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	84,611	512,947	SH		SOLE	1	512,947	0	0
ABBVIE INC	Common Stock	00287Y109	14,018	239,454	SH		SOLE	1	239,454	0	0
ABERCROMBIE & FITCH CO	Common Stock	002896207	1,941	88,074	SH		SOLE	1	88,074	0	0
ACTIVISION BLIZZARD INC	Common Stock	00507V109	272,415	11,987,440	SH		SOLE	1	11,987,440	0	0
ADOBE SYSTEMS INC	Common Stock	00724F101	189	2,559	SH		SOLE	1	2,559	0	0
AGNICO EAGLE MINES LTD	Common Stock	008474108	10,868	391,136	SH		SOLE	1	391,136	0	0
AGRIUM INC	Common Stock	008916108	5,495	52,697	SH		SOLE	1	52,697	0	0
AIR PRODUCTS & CHEMICALS INC	Common Stock	009158106	1,379	9,115	SH		SOLE	1	9,115	0	0
ALAMOS GOLD INC	Common Stock	011527108	2,132	363,941	SH		SOLE	1	363,941	0	0
ALASKA AIR GROUP INC	Common Stock	011659109	97,851	1,478,556	SH		SOLE	1	1,478,556	0	0
ALEXANDRIA REAL ESTATE EQUITIE	REIT	015271109	703	7,169	SH		SOLE	1	7,169	0	0
ALLIANCE DATA SYSTEMS CORP	Common Stock	018581108	198,714	670,766	SH		SOLE	1	670,766	0	0
ALLIED WORLD ASSURANCE CO HOLD	Common Stock	H01531104	87,702	2,170,832	SH		SOLE	1	2,170,832	0	0
ALTRIA GROUP INC	Common Stock	02209S103	103,220	2,063,577	SH		SOLE	1	2,063,577	0	0
AMBEV SA	ADR	02319V103	39,167	6,799,845	SH		SOLE	1	6,799,845	0	0
AMDOCS LTD	Common Stock	G02602103	132,035	2,427,119	SH		SOLE	1	2,427,119	0	0
AMERCIAN INT'L GROUP INC	Common Stock	026874784	239,684	4,374,590	SH		SOLE	1	4,374,590	0	0
AMERICA MOVIL SAB DE CV	ADR	02364W105	2,560	125,100	SH		SOLE	1	125,100	0	0
AMERICAN FINANCIAL GROUP INC/O	Common Stock	025932104	73,351	1,143,424	SH		SOLE	1	1,143,424	0	0
AMERISOURCEBERGEN CORP	Common Stock	03073E105	254,458	2,238,565	SH		SOLE	1	2,238,565	0	0
ANADARKO PETROLEUM CORP	Common Stock	032511107	53,875	650,584	SH		SOLE	1	650,584	0	0
ANGLOGOLD ASHANTI LTD	ADR	035128206	14,951	1,600,797	SH		SOLE	1	1,600,797	0	0
ANHEUSER-BUSCH INBEV NV	ADR	03524A108	158,008	1,296,100	SH		SOLE	1	1,296,100	0	0
ANTHEM INC	Common Stock	036752103	29,771	192,803	SH		SOLE	1	192,803	0	0
APACHE CORP	Common Stock	037411105	41,697	691,156	SH		SOLE	1	691,156	0	0
APARTMENT INVESTMENT & MANAGEM	REIT	03748R101	567	14,400	SH		SOLE	1	14,400	0	0
APPLE INC	Common Stock	037833100	141,153	1,134,399	SH		SOLE	1	1,134,399	0	0
ARCHER-DANIELS-MIDLAND CO	Common Stock	039483102	7,420	156,538	SH		SOLE	1	156,538	0	0
ARRIS GROUP INC	Common Stock	04270V106	91,987	3,183,506	SH		SOLE	1	3,183,506	0	0
ATENTO SA	Common Stock	L0427L105	595	50,000	SH		SOLE	1	50,000	0	0
AVALONBAY COMMUNITIES INC	REIT	053484101	979	5,619	SH		SOLE	1	5,619	0	0
AVIANCA HOLDINGS SA	ADR	05367G100	14,657	1,294,819	SH		SOLE	1	1,294,819	0	0
AVON PRODUCTS INC	Common Stock	054303102	72,671	9,095,282	SH		SOLE	1	9,095,282	0	0
B2GOLD CORP	Common Stock	11777Q209	12,608	8,449,015	SH		SOLE	1	8,449,015	0	0
BAKER HUGHES INC	Common Stock	057224107	54,212	852,655	SH		SOLE	1	852,655	0	0
