Meag Munich Ergo Kapitalanlagegesellschaft MBH 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
SEADRILL LTD	SHS	G7945E105	173	50,000	SH		SOLE		50,000	0	0
AGNICO EAGLE MINES LTD	COM	008474108	1,202	45,900	SH		SOLE		45,900	0	0
AGRIUM INC	COM	008916108	2,925	32,500	SH		SOLE		32,500	0	0
BCE INC	COM NEW	05534B760	7,299	187,000	SH		SOLE		187,000	0	0
BANK OF MONTREAL	COM	063671101	9,142	161,000	SH		SOLE		161,000	0	0
BANK OF NOVA SCOTIA	COM	064149107	11,107	268,000	SH		SOLE		268,000	0	0
BARRICK GOLD CORP	COM	067901108	1,321	180,000	SH		SOLE		180,000	0	0
BLACKBERRY LTD	COM	09228F103	928	99,500	SH		SOLE		99,500	0	0
BROOKFIELD ASSET MANAGE	CL A LTD VT SH	112585104	6,488	202,500	SH		SOLE		202,500	0	0
CAMECO CORP.	COM	13321L108	1,157	95,000	SH		SOLE		95,000	0	0
CAN IMPERIAL BK OF COMMERCE	COM	136069101	5,318	80,000	SH		SOLE		80,000	0	0
CANADIAN NATL RAILWAY CO	COM	136375102	11,644	205,900	SH		SOLE		205,900	0	0
CANADIAN NATURAL RESOURCES	COM	136385101	5,216	239,000	SH		SOLE		239,000	0	0
CANADIAN PACIFIC RAILWAY LTD	COM	13645T100	3,113	24,500	SH		SOLE		24,500	0	0
CENOVUS ENERGY INC	COM	15135U109	2,551	204,000	SH		SOLE		204,000	0	0
CRESCENT POINT ENERGY	COM	22576C101	1,093	95,500	SH		SOLE		95,500	0	0
ELDORADO GOLD CORP.	COM	284902103	447	150,000	SH		SOLE		150,000	0	0
ENBRIDGE INC	COM	29250N105	6,188	189,000	SH		SOLE		189,000	0	0
FRANCO NEVADA CORP	COM	351858105	1,506	33,000	SH		SOLE		33,000	0	0
GILDAN ACTIVEWEAR INC	COM	375916103	3,325	116,000	SH		SOLE		116,000	0	0
GOLDCORP INC	COM	380956409	2,179	190,000	SH		SOLE		190,000	0	0
CGI GROUP INC	CL A SUB VTG	39945C109	2,638	65,000	SH		SOLE		65,000	0	0
IMPERIAL OIL LTD	COM NEW	453038408	1,807	56,000	SH		SOLE		56,000	0	0
KINROSS GOLD CORP	COM NO PAR	496902404	442	240,000	SH		SOLE		240,000	0	0
MAGNA INTERNATIONAL INC	COM	559222401	4,693	113,500	SH		SOLE		113,500	0	0
MANULIFE FINANCIAL CORP.	COM	56501R106	1,128	74,000	SH		SOLE		74,000	0	0
PEMBINA PIPELINE CORP	COM	706327103	883	41,000	SH		SOLE		41,000	0	0
POTASH CORP OF SASKATCHEWAN	COM	73755L107	1,956	113,000	SH		SOLE		113,000	0	0
RESTAURANT BRANDS INTL INC	COM	76131D103	1,777	48,000	SH		SOLE		48,000	0	0
ROGERS COMMUNICATIONS INC	CL B	775109200	2,886	83,000	SH		SOLE		83,000	0	0
ROYAL BANK OF CANADA	COM	780087102	18,712	344,500	SH		SOLE		344,500	0	0
SHAW COMMUNICATIONS INC	CL B CONV	82028K200	1,559	90,000	SH		SOLE		90,000	0	0
