Mitsubishi UFJ Trust & Banking 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

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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 CO.	COM	88579Y101	161,530	1,140,102	SH		SOLE		1,140,102	0	0
ABBOTT LABORATORIES	COM	002824100	118,098	2,839,571	SH		SOLE		2,839,571	0	0
ABBVIE INC	COM	00287Y109	186,614	3,230,854	SH		SOLE		3,230,854	0	0
ACCENTURE PLC CL-A	COM	G1151C101	93,742	1,152,752	SH		SOLE		1,152,752	0	0
ACE LIMITED	COM	H0023R105	64,662	616,592	SH		SOLE		616,592	0	0
ACTAVIS PLC	COM	G0083B108	173,715	719,973	SH		SOLE		719,973	0	0
ACTIVISION BLIZZARD	COM	00507V109	19,059	916,754	SH		SOLE		916,754	0	0
ADOBE SYSTEMS INC.	COM	00724F101	58,587	846,752	SH		SOLE		846,752	0	0
ADVANCE AUTO PARTS	COM	00751Y106	17,629	135,292	SH		SOLE		135,292	0	0
ADVANCED SEMI (ADR)	ADR	00756M404	2,432	411,490	SH		SOLE		411,490	0	0
AES CORPORATION	COM	00130H105	17,760	1,252,442	SH		SOLE		1,252,442	0	0
AETNA INC-NEW	COM	00817Y108	66,983	826,947	SH		SOLE		826,947	0	0
AFFILIATED MANAGERS	COM	008252108	24,666	123,109	SH		SOLE		123,109	0	0
AFLAC INC.	COM	001055102	48,693	835,932	SH		SOLE		835,932	0	0
AGCO CORPORATION	COM	001084102	7,164	157,584	SH		SOLE		157,584	0	0
AGILENT TECHNOLOGIES	COM	00846U101	57,854	1,015,332	SH		SOLE		1,015,332	0	0
AIR PRODUCTS & CHEM.	COM	009158106	50,220	385,770	SH		SOLE		385,770	0	0
AIRGAS INC.	COM	009363102	13,415	121,240	SH		SOLE		121,240	0	0
AKAMAI TECHNOLOGIES	COM	00971T101	19,289	322,562	SH		SOLE		322,562	0	0
ALBEMARLE CORP	COM	012653101	8,351	141,781	SH		SOLE		141,781	0	0
ALCOA INC.	COM	013817101	34,153	2,122,629	SH		SOLE		2,122,629	0	0
ALEXION PHARMACEUTIC	COM	015351109	60,522	364,989	SH		SOLE		364,989	0	0
ALLEGHANY CORP	COM	017175100	15,654	37,437	SH		SOLE		37,437	0	0
ALLERGAN INC.	COM	018490102	95,506	535,976	SH		SOLE		535,976	0	0
ALLIANCE DATA SYSTEM	COM	018581108	24,141	97,236	SH		SOLE		97,236	0	0
ALLIANT ENERGY CORP	COM	018802108	11,431	206,293	SH		SOLE		206,293	0	0
ALLSTATE CORP	COM	020002101	48,827	795,617	SH		SOLE		795,617	0	0
ALLY FINANCIAL INC	COM	02005N100	13,102	566,202	SH		SOLE		566,202	0	0
ALTERA CORPORATION	COM	021441100	21,481	600,350	SH		SOLE		600,350	0	0
ALTRIA GROUP INC	COM	02209S103	171,942	3,742,750	SH		SOLE		3,742,750	0	0
AMAZON.COM INC.	COM	023135106	323,263	1,002,551	SH		SOLE		1,002,551	0	0
AMBEV SA-SPN(ADR)	ADR	02319V103	1,988	303,500	SH		SOLE		303,500	0	0
AMEREN CORPORATION	COM	023608102	17,094	445,979	SH		SOLE		445,979	0	0
AMERICA MOVIL(ADR)-L	ADR	02364W105	9,372	371,900	SH		SOLE		371,900	0	0
AMERICAN AIRLINES GR	COM	02376R102	11,329	319,306	SH		SOLE		319,306	0	0
AMERICAN CAP AGENCY	COM	02503X105	13,583	639,177	SH		SOLE		639,177	0	0
AMERICAN ELECTRIC PO	COM	025537101	49,860	954,999	SH		SOLE		954,999	0	0
AMERICAN EXPRESS CO.	COM	025816109	221,350	2,528,558	SH		SOLE		2,528,558	0	0
AMERICAN INTL GROUP	COM	026874784	149,498	2,767,453	SH		SOLE		2,767,453	0	0
AMERICAN REALTY CAP	COM	02917T104	19,342	1,603,818	SH		SOLE		1,603,818	0	0
AMERICAN TOWER CORP	COM	03027X100	74,629	797,064	SH		SOLE		797,064	0	0
AMERICAN WATER WORKS	COM	030420103	24,431	506,545	SH		SOLE		506,545	0	0
AMERIPRISE FINANCIAL	COM	03076C106	47,316	383,498	SH		SOLE		383,498	0	0
AMERISOURCEBERGEN	COM	03073E105	42,032	543,754	SH		SOLE		543,754	0	0
AMETEK INC.	COM	031100100	22,655	451,214	SH		SOLE		451,214	0	0
AMGEN	COM	031162100	199,150	1,417,840	SH		SOLE		1,417,840	0	0
AMPHENOL CORP 'A'	COM	032095101	28,636	286,765	SH		SOLE		286,765	0	0
ANADARKO PETROLEUM	COM	032511107	92,483	911,699	SH		SOLE		911,699	0	0
ANALOG DEVICES INC	COM	032654105	27,988	565,521	SH		SOLE		565,521	0	0
ANNALY CAPITAL MGMT	COM	035710409	19,069	1,785,477	SH		SOLE		1,785,477	0	0
ANSYS INC.	COM	03662Q105	12,722	168,125	SH		SOLE		168,125	0	0
ANTERO RESOURCES COR	COM	03674X106	5,366	97,756	SH		SOLE		97,756	0	0
AON PLC	COM	G0408V102	44,504	507,629	SH		SOLE		507,629	0	0
APACHE CORPORATION	COM	037411105	136,811	1,457,448	SH		SOLE		1,457,448	0	0
APPLE INC	COM	037833100	1,279,358	12,698,345	SH		SOLE		12,698,345	0	0
APPLIED MATERIALS	COM	038222105	57,264	2,649,879	SH		SOLE		2,649,879	0	0
ARCH CAPITAL GRP LTD	COM	G0450A105	19,816	362,130	SH		SOLE		362,130	0	0
ARCHER DANIELS MDLND	COM	039483102	75,576	1,478,987	SH		SOLE		1,478,987	0	0
ARCOS DORADOS	COM	G0457F107	2,871	480,100	SH		SOLE		480,100	0	0
ARROW ELECTRONICS	COM	042735100	10,344	186,880	SH		SOLE		186,880	0	0
ASHLAND INC.	COM	044209104	13,979	134,288	SH		SOLE		134,288	0	0
ASSURANT INC	COM	04621X108	8,401	130,646	SH		SOLE		130,646	0	0
AT & T INC.	COM	00206R102	362,740	10,293,427	SH		SOLE		10,293,427	0	0
ATWOOD OCEANICS INC	COM	050095108	3,762	86,100	SH		SOLE		86,100	0	0
AU OPTRONICS CO(ADR)	ADR	002255107	522	125,400	SH		SOLE		125,400	0	0
AUTODESK INC.	COM	052769106	22,763	413,129	SH		SOLE		413,129	0	0
AUTOLIV INC.	COM	052800109	15,772	171,580	SH		SOLE		171,580	0	0
AUTOMATIC DATA PROCE	COM	053015103	116,243	1,399,174	SH		SOLE		1,399,174	0	0
AUTONATION INC.	COM	05329W102	7,039	139,922	SH		SOLE		139,922	0	0
AUTOZONE INC	COM	053332102	34,348	67,393	SH		SOLE		67,393	0	0
AVAGO TECHNOLOGIES	COM	Y0486S104	49,766	572,025	SH		SOLE		572,025	0	0
AVALONBAY COMM. INC.	COM	053484101	34,461	244,455	SH		SOLE		244,455	0	0
AVERY-DENNISON CORP	COM	053611109	7,769	173,993	SH		SOLE		173,993	0	0
AVNET INC	COM	053807103	14,015	337,701	SH		SOLE		337,701	0	0
AVON PRODUCTS	COM	054303102	9,764	774,936	SH		SOLE		774,936	0	0
AXIS CAPITAL HLDGS.	COM	G0692U109	9,344	197,427	SH		SOLE		197,427	0	0
B/E AEROSPACE INC.	COM	073302101	35,808	426,595	SH		SOLE		426,595	0	0
BAIDU INC.(ADR)	ADR	056752108	97,719	447,780	SH		SOLE		447,780	0	0
BAKER HUGHES INC.	COM	057224107	51,803	796,241	SH		SOLE		796,241	0	0
BALL CORPORATION	COM	058498106	15,454	244,252	SH		SOLE		244,252	0	0