BANCO BRADESCO SA	ADR	059460303	40,089	4,319,889	SH		SOLE	1	4,319,889	0	0
BANCOLOMBIA SA	ADR	05968L102	323	8,200	SH		SOLE	1	8,200	0	0
BANK OF AMERICA CORP	Common Stock	060505104	20,634	1,340,718	SH		SOLE	1	1,340,718	0	0
BANK OF NEW YORK MELLON CORP	Common Stock	064058100	14,566	361,967	SH		SOLE	1	361,967	0	0
BARRICK GOLD CORP	Common Stock	067901108	16,748	1,531,463	SH		SOLE	1	1,531,463	0	0
BOSTON PROPERTIES INC	REIT	101121101	823	5,856	SH		SOLE	1	5,856	0	0
BRIXMOR PROPERTY GROUP INC	REIT	11120U105	450	16,958	SH		SOLE	1	16,958	0	0
BROADCOM CORP	Common Stock	111320107	221,279	5,110,965	SH		SOLE	1	5,110,965	0	0
CABOT OIL & GAS CORP	Common Stock	127097103	25,664	869,088	SH		SOLE	1	869,088	0	0
CANADIAN IMPERIAL BANK OF COMM	Common Stock	136069101	129,673	1,788,618	SH		SOLE	1	1,788,618	0	0
CANADIAN NATURAL RESOURCES LTD	Common Stock	136385101	126,277	4,119,788	SH		SOLE	1	4,119,788	0	0
CARDINAL HEALTH INC	Common Stock	14149Y108	92,946	1,029,646	SH		SOLE	1	1,029,646	0	0
CARNIVAL CORP	Common Stock	143658300	31,294	654,135	SH		SOLE	1	654,135	0	0
CASH AMERICA INTERNATIONAL INC	Common Stock	14754D100	22,978	986,161	SH		SOLE	1	986,161	0	0
CBS CORP	Common Stock	124857202	252,256	4,160,579	SH		SOLE	1	4,160,579	0	0
CEMENTOS PACASMAYO SAA	ADR	15126Q109	1,505	200,658	SH		SOLE	1	200,658	0	0
CEMEX SAB DE CV	ADR	151290889	566	59,800	SH		SOLE	1	59,800	0	0
CENOVUS ENERGY INC	Common Stock	15135U109	19,532	1,158,649	SH		SOLE	1	1,158,649	0	0
CENTURY ALUMINUM CO	Common Stock	156431108	6,387	462,844	SH		SOLE	1	462,844	0	0
CHECK POINT SOFTWARE TECHNOLOG	Common Stock	M22465104	119,629	1,459,425	SH		SOLE	1	1,459,425	0	0
CHEMED CORP	Common Stock	16359R103	63,133	528,754	SH		SOLE	1	528,754	0	0
CHESAPEAKE ENERGY CORP	Common Stock	165167107	81,616	5,763,811	SH		SOLE	1	5,763,811	0	0
CHEVRON CORP	Common Stock	166764100	49,979	476,080	SH		SOLE	1	476,080	0	0
CHINA BIOLOGIC PRODUCTS INC	Common Stock	16938C106	2,066	21,628	SH		SOLE	1	21,628	0	0
CIGNA CORP	Common Stock	125509109	247,948	1,915,540	SH		SOLE	1	1,915,540	0	0
CISCO SYSTEMS INC	Common Stock	17275R102	278,942	10,134,130	SH		SOLE	1	10,134,130	0	0
CITIGROUP INC	Common Stock	172967424	452,643	8,785,777	SH		SOLE	1	8,785,777	0	0
COACH INC	Common Stock	189754104	24,827	599,250	SH		SOLE	1	599,250	0	0
COBALT INTERNATIONAL ENERGY IN	Common Stock	19075F106	471	50,011	SH		SOLE	1	50,011	0	0
COLGATE-PALMOLIVE CO	Common Stock	194162103	99,698	1,437,816	SH		SOLE	1	1,437,816	0	0
CONOCOPHILLIPS	Common Stock	20825C104	57,112	917,310	SH		SOLE	1	917,310	0	0
COPA HOLDINGS SA	Common Stock	P31076105	5,877	58,205	SH		SOLE	1	58,205	0	0
CORNING INC	Common Stock	219350105	3,328	146,716	SH		SOLE	1	146,716	0	0
COSAN LTD	Common Stock	G25343107	10,652	1,682,855	SH		SOLE	1	1,682,855	0	0
