Saturna Capital 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	Common Stock	88579Y101	37,660	262,917	SH		SOLE	0	262,917	0	0
Abbott Laboratories	Common Stock	2824100	16,822	411,307	SH		SOLE	0	411,307	0	0
AbbVie	Common Stock	00287Y109	21,716	384,763	SH		SOLE	0	384,763	0	0
Aboitiz Power (Philippines)	Common Stock	SB1Z9Q99L	378	450,000	SH		SOLE	0	450,000	0	0
Accenture PLC, A	Common Stock	G1151C101	226	2,800	SH		SOLE	0	2,800	0	0
Actavis PLC	Common Stock	G0083B108	27	119	SH		SOLE	0	119	0	0
Adobe Systems	Common Stock	00724F101	88,311	1,220,436	SH		SOLE	0	1,220,436	0	0
Advanced Info Service (Forgn Shs)	Common Stock	S6412591L	102	15,000	SH		SOLE	0	15,000	0	0
Agilent Technologies	Common Stock	00846U101	53,007	922,822	SH		SOLE	0	922,822	0	0
Agnico-Eagle Mines Ltd	Common Stock	8474108	34	900	SH		SOLE	0	900	0	0
Air Products & Chemicals	Common Stock	9158106	32,155	250,000	SH		SOLE	0	250,000	0	0
Akamai Technologies	Common Stock	00971T101	61,448	1,006,354	SH		SOLE	0	1,006,354	0	0
Alamos Gold	Common Stock	11527959	329	32,500	SH		SOLE	0	32,500	0	0
Alaska Air	Common Stock	11659109	725	7,625	SH		SOLE	0	7,625	0	0
Alcoa	Common Stock	13817101	75	5,055	SH		SOLE	0	5,055	0	0
Alere	Common Stock	01449J105	141	3,766	SH		SOLE	0	3,766	0	0
Alere, perp pfd conv ser B	Convt Prefrd Stock	01449J204	63	199	SH		SOLE	0	199	0	0
Amazon.com	Common Stock	23135106	880	2,711	SH		SOLE	0	2,711	0	0
Ambev SA ADR	ADR	02319V103	70	10,000	SH		SOLE	0	10,000	0	0
Ameren	Common Stock	23608102	14	333	SH		SOLE	0	333	0	0
America Movil ADR	ADR	02364W105	37	1,790	SH		SOLE	0	1,790	0	0
American Electric Power	Common Stock	25537101	7	120	SH		SOLE	0	120	0	0
AmerisourceBergen Corp	Common Stock	03073E105	8	110	SH		SOLE	0	110	0	0
Amgen	Common Stock	31162100	64,853	547,884	SH		SOLE	0	547,884	0	0
AmSurg	Common Stock	03232P405	180	3,947	SH		SOLE	0	3,947	0	0
Anadarko Petroleum	Common Stock	32511107	175	1,600	SH		SOLE	0	1,600	0	0
Analog Devices	Common Stock	32654105	27	500	SH		SOLE	0	500	0	0
Aon Corp	Common Stock	G0408V102	262	2,912	SH		SOLE	0	2,912	0	0
Apache	Common Stock	37411105	1,346	13,377	SH		SOLE	0	13,377	0	0
Apartment Investment & Management	Common Stock	03748R101	24	743	SH		SOLE	0	743	0	0
Apple	Common Stock	37833100	77,853	837,760	SH		SOLE	0	837,760	0	0
ARM Holdings plc ADS	ADR	42068106	52	1,151	SH		SOLE	0	1,151	0	0
Ashland	Common Stock	44209104	544	5,006	SH		SOLE	0	5,006	0	0
ASML Holding NV (New York)	Common Stock	N07059210	41,295	442,750	SH		SOLE	0	442,750	0	0
Aspen Pharmacare Holdings	Common Stock	SB09C0Z1L	703	25,000	SH		SOLE	0	25,000	0	0
AstraZeneca ADS	ADR	46353108	19,544	263,000	SH		SOLE	0	263,000	0	0
AT&T	Common Stock	00206R102	558	15,768	SH		SOLE	0	15,768	0	0
Atlas Pipeline Partners	Common Stock	49392103	103	3,000	SH		SOLE	0	3,000	0	0
Australia & New Zealand Banking ADS	ADR	52528304	2,642	84,000	SH		SOLE	0	84,000	0	0
AutoNavi Holdings ADS	ADR	05330F106	669	32,000	SH		SOLE	0	32,000	0	0
Aviat Networks	Common Stock	05366Y102	1	630	SH		SOLE	0	630	0	0
Avista	Common Stock	05379B107	325	9,700	SH		SOLE	0	9,700	0	0
Axiata Group Berhad	Common Stock	SB2QZGV5L	423	195,000	SH		SOLE	0	195,000	0	0
Baidu ADS	ADR	56752108	654	3,500	SH		SOLE	0	3,500	0	0
Banco Santander ADS	ADR	05964H105	1,089	104,502	SH		SOLE	0	104,502	0	0
Bangkok Dusit Medical Services NVDR	Common Stock	SB013SV4L	643	1,250,000	SH		SOLE	0	1,250,000	0	0
Bank of America	Common Stock	60505104	123	8,000	SH		SOLE	0	8,000	0	0
Barrick Gold	Common Stock	67901108	26	1,400	SH		SOLE	0	1,400	0	0
BASF ADS	ADR	55262505	21,610	185,492	SH		SOLE	0	185,492	0	0
BCE	Common Stock	05534B760	2,743	60,469	SH		SOLE	0	60,469	0	0
Becton, Dickinson & Co.	Common Stock	75887109	24,843	210,000	SH		SOLE	0	210,000	0	0
