Ninety One UK 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 Stock	88579Y101	79,729	485,204	SH		SOLE	1	485,204	0	0
ABBVIE INC	Common Stock	00287Y109	14,934	228,204	SH		SOLE	1	228,204	0	0
ABERCROMBIE & FITCH CO	Common Stock	002896207	1,213	42,356	SH		SOLE	1	42,356	0	0
ACTIVISION BLIZZARD INC	Common Stock	00507V109	238,489	11,519,402	SH		SOLE	1	11,519,402	0	0
ACTUANT CORP	Common Stock	00508X203	23,900	877,382	SH		SOLE	1	877,382	0	0
ADOBE SYSTEMS INC	Common Stock	00724F101	11,680	160,662	SH		SOLE	1	160,662	0	0
AGNICO EAGLE MINES LTD	Common Stock	008474108	9,194	368,205	SH		SOLE	1	368,205	0	0
AGRIUM INC	Common Stock	008916108	9,503	100,330	SH		SOLE	1	100,330	0	0
AIR PRODUCTS & CHEMICALS INC	Common Stock	009158106	984	6,825	SH		SOLE	1	6,825	0	0
ALAMOS GOLD INC	Common Stock	011527108	2,945	410,965	SH		SOLE	1	410,965	0	0
ALASKA AIR GROUP INC	Common Stock	011659109	83,182	1,391,936	SH		SOLE	1	1,391,936	0	0
ALIBABA GROUP HOLDING LTD	ADR	01609W102	27,670	266,218	SH		SOLE	1	266,218	0	0
ALLIANCE DATA SYSTEMS CORP	Common Stock	018581108	184,293	644,268	SH		SOLE	1	644,268	0	0
ALLIED WORLD ASSURANCE CO HOLD	Common Stock	H01531104	76,897	2,027,858	SH		SOLE	1	2,027,858	0	0
ALTRIA GROUP INC	Common Stock	02209S103	114,775	2,329,517	SH		SOLE	1	2,329,517	0	0
AMBEV SA	ADR	02319V103	43,415	6,979,875	SH		SOLE	1	6,979,875	0	0
AMDOCS LTD	Common Stock	G02602103	110,383	2,365,949	SH		SOLE	1	2,365,949	0	0
AMERCIAN INT'L GROUP INC	Common Stock	026874784	234,462	4,186,076	SH		SOLE	1	4,186,076	0	0
AMERICA MOVIL SAB DE CV	ADR	02364W105	1,792	80,800	SH		SOLE	1	80,800	0	0
AMERICAN FINANCIAL GROUP INC/O	Common Stock	025932104	65,358	1,076,384	SH		SOLE	1	1,076,384	0	0
AMERISOURCEBERGEN CORP	Common Stock	03073E105	191,346	2,122,298	SH		SOLE	1	2,122,298	0	0
ANADARKO PETROLEUM CORP	Common Stock	032511107	57,694	699,317	SH		SOLE	1	699,317	0	0
ANDERSONS INC/THE	Common Stock	034164103	4,323	81,353	SH		SOLE	1	81,353	0	0
ANGLOGOLD ASHANTI LTD	ADR	035128206	13,970	1,605,797	SH		SOLE	1	1,605,797	0	0
ANHEUSER-BUSCH INBEV NV	ADR	03524A108	129,842	1,156,000	SH		SOLE	1	1,156,000	0	0
ANTHEM INC	Common Stock	036752103	25,917	206,230	SH		SOLE	1	206,230	0	0
APACHE CORP	Common Stock	037411105	32,237	514,394	SH		SOLE	1	514,394	0	0
APPLE INC	Common Stock	037833100	29,139	263,992	SH		SOLE	1	263,992	0	0
ARCHER-DANIELS-MIDLAND CO	Common Stock	039483102	18,153	349,104	SH		SOLE	1	349,104	0	0
ARRIS GROUP INC	Common Stock	04270V106	91,407	3,027,721	SH		SOLE	1	3,027,721	0	0
ATENTO SA	Common Stock	L0427L105	523	50,000	SH		SOLE	1	50,000	0	0
AVIANCA HOLDINGS SA	ADR	05367G100	15,532	1,324,136	SH		SOLE	1	1,324,136	0	0
AVON PRODUCTS INC	Common Stock	054303102	86,494	9,211,256	SH		SOLE	1	9,211,256	0	0
B2GOLD CORP	Common Stock	11777Q209	6,842	4,171,111	SH		SOLE	1	4,171,111	0	0