SILVER WHEATON CORP	COM	828336107	1,179	96,000	SH		SOLE		96,000	0	0
SUN LIFE FINANCIAL INC.	COM	866796105	728	23,000	SH		SOLE		23,000	0	0
SUNCOR ENERGY INC	COM	867224107	9,863	384,000	SH		SOLE		384,000	0	0
TECK RESOURCES LTD	CL B	878742204	54	14,000	SH		SOLE		14,000	0	0
TELUS CORP	COM	87971M103	2,828	101,000	SH		SOLE		101,000	0	0
THOMSON REUTERS CORP	COM	884903105	2,996	78,000	SH		SOLE		78,000	0	0
TORONTO-DOMINION BANK	COM NEW	891160509	18,226	461,200	SH		SOLE		461,200	0	0
TRANSCANADA CORP	COM	89353D107	4,062	125,000	SH		SOLE		125,000	0	0
VALEANT PHARMACEUTICALS INTE	COM	91911K102	7,692	74,000	SH		SOLE		74,000	0	0
YAMANA GOLD INC	COM	98462Y100	339	180,000	SH		SOLE		180,000	0	0
LOGITECH INTL S A	SHS	H50430232	241	16,000	SH		SOLE		16,000	0	0
TRANSOCEAN LTD	REG SHS	H8817H100	5,354	437,752	SH		SOLE		437,752	0	0
TE CONNECTIVITY LTD	REG SHS	H84989104	3,733	56,851	SH		SOLE		56,851	0	0
UBS AG	SHS NEW	H42097107	26,105	1,323,069	SH		SOLE		1,323,069	0	0
DEUTSCHE BANK AG-REGISTERED	NAMEN AKT	D18190898	151,627	6,150,306	SH		SOLE		6,150,306	0	0
ENSCO PLC CL. A DL -,10	SHS CLASS A	G3157S106	6,584	436,297	SH		SOLE		436,297	0	0
INGERSOLL-RAND PLC	SHS	G47791101	274	4,900	SH		SOLE		4,900	0	0
PERRIGO CO PLC	SHS	G97822103	5,890	40,425	SH		SOLE		40,425	0	0
MEDTRONIC PLC	SHS	G5960L103	3,602	46,188	SH		SOLE		46,188	0	0
ROYAL CARIBBEAN CRUISES LTD	COM	V7780T103	7,768	75,506	SH		SOLE		75,506	0	0
QIAGEN N.V.	REG SHS	N72482107	6,361	231,600	SH		SOLE		231,600	0	0
CNH INDUSTRIAL NV	SHS	N20944109	1,503	218,054	SH		SOLE		218,054	0	0
FIAT CHRYSLER AUTOMOBILES	SHS	N31738102	6,985	495,414	SH		SOLE		495,414	0	0
MYLAN N.V. EO -,01	SHS EURO	N59465109	15,005	272,617	SH		SOLE		272,617	0	0
THE ADT CORPORATION	COM	00101J106	6,268	183,701	SH		SOLE		183,701	0	0
AT&T INC	COM	00206R102	40,079	1,151,688	SH		SOLE		1,151,688	0	0
AU OPTRONICS CORP. ADR/10	SPONSORED ADR	002255107	116	40,000	SH		SOLE		40,000	0	0
ABBOTT LABORATORIES	COM	002824100	621	13,600	SH		SOLE		13,600	0	0
ABBVIE INC	COM	00287Y109	1,138	19,000	SH		SOLE		19,000	0	0
AGILENT TECHNOLOGIES INC	COM	00846U101	105	2,500	SH		SOLE		2,500	0	0
AIR PROD. CHEM. DL 1	COM	009158106	331	2,500	SH		SOLE		2,500	0	0
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	3,245	39,500	SH		SOLE		39,500	0	0
ALPHABET INC	CAP STK CL C	02079K107	12,128	15,623	SH		SOLE		15,623	0	0
ALPHABET INC	CAP STK CL A	02079K305	17,169	21,576	SH		SOLE		21,576	0	0