Bed Bath & Beyond	Common Stock	75896100	582	10,135	SH		SOLE	0	10,135	0	0
Belmond Ltd. CL A	Common Stock	G1154H107	4,507	310,000	SH		SOLE	0	310,000	0	0
BG Group ADR	ADR	55434203	1,495	70,000	SH		SOLE	0	70,000	0	0
BHP Billiton ADS	ADR	88606108	2,254	32,928	SH		SOLE	0	32,928	0	0
BIMB Holdings Bhd	Common Stock	S6100379L	372	280,000	SH		SOLE	0	280,000	0	0
BIMB Holdings BHD Warrants	Warrant	SBG7ZLL7L	15	80,000	SH		SOLE	0	80,000	0	0
Bitauto Holdings Ltd. ADS	Common Stock	91727107	24	500	SH		SOLE	0	500	0	0
BlackRock	Common Stock	09247X101	355	1,111	SH		SOLE	0	1,111	0	0
Boardwalk Pipeline Partners LP	Common Stock	96627104	56	3,000	SH		SOLE	0	3,000	0	0
Boeing	Common Stock	97023105	746	5,865	SH		SOLE	0	5,865	0	0
Borg-Warner Automotive	Common Stock	99724106	707	10,843	SH		SOLE	0	10,843	0	0
BP plc ADS	ADR	55622104	94	1,791	SH		SOLE	0	1,791	0	0
Brandywine Realty Trust	Common Stock	105368203	6	397	SH		SOLE	0	397	0	0
Bristol-Myers Squibb	Common Stock	110122108	39,429	812,799	SH		SOLE	0	812,799	0	0
Canadian National Railway	Common Stock	136375102	44,058	677,600	SH		SOLE	0	677,600	0	0
Canadian Oil Sands Ltd.	Common Stock	13643E105	227	10,000	SH		SOLE	0	10,000	0	0
Canon ADS	ADR	138006309	427	13,050	SH		SOLE	0	13,050	0	0
Carlisle Cos	Common Stock	142339100	39,932	461,000	SH		SOLE	0	461,000	0	0
Carmax	Common Stock	143130102	87	1,680	SH		SOLE	0	1,680	0	0
Carrefour S.A. ADS	ADR	144430204	1,241	170,000	SH		SOLE	0	170,000	0	0
CCR SA	Common Stock	S2840970L	274	33,500	SH		SOLE	0	33,500	0	0
Celgene	Common Stock	151020104	17,176	200,000	SH		SOLE	0	200,000	0	0
Cenovus	Common Stock	15135U109	17,505	540,773	SH		SOLE	0	540,773	0	0
Charles River Laboratories	Common Stock	159864107	80	1,495	SH		SOLE	0	1,495	0	0
Chemtura Corp	Common Stock	163893209	0	10	SH		SOLE	0	10	0	0
Cheung Kong (Holdings) ADR	ADR	166744201	6	328	SH		SOLE	0	328	0	0
Chevron Corporation	Common Stock	166764100	614	4,707	SH		SOLE	0	4,707	0	0
China Petrolem & Chem (Sinopec) ADR	ADR	16941R108	99	1,040	SH		SOLE	0	1,040	0	0
Chubb	Common Stock	171232101	823	8,925	SH		SOLE	0	8,925	0	0
Chunghwa Telecom ADS	ADR	17133Q502	10,882	339,419	SH		SOLE	0	339,419	0	0
Church & Dwight	Common Stock	171340102	56,506	807,800	SH		SOLE	0	807,800	0	0
Cisco Systems	Common Stock	17275R102	51,003	2,052,448	SH		SOLE	0	2,052,448	0	0
Clicks Group Ltd	Common Stock	S6105578L	358	60,000	SH		SOLE	0	60,000	0	0
Clorox	Common Stock	189054109	34,381	376,165	SH		SOLE	0	376,165	0	0
CNOOC Ltd ADR	ADR	126132109	520	2,900	SH		SOLE	0	2,900	0	0
Coca-Cola Co	Common Stock	191216100	57	1,340	SH		SOLE	0	1,340	0	0
Coca-Cola Femsa ADS	ADR	191241108	287	2,527	SH		SOLE	0	2,527	0	0
Coeur Mining	Common Stock	192108504	92	10,000	SH		SOLE	0	10,000	0	0
Colgate-Palmolive	Common Stock	194162103	41,624	610,508	SH		SOLE	0	610,508	0	0
ConocoPhillips	Common Stock	20825C104	30,063	350,672	SH		SOLE	0	350,672	0	0
Convergys	Common Stock	212485106	12,044	561,733	SH		SOLE	0	561,733	0	0
Copa Holdings - A	Common Stock	P31076105	4,277	30,000	SH		SOLE	0	30,000	0	0
Corning	Common Stock	219350105	7	300	SH		SOLE	0	300	0	0
Costco Wholesale	Common Stock	22160K105	345	3,000	SH		SOLE	0	3,000	0	0
Crane	Common Stock	224399105	22,308	300,000	SH		SOLE	0	300,000	0	0
Culp	Common Stock	230215105	87	5,000	SH		SOLE	0	5,000	0	0
CVS Caremark	Common Stock	126650100	843	11,186	SH		SOLE	0	11,186	0	0
Daimler AG	Common Stock	S5529027L	187	2,000	SH		SOLE	0	2,000	0	0
Danaher	Common Stock	235851102	31	400	SH		SOLE	0	400	0	0
Danone ADS	ADR	23636T100	588	39,362	SH		SOLE	0	39,362	0	0
Dassault Systems ADR	ADR	237545108	3,865	30,000	SH		SOLE	0	30,000	0	0
DealerTrack Holdings	Common Stock	242309102	6	141	SH		SOLE	0	141	0	0