BAIDU INC	ADR	056752108	1,330	5,833	SH		SOLE	1	5,833	0	0
BAKER HUGHES INC	Common Stock	057224107	70,535	1,257,990	SH		SOLE	1	1,257,990	0	0
BANCO BRADESCO SA	ADR	059460303	51,890	3,881,104	SH		SOLE	1	3,881,104	0	0
BANK OF AMERICA CORP	Common Stock	060505104	24,776	1,384,922	SH		SOLE	1	1,384,922	0	0
BANK OF NEW YORK MELLON CORP	Common Stock	064058100	13,595	335,097	SH		SOLE	1	335,097	0	0
BARRICK GOLD CORP	Common Stock	067901108	16,601	1,535,823	SH		SOLE	1	1,535,823	0	0
BITAUTO HOLDINGS LTD	ADR	091727107	173	2,454	SH		SOLE	1	2,454	0	0
BROADCOM CORP	Common Stock	111320107	211,633	4,884,213	SH		SOLE	1	4,884,213	0	0
CABOT OIL & GAS CORP	Common Stock	127097103	23,726	801,285	SH		SOLE	1	801,285	0	0
CALIFORNIA RESOURCES CORP	Common Stock	13057Q107	25	4,518	SH		SOLE	1	4,518	0	0
CANADIAN IMPERIAL BANK OF COMM	Common Stock	136069101	145,121	1,683,558	SH		SOLE	1	1,683,558	0	0
CANADIAN NATURAL RESOURCES LTD	Common Stock	136385101	117,709	3,795,571	SH		SOLE	1	3,795,571	0	0
CARDINAL HEALTH INC	Common Stock	14149Y108	81,384	1,008,105	SH		SOLE	1	1,008,105	0	0
CARNIVAL CORP	Common Stock	143658300	31,319	690,921	SH		SOLE	1	690,921	0	0
CASH AMERICA INTERNATIONAL INC	Common Stock	14754D100	19,451	859,920	SH		SOLE	1	859,920	0	0
CBS CORP	Common Stock	124857202	220,431	3,983,208	SH		SOLE	1	3,983,208	0	0
CELANESE CORP	Common Stock	150870103	557	9,289	SH		SOLE	1	9,289	0	0
CEMENTOS PACASMAYO SAA	ADR	15126Q109	1,951	223,758	SH		SOLE	1	223,758	0	0
CEMEX SAB DE CV	ADR	151290889	665	65,300	SH		SOLE	1	65,300	0	0
CENOVUS ENERGY INC	Common Stock	15135U109	21,341	1,031,197	SH		SOLE	1	1,031,197	0	0
CENTURY ALUMINUM CO	Common Stock	156431108	11,735	480,951	SH		SOLE	1	480,951	0	0
CF INDUSTRIES HOLDINGS INC	Common Stock	125269100	8,780	32,215	SH		SOLE	1	32,215	0	0
CHECK POINT SOFTWARE TECHNOLOG	Common Stock	M22465104	110,986	1,412,583	SH		SOLE	1	1,412,583	0	0
CHEMED CORP	Common Stock	16359R103	54,232	513,224	SH		SOLE	1	513,224	0	0
CHESAPEAKE ENERGY CORP	Common Stock	165167107	106,445	5,439,169	SH		SOLE	1	5,439,169	0	0
CHEVRON CORP	Common Stock	166764100	53,331	475,409	SH		SOLE	1	475,409	0	0
CHINA BIOLOGIC PRODUCTS INC	Common Stock	16938C106	1,439	21,409	SH		SOLE	1	21,409	0	0
CIGNA CORP	Common Stock	125509109	189,894	1,845,247	SH		SOLE	1	1,845,247	0	0
CISCO SYSTEMS INC	Common Stock	17275R102	272,914	9,811,735	SH		SOLE	1	9,811,735	0	0
CITIGROUP INC	Common Stock	172967424	425,996	7,872,769	SH		SOLE	1	7,872,769	0	0
COACH INC	Common Stock	189754104	24,147	642,900	SH		SOLE	1	642,900	0	0
COBALT INTERNATIONAL ENERGY IN	Common Stock	19075F106	435	48,921	SH		SOLE	1	48,921	0	0
COLGATE-PALMOLIVE CO	Common Stock	194162103	90,498	1,307,969	SH		SOLE	1	1,307,969	0	0
COMMERCIAL METALS CO	Common Stock	201723103	7,518	461,495	SH		SOLE	1	461,495	0	0