BANCO BRADESCO (ADR)	ADR	059460303	1,823	127,910	SH		SOLE		127,910	0	0
BANCO DE CHILE (ADR)	ADR	059520106	1,935	26,154	SH		SOLE		26,154	0	0
BANCO SANT (ADS)	ADR	05967A107	1,291	197,400	SH		SOLE		197,400	0	0
BANCO SANT.CHILE(ADR	ADR	05965X109	1,800	81,502	SH		SOLE		81,502	0	0
BANCOLOMBIA SA (ADR)	ADR	05968L102	930	16,400	SH		SOLE		16,400	0	0
BANK OF AMERICA CORP	COM	060505104	343,009	20,117,824	SH		SOLE		20,117,824	0	0
BANK OF NY MELLON CO	COM	064058100	99,988	2,581,678	SH		SOLE		2,581,678	0	0
BARCLAYS ETN+ DYN VEQTORTM	ETF	06740C337	129,084	855,200	SH		SOLE		855,200	0	0
BARD C.R. INC	COM	067383109	21,754	152,437	SH		SOLE		152,437	0	0
BAXTER INTERNATIONAL	COM	071813109	101,449	1,413,525	SH		SOLE		1,413,525	0	0
BB & T CORP.	COM	054937107	48,750	1,310,132	SH		SOLE		1,310,132	0	0
BECTON DICKINSON &	COM	075887109	43,434	381,636	SH		SOLE		381,636	0	0
BED BATH & BEYOND	COM	075896100	24,841	377,354	SH		SOLE		377,354	0	0
BERKLEY (WR) CORP	COM	084423102	12,326	257,871	SH		SOLE		257,871	0	0
BERKSHIRE HATHAWAY'A	COM	084670108	2,897	14	SH		SOLE		14	0	0
BERKSHIRE HATHAWAY'B	COM	084670702	350,433	2,536,796	SH		SOLE		2,536,796	0	0
BEST BUY COMPANY INC	COM	086516101	18,256	543,491	SH		SOLE		543,491	0	0
BIOGEN IDEC INC	COM	09062X103	141,367	427,337	SH		SOLE		427,337	0	0
BIOMARIN PHARM. INC.	COM	09061G101	18,621	258,048	SH		SOLE		258,048	0	0
BLACKROCK INC.	COM	09247X101	79,236	241,337	SH		SOLE		241,337	0	0
BLOCK (H&R)	COM	093671105	15,485	499,357	SH		SOLE		499,357	0	0
BOEING CO.	COM	097023105	167,702	1,316,546	SH		SOLE		1,316,546	0	0
BORGWARNER INC	COM	099724106	21,530	409,242	SH		SOLE		409,242	0	0
BOSTON PROPERTIES	COM	101121101	31,982	276,278	SH		SOLE		276,278	0	0
BOSTON SCIENTIFIC	COM	101137107	28,420	2,406,468	SH		SOLE		2,406,468	0	0
BRASKEM S.A.(ADR)	ADR	105532105	211	16,000	SH		SOLE		16,000	0	0
BRF SA (ADR)	ADR	10552T107	2,595	109,100	SH		SOLE		109,100	0	0
BRISTOL MYERS SQUIBB	COM	110122108	167,776	3,278,153	SH		SOLE		3,278,153	0	0
BROADCOM CORP-CL'A'	COM	111320107	47,278	1,169,664	SH		SOLE		1,169,664	0	0
BROWN-FORMAN -CL B	COM	115637209	55,535	615,548	SH		SOLE		615,548	0	0
BUNGE LIMITED	COM	G16962105	27,851	330,658	SH		SOLE		330,658	0	0
C.H. ROBINSON WORLDW	COM	12541W209	41,422	624,581	SH		SOLE		624,581	0	0
CA INC.	COM	12673P105	17,908	640,931	SH		SOLE		640,931	0	0
CABLEVISION SYS.NY-A	COM	12686C109	6,079	347,187	SH		SOLE		347,187	0	0
CABOT OIL & GAS CO.A	COM	127097103	25,041	766,001	SH		SOLE		766,001	0	0
CALPINE CORPORATION	COM	131347304	14,338	660,758	SH		SOLE		660,758	0	0
CAMDEN PROPERTY TRUS	COM	133131102	10,624	155,032	SH		SOLE		155,032	0	0
CAMERON INTERNATL CO	COM	13342B105	30,770	463,550	SH		SOLE		463,550	0	0
CAMPBELL SOUP	COM	134429109	15,980	373,985	SH		SOLE		373,985	0	0
CAPITAL ONE FINANCIA	COM	14040H105	123,742	1,516,072	SH		SOLE		1,516,072	0	0
CARDINAL HEALTH INC.	COM	14149Y108	56,087	748,624	SH		SOLE		748,624	0	0
CAREFUSION CORP	COM	14170T101	17,046	376,703	SH		SOLE		376,703	0	0
CARMAX INC	COM	143130102	60,249	1,297,064	SH		SOLE		1,297,064	0	0
CARNIVAL CORP	COM	143658300	28,335	705,367	SH		SOLE		705,367	0	0
CATERPILLAR	COM	149123101	106,487	1,075,300	SH		SOLE		1,075,300	0	0
CBRE GROUP INC-A	COM	12504L109	16,857	566,800	SH		SOLE		566,800	0	0
CBS CORP.CLASS-B	COM	124857202	56,090	1,048,416	SH		SOLE		1,048,416	0	0
CELANESE CORP-A	COM	150870103	20,522	350,685	SH		SOLE		350,685	0	0
CELGENE CORP.	COM	151020104	144,335	1,522,844	SH		SOLE		1,522,844	0	0
CEMEX SAB(ADR)PART	ADR	151290889	2,464	188,939	SH		SOLE		188,939	0	0
CEMIG (ADR)	ADR	204409601	908	145,673	SH		SOLE		145,673	0	0
CENTERPOINT ENERGY	COM	15189T107	22,265	909,881	SH		SOLE		909,881	0	0
CENTURYLINK INC.	COM	156700106	52,935	1,294,580	SH		SOLE		1,294,580	0	0
CERNER CORPORATION	COM	156782104	33,003	554,026	SH		SOLE		554,026	0	0
CF INDUSTRIES HOLDIN	COM	125269100	26,736	95,754	SH		SOLE		95,754	0	0
CHARTER COMM.-A	COM	16117M305	20,879	137,931	SH		SOLE		137,931	0	0
CHECK POINT SOFTWARE	COM	M22465104	210	3,029	SH		SOLE		3,029	0	0
CHENIERE ENERGY INC	COM	16411R208	32,485	405,907	SH		SOLE		405,907	0	0
CHESAPEAKE ENERGY CO	COM	165167107	22,603	983,185	SH		SOLE		983,185	0	0
CHEVRON CORP	COM	166764100	443,126	3,713,759	SH		SOLE		3,713,759	0	0
CHICAGO BRIDGE & IRN	COM	167250109	25,281	437,011	SH		SOLE		437,011	0	0
CHIPOTLE MEXICAN	COM	169656105	37,178	55,774	SH		SOLE		55,774	0	0
CHUBB CORP.	COM	171232101	45,715	501,922	SH		SOLE		501,922	0	0
CHUNGHWA TELECOM(ADR	ADR	17133Q502	6,695	223,400	SH		SOLE		223,400	0	0
CHURCH & DWIGHT CO.	COM	171340102	20,699	295,028	SH		SOLE		295,028	0	0
CIA BRASI(ADR)(PFD	ADR	20440T201	1,670	38,300	SH		SOLE		38,300	0	0
CIA CERVECERIAS(ADR)	ADR	204429104	3,368	152,900	SH		SOLE		152,900	0	0
CIA SANEAMENTO (ADR)	ADR	20441A102	575	70,900	SH		SOLE		70,900	0	0
CIA SIDERURGICA(ADR)	ADR	20440W105	463	130,400	SH		SOLE		130,400	0	0
CIGNA CORP.	COM	125509109	43,989	485,050	SH		SOLE		485,050	0	0
CIMAREX ENERGY CO	COM	171798101	19,805	156,528	SH		SOLE		156,528	0	0
CINCINNATI FINANCIAL	COM	172062101	14,076	299,174	SH		SOLE		299,174	0	0
CINTAS CORP.	COM	172908105	12,946	183,403	SH		SOLE		183,403	0	0
CISCO SYSTEMS INC	COM	17275R102	241,865	9,609,269	SH		SOLE		9,609,269	0	0
CIT GROUP INC.	COM	125581801	51,942	1,130,159	SH		SOLE		1,130,159	0	0
CITIGROUP INC.	COM	172967424	363,559	7,015,810	SH		SOLE		7,015,810	0	0
CITRIX SYSTEMS INC.	COM	177376100	21,054	295,117	SH		SOLE		295,117	0	0
CLOROX COMPANY	COM	189054109	24,640	256,561	SH		SOLE		256,561	0	0
CME GROUP INC.	COM	12572Q105	46,258	578,556	SH		SOLE		578,556	0	0
CMS ENERGY CORP	COM	125896100	18,017	607,436	SH		SOLE		607,436	0	0
COACH INC.	COM	189754104	18,827	528,699	SH		SOLE		528,699	0	0
COBALT INTL ENERGY	COM	19075F106	7,203	529,610	SH		SOLE		529,610	0	0
