA SCOTIA HALIFAX	Com	064149107	19,352	347,571	SH		SOLE	0	127,459	0	220,112
BANK OF MONTREAL	Com	063671101	25,256	351,169	SH		SOLE	0	117,169	0	234,000
BEST BUY INC COM	Com	086516101	15,438	361,798	SH		SOLE	0	13,828	0	347,970
BIOGEN IDEC INC	Com	09062x103	586	2,068	SH		SOLE	0	0	0	2,068
BLACKROCK INC	Com	09247X101	27,226	71,544	SH		SOLE	0	13,181	0	58,363
BNP PARIBAS PA ADR	Com	05565A202	17,352	544,801	SH		SOLE	0	180,801	0	364,000
BRIDGESTONE CORPORATION	Com	108441205	2,698	149,460	SH		SOLE	0	0	0	149,460
BRITISH AMERN TOB PLC ADR	Com	110448107	15,535	137,881	SH		SOLE	0	29,881	0	108,000
BROADCOM LTD	Com	Y09827109	41,317	233,735	SH		SOLE	0	48,595	0	185,140
CA INC.	Com	12673P105	1,969	61,989	SH		SOLE	0	50,377	0	11,612
CANADIAN NATL RY CO	Com	136375102	18,589	275,796	SH		SOLE	0	93,496	0	182,300
CARNIVAL CORP-CL A	Com	143658300	34,146	655,900	SH		SOLE	0	117,711	0	538,189
CARNIVAL PLC	Com	14365C103	19,413	379,229	SH		SOLE	0	103,749	0	275,480
CBS CORPORATION	Com	124857202	31,085	488,609	SH		SOLE	0	44,735	0	443,874
CEMEX	Com	151290889	7,407	922,379	SH		SOLE	0	308,379	0	614,000
CENTERPOINT ENERGY	Com	15189T107	280	11,368	SH		SOLE	0	0	0	11,368
CHECK POINT SOFTWARE TECH	Com	M22465104	11,434	135,371	SH		SOLE	0	45,871	0	89,500
CHEVRON CORP NEW COM	Com	166764100	1,724	14,646	SH		SOLE	0	10,439	0	4,207
CHINA MOBILE LIMITED	Com	16941M109	1,141	21,764	SH		SOLE	0	17,800	0	3,964
CHINA OVERSEAS LAND & INVESTME	Com	169403201	6,604	83,508	SH		SOLE	0	28,508	0	55,000
CHINA PETE & CHEM CORP	Com	16941R108	979	13,787	SH		SOLE	0	11,307	0	2,480
CISCO SYS INC COM	Com	17275R102	48,166	1,593,859	SH		SOLE	0	313,171	0	1,280,688
CITIZENS FINANCIAL GROUP INC	Com	174610105	51,419	1,443,132	SH		SOLE	0	255,455	0	1,187,677
COACH INC	Com	189754104	1,600	45,670	SH		SOLE	0	38,311	0	7,359
CONTROLADORA VUELA COMPANIA	Com	21240E105	11,572	769,358	SH		SOLE	0	256,358	0	513,000
CREDICORP	Com	G2519Y108	2,005	12,700	SH		SOLE	0	0	0	12,700
CRH PLC ADR	Com	12626K203	15,663	455,577	SH		SOLE	0	153,577	0	302,000
CTRIP.COM INTL LTD ADS	Com	22943F100	7,090	177,231	SH		SOLE	0	59,231	0	118,000
CVS CAREMARK CORPORATION COM	Com	126650100	18,514	234,626	SH		SOLE	0	41,716	0	192,910
DBS GROUP HOLDINGS LTD	Com	23304Y100	8,561	179,294	SH		SOLE	0	60,294	0	119,000
DELPHI AUTOMOTIVE PLC	Com	G27823106	46,505	690,506	SH		SOLE	0	165,438	0	525,068
DELTA AIRLINES	Com	247361702	26,109	530,781	SH		SOLE	0	93,996	0	436,785
DIAGEO P L C ADR	Com	25243Q205	1,010	9,717	SH		SOLE	0	92	0	9,625
DISCOVER FINANCIAL SERVICES	Com	254709108	39,943	554,062	SH		SOLE	0	98,462	0	455,600
DISCOVERY COMMUNICATIONS INC.	Com	25470F302	14,035	524,067	SH		SOLE	0	19,167	0	504,900
DOMINION RES INC VA NEW COM	Com	25746U109	519	6,778	SH		SOLE	0	200	0	6,578
