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 |
Agco Corporation US$0.01 | COM | 001084102 | 11,116 | 197,730 | SH | | SOLE | | 197,730 | 0 | 0 |
Alcoa Inc Com US$1.00 | COM | 013817101 | 17,698 | 1,188,600 | SH | | SOLE | | 1,188,600 | 0 | 0 |
Altria Group Inc Com US$0.3333 | COM | 02209S103 | 3,460 | 82,500 | SH | | SOLE | | 82,500 | 0 | 0 |
Amazon.com Inc Com US$0.01 | COM | 02209S103 | 16,522 | 50,870 | SH | | SOLE | | 50,870 | 0 | 0 |
AmBev CIA ADR | Sponsored ADR | 02319V103 | 271 | 38,500 | SH | | SOLE | | 38,500 | 0 | 0 |
American Express Co Com US$0.20 | COM | 025816109 | 68,985 | 727,155 | SH | | SOLE | | 727,155 | 0 | 0 |
American Tower Corporation Com US$0.01 | COM | 03027X100 | 7,212 | 80,155 | SH | | SOLE | | 80,155 | 0 | 0 |
Ametek Inc Com US$0.01 | COM | 031100100 | 8,418 | 161,020 | SH | | SOLE | | 161,020 | 0 | 0 |
Amgen Inc Com US$0.0001 | COM | 031162100 | 2,269 | 19,170 | SH | | SOLE | | 19,170 | 0 | 0 |
Apache Corporation Com US$1.25 | COM | 037411105 | 3,004 | 29,850 | SH | | SOLE | | 29,850 | 0 | 0 |
Apple Inc Com | COM | 037833100 | 24,820 | 267,079 | SH | | SOLE | | 267,079 | 0 | 0 |
Avnet Inc | COM | 053807103 | 40,845 | 921,797 | SH | | SOLE | | 921,797 | 0 | 0 |
B/E Aerospace Inc Com US$0.01 | COM | 073302101 | 13,479 | 145,730 | SH | | SOLE | | 145,730 | 0 | 0 |
Banco Bradesco SA SPON ADR Rep 1 Pref | SP ADR PFD NEW | 059460303 | 1,746 | 120,243 | SH | | SOLE | | 120,243 | 0 | 0 |
Bank of America Com US$0.01 | COM | 060505104 | 6,129 | 398,734 | SH | | SOLE | | 398,734 | 0 | 0 |
Berkshire Hathaway 'B' Com US$0.1667 | CL B NEW | 084670702 | 48,333 | 381,898 | SH | | SOLE | | 381,898 | 0 | 0 |
Boeing Co Com US$5.00 | COM | 097023105 | 32,405 | 254,695 | SH | | SOLE | | 254,695 | 0 | 0 |
Brunswick Cap Ltd US$0.01 | COM | 117043109 | 580 | 252,343 | SH | | SOLE | | 252,343 | 0 | 0 |
Bunge Ltd Com US$0.01 | COM | G16962105 | 1,912 | 25,273 | SH | | SOLE | | 25,273 | 0 | 0 |
Cadiz Inc Com US$0.01 | COM NEW | 127537207 | 2,980 | 357,750 | SH | | SOLE | | 357,750 | 0 | 0 |
Carnival Corporation Com US$0.01 | ADR | 14365C103 | 3,107 | 82,511 | SH | | SOLE | | 82,511 | 0 | 0 |
Chubb Corporation Com US$1.00 | COM | 171232101 | 1,029 | 11,160 | SH | | SOLE | | 11,160 | 0 | 0 |
Cisco Systems Com US$0.001 | COM | 17275R102 | 2,197 | 88,400 | SH | | SOLE | | 88,400 | 0 | 0 |
Citigroup Inc Com US$0.01 | COM NEW | 172967424 | 1,124 | 23,868 | SH | | SOLE | | 23,868 | 0 | 0 |