CONOCOPHILLIPS	Common Stock	20825C104	72,980	1,056,761	SH		SOLE	1	1,056,761	0	0
COPA HOLDINGS SA	Common Stock	P31076105	5,593	53,963	SH		SOLE	1	53,963	0	0
CORNING INC	Common Stock	219350105	1,597	69,668	SH		SOLE	1	69,668	0	0
COSAN LTD	Common Stock	G25343107	13,607	1,755,669	SH		SOLE	1	1,755,669	0	0
CREDICORP LTD	Common Stock	G2519Y108	2,291	14,300	SH		SOLE	1	14,300	0	0
CST BRANDS INC	Common Stock	12646R105	0	1	SH		SOLE	1	1	0	0
CUMMINS INC	Common Stock	231021106	1,849	12,827	SH		SOLE	1	12,827	0	0
DANA HOLDING CORP	Common Stock	235825205	58,886	2,708,631	SH		SOLE	1	2,708,631	0	0
DANAHER CORP	Common Stock	235851102	63,420	739,940	SH		SOLE	1	739,940	0	0
DEERE & CO	Common Stock	244199105	2,081	23,527	SH		SOLE	1	23,527	0	0
DELEK US HOLDINGS INC	Common Stock	246647101	456	16,729	SH		SOLE	1	16,729	0	0
DIGITAL REALTY TRUST INC	REIT	253868103	14,453	218,000	SH		SOLE	1	218,000	0	0
DIRECTV	Common Stock	25490A309	793	9,143	SH		SOLE	1	9,143	0	0
DOW CHEMICAL CO/THE	Common Stock	260543103	1,924	42,188	SH		SOLE	1	42,188	0	0
DR PEPPER SNAPPLE GROUP INC	Common Stock	26138E109	9	129	SH		SOLE	1	129	0	0
DST SYSTEMS INC	Common Stock	233326107	18,229	193,615	SH		SOLE	1	193,615	0	0
EASTMAN CHEMICAL CO	Common Stock	277432100	979	12,911	SH		SOLE	1	12,911	0	0
EBAY INC	Common Stock	278642103	82,009	1,461,312	SH		SOLE	1	1,461,312	0	0
ECOPETROL SA	ADR	279158109	1,140	66,600	SH		SOLE	1	66,600	0	0
EI DU PONT DE NEMOURS & CO	Common Stock	263534109	2,521	34,092	SH		SOLE	1	34,092	0	0
ELDORADO GOLD CORP	Common Stock	284902103	14,912	2,439,577	SH		SOLE	1	2,439,577	0	0
EMC CORP/MA	Common Stock	268648102	180,749	6,077,610	SH		SOLE	1	6,077,610	0	0
EMERSON ELECTRIC CO	Common Stock	291011104	167,012	2,705,523	SH		SOLE	1	2,705,523	0	0
ENOVA INTERNATIONAL INC	Common Stock	29357K103	17,514	786,780	SH		SOLE	1	786,780	0	0
EOG RESOURCES INC	Common Stock	26875P101	44,158	479,616	SH		SOLE	1	479,616	0	0
EROS INTERNATIONAL PLC	Common Stock	G3788M114	14,389	680,000	SH		SOLE	1	680,000	0	0
EXXON MOBIL CORP	Common Stock	30231G102	68,121	736,838	SH		SOLE	1	736,838	0	0
FACEBOOK INC	Common Stock	30303M102	4,185	53,638	SH		SOLE	1	53,638	0	0
FACTSET RESEARCH SYSTEMS INC	Common Stock	303075105	73,581	522,776	SH		SOLE	1	522,776	0	0
FIDELITY NATIONAL INFORMATION	Common Stock	31620M106	14,284	229,641	SH		SOLE	1	229,641	0	0
FIRST AMERICAN FINANCIAL CORP	Common Stock	31847R102	88,938	2,623,540	SH		SOLE	1	2,623,540	0	0
FISERV INC	Common Stock	337738108	139,561	1,966,468	SH		SOLE	1	1,966,468	0	0
FOMENTO ECONOMICO MEXICANO SAB	ADR	344419106	634	7,200	SH		SOLE	1	7,200	0	0
FOSSIL GROUP INC	Common Stock	34988V106	89,156	805,088	SH		SOLE	1	805,088	0	0
FRANCO-NEVADA CORP	Common Stock	351858105	19,289	390,521	SH		SOLE	1	390,521	0	0
GAP INC/THE	Common Stock	364760108	148,160	3,518,393	SH		SOLE	1	3,518,393	0	0