CREDICORP LTD	Common Stock	G2519Y108	1,889	13,435	SH		SOLE	1	13,435	0	0
CST BRANDS INC	Common Stock	12646R105	0	1	SH		SOLE	1	1	0	0
CUMMINS INC	Common Stock	231021106	1,778	12,827	SH		SOLE	1	12,827	0	0
DANA HOLDING CORP	Common Stock	235825205	61,023	2,883,904	SH		SOLE	1	2,883,904	0	0
DANAHER CORP	Common Stock	235851102	63,384	746,567	SH		SOLE	1	746,567	0	0
DEERE & CO	Common Stock	244199105	2,063	23,527	SH		SOLE	1	23,527	0	0
DIGITAL REALTY TRUST INC	REIT	253868103	14,881	225,600	SH		SOLE	1	225,600	0	0
DOW CHEMICAL CO/THE	Common Stock	260543103	1,288	26,848	SH		SOLE	1	26,848	0	0
DST SYSTEMS INC	Common Stock	233326107	12,582	113,647	SH		SOLE	1	113,647	0	0
EBAY INC	Common Stock	278642103	90,732	1,573,019	SH		SOLE	1	1,573,019	0	0
ECOLAB INC	Common Stock	278865100	974	8,517	SH		SOLE	1	8,517	0	0
EI DU PONT DE NEMOURS & CO	Common Stock	263534109	1,489	20,832	SH		SOLE	1	20,832	0	0
ELDORADO GOLD CORP	Common Stock	284902103	8,644	1,884,229	SH		SOLE	1	1,884,229	0	0
EMC CORP/MA	Common Stock	268648102	165,429	6,472,172	SH		SOLE	1	6,472,172	0	0
EMERSON ELECTRIC CO	Common Stock	291011104	148,250	2,618,341	SH		SOLE	1	2,618,341	0	0
ENCANA CORP	Common Stock	292505104	9,205	824,514	SH		SOLE	1	824,514	0	0
ENOVA INTERNATIONAL INC	Common Stock	29357K103	16,545	840,250	SH		SOLE	1	840,250	0	0
EOG RESOURCES INC	Common Stock	26875P101	47,540	518,483	SH		SOLE	1	518,483	0	0
EQUITY RESIDENTIAL	REIT	29476L107	955	12,260	SH		SOLE	1	12,260	0	0
ESSEX PROPERTY TRUST INC	REIT	297178105	276	1,200	SH		SOLE	1	1,200	0	0
EXTRA SPACE STORAGE INC	REIT	30225T102	283	4,195	SH		SOLE	1	4,195	0	0
EXXON MOBIL CORP	Common Stock	30231G102	70,956	834,781	SH		SOLE	1	834,781	0	0
FACEBOOK INC	Common Stock	30303M102	12,962	157,661	SH		SOLE	1	157,661	0	0
FACTSET RESEARCH SYSTEMS INC	Common Stock	303075105	90,109	566,013	SH		SOLE	1	566,013	0	0
FIDELITY NATIONAL INFORMATION	Common Stock	31620M106	15,121	222,166	SH		SOLE	1	222,166	0	0
FIRST AMERICAN FINANCIAL CORP	Common Stock	31847R102	75,545	2,117,296	SH		SOLE	1	2,117,296	0	0
FIRST SOLAR INC	Common Stock	336433107	10,843	181,358	SH		SOLE	1	181,358	0	0
FISERV INC	Common Stock	337738108	162,490	2,046,471	SH		SOLE	1	2,046,471	0	0
FOSSIL GROUP INC	Common Stock	34988V106	70,481	854,829	SH		SOLE	1	854,829	0	0
FRANCO-NEVADA CORP	Common Stock	351858105	20,099	414,726	SH		SOLE	1	414,726	0	0
GAP INC/THE	Common Stock	364760108	161,094	3,717,834	SH		SOLE	1	3,717,834	0	0
GARMIN LTD	Common Stock	H2906T109	77,009	1,620,568	SH		SOLE	1	1,620,568	0	0
GENERAL ELECTRIC CO	Common Stock	369604103	12,952	522,040	SH		SOLE	1	522,040	0	0
GENERAL GROWTH PROPERTIES INC	REIT	370023103	1,105	37,400	SH		SOLE	1	37,400	0	0
GOLD FIELDS	ADR	38059T106	15,734	3,923,703	SH		SOLE	1	3,923,703	0	0
GOLDCORP INC	Common Stock	380956409	29,450	1,625,267	SH		SOLE	1	1,625,267	0	0