COCA-COLA COMPANY	COM	191216100	320,017	7,501,561	SH		SOLE		7,501,561	0	0
COCA-COLA ENTERPRISE	COM	19122T109	19,521	440,055	SH		SOLE		440,055	0	0
COCA-COLA FEMSA(ADR)	ADR	191241108	4,281	42,500	SH		SOLE		42,500	0	0
COGNIZANT TECH CL-A	COM	192446102	50,159	1,120,381	SH		SOLE		1,120,381	0	0
COLGATE PALMOLIVE	COM	194162103	157,681	2,417,674	SH		SOLE		2,417,674	0	0
COMCAST CORP CL-A	COM	20030N101	228,795	4,254,272	SH		SOLE		4,254,272	0	0
COMCAST CORP SP CL-A	COM	20030N200	82,855	1,548,697	SH		SOLE		1,548,697	0	0
COMERICA INC	COM	200340107	16,198	324,871	SH		SOLE		324,871	0	0
COMPUTER SCIENCES	COM	205363104	15,963	261,050	SH		SOLE		261,050	0	0
CONAGRA FOODS INC	COM	205887102	29,195	883,615	SH		SOLE		883,615	0	0
CONCHO RESOURCES INC	COM	20605P101	25,079	200,011	SH		SOLE		200,011	0	0
CONOCOPHILLIPS	COM	20825C104	185,640	2,426,035	SH		SOLE		2,426,035	0	0
CONSOL ENERGY INC.	COM	20854P109	15,560	410,995	SH		SOLE		410,995	0	0
CONSOLIDATED EDISON	COM	209115104	38,369	677,185	SH		SOLE		677,185	0	0
CONSTELLATION BRND-A	COM	21036P108	26,538	304,469	SH		SOLE		304,469	0	0
CONTINENTAL RESOURCE	COM	212015101	11,130	167,413	SH		SOLE		167,413	0	0
COPEL (ADR)	ADR	20441B407	310	22,700	SH		SOLE		22,700	0	0
CORE LABORATORIES	COM	N22717107	11,648	79,591	SH		SOLE		79,591	0	0
CORNING INC.	COM	219350105	46,931	2,426,628	SH		SOLE		2,426,628	0	0
COSTCO WHOLESALE CO.	COM	22160K105	103,743	827,822	SH		SOLE		827,822	0	0
COVIDIEN PLC	COM	G2554F113	72,055	832,915	SH		SOLE		832,915	0	0
CPFL ENERGIA SA(ADR)	ADR	126153105	306	19,700	SH		SOLE		19,700	0	0
CREDICORP LIMITED	COM	G2519Y108	12,578	82,000	SH		SOLE		82,000	0	0
CREE INC.	COM	225447101	8,882	216,891	SH		SOLE		216,891	0	0
CROWN CASTLE INTL CO	COM	228227104	50,746	630,150	SH		SOLE		630,150	0	0
CROWN HOLDINGS INC	COM	228368106	11,022	247,572	SH		SOLE		247,572	0	0
CSX	COM	126408103	58,477	1,823,974	SH		SOLE		1,823,974	0	0
CTRIP.COM INTL (ADR)	ADR	22943F100	21,926	386,300	SH		SOLE		386,300	0	0
CUMMINS INC	COM	231021106	46,170	349,825	SH		SOLE		349,825	0	0
CVS HEALTH CORPORATI	COM	126650100	188,870	2,373,031	SH		SOLE		2,373,031	0	0
D.R. HORTON INC.	COM	23331A109	10,905	531,438	SH		SOLE		531,438	0	0
DANAHER CORP	COM	235851102	86,617	1,139,997	SH		SOLE		1,139,997	0	0
DARDEN RESTAURANTS	COM	237194105	12,466	242,241	SH		SOLE		242,241	0	0
DAVITA HEALTHCARE	COM	23918K108	23,911	326,917	SH		SOLE		326,917	0	0
DEERE & CO.	COM	244199105	52,815	644,158	SH		SOLE		644,158	0	0
DELPHI AUTOMOTIVE	COM	G27823106	34,030	554,772	SH		SOLE		554,772	0	0
DELTA AIR LINES INC	COM	247361702	14,394	398,175	SH		SOLE		398,175	0	0
DELUXE CORPORATION	COM	248019101	15,028	272,450	SH		SOLE		272,450	0	0
DENBURY RESOURCES	COM	247916208	9,504	632,331	SH		SOLE		632,331	0	0
DENTSPLY INTL INC.	COM	249030107	12,140	266,224	SH		SOLE		266,224	0	0
DEVON ENERGY CORP.	COM	25179M103	62,211	912,447	SH		SOLE		912,447	0	0
DIAMOND OFFSHORE	COM	25271C102	4,317	125,975	SH		SOLE		125,975	0	0
DICK'S SPORTING GDS	COM	253393102	7,720	175,938	SH		SOLE		175,938	0	0
DIGITAL REALTY TRUST	COM	253868103	15,282	244,983	SH		SOLE		244,983	0	0
DIRECTV	COM	25490A309	75,145	868,525	SH		SOLE		868,525	0	0
DISCOVER FINANCIAL	COM	254709108	72,017	1,118,456	SH		SOLE		1,118,456	0	0
DISCOVERY COMMU CL-A	COM	25470F104	12,003	317,533	SH		SOLE		317,533	0	0
DISCOVERY COMMU CL-C	COM	25470F302	22,001	590,150	SH		SOLE		590,150	0	0
DISH NETWORK CORP-A	COM	25470M109	25,724	398,320	SH		SOLE		398,320	0	0
DOLBY LABORATO.-CL A	COM	25659T107	14,487	346,670	SH		SOLE		346,670	0	0
DOLLAR GENERAL CORP	COM	256677105	36,897	603,775	SH		SOLE		603,775	0	0
DOLLAR TREE INC	COM	256746108	21,503	383,510	SH		SOLE		383,510	0	0
DOMINION RESOURCES	COM	25746U109	81,296	1,176,672	SH		SOLE		1,176,672	0	0
DONALDSON COMPANY	COM	257651109	34,662	853,122	SH		SOLE		853,122	0	0
DONNELLEY & SONS CO.	COM	257867101	13,020	791,000	SH		SOLE		791,000	0	0
DOVER CORP	COM	260003108	24,571	305,881	SH		SOLE		305,881	0	0
DOW CHEMICAL	COM	260543103	114,873	2,190,561	SH		SOLE		2,190,561	0	0
DR PEPPER SNAPPLE	COM	26138E109	26,026	404,691	SH		SOLE		404,691	0	0
DR. REDDY'S LAB(ADR)	ADR	256135203	3,500	66,600	SH		SOLE		66,600	0	0
DTE ENERGY COMPANY	COM	233331107	25,251	331,896	SH		SOLE		331,896	0	0
DU PONT (E.I.)	COM	263534109	126,052	1,756,584	SH		SOLE		1,756,584	0	0
DUKE ENERGY CORP.	COM	26441C204	123,276	1,648,731	SH		SOLE		1,648,731	0	0
DUKE REALTY CORP	COM	264411505	10,464	609,055	SH		SOLE		609,055	0	0
DUN & BRADSTREET	COM	26483E100	7,768	66,129	SH		SOLE		66,129	0	0
EASTMAN CHEMICAL	COM	277432100	22,089	273,073	SH		SOLE		273,073	0	0
EATON CORP PLC	COM	G29183103	110,651	1,746,106	SH		SOLE		1,746,106	0	0
EATON VANCE CORP	COM	278265103	8,038	213,035	SH		SOLE		213,035	0	0
EBAY INC	COM	278642103	176,276	3,112,759	SH		SOLE		3,112,759	0	0
ECOLAB INC	COM	278865100	60,248	524,668	SH		SOLE		524,668	0	0
EDISON INTERNATIONAL	COM	281020107	31,897	570,397	SH		SOLE		570,397	0	0
EDWARDS LIFESCIENCES	COM	28176E108	19,630	192,167	SH		SOLE		192,167	0	0
ELECTRONIC ARTS	COM	285512109	20,414	573,256	SH		SOLE		573,256	0	0
ELETROBRAS-ADR C	ADR	15234Q207	266	98,500	SH		SOLE		98,500	0	0
ELETROBRAS-ADR P	ADR	15234Q108	78	18,700	SH		SOLE		18,700	0	0
EMBRAER SA (ADR)	ADR	29082A107	4,291	109,400	SH		SOLE		109,400	0	0
EMC CORP-MASS	COM	268648102	157,524	5,383,598	SH		SOLE		5,383,598	0	0
EMERSON ELECTRIC	COM	291011104	81,103	1,295,984	SH		SOLE		1,295,984	0	0
EMPRESA NAC ELEC(ADR	ADR	29244T101	1,969	44,800	SH		SOLE		44,800	0	0
ENDO INTERNATIONAL P	COM	G30401106	17,813	260,657	SH		SOLE		260,657	0	0
ENERGEN CORP	COM	29265N108	9,518	131,752	SH		SOLE		131,752	0	0
ENERGIZER HOLDINGS	COM	29266R108	13,901	112,823	SH		SOLE		112,823	0	0
ENERSIS S.A. (ADR)	ADR	29274F104	2,441	154,700	SH		SOLE		154,700	0	0
ENSCO PLC CL-A	COM	G3157S106	43,579	1,054,925	SH		SOLE		1,054,925	0	0