ALTRIA GROUP INC	COM	02209S103	19,342	328,331	SH		SOLE		328,331	0	0
AMAZON.COM INC. DL-,01	COM	023135106	12,942	18,646	SH		SOLE		18,646	0	0
AMBEV SA	SPONSORED ADR	02319V103	1,247	275,000	SH		SOLE		275,000	0	0
AMERICAN AIRLS GROUP INC	COM	02376R102	10,106	234,957	SH		SOLE		234,957	0	0
AMERISOURCEBERGEN CORP	COM	03073E105	12,736	120,836	SH		SOLE		120,836	0	0
AMGEN INC	COM	031162100	1,148	7,000	SH		SOLE		7,000	0	0
APPLE INC	COM	037833100	46,439	431,229	SH		SOLE		431,229	0	0
AUTODESK INC.	COM	052769106	439	7,000	SH		SOLE		7,000	0	0
AUTONATION INC	COM	05329W102	4,061	67,130	SH		SOLE		67,130	0	0
AVALONBAY CMNTYS INC	COM	053484101	11,817	63,720	SH		SOLE		63,720	0	0
AVERY DENNISON CORP	COM	053611109	4,747	74,691	SH		SOLE		74,691	0	0
BAIDU INC	SPON ADR REP A	056752108	2,150	11,100	SH		SOLE		11,100	0	0
BAKER HUGHES INC	COM	057224107	340	7,400	SH		SOLE		7,400	0	0
BANK OF AMERICA CORP	COM	060505104	22,717	1,326,258	SH		SOLE		1,326,258	0	0
BANK NEW YORK MELLON CORP	COM	064058100	24,978	600,888	SH		SOLE		600,888	0	0
BAXALTA INC. DL -,01	COM	07177M103	20,336	520,904	SH		SOLE		520,904	0	0
BAXTER INTERNATIONAL INC	COM	071813109	20,430	535,534	SH		SOLE		535,534	0	0
BECTON DICKINSON & CO	COM	075887109	3,459	22,212	SH		SOLE		22,212	0	0
BIOGEN IDEC INC.	COM	09062X103	14,720	47,675	SH		SOLE		47,675	0	0
BLACKROCK INC	COM	09247X101	4,504	13,108	SH		SOLE		13,108	0	0
BOEING CO	COM	097023105	20,863	142,042	SH		SOLE		142,042	0	0
BOSTON PROPERTIES INC	COM	101121101	5,220	40,600	SH		SOLE		40,600	0	0
BRF SA	SPONSORED ADR	10552T107	1,682	120,000	SH		SOLE		120,000	0	0
BRISTOL MYERS SQUIBB CO	DBCV	110122108	7,800	111,467	SH		SOLE		111,467	0	0
C.H. Robinson Worldwide Inc. Reg Shs (new) DL -,10	COM NEW	12541W209	5,012	80,133	SH		SOLE		80,133	0	0
CA INC	COM	12673P105	7,745	265,067	SH		SOLE		265,067	0	0
CAMPBELL SOUP CO	COM	134429109	17,957	336,598	SH		SOLE		336,598	0	0
CAPITAL ONE FINL CORP	COM	14040H105	19,988	271,249	SH		SOLE		271,249	0	0
CARDINAL HEALTH INC	COM	14149Y108	16,256	179,326	SH		SOLE		179,326	0	0
CATERPILLAR INC	COM	149123101	166	2,400	SH		SOLE		2,400	0	0
CHEVRON CORP NEW	COM	166764100	14,407	159,281	SH		SOLE		159,281	0	0
CISCO SYSTEMS INC	COM	17275R102	1,022	37,000	SH		SOLE		37,000	0	0
CITIGROUP INC	COM NEW	172967424	7,044	133,896	SH		SOLE		133,896	0	0
Citrix Systems Inc. DL-,001	COM	177376100	12,342	159,607	SH		SOLE		159,607	0	0