GOLDMAN SACHS GROUP INC/THE	Common Stock	38141G104	268,857	1,430,320	SH		SOLE	1	1,430,320	0	0
GOOGLE INC	Common Stock	38259P508	12,533	22,595	SH		SOLE	1	22,595	0	0
GOOGLE INC	Common Stock	38259P706	789	1,439	SH		SOLE	1	1,439	0	0
GRAHAM HOLDINGS CO	Common Stock	384637104	31,108	29,637	SH		SOLE	1	29,637	0	0
GRAN TIERRA ENERGY INC	Common Stock	38500T101	300	109,995	SH		SOLE	1	109,995	0	0
GRUPO AEROPORTUARIO DEL SUREST	ADR	40051E202	6,782	50,455	SH		SOLE	1	50,455	0	0
GRUPO FINANCIERO GALICIA SA	ADR	399909100	1,250	54,000	SH		SOLE	1	54,000	0	0
HALLIBURTON CO	Common Stock	406216101	15,178	345,891	SH		SOLE	1	345,891	0	0
HCP INC	REIT	40414L109	821	19,009	SH		SOLE	1	19,009	0	0
HELIX ENERGY SOLUTIONS GROUP I	Common Stock	42330P107	10,759	719,190	SH		SOLE	1	719,190	0	0
HELMERICH & PAYNE INC	Common Stock	423452101	65,244	958,483	SH		SOLE	1	958,483	0	0
HESS CORP	Common Stock	42809H107	234,356	3,453,017	SH		SOLE	1	3,453,017	0	0
HEWLETT-PACKARD CO	Common Stock	428236103	215,705	6,922,498	SH		SOLE	1	6,922,498	0	0
HOME DEPOT INC/THE	Common Stock	437076102	7,492	65,947	SH		SOLE	1	65,947	0	0
HOST HOTELS & RESORTS INC	REIT	44107P104	767	38,000	SH		SOLE	1	38,000	0	0
ICICI BANK LTD	ADR	45104G104	2,154	207,902	SH		SOLE	1	207,902	0	0
IDEX CORP	Common Stock	45167R104	99,895	1,317,351	SH		SOLE	1	1,317,351	0	0
ILLINOIS TOOL WORKS INC	Common Stock	452308109	13,367	137,605	SH		SOLE	1	137,605	0	0
INTERDIGITAL INC/PA	Common Stock	45867G101	11,497	226,584	SH		SOLE	1	226,584	0	0
INTERNATIONAL BUSINESS MACHINE	Common Stock	459200101	10,226	63,714	SH		SOLE	1	63,714	0	0
INTERNATIONAL SPEEDWAY CORP	Common Stock	460335201	22,761	697,990	SH		SOLE	1	697,990	0	0
INTERPUBLIC GROUP OF COS INC/T	Common Stock	460690100	22,001	994,598	SH		SOLE	1	994,598	0	0
INTUIT INC	Common Stock	461202103	42,811	441,528	SH		SOLE	1	441,528	0	0
IPATH MSCI INDIA INDEX ETN	ETP	06739F291	6,152	83,062	SH		SOLE	1	83,062	0	0
IPATH S&P 500 VIX SHORT-TERM F	ETP	06742E711	303	11,828	SH		SOLE	1	11,828	0	0
ISHARES IBOXX $ INVESTMENT GRA	ETP	464287242	12,892	105,927	SH		SOLE	1	105,927	0	0
ISHARES MSCI ACWI ETF	ETP	464288257	4,123	68,687	SH		SOLE	1	68,687	0	0
ISHARES MSCI INDIA ETF	ETP	46429B598	3,689	115,322	SH		SOLE	1	115,322	0	0
ISHARES MSCI POLAND CAPPED ETF	ETP	46429B606	184	7,871	SH		SOLE	1	7,871	0	0
ISHARES MSCI QATAR CAPPED ETF	ETP	46434V779	2,539	110,209	SH		SOLE	1	110,209	0	0
ISHARES MSCI SOUTH KOREA CAPPE	ETP	464286772	1,037	18,111	SH		SOLE	1	18,111	0	0
ISHARES MSCI TAIWAN ETF	ETP	464286731	1,419	90,183	SH		SOLE	1	90,183	0	0
ISHARES MSCI TURKEY ETF	ETP	464286715	159	3,426	SH		SOLE	1	3,426	0	0
ITAU UNIBANCO HOLDING SA	ADR	465562106	204,716	18,509,608	SH		SOLE	1	18,509,608	0	0
JAZZ PHARMACEUTICALS PLC	Common Stock	G50871105	34,464	199,457	SH		SOLE	1	199,457	0	0
JC PENNEY CO INC	Common Stock	708160106	4,932	586,405	SH		SOLE	1	586,405	0	0