ENTERGY CORP NEW	COM	29364G103	29,596	382,725	SH		SOLE		382,725	0	0
EOG RESOURCES INC.	COM	26875P101	181,691	1,834,894	SH		SOLE		1,834,894	0	0
EQT CORPORATION	COM	26884L109	25,579	279,429	SH		SOLE		279,429	0	0
EQUIFAX INC.	COM	294429105	16,398	219,395	SH		SOLE		219,395	0	0
EQUINIX INC	COM	29444U502	19,133	90,044	SH		SOLE		90,044	0	0
EQUITY RESIDENTIAL	COM	29476L107	38,148	619,491	SH		SOLE		619,491	0	0
ESSEX PROPERTY TRUST	COM	297178105	20,156	112,761	SH		SOLE		112,761	0	0
ESTEE LAUDER CO.CL-A	COM	518439104	34,284	458,835	SH		SOLE		458,835	0	0
EVEREST RE GROUP LTD	COM	G3223R108	21,471	132,528	SH		SOLE		132,528	0	0
EXELON CORPORATION	COM	30161N101	55,030	1,614,247	SH		SOLE		1,614,247	0	0
EXPEDIA INC.	COM	30212P303	16,474	188,019	SH		SOLE		188,019	0	0
EXPEDITORS INTL WASH	COM	302130109	35,861	883,717	SH		SOLE		883,717	0	0
EXPRESS SCRIPTS HOLD	COM	30219G108	149,449	2,115,945	SH		SOLE		2,115,945	0	0
EXXON MOBIL CORP.	COM	30231G102	815,834	8,674,472	SH		SOLE		8,674,472	0	0
F M C CORP	COM	302491303	14,943	261,294	SH		SOLE		261,294	0	0
F5 NETWORKS INC.	COM	315616102	16,405	138,157	SH		SOLE		138,157	0	0
FACEBOOK INC-A	COM	30303M102	335,404	4,243,469	SH		SOLE		4,243,469	0	0
FAMILY DOLLAR STORES	COM	307000109	16,525	213,943	SH		SOLE		213,943	0	0
FASTENAL COMPANY	COM	311900104	57,532	1,281,329	SH		SOLE		1,281,329	0	0
FEDERAL REALTY INVT	COM	313747206	16,925	142,878	SH		SOLE		142,878	0	0
FEDEX CORPORATION	COM	31428X106	82,618	511,728	SH		SOLE		511,728	0	0
FIBRIA CEL SA (ADR)	ADR	31573A109	518	47,111	SH		SOLE		47,111	0	0
FIDELITY NATIONAL IN	COM	31620M106	30,533	542,324	SH		SOLE		542,324	0	0
FIFTH THIRD BANCORP	COM	316773100	31,296	1,563,220	SH		SOLE		1,563,220	0	0
FIREEYE INC	COM	31816Q101	3,621	118,474	SH		SOLE		118,474	0	0
FIRST REPUBLIC BANK	COM	33616C100	100,593	2,037,125	SH		SOLE		2,037,125	0	0
FIRST SOLAR INC	COM	336433107	4,325	65,719	SH		SOLE		65,719	0	0
FIRSTENERGY CORP.	COM	337932107	25,875	770,792	SH		SOLE		770,792	0	0
FISERV INC.	COM	337738108	29,699	459,482	SH		SOLE		459,482	0	0
FLEETCOR TECHNOLOGIE	COM	339041105	19,272	135,604	SH		SOLE		135,604	0	0
FLEXTRONICS INTL LTD	COM	Y2573F102	10,808	1,047,277	SH		SOLE		1,047,277	0	0
FLIR SYSTEMS INC.	COM	302445101	21,877	698,050	SH		SOLE		698,050	0	0
FLOWSERVE CORP.	COM	34354P105	17,364	246,232	SH		SOLE		246,232	0	0
FLUOR CORP	COM	343412102	24,183	362,079	SH		SOLE		362,079	0	0
FMC TECHNOLOGIES INC	COM	30249U101	22,958	422,724	SH		SOLE		422,724	0	0
FOMENTO ECONO (ADR)	ADR	344419106	7,879	85,600	SH		SOLE		85,600	0	0
FORD MOTOR COMPANY	COM	345370860	105,197	7,112,731	SH		SOLE		7,112,731	0	0
FOSSIL GROUP INC	COM	34988V106	8,179	87,103	SH		SOLE		87,103	0	0
FRANKLIN RESOURCES	COM	354613101	62,271	1,140,286	SH		SOLE		1,140,286	0	0
FREEPORT-MCMORAN INC	COM	35671D857	62,048	1,900,401	SH		SOLE		1,900,401	0	0
FRONTIER COMM. CORP	COM	35906A108	11,928	1,832,237	SH		SOLE		1,832,237	0	0
GAMESTOP CORP CL-A	COM	36467W109	18,799	456,291	SH		SOLE		456,291	0	0
GANNETT	COM	364730101	31,911	1,075,543	SH		SOLE		1,075,543	0	0
GAP INC	COM	364760108	18,535	444,597	SH		SOLE		444,597	0	0
GARMIN LTD.	COM	H2906T109	11,028	212,115	SH		SOLE		212,115	0	0
GENERAL DYNAMICS	COM	369550108	67,416	530,457	SH		SOLE		530,457	0	0
GENERAL ELECTRIC	COM	369604103	487,823	19,040,723	SH		SOLE		19,040,723	0	0
GENERAL GROWTH PROPE	COM	370023103	22,089	937,979	SH		SOLE		937,979	0	0
GENERAL MILLS	COM	370334104	70,036	1,388,234	SH		SOLE		1,388,234	0	0
GENERAL MOTORS CO.	COM	37045V100	98,437	3,081,942	SH		SOLE		3,081,942	0	0
GENOMIC HEALTH INC.	COM	37244C101	6,730	237,720	SH		SOLE		237,720	0	0
GENTEX CORPORATION	COM	371901109	1,423	53,152	SH		SOLE		53,152	0	0
GENUINE PARTS	COM	372460105	26,256	299,349	SH		SOLE		299,349	0	0
GENWORTH FIN.-CL A	COM	37247D106	12,105	924,063	SH		SOLE		924,063	0	0
GERDAU S.A. (ADR)	ADR	373737105	780	162,600	SH		SOLE		162,600	0	0
GILEAD SCIENCES INC	COM	375558103	316,790	2,975,954	SH		SOLE		2,975,954	0	0
GOLDMAN SACHS GROUP	COM	38141G104	218,251	1,188,923	SH		SOLE		1,188,923	0	0
GOOGLE INC.-CL A	COM	38259P508	393,767	669,205	SH		SOLE		669,205	0	0
GOOGLE INC-CL C	COM	38259P706	397,958	689,271	SH		SOLE		689,271	0	0
GRAINGER (W.W.) INC	COM	384802104	28,708	114,078	SH		SOLE		114,078	0	0
GRP AEROPORT DEL(ADR	ADR	400506101	1,848	27,400	SH		SOLE		27,400	0	0
GRUPO TELEVISA (ADR)	ADR	40049J206	3,059	90,300	SH		SOLE		90,300	0	0
HALLIBURTON CO.	COM	406216101	166,349	2,578,659	SH		SOLE		2,578,659	0	0
HARLEY DAVIDSON INC	COM	412822108	95,937	1,648,397	SH		SOLE		1,648,397	0	0
HARRIS	COM	413875105	12,951	195,051	SH		SOLE		195,051	0	0
HARTFORD FINL SVCS	COM	416515104	30,705	824,291	SH		SOLE		824,291	0	0
HASBRO INC	COM	418056107	16,687	303,419	SH		SOLE		303,419	0	0
HCA HOLDINGS INC.	COM	40412C101	69,338	983,232	SH		SOLE		983,232	0	0
HCP INC	COM	40414L109	40,445	1,018,502	SH		SOLE		1,018,502	0	0
HDFC BANK LTD. (ADR)	ADR	40415F101	5,045	108,300	SH		SOLE		108,300	0	0
HEALTH CARE REIT INC	COM	42217K106	39,878	639,378	SH		SOLE		639,378	0	0
HELMERICH & PAYNE	COM	423452101	26,773	273,552	SH		SOLE		273,552	0	0
HENRY SCHEIN INC.	COM	806407102	19,783	169,852	SH		SOLE		169,852	0	0
HERBALIFE LTD	COM	G4412G101	6,293	143,835	SH		SOLE		143,835	0	0
HERTZ GLOBAL HLDG	COM	42805T105	20,779	818,389	SH		SOLE		818,389	0	0
HESS CORPORATION	COM	42809H107	48,906	518,509	SH		SOLE		518,509	0	0
HEWLETT PACKARD CO.	COM	428236103	139,417	3,930,560	SH		SOLE		3,930,560	0	0
HILTON WORLDWIDE HOL	COM	43300A104	13,804	560,445	SH		SOLE		560,445	0	0
HOLLYFRONTIER CORP	COM	436106108	14,928	341,763	SH		SOLE		341,763	0	0
HOLOGIC INC	COM	436440101	44,451	1,827,022	SH		SOLE		1,827,022	0	0
HOME DEPOT	COM	437076102	266,412	2,903,994	SH		SOLE		2,903,994	0	0
HONEYWELL INTL INC.	COM	438516106	126,218	1,355,438	SH		SOLE		1,355,438	0	0