Delta Air Lines	Common Stock	247361702	1,549	40,000	SH		SOLE	0	40,000	0	0
Dentsply International	Common Stock	249030107	28,473	601,340	SH		SOLE	0	601,340	0	0
Devon Energy	Common Stock	25179M103	143	1,800	SH		SOLE	0	1,800	0	0
Diageo plc	Common Stock	S2144724L	636	20,000	SH		SOLE	0	20,000	0	0
Diebold	Common Stock	253651103	32	800	SH		SOLE	0	800	0	0
Disney (Walt)	Common Stock	254687106	12	145	SH		SOLE	0	145	0	0
Dominion Resources Inc./VA	Common Stock	25746U109	9	120	SH		SOLE	0	120	0	0
Donnelley (RR) & Sons	Common Stock	257867101	143	8,424	SH		SOLE	0	8,424	0	0
Dow Chemical	Common Stock	260543103	86	1,667	SH		SOLE	0	1,667	0	0
Dr. Reddy's Laboratories ADR	ADR	256135203	0	0	SH		SOLE	0	0	0	0
Dreamworks Animation	Common Stock	26153C103	8	330	SH		SOLE	0	330	0	0
Duke Energy	Common Stock	26441C204	256	3,450	SH		SOLE	0	3,450	0	0
Duke Realty	Common Stock	264411505	162	8,900	SH		SOLE	0	8,900	0	0
Dun & Bradstreet	Common Stock	26483E100	7,863	71,350	SH		SOLE	0	71,350	0	0
E.I. du Pont de Nemours	Common Stock	263534109	33,011	504,450	SH		SOLE	0	504,450	0	0
E.ON ADR	ADR	268780103	124	6,000	SH		SOLE	0	6,000	0	0
eBay	Common Stock	278642103	1,172	23,413	SH		SOLE	0	23,413	0	0
Edison International	Common Stock	281020107	63	1,080	SH		SOLE	0	1,080	0	0
Eli Lilly	Common Stock	532457108	79,880	1,284,865	SH		SOLE	0	1,284,865	0	0
Embraer SA ADR	ADR	29082A107	168	4,612	SH		SOLE	0	4,612	0	0
EMC	Common Stock	268648102	670	25,429	SH		SOLE	0	25,429	0	0
EMCOR Group	Common Stock	29084Q100	31,385	704,798	SH		SOLE	0	704,798	0	0
Emerson Electric	Common Stock	291011104	29,862	450,000	SH		SOLE	0	450,000	0	0
Enbridge Energy Partners LP	Common Stock	29250R106	1,184	32,051	SH		SOLE	0	32,051	0	0
EnCana	Common Stock	292505104	6,384	269,258	SH		SOLE	0	269,258	0	0
Enersis ADS	ADR	29274F104	169	10,000	SH		SOLE	0	10,000	0	0
Eni SpA ADS	ADR	26874R108	2,745	50,000	SH		SOLE	0	50,000	0	0
Entergy MISS 1st MTG	Preferred Stock	29364N876	25	1,000	SH		SOLE	0	1,000	0	0
EOG Resources	Common Stock	26875P101	113	970	SH		SOLE	0	970	0	0
Estee Lauder, Cl A	Common Stock	518439104	47,622	641,282	SH		SOLE	0	641,282	0	0
Expedia	Common Stock	30212P303	44	561	SH		SOLE	0	561	0	0
Exponent	Common Stock	30214U102	74	1,000	SH		SOLE	0	1,000	0	0
Express Scripts Holding	Common Stock	30219G108	46,027	663,880	SH		SOLE	0	663,880	0	0
Exxon Mobil	Common Stock	30231G102	36,286	360,409	SH		SOLE	0	360,409	0	0
F5 Networks	Common Stock	315616102	1,629	14,622	SH		SOLE	0	14,622	0	0
Facebook, Cl A	Common Stock	30303M102	1,136	16,886	SH		SOLE	0	16,886	0	0
Fastenal	Common Stock	311900104	39,689	801,960	SH		SOLE	0	801,960	0	0
First Real Estate Investment Trust	Common Stock	Y2560E100	190	200,000	SH		SOLE	0	200,000	0	0
First Solar	Common Stock	336433107	284	4,000	SH		SOLE	0	4,000	0	0
Fiserv	Common Stock	337738108	54	900	SH		SOLE	0	900	0	0
FleetCor Technologies	Common Stock	339041105	332	2,522	SH		SOLE	0	2,522	0	0
Fomento Economico Mex ADS (FEMSA)	ADR	344419106	2,810	30,000	SH		SOLE	0	30,000	0	0
Ford Motor	Common Stock	345370860	741	43,010	SH		SOLE	0	43,010	0	0
Ford Otomotiv Sanayi	Common Stock	SB03MSR5L	498	40,000	SH		SOLE	0	40,000	0	0
FPL Group Capital Trust I	Preferred Stock	30257v207	28	1,100	SH		SOLE	0	1,100	0	0
Freeport-McMoRan Copper & Gold	Common Stock	35671D857	4,556	124,824	SH		SOLE	0	124,824	0	0
Frontier Communictions	Common Stock	35906A108	0	70	SH		SOLE	0	70	0	0
Furiex Pharmaceuticals	Common Stock	36106P101	35	333	SH		SOLE	0	333	0	0
Gartner	Common Stock	366651107	21,258	301,441	SH		SOLE	0	301,441	0	0
GDF Suez ADS	ADR	36160B105	103	3,725	SH		SOLE	0	3,725	0	0
General Electric	Common Stock	369604103	378	14,400	SH		SOLE	0	14,400	0	0