GARMIN LTD	Common Stock	H2906T109	78,440	1,484,769	SH		SOLE	1	1,484,769	0	0
GENERAL ELECTRIC CO	Common Stock	369604103	12,324	487,692	SH		SOLE	1	487,692	0	0
GOLD FIELDS	ADR	38059T106	17,801	3,929,603	SH		SOLE	1	3,929,603	0	0
GOLDCORP INC	Common Stock	380956409	18,752	1,012,520	SH		SOLE	1	1,012,520	0	0
GOLDMAN SACHS GROUP INC/THE	Common Stock	38141G104	265,331	1,368,886	SH		SOLE	1	1,368,886	0	0
GOOGLE INC	Common Stock	38259P508	7,689	14,489	SH		SOLE	1	14,489	0	0
GOOGLE INC	Common Stock	38259P706	364	692	SH		SOLE	1	692	0	0
GRAHAM HOLDINGS CO	Common Stock	384637104	27,391	31,713	SH		SOLE	1	31,713	0	0
GRAN TIERRA ENERGY INC	Common Stock	38500T101	414	107,605	SH		SOLE	1	107,605	0	0
GRANA Y MONTERO SA	ADR	38500P208	245	19,374	SH		SOLE	1	19,374	0	0
GRUPO AEROPORTUARIO DEL SUREST	ADR	40051E202	7,256	55,035	SH		SOLE	1	55,035	0	0
GRUPO AVAL ACCIONES Y VALORES	ADR	40053W101	220	21,200	SH		SOLE	1	21,200	0	0
HALLIBURTON CO	Common Stock	406216101	17,924	455,730	SH		SOLE	1	455,730	0	0
HELIX ENERGY SOLUTIONS GROUP I	Common Stock	42330P107	18,071	832,769	SH		SOLE	1	832,769	0	0
HELMERICH & PAYNE INC	Common Stock	423452101	60,352	895,172	SH		SOLE	1	895,172	0	0
HESS CORP	Common Stock	42809H107	228,173	3,090,930	SH		SOLE	1	3,090,930	0	0
HEWLETT-PACKARD CO	Common Stock	428236103	261,268	6,510,540	SH		SOLE	1	6,510,540	0	0
HOME DEPOT INC/THE	Common Stock	437076102	11,452	109,098	SH		SOLE	1	109,098	0	0
ICICI BANK LTD	ADR	45104G104	1,951	168,960	SH		SOLE	1	168,960	0	0
IDEX CORP	Common Stock	45167R104	96,311	1,237,295	SH		SOLE	1	1,237,295	0	0
ILLINOIS TOOL WORKS INC	Common Stock	452308109	12,054	127,287	SH		SOLE	1	127,287	0	0
INTERDIGITAL INC/PA	Common Stock	45867G101	12,655	239,231	SH		SOLE	1	239,231	0	0
INTERNATIONAL BUSINESS MACHINE	Common Stock	459200101	8,218	51,219	SH		SOLE	1	51,219	0	0
INTERNATIONAL SPEEDWAY CORP	Common Stock	460335201	23,573	744,816	SH		SOLE	1	744,816	0	0
INTERPUBLIC GROUP OF COS INC/T	Common Stock	460690100	21,718	1,045,658	SH		SOLE	1	1,045,658	0	0
INTUIT INC	Common Stock	461202103	35,906	389,476	SH		SOLE	1	389,476	0	0
IPATH MSCI INDIA INDEX ETN	ETP	06739F291	6,557	94,084	SH		SOLE	1	94,084	0	0
IPATH S&P 500 VIX SHORT-TERM F	ETP	06742E711	373	11,828	SH		SOLE	1	11,828	0	0
ISHARES CORE S&P 500 ETF	ETP	464287200	4,386	21,200	SH		SOLE	1	21,200	0	0
ISHARES IBOXX $ INVESTMENT GRA	ETP	464287242	12,649	105,927	SH		SOLE	1	105,927	0	0
ISHARES MSCI ACWI ETF	ETP	464288257	11,336	193,772	SH		SOLE	1	193,772	0	0
ISHARES MSCI INDIA ETF	ETP	46429B598	9,651	320,718	SH		SOLE	1	320,718	0	0
ISHARES MSCI POLAND CAPPED ETF	ETP	46429B606	181	7,500	SH		SOLE	1	7,500	0	0
ISHARES MSCI QATAR CAPPED ETF	ETP	46434V779	2,738	116,202	SH		SOLE	1	116,202	0	0
ISHARES MSCI SOUTH KOREA CAPPE	ETP	464286772	1,045	18,896	SH		SOLE	1	18,896	0	0