Coca-Cola Com US$0.25 | COM | 191216100 | 492 | 11,620 | SH | | SOLE | | 11,620 | 0 | 0 |
Colgate-Palmolive Co Com US$1.00 | COM | 194162103 | 84,927 | 1,245,622 | SH | | SOLE | | 1,245,622 | 0 | 0 |
Ctrip.Com International Ltd ADS Each Rep 0.5 Ord US$0.01 | ADS | 22943F100 | 3,785 | 59,100 | SH | | SOLE | | 59,100 | 0 | 0 |
Cummins Inc $2.50 | COM | 231021106 | 105,418 | 683,245 | SH | | SOLE | | 683,245 | 0 | 0 |
DaVita Healthcare Partners Com US$0.001 | COM | 23918K108 | 4,498 | 62,200 | SH | | SOLE | | 62,200 | 0 | 0 |
Deere & Co Com US$1 | COM | 244199105 | 24,587 | 271,535 | SH | | SOLE | | 271,535 | 0 | 0 |
Delta Air Lines Inc Com US$0.0001 | COM NEW | 247361702 | 1,125 | 29,055 | SH | | SOLE | | 29,055 | 0 | 0 |
eBay Inc Com US$0.001 | COM | 278642103 | 948 | 18,930 | SH | | SOLE | | 18,930 | 0 | 0 |
EMC Corporation (Mass) Com US$0.01 | COM | 268648102 | 3,912 | 148,510 | SH | | SOLE | | 148,510 | 0 | 0 |
Emerson Electric Co Com US$0.50 | COM | 291011104 | 3,345 | 50,400 | SH | | SOLE | | 50,400 | 0 | 0 |
EOG Resources Inc | COM | 26875P101 | 4,282 | 36,640 | SH | | SOLE | | 36,640 | 0 | 0 |
Express Scripts HL Com US$0.01 | COM | 30219G108 | 2,205 | 31,810 | SH | | SOLE | | 31,810 | 0 | 0 |
Exxon Mobil Corporation Com | COM | 30231G102 | 8,675 | 86,161 | SH | | SOLE | | 86,161 | 0 | 0 |
Flowers Foods Inc US$0.01 | COM | 343498101 | 6,421 | 304,620 | SH | | SOLE | | 304,620 | 0 | 0 |
Garmin Ltd | SHS | H2906T109 | 36,509 | 599,498 | SH | | SOLE | | 599,498 | 0 | 0 |
General Electric Co of America Com US$0.06 | COM | 369604103 | 31,608 | 1,202,733 | SH | | SOLE | | 1,202,733 | 0 | 0 |
Gilead Sciences Com US$0.001 | COM | 375558103 | 35,152 | 423,979 | SH | | SOLE | | 423,979 | 0 | 0 |
Goldcorp Inc Com | COM | 380956409 | 1,376 | 49,300 | SH | | SOLE | | 49,300 | 0 | 0 |
Goldman Sachs Group Com US$0.01 | COM | 38141G104 | 2,209 | 13,190 | SH | | SOLE | | 13,190 | 0 | 0 |
Google Inc Com US$0.001 'A' | CL A | 38259P508 | 37,448 | 64,050 | SH | | SOLE | | 64,050 | 0 | 0 |
Google Inc Com US$0.001 'C' | CL C | 38259P706 | 35,141 | 61,085 | SH | | SOLE | | 61,085 | 0 | 0 |
Halliburton Com Stock US$2.50 | COM | 406216101 | 26,015 | 366,350 | SH | | SOLE | | 366,350 | 0 | 0 |
Hanover Insurance Group Inc Com US$0.01 | COM | 410867105 | 1,105 | 17,500 | SH | | SOLE | | 17,500 | 0 | 0 |
Helmerich & Payne Inc Com US$0.10 | COM | 423452101 | 16,684 | 143,690 | SH | | SOLE | | 143,690 | 0 | 0 |
Hershey Co (The) Com US$1.00 | COM | 427866108 | 1,072 | 11,010 | SH | | SOLE | | 11,010 | 0 | 0 |