CLOROX CO DEL	COM	189054109	10,186	79,270	SH		SOLE		79,270	0	0
COCA-COLA CO/THE	COM	191216100	9,123	208,815	SH		SOLE		208,815	0	0
COCA-COLA ENTERPR. DL 1	COM	19122T109	100	2,000	SH		SOLE		2,000	0	0
COLGATE-PALMOLIVE CO	COM	194162103	379	5,600	SH		SOLE		5,600	0	0
COMCAST CORP NEW	CL A	20030N101	17,601	308,133	SH		SOLE		308,133	0	0
CIA EN.GER.ADR PFD NV 1	SPONS ADR	204409601	327	211,593	SH		SOLE		211,593	0	0
COMPANHIA DE SANEAMENTO BASI	SPONSORED ADR	20441A102	280	60,000	SH		SOLE		60,000	0	0
CONSTELLATION BRANDS INC	CL A	21036P108	9,657	66,851	SH		SOLE		66,851	0	0
CTRIP COM INTL LTD	AMERICAN DEP SHS	22943F100	534	11,400	SH		SOLE		11,400	0	0
DELTA AIR LINES INC DEL	COM NEW	247361702	5,791	112,881	SH		SOLE		112,881	0	0
DIAMOND OFFSHORE DRILLING	COM	25271C102	4,832	231,749	SH		SOLE		231,749	0	0
DISNEY WALT CO	COM	254687106	10,916	102,242	SH		SOLE		102,242	0	0
DISCOVERY COMMUNICATNS NEW	COM SER A	25470F104	4,623	173,520	SH		SOLE		173,520	0	0
DISCOVERY COMMUNICATNS NEW	COM SER C	25470F302	5,263	209,534	SH		SOLE		209,534	0	0
DOUGLAS EMMETT DL -,01	COM	25960P109	5,235	165,660	SH		SOLE		165,660	0	0
DOVER CORP	COM	260003108	10,612	171,223	SH		SOLE		171,223	0	0
DOW CHEM CO	COM	260543103	4,540	87,715	SH		SOLE		87,715	0	0
DR PEPPER SNAPPLE GROUP INC	COM	26138E109	14,452	152,283	SH		SOLE		152,283	0	0
DUKE ENERGY CORP NEW	COM NEW	26441C204	20,722	286,137	SH		SOLE		286,137	0	0
EOG RES INC	COM	26875P101	3,367	47,622	SH		SOLE		47,622	0	0
E TRADE FINANCIAL CORP	COM NEW	269246401	4,372	146,233	SH		SOLE		146,233	0	0
EBAY INC	COM	278642103	28,600	1,025,832	SH		SOLE		1,025,832	0	0
ECOPETROL SA	SPONSORED ADS	279158109	14	2,000	SH		SOLE		2,000	0	0
EL. ARTS INC. DL-,01	COM	285512109	9,054	128,939	SH		SOLE		128,939	0	0
EQUIFAX INC. DL 1,25	COM	294429105	3,219	28,506	SH		SOLE		28,506	0	0
EQUITY RESIDENTIAL	SH BEN INT	29476L107	5,679	69,500	SH		SOLE		69,500	0	0
ESSEX PPTY TR INC	COM	297178105	5,404	22,250	SH		SOLE		22,250	0	0
EXELON CORP.	COM	30161N101	15,497	558,647	SH		SOLE		558,647	0	0
EXXON MOBIL CORP. O.N.	COM	30231G102	29,157	371,717	SH		SOLE		371,717	0	0
FACEBOOK INC	CL A	30303M102	26,978	252,860	SH		SOLE		252,860	0	0
FOUR CORNERS PPTY TR INC	COM	35086T109	568	23,482	SH		SOLE		23,482	0	0
GAP INC.	COM	364760108	253	10,000	SH		SOLE		10,000	0	0
Genl Dynamics Corp. Dl 1	COM	369550108	16,247	116,105	SH		SOLE		116,105	0	0