ISHARES MSCI TAIWAN ETF	ETP	464286731	1,161	76,813	SH		SOLE	1	76,813	0	0
ISHARES MSCI TURKEY ETF	ETP	464286715	179	3,295	SH		SOLE	1	3,295	0	0
ITAU UNIBANCO HOLDING SA	ADR	465562106	203,009	15,604,121	SH		SOLE	1	15,604,121	0	0
JAZZ PHARMACEUTICALS PLC	Common Stock	G50871105	38,207	233,357	SH		SOLE	1	233,357	0	0
JC PENNEY CO INC	Common Stock	708160106	3,800	586,405	SH		SOLE	1	586,405	0	0
JD.COM INC	ADR	47215P106	1,474	63,700	SH		SOLE	1	63,700	0	0
JOHNSON & JOHNSON	Common Stock	478160104	262,468	2,509,980	SH		SOLE	1	2,509,980	0	0
JONES LANG LASALLE INC	Common Stock	48020Q107	147,703	985,142	SH		SOLE	1	985,142	0	0
KEY ENERGY SERVICES INC	Common Stock	492914106	490	293,532	SH		SOLE	1	293,532	0	0
KINROSS GOLD CORP	Common Stock	496902404	24,713	8,774,139	SH		SOLE	1	8,774,139	0	0
LAREDO PETROLEUM INC	Common Stock	516806106	14,400	1,391,297	SH		SOLE	1	1,391,297	0	0
LEUCADIA NATIONAL CORP	Common Stock	527288104	16,016	714,345	SH		SOLE	1	714,345	0	0
LINCOLN NATIONAL CORP	Common Stock	534187109	141,339	2,450,820	SH		SOLE	1	2,450,820	0	0
LORILLARD INC	Common Stock	544147101	120,005	1,906,665	SH		SOLE	1	1,906,665	0	0
LYONDELLBASELL INDUSTRIES NV	Common Stock	N53745100	1,223	15,400	SH		SOLE	1	15,400	0	0
MACY'S INC	Common Stock	55616P104	211,210	3,212,308	SH		SOLE	1	3,212,308	0	0
MARATHON OIL CORP	Common Stock	565849106	181,082	6,400,910	SH		SOLE	1	6,400,910	0	0
MARATHON PETROLEUM CORP	Common Stock	56585A102	147,993	1,639,628	SH		SOLE	1	1,639,628	0	0
MARKET VECTORS GOLD MINERS ETF	ETP	57060U100	13,700	745,401	SH		SOLE	1	745,401	0	0
MARSH & MCLENNAN COS INC	Common Stock	571748102	13,634	238,191	SH		SOLE	1	238,191	0	0
MCGRAW HILL FINANCIAL INC	Common Stock	580645109	10,257	115,268	SH		SOLE	1	115,268	0	0
MDC HOLDINGS INC	Common Stock	552676108	23,948	904,730	SH		SOLE	1	904,730	0	0
MEDNAX INC	Common Stock	58502B106	67,079	1,014,655	SH		SOLE	1	1,014,655	0	0
MEDTRONIC PLC	Common Stock	585055106	195,038	2,701,351	SH		SOLE	1	2,701,351	0	0
MERCK & CO INC	Common Stock	58933Y105	23,652	416,477	SH		SOLE	1	416,477	0	0
METLIFE INC	Common Stock	59156R108	222,801	4,119,077	SH		SOLE	1	4,119,077	0	0
MICRON TECHNOLOGY INC	Common Stock	595112103	6,132	175,153	SH		SOLE	1	175,153	0	0
MICROSOFT CORP	Common Stock	594918104	586,447	12,625,336	SH		SOLE	1	12,625,336	0	0
MOLSON COORS BREWING CO	Common Stock	60871R209	67,703	908,526	SH		SOLE	1	908,526	0	0
MONDELEZ INTERNATIONAL INC	Common Stock	609207105	3,240	89,201	SH		SOLE	1	89,201	0	0
MONSANTO CO	Common Stock	61166W101	15,396	128,868	SH		SOLE	1	128,868	0	0
MOODY'S CORP	Common Stock	615369105	322,639	3,367,487	SH		SOLE	1	3,367,487	0	0
MOSAIC CO/THE	Common Stock	61945C103	15,107	330,930	SH		SOLE	1	330,930	0	0
MOTOROLA SOLUTIONS INC	Common Stock	620076307	25,769	384,154	SH		SOLE	1	384,154	0	0