DOW CHEMICAL CO	Com	260543103	18,628	325,550	SH		SOLE	0	79,212	0	246,338
EATON CORP PLC	Com	G29183103	2,029	30,247	SH		SOLE	0	25,509	0	4,738
EMERSON ELEC CO COM	Com	291011104	1,487	26,682	SH		SOLE	0	19,090	0	7,592
ENERGY TRANSFER EQUITY LP	Ltd Partn	29273V100	326	16,884	SH		SOLE	0	16,884	0	0
EXXON MOBIL	Com	30231G102	1,024	11,342	SH		SOLE	0	6,674	0	4,668
F5 NETWORKS	Com	315616102	63,073	435,828	SH		SOLE	0	61,104	0	374,724
FACEBOOK INC.	Com	30303M102	12,372	107,535	SH		SOLE	0	3,935	0	103,600
FEDEX CORP	Com	31428X106	8,640	46,397	SH		SOLE	0	8,111	0	38,286
FOOT LOCKER INC	Com	344849104	30,729	433,482	SH		SOLE	0	77,140	0	356,342
FRESENIUS MEDICAL CARE AG & CO	Com	358029106	313	7,415	SH		SOLE	0	7,415	0	0
FUJIFILM HOLDINGS CORP	Com	35958N107	20,218	534,134	SH		SOLE	0	179,134	0	355,000
GARMIN LTD	Com	H2906T109	1,292	26,651	SH		SOLE	0	21,305	0	5,346
GENERAL ELECTRIC CO	Com	369604103	2,183	69,107	SH		SOLE	0	67,007	0	2,100
GENERAL MILLS	Com	370334104	1,995	32,305	SH		SOLE	0	6,013	0	26,292
GILEAD SCIENCES INC	Com	375558103	12,552	175,287	SH		SOLE	0	6,887	0	168,400
GLAXOSMITHKLINE PLC	Com	37733W105	813	21,112	SH		SOLE	0	21,112	0	0
GOLDMAN SACHS GROUP INC COM	Com	38141G104	38,472	160,668	SH		SOLE	0	28,438	0	132,230
GRIFOLS, S.A. ADR	Com	398438408	15,530	966,401	SH		SOLE	0	315,801	0	650,600
GRUPO FINANCIERO SANTANDER MEX	Com	40053C105	12,586	1,750,585	SH		SOLE	0	584,385	0	1,166,200
H & R BLOCK INC	Com	093671105	13,693	595,587	SH		SOLE	0	21,787	0	573,800
HCA HOLDINGS INC.	Com	40412C101	29,038	392,292	SH		SOLE	0	70,825	0	321,467
HDFC BANK LTD	Com	40415F101	17,428	287,204	SH		SOLE	0	97,204	0	190,000
HEWLETT PACKARD ENTERPRISE CO	Com	42824C109	14,069	608,013	SH		SOLE	0	21,858	0	586,155
HOLLYSYS AUTOMATION, LTD	Com	G45667105	11,987	654,268	SH		SOLE	0	219,668	0	434,600
HOME DEPOT	Com	437076102	57,088	425,775	SH		SOLE	0	60,651	0	365,124
HP INC	Com	40434L105	13,199	889,432	SH		SOLE	0	31,777	0	857,655
HSBC HLDGS PLC ADR	Com	404280406	1,097	27,294	SH		SOLE	0	22,177	0	5,117
ICON PLC - AMERICAN DEPOSITARY	Com	G4705A100	21,938	291,720	SH		SOLE	0	96,820	0	194,900
IHS MARKIT LTD	Com	G47567105	12,917	364,767	SH		SOLE	0	122,767	0	242,000
ILLINOIS TOOL WKS INC COM	Com	452308109	42,076	343,586	SH		SOLE	0	60,203	0	283,383
INFINEON TECHNOLOGIES	Com	45662N103	2,792	161,570	SH		SOLE	0	0	0	161,570
INFOSYS TECHNOLOGIES LTD	Com	456788108	2,652	178,820	SH		SOLE	0	0	0	178,820
ING GROUP N V	Com	456837103	18,776	1,331,601	SH		SOLE	0	447,601	0	884,000
INTEL CORP	Com	458140100	47,154	1,300,074	SH		SOLE	0	264,288	0	1,035,786
INTUIT	Com	461202103	14,370	125,383	SH		SOLE	0	4,583	0	120,800
INVESCO PLC	Com	G491BT108	29,333	966,799	SH		SOLE	0	233,307	0	733,492