Genl El. Co. Dl -,06	COM	369604103	12,578	403,413	SH		SOLE		403,413	0	0
GENERAL MTRS CO	COM	37045V100	18,759	544,379	SH		SOLE		544,379	0	0
GILEAD SCIENCES INC	COM	375558103	23,035	224,977	SH		SOLE		224,977	0	0
GOODYEAR TIRE & RUBR CO	COM	382550101	6,376	191,364	SH		SOLE		191,364	0	0
HP INC	COM	40434L105	204	17,200	SH		SOLE		17,200	0	0
HALLIBURTON CO	COM	406216101	239	7,000	SH		SOLE		7,000	0	0
HANESBRANDS INC	COM	410345102	5,893	202,087	SH		SOLE		202,087	0	0
HERSHEY CO/THE	COM	427866108	63	700	SH		SOLE		700	0	0
HEWLETT-PACKARD CO	COM	428236103	15,038	979,724	SH		SOLE		979,724	0	0
HOME DEPOT INC	COM	437076102	21,074	157,879	SH		SOLE		157,879	0	0
HORMEL FOODS CORP	COM	440452100	16,754	210,003	SH		SOLE		210,003	0	0
HOST HOTELS & RESORTS INC	COM	44107P104	14,005	890,354	SH		SOLE		890,354	0	0
HUMANA INC	COM	444859102	606	3,400	SH		SOLE		3,400	0	0
INTEL CORP	COM	458140100	25,760	734,177	SH		SOLE		734,177	0	0
INTERCONTINENTAL EXCHANGE IN	COM	45866F104	11,065	42,813	SH		SOLE		42,813	0	0
INTL BUSINESS MACHINES CORP	COM	459200101	210	1,500	SH		SOLE		1,500	0	0
INTERPUBL.GR. COS. DL-,10	COM	460690100	8,160	345,486	SH		SOLE		345,486	0	0
ITAU UNIBANCO HLDNG	SPON ADR REP PFD	465562106	278	42,325	SH		SOLE		42,325	0	0
JPMORGAN CHASE & CO	COM	46625H100	3,665	54,818	SH		SOLE		54,818	0	0
JD COM INC	SPON ADR CL A	47215P106	436	13,600	SH		SOLE		13,600	0	0
JOHNSON & JOHNSON	COM	478160104	45,761	439,256	SH		SOLE		439,256	0	0
JOHNSON CONTROLS INC	COM	478366107	391	9,700	SH		SOLE		9,700	0	0
JUNIPER NETWORKS INC	COM	48203R104	2,795	100,217	SH		SOLE		100,217	0	0
KILROY REALTY CORP.DL-,01	COM	49427F108	4,720	74,000	SH		SOLE		74,000	0	0
KIMBERLY-CLARK DL 1,25	COM	494368103	15,052	116,041	SH		SOLE		116,041	0	0
KOHLS CORP	COM	500255104	11,604	239,414	SH		SOLE		239,414	0	0
KROGER CO	COM	501044101	10,567	248,977	SH		SOLE		248,977	0	0
LEGG MASON INC	COM	524901105	2,828	71,619	SH		SOLE		71,619	0	0
LILLY ELI & CO	COM	532457108	10,270	118,166	SH		SOLE		118,166	0	0
LOWES COS INC	COM	548661107	4,161	53,943	SH		SOLE		53,943	0	0
MARATHON PETE CORP	COM	56585A102	12,129	229,456	SH		SOLE		229,456	0	0
MCDONALD'S CORP	COM	580135101	30,856	257,541	SH		SOLE		257,541	0	0
MCKESSON CORP	COM	58155Q103	12,911	64,627	SH		SOLE		64,627	0	0
MELCO CROWN ENTMT LTD	ADR	585464100	813	48,000	SH		SOLE		48,000	0	0
MERCK & CO. INC.	COM	58933Y105	7,862	146,902	SH		SOLE		146,902	0	0