MYLAN INC/PA	Common Stock	628530107	256,378	4,548,113	SH		SOLE	1	4,548,113	0	0
NETEASE INC	ADR	64110W102	115,295	1,162,953	SH		SOLE	1	1,162,953	0	0
NEW GOLD INC	Common Stock	644535106	4,956	1,152,766	SH		SOLE	1	1,152,766	0	0
NEWMONT MINING CORP	Common Stock	651639106	42,666	2,257,468	SH		SOLE	1	2,257,468	0	0
NIKE INC	Common Stock	654106103	24,747	257,375	SH		SOLE	1	257,375	0	0
NOBLE ENERGY INC	Common Stock	655044105	25,577	539,251	SH		SOLE	1	539,251	0	0
NORTHERN TRUST CORP	Common Stock	665859104	24,747	367,165	SH		SOLE	1	367,165	0	0
NXP SEMICONDUCTOR NV	Common Stock	N6596X109	246,913	3,231,838	SH		SOLE	1	3,231,838	0	0
OASIS PETROLEUM INC	Common Stock	674215108	15,155	916,267	SH		SOLE	1	916,267	0	0
OCCIDENTAL PETROLEUM CORP	Common Stock	674599105	125,157	1,552,619	SH		SOLE	1	1,552,619	0	0
ON SEMICONDUCTOR CORP	Common Stock	682189105	145,677	14,380,772	SH		SOLE	1	14,380,772	0	0
ORACLE CORP	Common Stock	68389X105	2,282	50,747	SH		SOLE	1	50,747	0	0
OSHKOSH CORP	Common Stock	688239201	107,169	2,202,839	SH		SOLE	1	2,202,839	0	0
PARKER DRILLING CO	Common Stock	701081101	275	89,583	SH		SOLE	1	89,583	0	0
PATTERSON-UTI ENERGY INC	Common Stock	703481101	12,114	730,210	SH		SOLE	1	730,210	0	0
PEPSICO INC	Common Stock	713448108	267,264	2,826,404	SH		SOLE	1	2,826,404	0	0
PETROLEO BRASILEIRO SA	ADR	71654V101	15,337	2,023,374	SH		SOLE	1	2,023,374	0	0
PFIZER INC	Common Stock	717081103	245,014	7,865,611	SH		SOLE	1	7,865,611	0	0
PHILIP MORRIS INTERNATIONAL IN	Common Stock	718172109	97,394	1,195,758	SH		SOLE	1	1,195,758	0	0
PHILLIPS 66	Common Stock	718546104	54,742	763,481	SH		SOLE	1	763,481	0	0
PLATINUM GROUP METALS LTD	Common Stock	72765Q205	9,191	19,355,640	SH		SOLE	1	19,355,640	0	0
POPULAR INC	Common Stock	733174700	130,622	3,638,200	SH		SOLE	1	3,836,200	0	0
POTASH CORP OF SASKATCHEWAN IN	Common Stock	73755L107	28,080	795,010	SH		SOLE	1	795,010	0	0
PPG INDUSTRIES INC	Common Stock	693506107	1,398	6,050	SH		SOLE	1	6,050	0	0
PRAXAIR INC	Common Stock	74005P104	1,040	8,026	SH		SOLE	1	8,026	0	0
PRECISION CASTPARTS CORP	Common Stock	740189105	80,932	335,985	SH		SOLE	1	335,985	0	0
PRECISION DRILLING CORP	Common Stock	74022D308	12,349	2,026,024	SH		SOLE	1	2,026,024	0	0
PRICELINE GROUP INC/THE	Common Stock	741503403	55,513	48,687	SH		SOLE	1	48,687	0	0
PRIMERO MINING CORP	Common Stock	74164W106	3,374	874,297	SH		SOLE	1	874,297	0	0
PROCTER & GAMBLE CO/THE	Common Stock	742718109	55,766	612,213	SH		SOLE	1	612,213	0	0
PUBLIC SERVICE ENTERPRISE GROU	Common Stock	744573106	105,056	2,536,966	SH		SOLE	1	2,536,966	0	0
QIHOO 360 TECHNOLOGY CO LTD	ADR	74734M109	37,486	654,667	SH		SOLE	1	654,667	0	0
QUALCOMM INC	Common Stock	747525103	99,797	1,342,611	SH		SOLE	1	1,342,611	0	0