General Mills	Common Stock	370334104	31,804	605,338	SH		SOLE	0	605,338	0	0
Genomma Lab Internacional - B	Common Stock	SB3B1C73L	596	220,000	SH		SOLE	0	220,000	0	0
Gentex	Common Stock	371901109	20,421	702,000	SH		SOLE	0	702,000	0	0
Genuine Parts	Common Stock	372460105	44,355	505,180	SH		SOLE	0	505,180	0	0
Georgia Power CO Cl A PFD 6.125%	Preferred Stock	373334473	112	4,000	SH		SOLE	0	4,000	0	0
Gilead Sciences	Common Stock	375558103	265	3,200	SH		SOLE	0	3,200	0	0
GlaxoSmithKline ADS	ADR	37733W105	35,562	664,950	SH		SOLE	0	664,950	0	0
Global Payments	Common Stock	37940X102	28	382	SH		SOLE	0	382	0	0
Gold Fields Ltd ADS	ADR	38059T106	112	30,000	SH		SOLE	0	30,000	0	0
Google, A	Common Stock	38259P508	51,204	87,577	SH		SOLE	0	87,577	0	0
Google, C	Common Stock	38259P706	16,180	28,126	SH		SOLE	0	28,126	0	0
Great Plains Energy Inc.	Common Stock	391164100	5	197	SH		SOLE	0	197	0	0
Groupe Bruxelles Lambert SA	Common Stock	S70973284	166	1,600	SH		SOLE	0	1,600	0	0
GT Advanced Technologies	Common Stock	36191U106	37	2,000	SH		SOLE	0	2,000	0	0
Hain Celestial Group	Common Stock	405217100	1,026	11,557	SH		SOLE	0	11,557	0	0
Harman International Industries	Common Stock	413086109	236	2,200	SH		SOLE	0	2,200	0	0
Harris	Common Stock	413875105	31,410	414,660	SH		SOLE	0	414,660	0	0
HCP	Common Stock	40414L109	16	381	SH		SOLE	0	381	0	0
Health Care Property	Common Stock	42217K106	19	302	SH		SOLE	0	302	0	0
Hewlett-Packard	Common Stock	428236103	17	500	SH		SOLE	0	500	0	0
Hillshire Brands	Common Stock	432589109	5	88	SH		SOLE	0	88	0	0
Home Depot	Common Stock	437076102	49	610	SH		SOLE	0	610	0	0
Honeywell International	Common Stock	438516106	38,361	412,710	SH		SOLE	0	412,710	0	0
Hong Kong & China Gas ADS	ADR	438550303	475	220,000	SH		SOLE	0	220,000	0	0
Hopewell Highway Infrastructure	Common Stock	S6665016L	113	225,000	SH		SOLE	0	225,000	0	0
Hospira	Common Stock	441060100	2	40	SH		SOLE	0	40	0	0
HSN	Common Stock	404303109	13	224	SH		SOLE	0	224	0	0
Hudson Technologies	Common Stock	444144109	197	68,041	SH		SOLE	0	68,041	0	0
Humana	Common Stock	444859102	39,082	305,998	SH		SOLE	0	305,998	0	0
Hutchison Whampoa ADR	ADR	448415208	5	192	SH		SOLE	0	192	0	0
IAC/InterActiveCorp	Common Stock	44919P508	39	561	SH		SOLE	0	561	0	0
Idacorp	Common Stock	451107106	989	17,100	SH		SOLE	0	17,100	0	0
IHH Healthcare Bhd	Common Stock	SB83X6P8L	409	300,000	SH		SOLE	0	300,000	0	0
Illinois Tool Works	Common Stock	452308109	44,999	513,925	SH		SOLE	0	513,925	0	0
Impala Platinum ADS	ADR	452553308	160	16,000	SH		SOLE	0	16,000	0	0
Indofood CBP Sukses Makmur	Common Stock	SB4LD3M8L	211	250,000	SH		SOLE	0	250,000	0	0
Infosys ADS	ADR	456788108	26,885	500,000	SH		SOLE	0	500,000	0	0
Integrated Device Technology	Common Stock	458118106	62	4,030	SH		SOLE	0	4,030	0	0
Intel	Common Stock	458140100	31,361	1,014,930	SH		SOLE	0	1,014,930	0	0
International Business Machines	Common Stock	459200101	685	3,780	SH		SOLE	0	3,780	0	0
Interval Leisure Group	Common Stock	46113M108	5	224	SH		SOLE	0	224	0	0
Intuit	Common Stock	461202103	63,792	792,154	SH		SOLE	0	792,154	0	0
Invesco	Common Stock	G491BT108	757	20,044	SH		SOLE	0	20,044	0	0
IOI Bhd	Common Stock	SB1Y3WG1L	491	300,000	SH		SOLE	0	300,000	0	0
IOI Properties Group Bhd	Common Stock	SBH7JFJ2L	118	150,000	SH		SOLE	0	150,000	0	0
Iron Mountain	Common Stock	462846106	18	496	SH		SOLE	0	496	0	0
iShares Russell 2000	Common Stock	464287655	28	238	SH		SOLE	0	238	0	0
Itau Unibanco Holding pf ADR	ADR	465562106	104	7,260	SH		SOLE	0	7,260	0	0
Jasa Marga (Persero) Tbk PT	Common Stock	SB28T1S7L	353	700,000	SH		SOLE	0	700,000	0	0
JM Smucker	Common Stock	832696405	26,679	250,340	SH		SOLE	0	250,340	0	0