HORMEL FOODS CORP.	COM	440452100	17,930	348,907	SH		SOLE		348,907	0	0
HOSPIRA INC	COM	441060100	15,648	300,744	SH		SOLE		300,744	0	0
HOST HOTEL&RES(REIT)	COM	44107P104	30,045	1,408,592	SH		SOLE		1,408,592	0	0
HOWARD HUGHES CORP	COM	44267D107	7,680	51,200	SH		SOLE		51,200	0	0
HUDSON CITY BANCORP	COM	443683107	8,371	861,222	SH		SOLE		861,222	0	0
HUMANA	COM	444859102	37,315	286,400	SH		SOLE		286,400	0	0
HUNTINGTON BANCSHARE	COM	446150104	292	29,960	SH		SOLE		29,960	0	0
HUNTSMAN CORPORATION	COM	447011107	7,670	295,100	SH		SOLE		295,100	0	0
ICICI BANK LTD.(ADR)	ADR	45104G104	13,940	283,910	SH		SOLE		283,910	0	0
IHS INC -CLASS A	COM	451734107	15,222	121,591	SH		SOLE		121,591	0	0
ILLINOIS TOOL WORKS	COM	452308109	59,839	708,825	SH		SOLE		708,825	0	0
ILLUMINA INC.	COM	452327109	95,816	584,531	SH		SOLE		584,531	0	0
INFOSYS LTD. (ADR)	ADR	456788108	10,495	173,500	SH		SOLE		173,500	0	0
INGERSOLL-RAND PLC	COM	G47791101	27,518	488,262	SH		SOLE		488,262	0	0
INGRAM MICRO INC 'A'	COM	457153104	12,562	486,700	SH		SOLE		486,700	0	0
INTEGRYS ENERGY GRP	COM	45822P105	9,374	144,620	SH		SOLE		144,620	0	0
INTEL CORPORATION	COM	458140100	328,678	9,439,343	SH		SOLE		9,439,343	0	0
INTERCONTINENTAL EXC	COM	45866F104	92,694	475,233	SH		SOLE		475,233	0	0
INTERPUBLIC GROUP CO	COM	460690100	14,016	765,092	SH		SOLE		765,092	0	0
INTL BUS MACHINES CO	COM	459200101	344,559	1,815,094	SH		SOLE		1,815,094	0	0
INTL FLAVORS&FRAGRAN	COM	459506101	19,716	205,631	SH		SOLE		205,631	0	0
INTL PAPER	COM	460146103	35,827	750,456	SH		SOLE		750,456	0	0
INTUIT INC.	COM	461202103	45,888	523,533	SH		SOLE		523,533	0	0
INTUITIVE SURGICAL	COM	46120E602	65,830	142,544	SH		SOLE		142,544	0	0
INVESCO LTD	COM	G491BT108	49,437	1,252,194	SH		SOLE		1,252,194	0	0
iPath S&P 500 VIX Mid-Term Futures	ETF	06740C519	216	16,469	SH		SOLE		16,469	0	0
IRON MOUNTAIN INC.	COM	462846106	9,574	293,225	SH		SOLE		293,225	0	0
ISHARES 1-3 YEAR CRE	ETF	464288646	583	5,536	SH		SOLE		5,536	0	0
ISHARES 1-3Y TR BD	ETF	464287457	623	7,371	SH		SOLE		7,371	0	0
ISHARES IBOXX $ H/Y	ETF	464288513	1,287	14,000	SH		SOLE		14,000	0	0
ISHARES LATIN AMERIC	ETF	464287390	6,085	165,000	SH		SOLE		165,000	0	0
ISHARES MSCI QATAR C	ETF	46434V779	4,164	158,682	SH		SOLE		158,682	0	0
ISHARES MSCI UAE CAP	ETF	46434V761	4,360	178,376	SH		SOLE		178,376	0	0
ISHARES TIPS BOND ET	ETF	464287176	504	4,500	SH		SOLE		4,500	0	0
ISHARES US REAL ESTA	ETF	464287739	1,246	18,000	SH		SOLE		18,000	0	0
ITAU UNIBANCO HLD(AD	ADR	465562106	7,665	552,266	SH		SOLE		552,266	0	0
JACOBS ENGINEERING	COM	469814107	11,594	237,491	SH		SOLE		237,491	0	0
JARDEN CORP	COM	471109108	18,123	301,500	SH		SOLE		301,500	0	0
JB HUNT TRANSPORT SV	COM	445658107	13,181	178,003	SH		SOLE		178,003	0	0
JM SMUCKER CO	COM	832696405	19,757	199,587	SH		SOLE		199,587	0	0
JOHNSON & JOHNSON	COM	478160104	625,103	5,864,557	SH		SOLE		5,864,557	0	0
JOHNSON CONTROLS	COM	478366107	83,911	1,907,066	SH		SOLE		1,907,066	0	0
JOY GLOBAL INC.	COM	481165108	13,995	256,609	SH		SOLE		256,609	0	0
JPMORGAN CHASE & CO	COM	46625H100	494,845	8,214,566	SH		SOLE		8,214,566	0	0
JUNIPER NETWORKS INC	COM	48203R104	17,142	773,900	SH		SOLE		773,900	0	0
KANSAS CITY SOUTHERN	COM	485170302	24,004	198,049	SH		SOLE		198,049	0	0
KBR INC.	COM	48242W106	4,883	259,346	SH		SOLE		259,346	0	0
KELLOGG	COM	487836108	39,330	638,466	SH		SOLE		638,466	0	0
KEURIG GREEN MOUNTAI	COM	49271M100	28,522	219,180	SH		SOLE		219,180	0	0
KEYCORP	COM	493267108	25,662	1,925,164	SH		SOLE		1,925,164	0	0
KIMBERLY-CLARK CORP	COM	494368103	85,383	793,744	SH		SOLE		793,744	0	0
KIMCO REALTY CORP.	COM	49446R109	16,257	741,972	SH		SOLE		741,972	0	0
KINDER MORGAN INC	COM	49456B101	48,937	1,276,386	SH		SOLE		1,276,386	0	0
KINDER MORGAN MNGMT	COM	49455U100	21,747	230,980	SH		SOLE		230,980	0	0
KLA-TENCOR CORP.	COM	482480100	24,125	306,238	SH		SOLE		306,238	0	0
KOHL'S CORPORATION	COM	500255104	24,339	398,801	SH		SOLE		398,801	0	0
KRAFT FOODS GROUP	COM	50076Q106	69,807	1,237,708	SH		SOLE		1,237,708	0	0
KROGER CO.	COM	501044101	45,768	880,163	SH		SOLE		880,163	0	0
KT CORP (ADR)	ADR	48268K101	932	57,520	SH		SOLE		57,520	0	0
L BRANDS INC	COM	501797104	30,180	450,581	SH		SOLE		450,581	0	0
L-3 COMM. HLDGS INC.	COM	502424104	19,984	168,046	SH		SOLE		168,046	0	0
LABORATORY CORP AMER	COM	50540R409	20,963	206,024	SH		SOLE		206,024	0	0
LAM RESEARCH CORP.	COM	512807108	21,856	292,577	SH		SOLE		292,577	0	0
LAS VEGAS SANDS CORP	COM	517834107	51,513	828,045	SH		SOLE		828,045	0	0
LATAM AIRLINES (ADR)	ADR	51817R106	1,198	105,330	SH		SOLE		105,330	0	0
LEGG MASON INC.	COM	524901105	9,744	190,465	SH		SOLE		190,465	0	0
LEGGETT & PLATT INC.	COM	524660107	9,270	265,472	SH		SOLE		265,472	0	0
LENNAR CORP CL-A	COM	526057104	30,658	789,544	SH		SOLE		789,544	0	0
LEUCADIA NATIONAL CO	COM	527288104	13,537	567,842	SH		SOLE		567,842	0	0
LEVEL 3 COMM. INC.	COM	52729N308	14,735	322,211	SH		SOLE		322,211	0	0
LIBERTY GLOBAL PLC-A	COM	G5480U104	16,648	391,341	SH		SOLE		391,341	0	0
LIBERTY GLOBAL PLC-C	COM	G5480U120	39,370	959,898	SH		SOLE		959,898	0	0
LIBERTY INTER CORP-A	COM	53071M104	43,969	1,541,705	SH		SOLE		1,541,705	0	0
LIBERTY MEDIA CORP-A	COM	531229102	7,817	165,677	SH		SOLE		165,677	0	0
LIBERTY PROPERTY	COM	531172104	8,977	269,903	SH		SOLE		269,903	0	0
LILLY (ELI)	COM	532457108	134,627	2,075,974	SH		SOLE		2,075,974	0	0
LINCOLN ELECTRIC HLD	COM	533900106	32,431	469,090	SH		SOLE		469,090	0	0
LINCOLN NATIONAL CO	COM	534187109	27,069	505,207	SH		SOLE		505,207	0	0
LINEAR TECHNOLOGY	COM	535678106	33,989	765,689	SH		SOLE		765,689	0	0
LINKEDIN CORP - A	COM	53578A108	60,847	292,830	SH		SOLE		292,830	0	0
LKQ CORPORATION	COM	501889208	14,291	537,471	SH		SOLE		537,471	0	0
LOCKHEED MARTIN CORP	COM	539830109	93,572	511,937	SH		SOLE		511,937	0	0