MICROSOFT CORP	COM	594918104	29,301	517,200	SH		SOLE		517,200	0	0
MOBILE TELESYSTEMS OJSC	SPONSORED ADR	607409109	596	96,999	SH		SOLE		96,999	0	0
MONDELEZ INTERNATIONAL INC	CL A	609207105	572	12,500	SH		SOLE		12,500	0	0
NASDAQ INC	COM	631103108	3,713	62,355	SH		SOLE		62,355	0	0
NATIONAL RETAIL PPTYS	COM	637417106	5,726	143,000	SH		SOLE		143,000	0	0
NETAPP INC	COM	64110D104	4,880	181,419	SH		SOLE		181,419	0	0
NEWFIELD EXPLORATION CO	COM	651290108	1,996	62,307	SH		SOLE		62,307	0	0
NEWMONT MINING CORP	COM	651639106	13,398	756,559	SH		SOLE		756,559	0	0
NIKE INC. B	CL B	654106103	10,062	158,588	SH		SOLE		158,588	0	0
NUCOR CORP	COM	670346105	3,250	80,516	SH		SOLE		80,516	0	0
NVIDIA CORP	COM	67066G104	13,311	395,806	SH		SOLE		395,806	0	0
O REILLY AUTOMOTIVE INC	COM	67103H107	21,918	84,921	SH		SOLE		84,921	0	0
OMNICOM GRP INC. DL-,15	COM	681919106	8,454	109,647	SH		SOLE		109,647	0	0
OWENS CORNING	COM	690742101	118	2,500	SH		SOLE		2,500	0	0
PPG INDS INC	COM	693506107	3,166	31,562	SH		SOLE		31,562	0	0
PARAMOUNT GROUP INC	COM	69924R108	5,143	284,600	SH		SOLE		284,600	0	0
PAYPAL HDGS INC.DL-,0001	COM	70450Y103	5,638	153,244	SH		SOLE		153,244	0	0
PEOPLES UNITED FINANCIAL INC	COM	712704105	5,459	332,079	SH		SOLE		332,079	0	0
PEPSICO INC	COM	713448108	507	5,000	SH		SOLE		5,000	0	0
PETROLEO BRASILEIRO SA PETRO	SP ADR NON VTG	71654V101	157	47,000	SH		SOLE		47,000	0	0
PETROLEO BRASILEIRO SA PETRO	SPONSORED ADR	71654V408	1,154	270,000	SH		SOLE		270,000	0	0
PFIZER INC	COM	717081103	28,215	858,390	SH		SOLE		858,390	0	0
PITNEY BOWES INC	COM	724479100	3,538	169,224	SH		SOLE		169,224	0	0
PRAXAIR INC. DL-,01	COM	74005P104	642	6,200	SH		SOLE		6,200	0	0
PRICE T ROWE GROUP INC	COM	74144T108	9,077	125,219	SH		SOLE		125,219	0	0
PROLOGIS INC	COM	74340W103	5,690	131,600	SH		SOLE		131,600	0	0
PUBLIC SVC ENTERPRISE GROUP	COM	744573106	11,442	292,647	SH		SOLE		292,647	0	0
PUBLIC STORAGE DL-,10	COM	74460D109	22,424	89,372	SH		SOLE		89,372	0	0
PULTE GROUP INC. DL -,01	COM	745867101	7,792	432,389	SH		SOLE		432,389	0	0
QUANTA SVCS INC	COM	74762E102	4,463	216,222	SH		SOLE		216,222	0	0
QUEST DIAGNOSTICS INC	COM	74834L100	144	2,000	SH		SOLE		2,000	0	0
RALPH LAUREN CORP	CL A	751212101	2,875	25,589	SH		SOLE		25,589	0	0
RAYTHEON CO	COM NEW	755111507	5,644	44,847	SH		SOLE		44,847	0	0
REGIONS FINL CORP NEW	COM	7591EP100	5,315	548,552	SH		SOLE		548,552	0	0