QUEST DIAGNOSTICS INC	Common Stock	74834L100	117,435	1,751,194	SH		SOLE	1	1,751,194	0	0
REYNOLDS AMERICAN INC	Common Stock	761713106	15,634	243,249	SH		SOLE	1	243,249	0	0
RIO ALTO MINING LTD	Common Stock	76689T104	3,088	1,268,443	SH		SOLE	1	1,268,443	0	0
ROCKWELL AUTOMATION INC	Common Stock	773903109	2,318	20,849	SH		SOLE	1	20,849	0	0
Royal Gold Inc	Common Stock	780287108	9,548	152,285	SH		SOLE	1	152,285	0	0
SANCHEZ ENERGY CORP	Common Stock	79970Y105	16,768	1,804,944	SH		SOLE	1	1,804,944	0	0
SANDERSON FARMS INC	Common Stock	800013104	4	42	SH		SOLE	1	42	0	0
SCHLUMBERGER LTD	Common Stock	806857108	36,041	421,976	SH		SOLE	1	421,976	0	0
SEAGATE TECHNOLOGY PLC	Common Stock	G7945M107	95,774	1,440,216	SH		SOLE	1	1,440,216	0	0
SERVICEMASTER GLOBAL HOLDINGS	Common Stock	81761R109	4,272	159,551	SH		SOLE	1	159,551	0	0
SESA STERLITE LTD	ADR	78413F103	1,560	114,900	SH		SOLE	1	114,900	0	0
SHAW COMMUNICATIONS INC	Common Stock	82028K200	9,473	349,981	SH		SOLE	1	349,981	0	0
SIGNET JEWELERS LTD	Common Stock	G81276100	11,394	86,950	SH		SOLE	1	86,950	0	0
SILVER WHEATON CORP	Common Stock	828336107	7,774	382,388	SH		SOLE	1	382,388	0	0
SK TELECOM CO LTD SPON ADR	ADR	78440P108	648	24,000	SH		SOLE	1	24,000	0	0
SKYLINE CORP	Common Stock	830830105	586	144,620	SH		SOLE	1	144,620	0	0
SM ENERGY CO	Common Stock	78454L100	38,014	985,341	SH		SOLE	1	985,341	0	0
SOCIEDAD QUIMICA Y MINERA DE C	ADR	833635105	625	26,174	SH		SOLE	1	26,174	0	0
SODASTREAM INTERNATIONAL LTD	Common Stock	M9068E105	10,030	498,500	SH		SOLE	1	498,500	0	0
SOUTHWEST AIRLINES CO	Common Stock	844741108	142,841	3,375,253	SH		SOLE	1	3,375,253	0	0
SOUTHWESTERN ENERGY CO	Common Stock	845467109	23,644	866,400	SH		SOLE	1	866,400	0	0
ST JUDE MEDICAL INC	Common Stock	790849103	169,398	2,604,912	SH		SOLE	1	2,604,912	0	0
STAPLES INC	Common Stock	855030102	36,422	2,010,017	SH		SOLE	1	2,010,017	0	0
SUNCOR ENERGY INC	Common Stock	867224107	85,732	2,691,047	SH		SOLE	1	2,691,047	0	0
SUPERIOR ENERGY SERVICES INC	Common Stock	868157108	469	23,273	SH		SOLE	1	23,273	0	0
SYMANTEC CORP	Common Stock	871503108	885	34,484	SH		SOLE	1	34,484	0	0
SYNNEX CORP	Common Stock	87162W100	37,892	484,796	SH		SOLE	1	484,796	0	0
TAHOE RESOURCES INC	Common Stock	873868103	2,638	189,203	SH		SOLE	1	189,203	0	0
TAIWAN SEMICONDUCTOR MANUFACTU	ADR	874039100	72,192	3,228,738	SH		SOLE	1	3,225,738	0	0
TAL EDUCATION GROUP	ADR	874080104	947	33,700	SH		SOLE	1	33,700	0	0
TATA MOTORS LTD	ADR	876568502	2,516	59,510	SH		SOLE	1	59,510	0	0
TE CONNECTIVITY LTD	Common Stock	H84989104	1,550	24,509	SH		SOLE	1	24,509	0	0
TECHNOLOGY SELECT SECTOR SPDR	ETP	81369Y803	460	11,117	SH		SOLE	1	11,117	0	0
TERNIUM SA	ADR	880890108	19,663	1,114,687	SH		SOLE	1	1,114,687	0	0
TEVA PHARMACEUTICAL INDUSTRIES	ADR	881624209	33,385	580,520	SH		SOLE	1	580,520	0	0