LOEWS CORP	COM	540424108	26,439	634,636	SH		SOLE		634,636	0	0
LORILLARD INC	COM	544147101	39,634	661,561	SH		SOLE		661,561	0	0
LOWE'S COMPANIES	COM	548661107	124,242	2,347,727	SH		SOLE		2,347,727	0	0
LULULEMON ATHLETICA	COM	550021109	8,374	199,341	SH		SOLE		199,341	0	0
LYONDELLBASELL CL-A	COM	N53745100	107,927	993,255	SH		SOLE		993,255	0	0
M & T CORPORATION	COM	55261F104	105,951	859,367	SH		SOLE		859,367	0	0
MACERICH COMPANY	COM	554382101	15,896	249,044	SH		SOLE		249,044	0	0
MACY'S INC.	COM	55616P104	40,218	691,275	SH		SOLE		691,275	0	0
MALLINCKRODT PLC	COM	G5785G107	28,546	316,651	SH		SOLE		316,651	0	0
MANPOWERGROUP	COM	56418H100	20,247	288,837	SH		SOLE		288,837	0	0
MARATHON OIL CORP	COM	565849106	46,207	1,229,245	SH		SOLE		1,229,245	0	0
MARATHON PETROLEUM	COM	56585A102	45,678	539,479	SH		SOLE		539,479	0	0
MARKEL CORP.	COM	570535104	88,547	139,192	SH		SOLE		139,192	0	0
MARKETAXESS HOLDINGS	COM	57060D108	21,527	348,000	SH		SOLE		348,000	0	0
MARRIOTT INTL INC'A'	COM	571903202	30,121	430,910	SH		SOLE		430,910	0	0
MARSH & MCLENNAN COS	COM	571748102	55,277	1,056,122	SH		SOLE		1,056,122	0	0
MARTIN MARIETTA MATE	COM	573284106	72,751	564,223	SH		SOLE		564,223	0	0
MARVELL TECHNOLOGY	COM	G5876H105	38,562	2,860,657	SH		SOLE		2,860,657	0	0
MASCO CORP.	COM	574599106	15,404	644,000	SH		SOLE		644,000	0	0
MASTERCARD INC-CL A	COM	57636Q104	153,639	2,078,446	SH		SOLE		2,078,446	0	0
MATTEL INC	COM	577081102	20,009	652,806	SH		SOLE		652,806	0	0
MAXIM INTEGRATED PRD	COM	57772K101	15,557	514,437	SH		SOLE		514,437	0	0
MCCORMICK & CO INC.	COM	579780206	16,718	249,888	SH		SOLE		249,888	0	0
MCDONALD'S	COM	580135101	189,767	2,001,553	SH		SOLE		2,001,553	0	0
MCGRAW HILL FINCIAL	COM	580645109	45,282	536,198	SH		SOLE		536,198	0	0
MCKESSON CORPORATION	COM	58155Q103	90,806	466,462	SH		SOLE		466,462	0	0
MDU RESOURCES GROUP	COM	552690109	9,269	333,304	SH		SOLE		333,304	0	0
MEAD JOHNSON NUTRITI	COM	582839106	35,391	367,812	SH		SOLE		367,812	0	0
MEADWESTVACO CORP	COM	583334107	12,357	301,837	SH		SOLE		301,837	0	0
MEDNAX INC.	COM	58502B106	3,892	71,000	SH		SOLE		71,000	0	0
MEDTRONIC INC	COM	585055106	140,989	2,275,849	SH		SOLE		2,275,849	0	0
MENTOR GRAPHICS	COM	587200106	2,869	140,000	SH		SOLE		140,000	0	0
MERCK & CO. INC	COM	58933Y105	341,679	5,763,824	SH		SOLE		5,763,824	0	0
METLIFE INC.	COM	59156R108	111,361	2,072,987	SH		SOLE		2,072,987	0	0
METTLER-TOLEDO INTL	COM	592688105	34,647	135,271	SH		SOLE		135,271	0	0
MGM RESORTS INTL	COM	552953101	16,050	704,553	SH		SOLE		704,553	0	0
MICHAEL KORS	COM	G60754101	26,424	370,133	SH		SOLE		370,133	0	0
MICROCHIP TECHNOLOGY	COM	595017104	32,145	680,609	SH		SOLE		680,609	0	0
MICRON TECHNOLOGY	COM	595112103	80,050	2,336,544	SH		SOLE		2,336,544	0	0
MICROSOFT CORP	COM	594918104	794,772	17,143,491	SH		SOLE		17,143,491	0	0
MINAS BUENAVENT.(ADR	ADR	204448104	2,461	212,500	SH		SOLE		212,500	0	0
MINDRAY MEDICAL(ADR)	ADR	602675100	11,393	377,760	SH		SOLE		377,760	0	0
MOBILE TELESYS.(ADR)	ADR	607409109	2,319	155,200	SH		SOLE		155,200	0	0
MOHAWK INDUSTRIES	COM	608190104	15,621	115,867	SH		SOLE		115,867	0	0
MOLSON COORS BR CL-B	COM	60871R209	20,753	278,786	SH		SOLE		278,786	0	0
MONDELEZ INTERNATION	COM	609207105	149,847	4,373,177	SH		SOLE		4,373,177	0	0
MONSANTO COMPANY	COM	61166W101	122,238	1,086,462	SH		SOLE		1,086,462	0	0
MONSTER BEVERAG CORP	COM	611740101	27,461	299,564	SH		SOLE		299,564	0	0
MOODY'S CORPORATION	COM	615369105	91,017	963,144	SH		SOLE		963,144	0	0
MORGAN STANLEY	COM	617446448	92,879	2,686,698	SH		SOLE		2,686,698	0	0
MOTOROLA SOLUTIONS	COM	620076307	28,992	458,151	SH		SOLE		458,151	0	0
MURPHY OIL CORP.	COM	626717102	18,151	318,948	SH		SOLE		318,948	0	0
MYLAN INC	COM	628530107	38,499	846,320	SH		SOLE		846,320	0	0
MYRIAD GENETICS INC.	COM	62855J104	17,000	440,770	SH		SOLE		440,770	0	0
NABORS INDUSTRIES	COM	G6359F103	16,152	709,680	SH		SOLE		709,680	0	0
NASDAQ OMX GROUP	COM	631103108	9,054	213,438	SH		SOLE		213,438	0	0
NATIONAL-OILWELL V	COM	637071101	59,739	785,009	SH		SOLE		785,009	0	0
NAVIENT CORP	COM	63938C108	14,497	818,588	SH		SOLE		818,588	0	0
NETAPP INC	COM	64110D104	27,797	647,034	SH		SOLE		647,034	0	0
NETFLIX.COM INC.	COM	64110L106	46,049	102,063	SH		SOLE		102,063	0	0
NETSUITE INC.	COM	64118Q107	5,595	62,481	SH		SOLE		62,481	0	0
NEW ORIENTAL ED(ADR)	ADR	647581107	8,938	385,260	SH		SOLE		385,260	0	0
NEW YORK COMMUN.BANC	COM	649445103	25,404	1,600,744	SH		SOLE		1,600,744	0	0
NEWELL RUBBERMAID	COM	651229106	26,734	776,914	SH		SOLE		776,914	0	0
NEWMONT MINING CO HL	COM	651639106	24,019	1,042,025	SH		SOLE		1,042,025	0	0
NEWS CORP-CLASS A	COM	65249B109	10,964	670,561	SH		SOLE		670,561	0	0
NEXTERA ENERGY INC.	COM	65339F101	83,842	893,078	SH		SOLE		893,078	0	0
NIELSEN NV	COM	N63218106	27,614	622,917	SH		SOLE		622,917	0	0
NIKE INC CL'B'	COM	654106103	112,483	1,261,018	SH		SOLE		1,261,018	0	0
NISOURCE INC.	COM	65473P105	24,077	587,523	SH		SOLE		587,523	0	0
NOBLE CORP PLC	COM	G65431101	11,311	509,050	SH		SOLE		509,050	0	0
NOBLE ENERGY INC	COM	655044105	44,596	652,367	SH		SOLE		652,367	0	0
NORDSTROM INC.	COM	655664100	17,452	255,259	SH		SOLE		255,259	0	0
NORFOLK SOUTHERN	COM	655844108	84,682	758,800	SH		SOLE		758,800	0	0
NORTHEAST UTILITIES	COM	664397106	29,854	673,910	SH		SOLE		673,910	0	0
NORTHERN TRUST	COM	665859104	27,514	404,437	SH		SOLE		404,437	0	0
NORTHROP GRUMMAN	COM	666807102	48,929	371,352	SH		SOLE		371,352	0	0
NOW INC	COM	67011P100	37,443	1,231,283	SH		SOLE		1,231,283	0	0
NRG ENERGY INC	COM	629377508	29,445	966,043	SH		SOLE		966,043	0	0
NUANCE COMMUNICATION	COM	67020Y100	7,009	454,665	SH		SOLE		454,665	0	0
NUCOR CORP	COM	670346105	31,214	575,055	SH		SOLE		575,055	0	0
NVIDIA CORP.	COM	67066G104	23,199	1,257,411	SH		SOLE		1,257,411	0	0
NXP SEMICONDUCTOR NV	COM	N6596X109	13,780	201,371	SH		SOLE		201,371	0	0