JOHNSON & JOHNSON	Common Stock	478160104	267,508	2,659,123	SH		SOLE	1	2,659,123	0	0
JONES LANG LASALLE INC	Common Stock	48020Q107	145,541	854,113	SH		SOLE	1	854,113	0	0
JOY GLOBAL INC	Common Stock	481165108	28,662	731,549	SH		SOLE	1	731,549	0	0
KEY ENERGY SERVICES INC	Common Stock	492914106	546	300,042	SH		SOLE	1	300,042	0	0
KILROY REALTY CORP	REIT	49427F108	274	3,600	SH		SOLE	1	3,600	0	0
KINROSS GOLD CORP	Common Stock	496902404	19,148	8,601,969	SH		SOLE	1	8,601,969	0	0
LAREDO PETROLEUM INC	Common Stock	516806106	14,491	1,111,279	SH		SOLE	1	1,111,279	0	0
LASALLE HOTEL PROPERTIES	REIT	517942108	543	13,963	SH		SOLE	1	13,963	0	0
LEUCADIA NATIONAL CORP	Common Stock	527288104	15,255	684,408	SH		SOLE	1	684,408	0	0
LINCOLN NATIONAL CORP	Common Stock	534187109	148,222	2,579,567	SH		SOLE	1	2,579,567	0	0
LORILLARD INC	Common Stock	544147101	124,601	1,906,665	SH		SOLE	1	1,906,665	0	0
LYONDELLBASELL INDUSTRIES NV	Common Stock	N53745100	1,365	15,550	SH		SOLE	1	15,550	0	0
MACY'S INC	Common Stock	55616P104	220,586	3,398,343	SH		SOLE	1	3,398,343	0	0
MARATHON OIL CORP	Common Stock	565849106	172,523	6,607,531	SH		SOLE	1	6,607,531	0	0
MARATHON PETROLEUM CORP	Common Stock	56585A102	173,988	1,699,270	SH		SOLE	1	1,699,270	0	0
MARKET VECTORS GOLD MINERS ETF	ETP	57060U100	16,917	927,472	SH		SOLE	1	927,472	0	0
MARSH & MCLENNAN COS INC	Common Stock	571748102	14,456	257,734	SH		SOLE	1	257,734	0	0
MCGRAW HILL FINANCIAL INC	Common Stock	580645109	6,917	66,898	SH		SOLE	1	66,898	0	0
MDC HOLDINGS INC	Common Stock	552676108	24,464	858,385	SH		SOLE	1	858,385	0	0
MEDNAX INC	Common Stock	58502B106	73,524	1,013,991	SH		SOLE	1	1,013,991	0	0
MEDTRONIC PLC	Common Stock	G5960L103	198,558	2,545,945	SH		SOLE	1	2,545,945	0	0
MENTOR GRAPHICS CORP	Common Stock	587200106	57,864	2,407,975	SH		SOLE	1	2,407,975	0	0
MERCK & CO INC	Common Stock	58933Y105	18,435	320,714	SH		SOLE	1	320,714	0	0
METLIFE INC	Common Stock	59156R108	178,727	3,535,657	SH		SOLE	1	3,535,657	0	0
MICROSOFT CORP	Common Stock	594918104	417,406	10,267,034	SH		SOLE	1	10,267,034	0	0
MONDELEZ INTERNATIONAL INC	Common Stock	609207105	3,467	96,079	SH		SOLE	1	96,079	0	0
MONSANTO CO	Common Stock	61166W101	14,081	125,118	SH		SOLE	1	125,118	0	0
MOODY'S CORP	Common Stock	615369105	371,811	3,581,996	SH		SOLE	1	3,581,996	0	0
MOTOROLA SOLUTIONS INC	Common Stock	620076307	21,948	329,205	SH		SOLE	1	329,205	0	0
MYLAN NV	Common Stock	N59465109	281,264	4,739,067	SH		SOLE	1	4,739,067	0	0
NETEASE INC	ADR	64110W102	139,202	1,321,953	SH		SOLE	1	1,321,953	0	0
NEW GOLD INC	Common Stock	644535106	4,108	1,224,223	SH		SOLE	1	1,224,223	0	0
NEWMONT MINING CORP	Common Stock	651639106	48,906	2,252,677	SH		SOLE	1	2,252,677	0	0
NIKE INC	Common Stock	654106103	22,592	225,175	SH		SOLE	1	225,175	0	0
NOBLE ENERGY INC	Common Stock	655044105	30,376	621,189	SH		SOLE	1	621,189	0	0