THERMO FISHER SCIENTIFIC INC	Common Stock	883556102	204,937	1,635,707	SH		SOLE	1	1,635,707	0	0
TIME INC	Common Stock	887228104	47,763	1,940,804	SH		SOLE	1	1,940,804	0	0
TIME WARNER INC	Common Stock	887317303	13,424	157,152	SH		SOLE	1	157,152	0	0
TOWERS WATSON & CO	Common Stock	891894107	77,199	682,148	SH		SOLE	1	682,148	0	0
TRANSGLOBE ENERGY CORP	Common Stock	893662106	410	98,545	SH		SOLE	1	98,545	0	0
TURKCELL ILETISIM HIZMETLERI A	ADR	900111204	209	13,805	SH		SOLE	1	13,805	0	0
TWENTY-FIRST CENTURY FOX INC	Common Stock	90130A101	107,183	2,790,859	SH		SOLE	1	2,790,859	0	0
TYSON FOODS INC	Common Stock	902494103	83,986	2,094,950	SH		SOLE	1	2,094,950	0	0
ULTRAPAR PARTICIPACOES SA	ADR	90400P101	805	42,200	SH		SOLE	1	42,200	0	0
UNION PACIFIC CORP	Common Stock	907818108	36,429	305,790	SH		SOLE	1	305,790	0	0
UNITED TECHNOLOGIES CORP	Common Stock	913017109	119,854	1,042,203	SH		SOLE	1	1,042,203	0	0
UNITEDHEALTH GROUP INC	Common Stock	91324P102	235,886	2,333,431	SH		SOLE	1	2,333,431	0	0
US SILICA HOLDINGS INC	Common Stock	90346E103	13,295	517,531	SH		SOLE	1	517,531	0	0
VALEANT PHARMACEUTICALS INTERN	Common Stock	91911K102	227,126	1,587,032	SH		SOLE	1	1,587,032	0	0
VALERO ENERGY CORP	Common Stock	91913Y100	229,660	4,639,614	SH		SOLE	1	4,639,614	0	0
VANTIV INC	Common Stock	92210H105	188,782	5,565,488	SH		SOLE	1	5,565,488	0	0
VENTAS INC	REIT	92276F100	14,454	201,583	SH		SOLE	1	201,583	0	0
VERIZON COMMUNICATIONS INC	Common Stock	92343V104	18,800	401,883	SH		SOLE	1	401,883	0	0
VF CORP	Common Stock	918204108	130,106	1,737,051	SH		SOLE	1	1,737,051	0	0
VIACOM INC	Common Stock	92553P201	11,950	158,808	SH		SOLE	1	158,808	0	0
VISA INC	Common Stock	92826C839	102,282	390,090	SH		SOLE	1	390,090	0	0
VISTEON CORP	Common Stock	92839U206	59,589	557,633	SH		SOLE	1	557,633	0	0
WAL-MART STORES INC	Common Stock	931142103	33,616	391,435	SH		SOLE	1	391,435	0	0
WASHINGTON FEDERAL INC	Common Stock	938824109	46,294	2,090,006	SH		SOLE	1	2,090,006	0	0
WEATHERFORD INTERNATIONAL PLC	Common Stock	G48833100	10,041	876,908	SH		SOLE	1	876,908	0	0
WEIGHT WATCHERS INTERNATIONAL	Common Stock	948626106	11,888	478,593	SH		SOLE	1	478,593	0	0
WESTERN UNION CO/THE	Common Stock	959802109	32,650	1,822,987	SH		SOLE	1	1,822,987	0	0
WHITING PETROLEUM CORP	Common Stock	966387102	106,334	3,222,246	SH		SOLE	1	3,222,246	0	0
WUXI PHARMATECH CAYMAN INC	ADR	929352102	78,846	2,341,716	SH		SOLE	1	2,341,716	0	0
XEROX CORP	Common Stock	984121103	67,999	4,906,110	SH		SOLE	1	4,906,110	0	0
XYLEM INC/NY	Common Stock	98419M100	34,382	903,118	SH		SOLE	1	903,118	0	0
YAMANA GOLD INC	Common Stock	98462Y100	4,893	1,208,506	SH		SOLE	1	1,208,506	0	0
ZIMMER HOLDINGS INC	Common Stock	98956P102	250,038	2,204,531	SH		SOLE	1	2,204,531	0	0
ZOETIS INC	Common Stock	98978V103	361	8,401	SH		SOLE	1	8,401	0	0