Hess Corporation Com US$1 | COM | 42809H107 | 2,524 | 25,520 | SH | | SOLE | | 25,520 | 0 | 0 |
Home Depot Inc Com US$0.05 | COM | 437076102 | 4,809 | 59,397 | SH | | SOLE | | 59,397 | 0 | 0 |
IDEXX Laboratories Com US$0.10 | COM | 45168D104 | 15,267 | 114,300 | SH | | SOLE | | 114,300 | 0 | 0 |
International Paper Co Com US$1.00 | COM | 460146103 | 11,375 | 225,390 | SH | | SOLE | | 225,390 | 0 | 0 |
iShares MSCI United Kingdom Index ETF | MSCI UK ETF | 464286699 | 242 | 11,600 | SH | | SOLE | | 11,600 | 0 | 0 |
Johnson & Johnson Com US$1.00 | COM | 478160104 | 3,153 | 30,141 | SH | | SOLE | | 30,141 | 0 | 0 |
L Brands Inc US$0.50 | COM | 501797104 | 34,991 | 596,498 | SH | | SOLE | | 596,498 | 0 | 0 |
Lazard Ltd Com 'A' US$0.01 | SHS A | G54050102 | 1,449 | 28,100 | SH | | SOLE | | 28,100 | 0 | 0 |
Marsh & McLennan Cos Inc Com US$1.00 | COM | 571748102 | 28,614 | 552,174 | SH | | SOLE | | 552,174 | 0 | 0 |
Mastercard Inc US$0.0001 Class 'A' | CL A | 57636Q104 | 25,031 | 340,700 | SH | | SOLE | | 340,700 | 0 | 0 |
McDonald's Corporation Com US$0.01 | COM | 580135101 | 3,990 | 39,610 | SH | | SOLE | | 39,610 | 0 | 0 |
Merck & Co Inc Com US$0.50 | COM | 58933Y105 | 1,026 | 17,740 | SH | | SOLE | | 17,740 | 0 | 0 |
Metlife Inc Com US$0.01 | COM | 59156R108 | 3,387 | 60,960 | SH | | SOLE | | 60,960 | 0 | 0 |
Microsoft Corporation Com US$0.0000125 | COM | 594918104 | 81,072 | 1,944,174 | SH | | SOLE | | 1,944,174 | 0 | 0 |
Mondelez Intl Inc Com US$0.01 | CL A | 609207105 | 1,124 | 29,884 | SH | | SOLE | | 29,884 | 0 | 0 |
Monsanto Com US$0.01 | COM | 61166W101 | 2,969 | 23,800 | SH | | SOLE | | 23,800 | 0 | 0 |
MSC Industrial Direct Co | CL A | 553530106 | 10,704 | 111,920 | SH | | SOLE | | 111,920 | 0 | 0 |
National Oilwell Varco Com US$0.01 | COM | 637071101 | 7,199 | 87,419 | SH | | SOLE | | 87,419 | 0 | 0 |
Netease Inc. ADR Rep. 24 Com | SPONSORED ADR | 64110W102 | 5,099 | 65,069 | SH | | SOLE | | 65,069 | 0 | 0 |
Northern Trust Corporation Com US$1.666 | COM | 665859104 | 3,647 | 56,800 | SH | | SOLE | | 56,800 | 0 | 0 |
NOW Inc Com US$0.01 | COM | 67011P100 | 1,004 | 27,721 | SH | | SOLE | | 27,721 | 0 | 0 |
Occidental Petroleum Corp Com US$0.20 USA (Regd) | COM | 674599105 | 5,711 | 55,651 | SH | | SOLE | | 55,651 | 0 | 0 |
Oracle Corporation Com US$0.01 | COM | 68389X105 | 10,676 | 263,400 | SH | | SOLE | | 263,400 | 0 | 0 |
Parker Hannifin Corporation Com Stk US$0.50 | COM | 701094104 | 21,642 | 172,129 | SH | | SOLE | | 172,129 | 0 | 0 |