John Wiley & Sons, A	Common Stock	968223206	2,121	35,000	SH		SOLE	0	35,000	0	0
Johnson & Johnson	Common Stock	478160104	94,631	904,521	SH		SOLE	0	904,521	0	0
Johnson Controls	Common Stock	478366107	29,958	600,000	SH		SOLE	0	600,000	0	0
JP Morgan Chase	Common Stock	46625H100	152	2,640	SH		SOLE	0	2,640	0	0
JPM Chase Capital, Pfd C 6.70%	Preferred Stock	48125E207	130	5,000	SH		SOLE	0	5,000	0	0
Kalbe Farma PT	Common Stock	S6728102L	630	4,500,000	SH		SOLE	0	4,500,000	0	0
Kalbe Farma PT ADR	ADR	69368A108	98	3,500	SH		SOLE	0	3,500	0	0
Kellogg	Common Stock	487836108	30,642	466,400	SH		SOLE	0	466,400	0	0
Key	Common Stock	493267108	18	1,272	SH		SOLE	0	1,272	0	0
Kimberly-Clark	Common Stock	494368103	33,691	302,925	SH		SOLE	0	302,925	0	0
Kimberly-Clark de Mexico, A	Common Stock	S2491914L	449	160,000	SH		SOLE	0	160,000	0	0
Kinder Morgan Energy Partners	Common Stock	494550106	337	4,100	SH		SOLE	0	4,100	0	0
Knight Transportation	Common Stock	499064103	29	1,237	SH		SOLE	0	1,237	0	0
Kohl's	Common Stock	500255104	14	275	SH		SOLE	0	275	0	0
Koninklijke Philips NV (NY)	Common Stock	500472303	688	21,654	SH		SOLE	0	21,654	0	0
Korea Electric Power ADS	ADR	500631106	368	20,000	SH		SOLE	0	20,000	0	0
KPJ Healthcare	Common Stock	S64935850	363	344,666	SH		SOLE	0	344,666	0	0
KPJ Healthcare Warrants	Warrant	S6493599L	5	29,332	SH		SOLE	0	29,332	0	0
LATAM Airlines ADS	ADR	51817R106	2,194	163,482	SH		SOLE	0	163,482	0	0
LifePoint Hospitals	Common Stock	53219L109	36	581	SH		SOLE	0	581	0	0
Lincoln Electric Holdings	Common Stock	533900106	35,918	514,000	SH		SOLE	0	514,000	0	0
Lincoln National	Common Stock	534187109	9	177	SH		SOLE	0	177	0	0
Lowe's	Common Stock	548661107	38,999	812,658	SH		SOLE	0	812,658	0	0
M. Dias Branco SA	Common Stock	SB1FRH89L	570	13,000	SH		SOLE	0	13,000	0	0
Malayan Banking Bhd	Common Stock	S6556325L	98	32,000	SH		SOLE	0	32,000	0	0
Manila Electric Co	Common Stock	SB247XZ6L	469	80,000	SH		SOLE	0	80,000	0	0
Mattel	Common Stock	577081102	335	8,600	SH		SOLE	0	8,600	0	0
McCormick & Co	Common Stock	579780206	21,656	302,500	SH		SOLE	0	302,500	0	0
Mead Johnson Nutrition	Common Stock	582839106	1,479	15,875	SH		SOLE	0	15,875	0	0
Memorial Production Partners	Common Stock	586048100	436	18,000	SH		SOLE	0	18,000	0	0
MercadoLibre	Common Stock	58733R102	1,690	17,714	SH		SOLE	0	17,714	0	0
Merck & Co	Common Stock	58933Y105	257	4,445	SH		SOLE	0	4,445	0	0
Methanex	Common Stock	59151K108	19,868	321,600	SH		SOLE	0	321,600	0	0
Metso ADS	ADR	592671101	619	16,300	SH		SOLE	0	16,300	0	0
Microchip Technology	Common Stock	595017104	30,793	630,875	SH		SOLE	0	630,875	0	0
Microsoft	Common Stock	594918104	42,350	1,015,579	SH		SOLE	0	1,015,579	0	0
Middleby	Common Stock	596278101	371	4,482	SH		SOLE	0	4,482	0	0
Millicom Intl Cellular SDR	ADR	SB002LM8L	229	2,500	SH		SOLE	0	2,500	0	0
Mindray Medical International ADR	ADR	602675100	410	13,000	SH		SOLE	0	13,000	0	0
Mitsubishi UFJ Financial ADR	ADR	606822104	3,075	500,000	SH		SOLE	0	500,000	0	0
Monster Beverage	Common Stock	611740101	835	11,750	SH		SOLE	0	11,750	0	0
Moody's	Common Stock	615369105	671	7,655	SH		SOLE	0	7,655	0	0
Morgan Stanley Cap Tr, Cum Pfd	Preferred Stock	61750K208	114	4,500	SH		SOLE	0	4,500	0	0
Morningstar	Common Stock	617700109	72	1,000	SH		SOLE	0	1,000	0	0
Motorola Solutions	Common Stock	620076307	6	95	SH		SOLE	0	95	0	0
MTN Group LTD	Common Stock	S6563206L	442	21,000	SH		SOLE	0	21,000	0	0
MTN Group LTD - Spons ADR	ADR	62474M108	234	11,100	SH		SOLE	0	11,100	0	0
National Fuel Gas	Common Stock	636180101	13,311	170,000	SH		SOLE	0	170,000	0	0
National Grid PLC ADS	ADR	636274300	499	6,713	SH		SOLE	0	6,713	0	0
Nestle's SA ADS	ADR	641069406	18	227	SH		SOLE	0	227	0	0