OCCIDENTAL PETROLEUM	COM	674599105	142,640	1,483,520	SH		SOLE		1,483,520	0	0
OCEANEERING INTL INC	COM	675232102	12,640	193,955	SH		SOLE		193,955	0	0
OCWEN FINANCIAL CORP	COM	675746309	5,472	209,031	SH		SOLE		209,031	0	0
OGE ENERGY CORP	COM	670837103	13,838	372,896	SH		SOLE		372,896	0	0
OLD REPUBLIC INTL.	COM	680223104	163	11,395	SH		SOLE		11,395	0	0
OMNICARE INC.	COM	681904108	15,839	254,408	SH		SOLE		254,408	0	0
OMNICOM GROUP	COM	681919106	32,029	465,138	SH		SOLE		465,138	0	0
ONEOK INC.	COM	682680103	24,856	379,194	SH		SOLE		379,194	0	0
ORACLE CORPORATION	COM	68389X105	348,032	9,091,732	SH		SOLE		9,091,732	0	0
O'REILLY AUTOMOTIVE	COM	67103H107	34,831	231,650	SH		SOLE		231,650	0	0
OWENS-ILLINOIS INC.	COM	690768403	8,104	311,077	SH		SOLE		311,077	0	0
PACCAR INC	COM	693718108	36,236	637,113	SH		SOLE		637,113	0	0
PACKAGING CORP AMERI	COM	695156109	3,606	56,500	SH		SOLE		56,500	0	0
PALL CORP	COM	696429307	16,480	196,894	SH		SOLE		196,894	0	0
PARKER HANNIFIN	COM	701094104	35,930	314,761	SH		SOLE		314,761	0	0
PARTNERRE LIMITED	COM	G6852T105	10,604	96,492	SH		SOLE		96,492	0	0
PATTERSON COS INC	COM	703395103	6,452	155,725	SH		SOLE		155,725	0	0
PAYCHEX INC	COM	704326107	35,953	813,419	SH		SOLE		813,419	0	0
PEABODY ENERGY CO.	COM	704549104	6,025	486,636	SH		SOLE		486,636	0	0
PENTAIR PLC	COM	G7S00T104	23,352	356,581	SH		SOLE		356,581	0	0
PEOPLE'S UNITED FIN.	COM	712704105	11,798	815,334	SH		SOLE		815,334	0	0
PEPCO HOLDINGS INC.	COM	713291102	12,088	451,713	SH		SOLE		451,713	0	0
PEPSICO INC.	COM	713448108	313,106	3,363,474	SH		SOLE		3,363,474	0	0
PERRIGO CO PLC	COM	G97822103	37,830	251,878	SH		SOLE		251,878	0	0
PETROLEO BRASIL(ADR)	ADR	71654V101	826	55,500	SH		SOLE		55,500	0	0
PETSMART INC.	COM	716768106	27,558	393,178	SH		SOLE		393,178	0	0
PFIZER INC.	COM	717081103	403,955	13,660,977	SH		SOLE		13,660,977	0	0
PG AND E CORPORATION	COM	69331C108	43,755	971,480	SH		SOLE		971,480	0	0
PHARMACYCLICS INC.	COM	716933106	13,350	113,684	SH		SOLE		113,684	0	0
PHILIP MORRIS INTL	COM	718172109	305,633	3,664,667	SH		SOLE		3,664,667	0	0
PHILIPPINE LONG(ADR)	ADR	718252604	1,069	15,500	SH		SOLE		15,500	0	0
PHILLIPS 66	COM	718546104	111,176	1,367,305	SH		SOLE		1,367,305	0	0
PINNACLE WEST CAPITA	COM	723484101	11,321	207,185	SH		SOLE		207,185	0	0
PIONEER NATURAL RES	COM	723787107	50,611	256,950	SH		SOLE		256,950	0	0
PLUM CREEK TIMBER CO	COM	729251108	12,467	319,594	SH		SOLE		319,594	0	0
PNC FIN. SERVICES	COM	693475105	83,288	973,221	SH		SOLE		973,221	0	0
POLARIS INDUSTRIES	COM	731068102	16,960	113,222	SH		SOLE		113,222	0	0
PPG INDUSTRIES	COM	693506107	55,897	284,114	SH		SOLE		284,114	0	0
PPL CORPORATION	COM	69351T106	44,729	1,362,023	SH		SOLE		1,362,023	0	0
PRAXAIR INC.	COM	74005P104	110,800	858,914	SH		SOLE		858,914	0	0
PRECISION CASTPARTS	COM	740189105	61,910	261,358	SH		SOLE		261,358	0	0
PRICELINE GROUP INC	COM	741503403	134,262	115,885	SH		SOLE		115,885	0	0
PRINCIPAL FINANCIAL	COM	74251V102	34,480	657,138	SH		SOLE		657,138	0	0
PROCTER & GAMBLE	COM	742718109	442,237	5,281,067	SH		SOLE		5,281,067	0	0
PROGRESSIVE CORP	COM	743315103	49,985	1,977,238	SH		SOLE		1,977,238	0	0
PROLOGIS INC	COM	74340W103	33,749	895,208	SH		SOLE		895,208	0	0
PRUDENTIAL FINANCIAL	COM	744320102	95,547	1,086,507	SH		SOLE		1,086,507	0	0
PUBLIC SERVICE ENTER	COM	744573106	35,913	964,359	SH		SOLE		964,359	0	0
PUBLIC STORAGE	COM	74460D109	46,738	281,825	SH		SOLE		281,825	0	0
PULTE GROUP INC.	COM	745867101	10,873	615,661	SH		SOLE		615,661	0	0
PVH CORP	COM	693656100	21,984	181,460	SH		SOLE		181,460	0	0
QEP RESOURCES INC.	COM	74733V100	9,568	310,845	SH		SOLE		310,845	0	0
QIAGEN N.V.	COM	N72482107	6,448	283,160	SH		SOLE		283,160	0	0
QUALCOMM INC	COM	747525103	293,000	3,918,678	SH		SOLE		3,918,678	0	0
QUANTA SERVICES INC	COM	74762E102	15,766	434,453	SH		SOLE		434,453	0	0
QUEST DIAGNOSTICS	COM	74834L100	19,916	328,220	SH		SOLE		328,220	0	0
QUIMICA Y MINERA(ADR	ADR	833635105	920	35,200	SH		SOLE		35,200	0	0
QUINTILES TRANS HOLD	COM	74876Y101	5,788	103,764	SH		SOLE		103,764	0	0
RACKSPACE HOSTING	COM	750086100	6,920	212,581	SH		SOLE		212,581	0	0
RALPH LAUREN CORP-A	COM	751212101	18,379	111,572	SH		SOLE		111,572	0	0
RANGE RESOURCES CORP	COM	75281A109	20,621	304,094	SH		SOLE		304,094	0	0
RAYMOND JAMES FIN.	COM	754730109	17,444	325,574	SH		SOLE		325,574	0	0
RAYONIER INC	COM	754907103	7,192	230,965	SH		SOLE		230,965	0	0
RAYTHEON COMPANY	COM	755111507	58,098	571,723	SH		SOLE		571,723	0	0
REALOGY HLDGS CORP	COM	75605Y106	9,708	260,979	SH		SOLE		260,979	0	0
REALTY INCOME CORP	COM	756109104	21,749	533,200	SH		SOLE		533,200	0	0
RED HAT INC	COM	756577102	19,309	343,878	SH		SOLE		343,878	0	0
REGENCY CENTERS CORP	COM	758849103	9,001	167,212	SH		SOLE		167,212	0	0
REGENERON PHARMACEUT	COM	75886F107	51,386	142,532	SH		SOLE		142,532	0	0
REGIONS FINANCIAL	COM	7591EP100	40,994	4,083,097	SH		SOLE		4,083,097	0	0
RENAISSANCERE HLDGS	COM	G7496G103	13,391	133,922	SH		SOLE		133,922	0	0
REPUBLIC SERVICES	COM	760759100	22,677	581,159	SH		SOLE		581,159	0	0
RESMED INC	COM	761152107	12,658	256,907	SH		SOLE		256,907	0	0
REYNOLDS AMERICAN	COM	761713106	52,369	887,605	SH		SOLE		887,605	0	0
RITCHIE BROS. AUCTIO	COM	767744105	7,944	354,790	SH		SOLE		354,790	0	0
ROBERT HALF INTL INC	COM	770323103	12,870	262,660	SH		SOLE		262,660	0	0
ROCK-TENN CO. CL-A	COM	772739207	39,247	824,864	SH		SOLE		824,864	0	0
ROCKWELL AUTOMATION	COM	773903109	27,436	249,690	SH		SOLE		249,690	0	0
ROCKWELL COLLINS	COM	774341101	17,850	227,393	SH		SOLE		227,393	0	0
ROPER INDUSTRIES INC	COM	776696106	26,221	179,239	SH		SOLE		179,239	0	0
ROSS STORES INC.	COM	778296103	30,568	404,452	SH		SOLE		404,452	0	0
ROYAL CARIB CRUISES	COM	V7780T103	78,459	1,165,976	SH		SOLE		1,165,976	0	0
RYANAIR HLDGS (ADR)	ADR	783513104	33,408	592,030	SH		SOLE		592,030	0	0