Pfizer Inc Com US$0.05 | COM | 717081103 | 33,297 | 1,121,868 | SH | | SOLE | | 1,121,868 | 0 | 0 |
Philip Morris International Com | COM | 718172109 | 1,052 | 12,483 | SH | | SOLE | | 12,483 | 0 | 0 |
Praxair Inc Com US$0.01 | COM | 74005P104 | 26,025 | 195,910 | SH | | SOLE | | 195,910 | 0 | 0 |
Procter & Gamble Co Com | COM | 742718109 | 1,290 | 16,420 | SH | | SOLE | | 16,420 | 0 | 0 |
Qualcomm Inc Com US$0.0001 | COM | 747525103 | 45,224 | 571,013 | SH | | SOLE | | 571,013 | 0 | 0 |
Reynolds American Com US$0.0001 | COM | 761713106 | 18,238 | 302,200 | SH | | SOLE | | 302,200 | 0 | 0 |
Salesforce.com Inc Com US$0.001 | COM | 79466L302 | 27,935 | 480,983 | SH | | SOLE | | 480,983 | 0 | 0 |
Schlumberger Com US$0.01 | COM | 806857108 | 6,403 | 54,282 | SH | | SOLE | | 54,282 | 0 | 0 |
Soufun Holdings Ltd ADR Each Rep 1 'A' Ord Shares | ADR | 836034108 | 2,596 | 265,145 | SH | | SOLE | | 265,145 | 0 | 0 |
Spectra Energy Corp Com US$0.001 | COM | 84756N109 | 2,226 | 52,400 | SH | | SOLE | | 52,400 | 0 | 0 |
Tech Data Corp $0.0015 | COM | 878237106 | 7,596 | 121,495 | SH | | SOLE | | 121,495 | 0 | 0 |
Time Warner Inc Com US$0.01 | COM NEW | 887317303 | 43,311 | 616,533 | SH | | SOLE | | 616,533 | 0 | 0 |
Union Pacific Corporation Com US$2.50 | COM | 907818108 | 76,956 | 771,493 | SH | | SOLE | | 771,493 | 0 | 0 |
United Parcel Services 'B' Com US$0.01 | CL B | 911312106 | 20,500 | 199,685 | SH | | SOLE | | 199,685 | 0 | 0 |
United Technologies Corporation Com US$1.00 | COM | 913017109 | 48,615 | 421,090 | SH | | SOLE | | 421,090 | 0 | 0 |
Verizon Communications Com US$0.10 | COM | 92343V104 | 3,270 | 66,826 | SH | | SOLE | | 66,826 | 0 | 0 |
Verizon Communications Com US$0.10 | COM | 92343V104 | 25,807 | 526,671 | SH | | SOLE | | 526,671 | 0 | 0 |
VF Corp Com | COM | 918204108 | 15,469 | 245,540 | SH | | SOLE | | 245,540 | 0 | 0 |
Visa Inc Com Stock US$0.0001 | COM CL A | 92826C839 | 2,665 | 12,650 | SH | | SOLE | | 12,650 | 0 | 0 |
W.W. Grainger Inc. US$0.50 | COM | 384802104 | 5,138 | 20,205 | SH | | SOLE | | 20,205 | 0 | 0 |
Walt Disney Company Disney Com US$0.01 | COM DISNEY | 254687106 | 1,029 | 12,000 | SH | | SOLE | | 12,000 | 0 | 0 |
Wells Fargo & Co Com US$1 2/3 | COM | 949746101 | 20,230 | 384,898 | SH | | SOLE | | 384,898 | 0 | 0 |
WEX Inc | COM | 96208T104 | 9,337 | 88,950 | SH | | SOLE | | 88,950 | 0 | 0 |
Xylem Inc | COM | 98419M100 | 395 | 10,100 | SH | | SOLE | | 10,100 | 0 | 0 |