Newmont Mining	Common Stock	651639106	18	700	SH		SOLE	0	700	0	0
News Corp. Cl A	Common Stock	65249B109	1	82	SH		SOLE	0	82	0	0
NextEra Energy	Common Stock	65339F101	128	1,250	SH		SOLE	0	1,250	0	0
Nice Systems ADS	ADR	653656108	3,265	80,000	SH		SOLE	0	80,000	0	0
Nidec ADS	ADR	654090109	822	53,406	SH		SOLE	0	53,406	0	0
Nike, Cl B	Common Stock	654106103	42,251	544,820	SH		SOLE	0	544,820	0	0
Nintendo	ADR	654445303	1	86	SH		SOLE	0	86	0	0
NiSource	Common Stock	65473P105	15	387	SH		SOLE	0	387	0	0
Noble	Common Stock	G65431101	638	19,012	SH		SOLE	0	19,012	0	0
Noble Energy	Common Stock	655044105	34	436	SH		SOLE	0	436	0	0
Nordstrom	Common Stock	655664100	27	400	SH		SOLE	0	400	0	0
Norfolk Southern	Common Stock	655844108	52,937	513,800	SH		SOLE	0	513,800	0	0
Northern Trust	Common Stock	665859104	64	1,000	SH		SOLE	0	1,000	0	0
Novartis ADR	ADR	66987V109	100,946	1,115,053	SH		SOLE	0	1,115,053	0	0
Novo Nordisk ADS	ADR	670100205	56,798	1,229,650	SH		SOLE	0	1,229,650	0	0
Novozymes A/S ADR	ADR	670108109	100	2,000	SH		SOLE	0	2,000	0	0
NRG Energy	Common Stock	629377508	112	3,000	SH		SOLE	0	3,000	0	0
Nucor	Common Stock	670346105	187	3,800	SH		SOLE	0	3,800	0	0
NXT Energy Solutions	Common Stock	62948Q107	59	54,522	SH		SOLE	0	54,522	0	0
NY Community Bancorp	Common Stock	649445103	112	7,000	SH		SOLE	0	7,000	0	0
Oracle	Common Stock	68389X105	27,506	678,650	SH		SOLE	0	678,650	0	0
Orange SA	ADR	684060106	93	5,900	SH		SOLE	0	5,900	0	0
Organovo Holdings Inc	Common Stock	68620A104	25	3,000	SH		SOLE	0	3,000	0	0
Pan American Silver Corp WTS REG S	Warrant	C71800103	0	200	SH		SOLE	0	200	0	0
PAREXEL International	Common Stock	699462107	211	4,000	SH		SOLE	0	4,000	0	0
Parker Hannifin	Common Stock	701094104	34,639	275,500	SH		SOLE	0	275,500	0	0
Pearson ADS	ADR	705015105	8,021	404,890	SH		SOLE	0	404,890	0	0
Penn West Petroleum	Common Stock	707887105	73	7,500	SH		SOLE	0	7,500	0	0
Pennsylvania REIT	Common Stock	709102107	7	350	SH		SOLE	0	350	0	0
PepsiCo	Common Stock	713448108	85,046	951,938	SH		SOLE	0	951,938	0	0
Petroleo Brasileiro ADS	ADR	71654V408	386	26,400	SH		SOLE	0	26,400	0	0
Petronas Gas Bhd	Common Stock	S6703972L	534	70,000	SH		SOLE	0	70,000	0	0
PetSmart	Common Stock	716768106	36,870	616,560	SH		SOLE	0	616,560	0	0
Pfizer	Common Stock	717081103	36,697	1,236,417	SH		SOLE	0	1,236,417	0	0
PGE S.A.	Common Stock	SB544PW9L	427	60,000	SH		SOLE	0	60,000	0	0
Philippine Long Distance ADS	ADR	718252604	283	4,200	SH		SOLE	0	4,200	0	0
Phillips 66	Common Stock	718546104	17,966	223,379	SH		SOLE	0	223,379	0	0
PIMCO Commercial Mortgage Secs	Common Stock	69323T101	6	500	SH		SOLE	0	500	0	0
Plum Creek Timber	Common Stock	729251108	494	10,943	SH		SOLE	0	10,943	0	0
PNC Bank	Common Stock	693475105	121	1,355	SH		SOLE	0	1,355	0	0
Potash Corp of Saskatchewan	Common Stock	73755L107	47,579	1,253,401	SH		SOLE	0	1,253,401	0	0
Power Solutions International	Common Stock	73933G202	483	6,708	SH		SOLE	0	6,708	0	0
PPG Industries	Common Stock	693506107	42,030	200,000	SH		SOLE	0	200,000	0	0
Prada ADR	ADR	73942H100	97	6,900	SH		SOLE	0	6,900	0	0
Praxair	Common Stock	74005P104	29,467	221,825	SH		SOLE	0	221,825	0	0
Procter & Gamble	Common Stock	742718109	32,211	409,862	SH		SOLE	0	409,862	0	0
Public Storage International	Common Stock	74460D109	77	450	SH		SOLE	0	450	0	0
Qualcomm	Common Stock	747525103	65,990	833,209	SH		SOLE	0	833,209	0	0
Quimica y Minera Chile ADS	ADR	833635105	1,671	57,000	SH		SOLE	0	57,000	0	0
Raymond James Financial	Common Stock	754730109	282	5,568	SH		SOLE	0	5,568	0	0
Raytheon	Common Stock	755111507	41	444	SH		SOLE	0	444	0	0
Regal-Beloit	Common Stock	758750103	26,208	333,600	SH		SOLE	0	333,600	0	0