IPG PHOTONICS	Com	44980X109	17,861	180,946	SH		SOLE	0	32,137	0	148,809
ISHARES BARCLAYS TIPS BOND FUN	ETF	464287176	396	3,496	SH		SOLE	0	3,496	0	0
ISHARES TR	ETF	464288612	1,556	14,169	SH		SOLE	0	14,169	0	0
J P MORGAN CHASE & CO	Com	46625H100	55,006	637,454	SH		SOLE	0	116,648	0	520,806
JOHNSON & JOHNSON COM	Com	478160104	729	6,328	SH		SOLE	0	3,415	0	2,913
JOHNSON CONTROLS INTERNATIONAL	Com	G51502105	926	22,484	SH		SOLE	0	0	0	22,484
JULIUS BAER GROUP	Com	48137C108	329	37,130	SH		SOLE	0	37,130	0	0
Kao Corp Todd	Com	485537302	2,436	51,420	SH		SOLE	0	0	0	51,420
KDDI CORP ADR	Com	48667L106	2,420	191,290	SH		SOLE	0	0	0	191,290
KENTUCKY BANCSHARES INC	Com	491203105	273	8,400	SH		SOLE	0	8,400	0	0
KONINKLIJKE	Com	500467501	2,637	125,630	SH		SOLE	0	0	0	125,630
KROGER CO	Com	501044101	16,011	463,961	SH		SOLE	0	16,361	0	447,600
KUBOTA CORPORATION ADR	Com	501173207	15,729	221,217	SH		SOLE	0	72,117	0	149,100
L3 TECHNOLOGIES INC	Com	502413107	13,645	89,708	SH		SOLE	0	1,608	0	88,100
LAZARD LTD	Com	G54050102	12,978	315,852	SH		SOLE	0	100,752	0	215,100
LINCOLN NATIONAL CORP	Com	534187109	31,387	473,616	SH		SOLE	0	83,734	0	389,882
LVMH Moet Hennessy	Com	502441306	13,522	355,867	SH		SOLE	0	120,867	0	235,000
LYONDELLBASELL INDUSTRIES	Com	N53745100	32,216	375,570	SH		SOLE	0	64,700	0	310,870
MAGNA INTERNATIONAL INC	Com	559222401	15,473	356,527	SH		SOLE	0	96,677	0	259,850
MAKITA CORP ADR	Com	560877300	16,440	245,697	SH		SOLE	0	81,597	0	164,100
MARATHON PETROLEUM CORP	Com	56585A102	21,968	436,309	SH		SOLE	0	79,853	0	356,456
MATTEL INC	Com	577081102	12,545	455,351	SH		SOLE	0	16,651	0	438,700
MCDONALDS CORP	Com	580135101	1,026	8,431	SH		SOLE	0	3,527	0	4,904
MICHAEL KORS HOLDINGS LTD	Com	G60754101	19,474	453,081	SH		SOLE	0	64,181	0	388,900
MICROSOFT CORP	Com	594918104	893	14,363	SH		SOLE	0	8,430	0	5,933
MITSUBISHI UFJ FINL GROUP ADR	Com	606822104	11,948	1,939,634	SH		SOLE	0	652,334	0	1,287,300
MOBILE TELESYSTEMS OJSC	Com	607409109	15,616	1,714,213	SH		SOLE	0	580,213	0	1,134,000
NATIONAL GRID TRANSCO PLC ADR	Com	636274300	1,417	24,280	SH		SOLE	0	19,363	0	4,917
NAVIENT CORPORATION	Com	63938C108	15,655	952,839	SH		SOLE	0	34,849	0	917,990
NETEASE INC. ADR	Com	64110W102	15,865	73,673	SH		SOLE	0	24,873	0	48,800
NEW ORIENTAL EDUCATION ADR	Com	647581107	18,029	428,253	SH		SOLE	0	143,253	0	285,000
NIPPON TELEG & TEL CORP	Com	654624105	19,268	457,984	SH		SOLE	0	129,434	0	328,550
NISSAN MOTORS	Com	654744408	13,812	690,567	SH		SOLE	0	182,677	0	507,890
NOAH HOLDINGS LTD ADS	Com	65487X102	4,683	213,520	SH		SOLE	0	71,520	0	142,000
NOVO-NORDISK A S ADR	Com	670100205	2,545	70,980	SH		SOLE	0	0	0	70,980
NTT DOCOMO, IN	Com	62942M201	2,829	124,355	SH		SOLE	0	8,695	0	115,660