REYNOLDS AMERICAN INC.	COM	761713106	23,464	501,683	SH		SOLE		501,683	0	0
ROPER INDUSTRIES INC	COM	776696106	21,743	113,532	SH		SOLE		113,532	0	0
ROSS STORES INC	COM	778296103	10,540	192,505	SH		SOLE		192,505	0	0
SL GREEN REALTY DL-,01	COM	78440X101	11,919	104,911	SH		SOLE		104,911	0	0
SALESFORCE COM INC	COM	79466L302	13,028	163,530	SH		SOLE		163,530	0	0
SCANA CORP NEW	COM	80589M102	5,964	96,741	SH		SOLE		96,741	0	0
SEALED AIR CORP. DL-,10	COM	81211K100	7,101	157,662	SH		SOLE		157,662	0	0
SEMPRA ENERGY	COM	816851109	4,036	42,441	SH		SOLE		42,441	0	0
SIMON PPTY GROUP INC	COM	828806109	10,403	53,246	SH		SOLE		53,246	0	0
SOUTHERN CO	COM	842587107	13,161	278,312	SH		SOLE		278,312	0	0
Southw. Airl. Co. Dl 1	COM	844741108	14,213	325,606	SH		SOLE		325,606	0	0
STAPLES INC	COM	855030102	149	15,500	SH		SOLE		15,500	0	0
SUNTRUST BKS INC	COM	867914103	11,639	267,191	SH		SOLE		267,191	0	0
SYMANTEC CORP	COM	871503108	405	19,000	SH		SOLE		19,000	0	0
SYNCHRONY FINL	COM	87165B103	3,049	99,858	SH		SOLE		99,858	0	0
TARGET CORP	COM	87612E106	148	2,000	SH		SOLE		2,000	0	0
TAUBMAN CTRS INC	COM	876664103	5,432	70,400	SH		SOLE		70,400	0	0
TESORO CORP	COM	881609101	1,866	17,842	SH		SOLE		17,842	0	0
TEXAS INSTRS INC	COM	882508104	15,419	273,440	SH		SOLE		273,440	0	0
3M CO	COM	88579Y101	229	1,500	SH		SOLE		1,500	0	0
TOTAL SYSTEM SERV. DL-,10	COM	891906109	5,856	116,438	SH		SOLE		116,438	0	0
TYSON FOODS INC	CL A	902494103	6,170	114,425	SH		SOLE		114,425	0	0
ULTRAPAR PARTICIPACOES S A	SP ADR REP COM	90400P101	924	60,000	SH		SOLE		60,000	0	0
UTD MICROELECTR.ADR NEW/5	SPON ADR NEW	910873405	149	80,000	SH		SOLE		80,000	0	0
UNITED PARCEL SERVICE	CL B	911312106	555	5,700	SH		SOLE		5,700	0	0
UNITED RENTALS INC	COM	911363109	4,936	67,671	SH		SOLE		67,671	0	0
UNITED TECHNOLOGIES CORP	COM	913017109	7,541	77,766	SH		SOLE		77,766	0	0
UNITEDHEALTH GROUP INC	COM	91324P102	989	8,300	SH		SOLE		8,300	0	0
VALERO ENERGY CORP NEW	COM	91913Y100	5,425	75,193	SH		SOLE		75,193	0	0
VERISIGN INC	COM	92343E102	11,654	131,489	SH		SOLE		131,489	0	0
VERISK ANALYTICS INC	COM	92345Y106	4,941	63,612	SH		SOLE		63,612	0	0
VIACOM INC NEW	CL B	92553P201	2,623	63,838	SH		SOLE		63,838	0	0
WYNDHAM WORLDWIDE CORP	COM	98310W108	8,111	110,945	SH		SOLE		110,945	0	0
ZOETIS INC	CL A	98978V103	3,293	68,061	SH		SOLE		68,061	0	0
MICHAEL KORS HLDGS LTD	SHS	G60754101	2,972	73,884	SH		SOLE		73,884	0	0