NORTHERN TRUST CORP	Common Stock	665859104	24,142	346,614	SH		SOLE	1	346,614	0	0
NVIDIA CORP	Common Stock	67066G104	2,613	124,863	SH		SOLE	1	124,863	0	0
NXP SEMICONDUCTOR NV	Common Stock	N6596X109	295,093	2,940,340	SH		SOLE	1	2,940,340	0	0
OASIS PETROLEUM INC	Common Stock	674215108	13,128	923,192	SH		SOLE	1	923,192	0	0
OCCIDENTAL PETROLEUM CORP	Common Stock	674599105	120,665	1,652,948	SH		SOLE	1	1,652,948	0	0
ON SEMICONDUCTOR CORP	Common Stock	682189105	136,387	11,262,352	SH		SOLE	1	11,262,352	0	0
ORACLE CORP	Common Stock	68389X105	2,190	50,747	SH		SOLE	1	50,747	0	0
OSHKOSH CORP	Common Stock	688239201	111,463	2,284,544	SH		SOLE	1	2,284,544	0	0
PARKER-HANNIFIN CORP	Common Stock	701094104	79,236	667,079	SH		SOLE	1	667,079	0	0
PATTERSON-UTI ENERGY INC	Common Stock	703481101	18,665	994,115	SH		SOLE	1	994,115	0	0
PEPSICO INC	Common Stock	713448108	303,718	3,176,305	SH		SOLE	1	3,176,305	0	0
PFIZER INC	Common Stock	717081103	287,165	8,254,227	SH		SOLE	1	8,254,227	0	0
PHILIP MORRIS INTERNATIONAL IN	Common Stock	718172109	89,293	1,185,355	SH		SOLE	1	1,185,355	0	0
PHILLIPS 66	Common Stock	718546104	64,320	818,318	SH		SOLE	1	818,318	0	0
PLATINUM GROUP METALS LTD	Common Stock	72765Q205	9,922	18,212,101	SH		SOLE	1	18,212,101	0	0
POPULAR INC	Common Stock	733174700	138,681	4,032,600	SH		SOLE	1	4,032,600	0	0
POTASH CORP OF SASKATCHEWAN IN	Common Stock	73755L107	5,708	176,980	SH		SOLE	1	176,980	0	0
PPG INDUSTRIES INC	Common Stock	693506107	1,365	6,050	SH		SOLE	1	6,050	0	0
PRAXAIR INC	Common Stock	74005P104	804	6,656	SH		SOLE	1	6,656	0	0
PRECISION CASTPARTS CORP	Common Stock	740189105	75,601	360,005	SH		SOLE	1	360,005	0	0
PRESTIGE BRANDS HOLDINGS INC	Common Stock	74112D101	34,936	814,548	SH		SOLE	1	814,548	0	0
PRICELINE GROUP INC/THE	Common Stock	741503403	64,081	55,045	SH		SOLE	1	55,045	0	0
PRIMERO MINING CORP	Common Stock	74164W106	2,686	796,788	SH		SOLE	1	796,788	0	0
PROCTER & GAMBLE CO/THE	Common Stock	742718109	60,960	743,956	SH		SOLE	1	743,956	0	0
PROLOGIS INC	REIT	74340W103	976	22,400	SH		SOLE	1	22,400	0	0
PUBLIC SERVICE ENTERPRISE GROU	Common Stock	744573106	115,530	2,755,954	SH		SOLE	1	2,755,954	0	0
PUBLIC STORAGE	REIT	74460D109	619	3,141	SH		SOLE	1	3,141	0	0
QUALCOMM INC	Common Stock	747525103	46,692	673,379	SH		SOLE	1	673,379	0	0
QUEST DIAGNOSTICS INC	Common Stock	74834L100	142,335	1,852,114	SH		SOLE	1	1,852,114	0	0
REYNOLDS AMERICAN INC	Common Stock	761713106	18,004	261,271	SH		SOLE	1	261,271	0	0
RIO ALTO MINING LTD	Common Stock	76689T104	3,319	1,347,121	SH		SOLE	1	1,347,121	0	0
ROCK-TENN CO	Common Stock	772739207	107,030	1,659,380	SH		SOLE	1	1,659,380	0	0
ROCKWELL AUTOMATION INC	Common Stock	773903109	2,418	20,849	SH		SOLE	1	20,849	0	0
ROSETTA RESOURCES INC	Common Stock	777779307	422	24,772	SH		SOLE	1	24,772	0	0