NUANCE COMMUNICATIONS	Com	67020Y100	16,655	1,117,810	SH		SOLE	0	196,236	0	921,574
NVIDIA CORP	Com	67066g104	35,034	328,226	SH		SOLE	0	57,802	0	270,424
NVR INC	Com	62944T105	42,032	25,184	SH		SOLE	0	4,490	0	20,694
NXP SEMICONDUCTORS NV	Com	N6596X109	23,074	235,421	SH		SOLE	0	79,421	0	156,000
OMEGA HEALTHCARE INVS	Com	681936100	14,045	449,277	SH		SOLE	0	79,323	0	369,954
ON SEMICONDUCTOR CORP	Com	682189105	41,787	3,274,863	SH		SOLE	0	579,186	0	2,695,677
ORANGE	Com	684060106	8,354	551,818	SH		SOLE	0	190,818	0	361,000
ORIX CORP ADR	Com	686330101	21,933	281,812	SH		SOLE	0	94,012	0	187,800
OSHKOSH CORPORATION	Com	688239201	21,912	339,138	SH		SOLE	0	61,184	0	277,954
P T TELEKOMUNIKASI INDONE	Com	715684106	2,533	86,880	SH		SOLE	0	0	0	86,880
PACWEST BANCORP	Com	695263103	1,439	26,437	SH		SOLE	0	21,442	0	4,995
PANDORA A/S ADR	Com	698341104	3,038	93,360	SH		SOLE	0	0	0	93,360
PFIZER INC	Com	717081103	18,033	555,203	SH		SOLE	0	100,392	0	454,811
PHILIP MORRIS INTL INC COM	Com	718172109	19,168	209,512	SH		SOLE	0	48,264	0	161,248
PHILLIPS 66	Com	718546104	32,210	372,750	SH		SOLE	0	63,499	0	309,251
PJSC LUKOIL CO ADR	Com	69343P105	3,258	58,050	SH		SOLE	0	0	0	58,050
PLAINS ALL AMERICAN PIPELINE L	Ltd Partn	726503105	305	9,460	SH		SOLE	0	9,200	0	260
PRICELINE INC	Com	741503403	36,252	24,727	SH		SOLE	0	4,406	0	20,321
PROCTER & GAMBLE	Com	742718109	1,274	15,151	SH		SOLE	0	9,662	0	5,489
PUBLIC SVC ENTERPRISE	Com	744573106	16,742	381,542	SH		SOLE	0	68,269	0	313,273
QORVO, INC	Com	74736K101	13,043	247,347	SH		SOLE	0	9,047	0	238,300
QUALCOMM INC	Com	747525103	34,121	523,319	SH		SOLE	0	73,378	0	449,941
QUINTILES TRANSNATIONAL HLDG	Com	74876Y101	8,221	108,093	SH		SOLE	0	19,126	0	88,967
REPSOL S.A.	Com	76026T205	21,140	1,499,205	SH		SOLE	0	504,205	0	995,000
ROBERT HALF INTL	Com	770323103	17,767	364,219	SH		SOLE	0	13,319	0	350,900
ROCHE HLDG LTD	Com	771195104	2,703	94,740	SH		SOLE	0	0	0	94,740
ROSS STORES INC COM	Com	778296103	14,281	217,697	SH		SOLE	0	7,553	0	210,144
RYANAIR HOLDINGS PLC ADR	Com	783513203	24,329	292,205	SH		SOLE	0	85,080	0	207,125
SBERBANK OF RUSSIA	Com	80585Y308	3,440	297,030	SH		SOLE	0	0	0	297,030
SENSATA TECHNOLOGIES HOLDING N	Com	N7902X106	10,320	264,952	SH		SOLE	0	88,952	0	176,000
SHAW COMMUNICATIONS	Com	82028K200	1,041	51,912	SH		SOLE	0	42,055	0	9,857
SHIRE PLC (ADS)	Com	82481R106	20,239	118,783	SH		SOLE	0	38,683	0	80,100
SIEMENS A G ADR	Com	826197501	8,505	69,465	SH		SOLE	0	22,770	0	46,695
SMITH & NEPHEW PLC ADR	Com	83175M205	11,158	370,923	SH		SOLE	0	124,923	0	246,000
SOUTHWEST AIRLINES	Com	844741108	26,600	533,702	SH		SOLE	0	94,510	0	439,192
STANTEC, INC	Com	85472N109	13,865	549,109	SH		SOLE	0	184,709	0	364,400
STARBUCKS	Com	855244109	14,140	254,684	SH		SOLE	0	9,314	0	245,370