Regions Financial	Common Stock	7591EP100	14	1,329	SH		SOLE	0	1,329	0	0
Reitmans (Canada) Ltd - A	Common Stock	759404957	98	17,400	SH		SOLE	0	17,400	0	0
Richter Gedeon	Common Stock	S4042387L	384	20,000	SH		SOLE	0	20,000	0	0
Rio Tinto PLC ADS	ADR	767204100	414	7,628	SH		SOLE	0	7,628	0	0
Robinson Department Store - NVDR	Common Stock	S6362953L	307	175,000	SH		SOLE	0	175,000	0	0
Rockwell Automation	Common Stock	773903109	40,706	325,230	SH		SOLE	0	325,230	0	0
Royal Dutch Shell ADS	ADR	780259206	239	2,900	SH		SOLE	0	2,900	0	0
RPM International	Common Stock	749685103	8,493	183,900	SH		SOLE	0	183,900	0	0
Sabana Shariah Comp Indl REIT	Common Stock	Y7368R104	804	958,500	SH		SOLE	0	958,500	0	0
Salix Pharmaceuticals	Common Stock	795435106	1,023	8,292	SH		SOLE	0	8,292	0	0
Sanderson Farms	Common Stock	800013104	136	1,400	SH		SOLE	0	1,400	0	0
SanDisk	Common Stock	80004C101	38,723	370,800	SH		SOLE	0	370,800	0	0
Sanofi ADS	ADR	80105N105	2,723	51,212	SH		SOLE	0	51,212	0	0
Santander 10.5% Pfd Series 10	Preferred Stock	E8683R144	103	4,000	SH		SOLE	0	4,000	0	0
SAP SE ADS	ADR	803054204	35,234	457,579	SH		SOLE	0	457,579	0	0
Sasol ADS	ADR	803866300	828	14,000	SH		SOLE	0	14,000	0	0
Schlumberger Ltd	Common Stock	806857108	359	3,045	SH		SOLE	0	3,045	0	0
Semen Indonesia (Persero) Tbk PT	Common Stock	S67952360	446	350,000	SH		SOLE	0	350,000	0	0
Sempra Energy	Common Stock	816851109	224	2,140	SH		SOLE	0	2,140	0	0
Semtech	Common Stock	816850101	35	1,330	SH		SOLE	0	1,330	0	0
Senior Housing PPTYS Trust	Common Stock	81721M109	238	9,800	SH		SOLE	0	9,800	0	0
Shire ADS	ADR	82481r106	7,536	32,000	SH		SOLE	0	32,000	0	0
Sibanye Gold Ltd ADS	ADR	825724206	121	11,000	SH		SOLE	0	11,000	0	0
Simon Property Group	Common Stock	828806109	171	1,026	SH		SOLE	0	1,026	0	0
Singapore Dollar	Common Stock	SGD999996	100	124,400	SH		SOLE	0	124,400	0	0
Singapore Telecom ADR	ADR	82929R304	296	9,600	SH		SOLE	0	9,600	0	0
Sinopharm Group - H	Common Stock	SB3ZVDV0L	692	250,000	SH		SOLE	0	250,000	0	0
SK Telecom ADR	ADR	78440P108	939	36,200	SH		SOLE	0	36,200	0	0
SM Prime Holdings	Common Stock	S6818843L	265	730,000	SH		SOLE	0	730,000	0	0
Southwest Airlines	Common Stock	844741108	27	1,000	SH		SOLE	0	1,000	0	0
SPDR Gold Trust GS	Common Stock	78463V107	43	337	SH		SOLE	0	337	0	0
SPDR S&P Midcap 400 ETF	Common Stock	78467Y107	26	99	SH		SOLE	0	99	0	0
Spectra Energy	Common Stock	847560109	266	6,258	SH		SOLE	0	6,258	0	0
Stage Stores	Common Stock	85254C305	65	3,487	SH		SOLE	0	3,487	0	0
Stanley Black & Decker	Common Stock	854502101	9,137	104,046	SH		SOLE	0	104,046	0	0
Staples	Common Stock	855030102	3	301	SH		SOLE	0	301	0	0
Starbucks	Common Stock	855244109	318	4,107	SH		SOLE	0	4,107	0	0
State Street	Common Stock	857477103	36	528	SH		SOLE	0	528	0	0
Statoil ADS	ADR	85771P102	1,995	64,703	SH		SOLE	0	64,703	0	0
Stericycle	Common Stock	858912108	31	260	SH		SOLE	0	260	0	0
Stryker	Common Stock	863667101	25,319	300,270	SH		SOLE	0	300,270	0	0
Suburban Propane Partners LP	Common Stock	864482104	299	6,500	SH		SOLE	0	6,500	0	0
Sun Hydraulics	Common Stock	866942105	102	2,500	SH		SOLE	0	2,500	0	0
Swire Pac LTD	ADR	870794302	2	169	SH		SOLE	0	169	0	0
Synchronoss Technologies	Common Stock	87157B103	524	15,000	SH		SOLE	0	15,000	0	0
Taiwan Semiconductor ADS	ADR	874039100	59,648	2,788,597	SH		SOLE	0	2,788,597	0	0
Target	Common Stock	87612E106	17	300	SH		SOLE	0	300	0	0
Tata Motors ADS	ADR	876568502	232	5,942	SH		SOLE	0	5,942	0	0
TCW Convertible Securities Fund	Common Stock	872340104	2	375	SH		SOLE	0	375	0	0
Teekay LNG Partners LP	Common Stock	Y8564M105	561	12,150	SH		SOLE	0	12,150	0	0
Telecom New Zealand ADS	ADR	879278208	50	4,266	SH		SOLE	0	4,266	0	0