Royal Gold Inc	Common Stock	780287108	10,205	161,700	SH		SOLE	1	161,700	0	0
SANCHEZ ENERGY CORP	Common Stock	79970Y105	15,146	1,164,191	SH		SOLE	1	1,164,191	0	0
SANDERSON FARMS INC	Common Stock	800013104	3	42	SH		SOLE	1	42	0	0
SCHLUMBERGER LTD	Common Stock	806857108	20,254	242,736	SH		SOLE	1	242,736	0	0
SEAGATE TECHNOLOGY PLC	Common Stock	G7945M107	3,036	58,352	SH		SOLE	1	58,352	0	0
SERVICEMASTER GLOBAL HOLDINGS	Common Stock	81761R109	79,406	2,352,769	SH		SOLE	1	2,352,769	0	0
SESA STERLITE LTD	ADR	78413F103	1,469	118,500	SH		SOLE	1	118,500	0	0
SHAW COMMUNICATIONS INC	Common Stock	82028K200	8,407	374,633	SH		SOLE	1	374,633	0	0
SHERWIN-WILLIAMS CO/THE	Common Stock	824348106	932	3,277	SH		SOLE	1	3,277	0	0
SIGNET JEWELERS LTD	Common Stock	G81276100	10,519	75,261	SH		SOLE	1	75,261	0	0
SILVER WHEATON CORP	Common Stock	828336107	8,555	449,770	SH		SOLE	1	449,770	0	0
SIMON PROPERTY GROUP INC	REIT	828806109	1,850	9,457	SH		SOLE	1	9,457	0	0
SK TELECOM CO LTD SPON ADR	ADR	78440P108	656	24,100	SH		SOLE	1	24,100	0	0
SKYLINE CORP	Common Stock	830830105	503	144,620	SH		SOLE	1	144,620	0	0
SL GREEN REALTY CORP	REIT	78440X101	827	6,442	SH		SOLE	1	6,442	0	0
SM ENERGY CO	Common Stock	78454L100	32,378	626,516	SH		SOLE	1	626,516	0	0
SODASTREAM INTERNATIONAL LTD	Common Stock	M9068E105	14,654	723,300	SH		SOLE	1	723,300	0	0
SOUTHWEST AIRLINES CO	Common Stock	844741108	140,835	3,179,110	SH		SOLE	1	3,179,110	0	0
SOUTHWESTERN ENERGY CO	Common Stock	845467109	23,386	1,008,436	SH		SOLE	1	1,008,436	0	0
ST JUDE MEDICAL INC	Common Stock	790849103	177,417	2,712,795	SH		SOLE	1	2,712,795	0	0
STAPLES INC	Common Stock	855030102	30,895	1,897,170	SH		SOLE	1	1,897,170	0	0
SUNCOR ENERGY INC	Common Stock	867224107	63,858	2,185,239	SH		SOLE	1	2,185,239	0	0
SUNPOWER CORP	Common Stock	867652406	9,503	303,498	SH		SOLE	1	303,498	0	0
SUPERIOR ENERGY SERVICES INC	Common Stock	868157108	13,287	594,758	SH		SOLE	1	594,758	0	0
SYMANTEC CORP	Common Stock	871503108	1,696	72,604	SH		SOLE	1	72,604	0	0
SYNAPTICS INC	Common Stock	87157D109	80,181	986,171	SH		SOLE	1	986,171	0	0
SYNNEX CORP	Common Stock	87162W100	38,867	503,127	SH		SOLE	1	503,127	0	0
SYNOPSYS INC	Common Stock	871607107	1,810	39,066	SH		SOLE	1	39,066	0	0
TAHOE RESOURCES INC	Common Stock	873868103	2,202	200,925	SH		SOLE	1	200,925	0	0
TAIWAN SEMICONDUCTOR MANUFACTU	ADR	874039100	86,621	3,689,138	SH		SOLE	1	3,689,138	0	0
TANGER FACTORY OUTLET CENTERS	REIT	875465106	336	9,557	SH		SOLE	1	9,557	0	0
TATA MOTORS LTD	ADR	876568502	2,761	61,263	SH		SOLE	1	61,263	0	0
TE CONNECTIVITY LTD	Common Stock	H84989104	3,713	51,848	SH		SOLE	1	51,848	0	0
TECHNOLOGY SELECT SECTOR SPDR	ETP	81369Y803	511	12,327	SH		SOLE	1	12,327	0	0
TERNIUM SA	ADR	880890108	19,248	1,065,214	SH		SOLE	1	1,065,214	0	0
TEVA PHARMACEUTICAL INDUSTRIES	ADR	881624209	39,115	627,852	SH		SOLE	1	627,852	0	0