STATE STR CORP COM	Com	857477103	26,703	343,578	SH		SOLE	0	61,269	0	282,309
STRYKER CORP	Com	863667101	22,708	189,529	SH		SOLE	0	30,103	0	159,426
SUN LIFE FINANCIAL	Com	866796105	24,815	646,055	SH		SOLE	0	236,025	0	410,030
SUNTRUST BANKS INC	Com	867914103	28,870	526,349	SH		SOLE	0	93,163	0	433,186
SUZUKI MOTOR CROP UNSP	Com	86959X107	2,943	20,690	SH		SOLE	0	0	0	20,690
TAIWAN SEMICONDUCTOR MFG CO AD	Com	874039100	24,327	846,157	SH		SOLE	0	252,117	0	594,040
TATA MOTORS LTD ADR	Com	876568502	8,742	254,177	SH		SOLE	0	85,177	0	169,000
TE CONNECTIVITY LTD.	Com	H84989104	52,990	764,863	SH		SOLE	0	98,213	0	666,650
TELEFONICA BRASIL S.A.	Com	87936R106	2,776	207,440	SH		SOLE	0	0	0	207,440
TELUS CORP NV	Com	87971M103	12,313	386,573	SH		SOLE	0	126,273	0	260,300
TIME WARNER INC	Com	887317303	15,262	158,112	SH		SOLE	0	26,656	0	131,456
TJX COMPANIES	Com	872540109	13,831	184,090	SH		SOLE	0	6,490	0	177,600
TOTAL SA	Com	89151E109	56,268	1,111,788	SH		SOLE	0	278,918	0	832,870
TRACTOR SUPPLY	Com	892356106	15,517	204,684	SH		SOLE	0	7,484	0	197,200
TWENTY-FIRST CENTURY FOX	Com	90130A101	15,639	557,737	SH		SOLE	0	9,237	0	548,500
ULTA SALON COSMETICS & FRAGR	Com	90384S303	14,746	57,842	SH		SOLE	0	2,042	0	55,800
UNILEVER NV	Com	904784709	4,145	100,952	SH		SOLE	0	100,113	0	839
UNION PAC CORP COM	Com	907818108	21,497	207,340	SH		SOLE	0	37,359	0	169,981
UNITED HEALTHCARE CORP	Com	91324p102	61,464	384,049	SH		SOLE	0	71,596	0	312,453
UNITED RENTALS INC	Com	911363109	35,403	335,323	SH		SOLE	0	59,368	0	275,955
UNITED TECHNOLOGIES CORP COM	Com	913017109	36,415	332,189	SH		SOLE	0	61,610	0	270,579
VANGUARD BD INDEX FD INC	Short Term Bond	921937827	1,074	13,523	SH		SOLE	0	13,523	0	0
VANGUARD INTERMEDIATE-TERM COR	Int Term Corp	92206C870	1,649	19,242	SH		SOLE	0	19,242	0	0
VEOLIA ENVIRONMENT	Com	92334N103	7,587	447,516	SH		SOLE	0	149,416	0	298,100
VERIZON COMMUNICATIONS	Com	92343V104	17,608	329,868	SH		SOLE	0	67,889	0	261,979
VERMILION ENERGY INC	Com	923725105	21,629	512,901	SH		SOLE	0	187,367	0	325,534
VIPSHOP HOLDINGS LTD ADS	Com	92763W103	12,696	1,153,143	SH		SOLE	0	384,143	0	769,000
VODACOM GROUP LTD	Com	92858D200	3,026	273,360	SH		SOLE	0	0	0	273,360
WALMART DE MEXICO SAB	Com	93114W107	2,314	129,510	SH		SOLE	0	0	0	129,510
WESTPAC BKG CORP	Com	961214301	20,342	866,352	SH		SOLE	0	317,701	0	548,651
WHIRLPOOL CORP	Com	963320106	40,173	221,013	SH		SOLE	0	39,433	0	181,580
WNS HOLDINGS LTD	Com	92932M101	11,132	404,095	SH		SOLE	0	136,095	0	268,000
WPP PLC ADR	Com	92937A102	13,516	122,141	SH		SOLE	0	41,141	0	81,000
WYNDHAM WORLDWIDE CORP	Com	98310W108	20,739	271,562	SH		SOLE	0	48,709	0	222,853
YANDEX N.V.	Com	N97284108	15,407	765,415	SH		SOLE	0	257,415	0	508,000