Telefonica ADS	ADR	879382208	3,037	177,010	SH		SOLE	0	177,010	0	0
Telefonica Brasil S.A. ADS	ADR	87936R106	308	15,000	SH		SOLE	0	15,000	0	0
Telekomunikasi Indonesia ADS	ADR	715684106	1,108	26,600	SH		SOLE	0	26,600	0	0
Telenor ASA	Common Stock	S4732495L	3,300	145,000	SH		SOLE	0	145,000	0	0
Telenor ASA ADR	ADR	87944W105	117	1,706	SH		SOLE	0	1,706	0	0
Telephone & Data Sys 6.625% Pfd	Preferred Stock	879433852	52	2,100	SH		SOLE	0	2,100	0	0
Telstra ADR	ADR	87969N204	197	8,000	SH		SOLE	0	8,000	0	0
Telus	Common Stock	87971M103	8,789	236,000	SH		SOLE	0	236,000	0	0
Tenaris ADR	ADR	88031M109	6,224	132,000	SH		SOLE	0	132,000	0	0
Tiger Brands Ltd	Common Stock	SB0J4PP2L	173	6,000	SH		SOLE	0	6,000	0	0
TJX Companies	Common Stock	872540109	48,316	909,045	SH		SOLE	0	909,045	0	0
Toronto-Dominion Bank	Common Stock	891160509	4,789	93,144	SH		SOLE	0	93,144	0	0
Total ADS	ADR	89151E109	30,822	426,900	SH		SOLE	0	426,900	0	0
Toyota Motor ADS	ADR	892331307	5,111	42,715	SH		SOLE	0	42,715	0	0
Transocean	Common Stock	H8817H100	4	78	SH		SOLE	0	78	0	0
Trimble Navigation	Common Stock	896239100	65,168	1,763,678	SH		SOLE	0	1,763,678	0	0
TripAdvisor, Cl A	Common Stock	896945201	174	1,600	SH		SOLE	0	1,600	0	0
Tupperware	Common Stock	899896104	109	1,300	SH		SOLE	0	1,300	0	0
Turkcell Iletisim Hizmetleri ADS	ADR	900111204	1,170	75,000	SH		SOLE	0	75,000	0	0
Twenty-First Century Fox, A	Common Stock	90130A101	12	330	SH		SOLE	0	330	0	0
Ultralife	Common Stock	903899102	38	10,000	SH		SOLE	0	10,000	0	0
Unilever ADS	ADR	904767704	19,046	420,350	SH		SOLE	0	420,350	0	0
Unilever N.V.	Common Stock	904784709	546	12,484	SH		SOLE	0	12,484	0	0
Union Pacific	Common Stock	907818108	57,418	575,624	SH		SOLE	0	575,624	0	0
United Parcel Service, B	Common Stock	911312106	84,288	821,042	SH		SOLE	0	821,042	0	0
United Technologies	Common Stock	913017109	29,070	251,797	SH		SOLE	0	251,797	0	0
UnitedHealth Group	Common Stock	91324P102	387	4,730	SH		SOLE	0	4,730	0	0
Vale ADS	ADR	91912E105	959	72,500	SH		SOLE	0	72,500	0	0
Valmont Industries	Common Stock	920253101	908	5,973	SH		SOLE	0	5,973	0	0
VCA Inc.	Common Stock	918194101	22,068	628,900	SH		SOLE	0	628,900	0	0
Verizon Communications	Common Stock	92343V104	3,293	67,300	SH		SOLE	0	67,300	0	0
VF Corp	Common Stock	918204108	756	12,000	SH		SOLE	0	12,000	0	0
Vodafone Group ADS	ADR	92857W308	1,575	47,166	SH		SOLE	0	47,166	0	0
W.W. Grainger	Common Stock	384802104	38,588	151,760	SH		SOLE	0	151,760	0	0
Walgreen	Common Stock	931422109	133	1,794	SH		SOLE	0	1,794	0	0
Washington Prime Group Inc	Common Stock	939647103	10	513	SH		SOLE	0	513	0	0
Waste Connections	Common Stock	941053100	24	496	SH		SOLE	0	496	0	0
Weatherford International	Common Stock	G48833100	59	2,580	SH		SOLE	0	2,580	0	0
Wells Fargo & Co	Common Stock	949746101	122	2,315	SH		SOLE	0	2,315	0	0
Western Digital	Common Stock	958102105	1,851	20,059	SH		SOLE	0	20,059	0	0
Whistler Blackcomb Holdings	Common Stock	96336D955	200	12,000	SH		SOLE	0	12,000	0	0
Whiting Petroleum	Common Stock	966387102	904	11,270	SH		SOLE	0	11,270	0	0
Williams Companies	Common Stock	969457100	204	3,500	SH		SOLE	0	3,500	0	0
Wolters Kluwer NV	Common Stock	S5671519L	5,331	180,000	SH		SOLE	0	180,000	0	0
Wolverine World Wide	Common Stock	978097103	27	1,034	SH		SOLE	0	1,034	0	0
Worthington Industries	Common Stock	981811102	65	1,500	SH		SOLE	0	1,500	0	0
Wright Express Corp	Common Stock	96208T104	34	322	SH		SOLE	0	322	0	0
Xcel Energy	Common Stock	98389B100	6	172	SH		SOLE	0	172	0	0
Xilinx	Common Stock	983919101	28,917	611,219	SH		SOLE	0	611,219	0	0
Zebra Technologies, Cl A	Common Stock	989207105	67	817	SH		SOLE	0	817	0	0
Zimmer	Common Stock	98956P102	90	870	SH		SOLE	0	870	0	0