THERMO FISHER SCIENTIFIC INC	Common Stock	883556102	232,020	1,727,109	SH		SOLE	1	1,727,109	0	0
TIME INC	Common Stock	887228104	45,470	2,026,285	SH		SOLE	1	2,026,285	0	0
TIME WARNER INC	Common Stock	887317303	14,346	169,890	SH		SOLE	1	169,890	0	0
TOWERS WATSON & CO	Common Stock	891894107	95,545	722,816	SH		SOLE	1	722,816	0	0
TRANSGLOBE ENERGY CORP	Common Stock	893662106	359	100,735	SH		SOLE	1	100,735	0	0
TURKCELL ILETISIM HIZMETLERI A	ADR	900111204	188	14,434	SH		SOLE	1	14,434	0	0
TWENTY-FIRST CENTURY FOX INC	Common Stock	90130A101	102,975	3,043,001	SH		SOLE	1	3,043,001	0	0
TYSON FOODS INC	Common Stock	902494103	121,763	3,179,183	SH		SOLE	1	3,179,183	0	0
ULTRAPAR PARTICIPACOES SA	ADR	90400P101	560	27,700	SH		SOLE	1	27,700	0	0
UNION PACIFIC CORP	Common Stock	907818108	34,086	314,709	SH		SOLE	1	314,709	0	0
UNITED TECHNOLOGIES CORP	Common Stock	913017109	127,714	1,089,711	SH		SOLE	1	1,089,711	0	0
UNITEDHEALTH GROUP INC	Common Stock	91324P102	288,058	2,435,187	SH		SOLE	1	2,435,187	0	0
US SILICA HOLDINGS INC	Common Stock	90346E103	11,508	323,160	SH		SOLE	1	323,160	0	0
VALEANT PHARMACEUTICALS INTERN	Common Stock	91911K102	219,768	1,106,566	SH		SOLE	1	1,106,566	0	0
VALERO ENERGY CORP	Common Stock	91913Y100	269,590	4,237,503	SH		SOLE	1	4,237,503	0	0
VANTIV INC	Common Stock	92210H105	219,330	5,817,774	SH		SOLE	1	5,817,774	0	0
VENTAS INC	REIT	92276F100	14,982	205,183	SH		SOLE	1	205,183	0	0
VERIZON COMMUNICATIONS INC	Common Stock	92343V104	10,157	208,868	SH		SOLE	1	208,868	0	0
VF CORP	Common Stock	918204108	103,410	1,373,126	SH		SOLE	1	1,373,126	0	0
VIACOM INC	Common Stock	92553P201	11,724	171,650	SH		SOLE	1	171,650	0	0
VISA INC	Common Stock	92826C839	113,019	1,727,856	SH		SOLE	1	1,727,856	0	0
VISTEON CORP	Common Stock	92839U206	35,731	370,649	SH		SOLE	1	370,649	0	0
WAL-MART STORES INC	Common Stock	931142103	30,535	371,250	SH		SOLE	1	371,250	0	0
WASHINGTON FEDERAL INC	Common Stock	938824109	44,201	2,027,095	SH		SOLE	1	2,027,095	0	0
WEATHERFORD INTERNATIONAL PLC	Common Stock	G48833100	11,913	968,500	SH		SOLE	1	968,500	0	0
WEIGHT WATCHERS INTERNATIONAL	Common Stock	948626106	4,886	698,993	SH		SOLE	1	698,993	0	0
WESTERN UNION CO/THE	Common Stock	959802109	162,366	7,802,305	SH		SOLE	1	7,802,305	0	0
WHITING PETROLEUM CORP	Common Stock	966387102	25,640	829,773	SH		SOLE	1	829,773	0	0
WUXI PHARMATECH CAYMAN INC	ADR	929352102	97,404	2,511,696	SH		SOLE	1	2,511,696	0	0
XEROX CORP	Common Stock	984121103	64,963	5,055,502	SH		SOLE	1	5,055,502	0	0
XYLEM INC/NY	Common Stock	98419M100	32,440	926,336	SH		SOLE	1	926,336	0	0
YAMANA GOLD INC	Common Stock	98462Y100	4,601	1,283,538	SH		SOLE	1	1,283,538	0	0
ZIMMER HOLDINGS INC	Common Stock	98956P102	267,498	2,276,195	SH		SOLE	1	2,276,195	0	0
ZOETIS INC	Common Stock	98978V103	332	7,166	SH		SOLE	1	7,166	0	0