RYDER SYSTEM	COM	783549108	7,385	82,086	SH		SOLE		82,086	0	0
SAFEWAY INC	COM	786514208	15,173	442,376	SH		SOLE		442,376	0	0
SALESFORCE.COM INC.	COM	79466L302	91,729	1,594,455	SH		SOLE		1,594,455	0	0
SANDISK CORPORATION	COM	80004C101	67,422	688,330	SH		SOLE		688,330	0	0
SBA COMMUNICATIONS	COM	78388J106	36,422	328,419	SH		SOLE		328,419	0	0
SCANA CORP	COM	80589M102	12,644	254,858	SH		SOLE		254,858	0	0
SCHLUMBERGER LIMITED	COM	806857108	288,763	2,839,644	SH		SOLE		2,839,644	0	0
SCHWAB (CHAS) CORP	COM	808513105	62,008	2,109,820	SH		SOLE		2,109,820	0	0
SCRIPPS NETWORKS 'A'	COM	811065101	11,461	146,767	SH		SOLE		146,767	0	0
SEAGATE TECHNOLOGY	COM	G7945M107	36,347	634,666	SH		SOLE		634,666	0	0
SEALED AIR CORP.	COM	81211K100	12,858	368,642	SH		SOLE		368,642	0	0
SEARS HOLDING CORP	COM	812350106	2,497	98,977	SH		SOLE		98,977	0	0
SEATTLE GENETICS INC	COM	812578102	30,759	827,300	SH		SOLE		827,300	0	0
SEI INVESTMENTS CO	COM	784117103	9,235	255,397	SH		SOLE		255,397	0	0
SEMPRA ENERGY	COM	816851109	51,242	486,262	SH		SOLE		486,262	0	0
SEMTECH CORPORATION	COM	816850101	2,715	100,000	SH		SOLE		100,000	0	0
SENSATA TECH HLDG NV	COM	N7902X106	12,683	284,828	SH		SOLE		284,828	0	0
SERVICENOW INC.	COM	81762P102	13,635	231,972	SH		SOLE		231,972	0	0
SHERWIN WILLIAMS	COM	824348106	66,741	304,768	SH		SOLE		304,768	0	0
SHINHAN FIN GRP(ADR)	ADR	824596100	1,396	30,700	SH		SOLE		30,700	0	0
SIGMA ALDRICH CORP	COM	826552101	29,441	216,460	SH		SOLE		216,460	0	0
SIGNATURE BANK	COM	82669G104	4,258	38,000	SH		SOLE		38,000	0	0
SILICONWARE PREC(ADR	ADR	827084864	4,277	627,147	SH		SOLE		627,147	0	0
SIMON PROPERTY(REIT)	COM	828806109	100,812	613,138	SH		SOLE		613,138	0	0
SIRIUS XM HOLDINGS	COM	82968B103	19,596	5,614,838	SH		SOLE		5,614,838	0	0
SK TELECOM (ADR)	ADR	78440P108	1,561	51,457	SH		SOLE		51,457	0	0
SL GREEN REALTY CORP	COM	78440X101	17,493	172,653	SH		SOLE		172,653	0	0
SLM CORPORATION	COM	78442P106	255	29,734	SH		SOLE		29,734	0	0
SMITH (A.O.) CORP.	COM	831865209	2,908	61,500	SH		SOLE		61,500	0	0
SOUTHERN CO.	COM	842587107	89,340	2,046,741	SH		SOLE		2,046,741	0	0
SOUTHERN COPPER CORP	COM	84265V105	6,025	203,214	SH		SOLE		203,214	0	0
SOUTHWEST AIRLINES	COM	844741108	12,742	377,330	SH		SOLE		377,330	0	0
SOUTHWESTERN ENERGY	COM	845467109	26,580	760,503	SH		SOLE		760,503	0	0
SPDR Dow Jones Industrial Average ETF Trust	ETF	78467X109	15,017	88,300	SH		SOLE		88,300	0	0
SPDR GOLD TRUST	ETF	78463V107	2,324	20,000	SH		SOLE		20,000	0	0
SPECTRA ENERGY CORP	COM	847560109	48,656	1,239,336	SH		SOLE		1,239,336	0	0
SPLUNK INC.	COM	848637104	13,242	239,200	SH		SOLE		239,200	0	0
SPRINT CORP	COM	85207U105	9,100	1,435,327	SH		SOLE		1,435,327	0	0
SPX CORP	COM	784635104	6,415	68,293	SH		SOLE		68,293	0	0
ST.JUDE MEDICAL	COM	790849103	31,429	522,692	SH		SOLE		522,692	0	0
STANLEY BLACK & DECK	COM	854502101	65,543	738,179	SH		SOLE		738,179	0	0
STAPLES INC.	COM	855030102	14,334	1,184,622	SH		SOLE		1,184,622	0	0
STARBUCKS CORP	COM	855244109	104,091	1,379,416	SH		SOLE		1,379,416	0	0
STARWOOD H & R WORLD	COM	85590A401	28,799	346,106	SH		SOLE		346,106	0	0
STATE STREET CORP	COM	857477103	57,786	785,030	SH		SOLE		785,030	0	0
STEEL DYNAMICS INC.	COM	858119100	8,976	397,000	SH		SOLE		397,000	0	0
STERICYCLE INC.	COM	858912108	33,438	286,872	SH		SOLE		286,872	0	0
STRATASYS LTD.	COM	M85548101	15,073	124,800	SH		SOLE		124,800	0	0
STRYKER CORP	COM	863667101	53,172	658,471	SH		SOLE		658,471	0	0
SUNTRUST BANKS INC	COM	867914103	37,227	978,895	SH		SOLE		978,895	0	0
SUPERIOR ENERGY SRV.	COM	868157108	8,956	272,478	SH		SOLE		272,478	0	0
SVB FINANCIAL GROUP	COM	78486Q101	4,366	38,950	SH		SOLE		38,950	0	0
SYMANTEC CORPORATION	COM	871503108	29,169	1,240,699	SH		SOLE		1,240,699	0	0
SYNOPSYS INC.	COM	871607107	17,076	430,183	SH		SOLE		430,183	0	0
SYSCO CORPORATION	COM	871829107	41,147	1,084,255	SH		SOLE		1,084,255	0	0
T ROWE PRICE GROUP	COM	74144T108	37,629	479,963	SH		SOLE		479,963	0	0
TAIWAN SEMICOND.(ADR	ADR	874039100	42,312	2,096,710	SH		SOLE		2,096,710	0	0
TAL EDUCATION GR(ADR	ADR	874080104	839	24,000	SH		SOLE		24,000	0	0
TARGET CORP.	COM	87612E106	86,744	1,383,920	SH		SOLE		1,383,920	0	0
TATA MOTORS (ADR)	ADR	876568502	2,474	56,600	SH		SOLE		56,600	0	0
TD AMERITRADE HLDG	COM	87236Y108	101,339	3,036,832	SH		SOLE		3,036,832	0	0
TE CONNECTIVITY LTD	COM	H84989104	49,688	898,684	SH		SOLE		898,684	0	0
TELEFONICA BRA(ADR)	ADR	87936R106	1,177	59,830	SH		SOLE		59,830	0	0
TERADATA CORPORATION	COM	88076W103	30,738	733,251	SH		SOLE		733,251	0	0
TERADYNE INC	COM	880770102	13,311	686,470	SH		SOLE		686,470	0	0
TEREX CORPORATION	COM	880779103	3,812	120,000	SH		SOLE		120,000	0	0
TESLA MOTORS INC.	COM	88160R101	81,406	335,446	SH		SOLE		335,446	0	0
TESORO CORPORATION	COM	881609101	14,220	233,185	SH		SOLE		233,185	0	0
TEVA PHARMACEUT(ADR)	ADR	881624209	10,941	203,550	SH		SOLE		203,550	0	0
TEXAS INSTRUMENTS	COM	882508104	93,265	1,955,642	SH		SOLE		1,955,642	0	0
TEXTRON	COM	883203101	17,854	496,070	SH		SOLE		496,070	0	0
THE ADT CORPORATION	COM	00101J106	11,216	316,303	SH		SOLE		316,303	0	0
THE HERSHEY COMPANY	COM	427866108	36,123	378,524	SH		SOLE		378,524	0	0
THE MOSAIC COMPANY	COM	61945C103	45,047	1,014,351	SH		SOLE		1,014,351	0	0
THERMO FISHER SCIENT	COM	883556102	111,797	918,628	SH		SOLE		918,628	0	0
TIFFANY & CO.	COM	886547108	55,947	580,907	SH		SOLE		580,907	0	0
TIM PARTICIPACOES	ADR	88706P205	819	31,241	SH		SOLE		31,241	0	0
TIME INC	COM	887228104	293	12,511	SH		SOLE		12,511	0	0
TIME WARNER CABLE	COM	88732J207	72,786	507,255	SH		SOLE		507,255	0	0
TIME WARNER INC	COM	887317303	156,668	2,083,078	SH		SOLE		2,083,078	0	0
TJX COMPANIES	COM	872540109	120,425	2,035,234	SH		SOLE		2,035,234	0	0
T-MOBILE US INC	COM	872590104	12,401	429,529	SH		SOLE		429,529	0	0
TOLL BROTHERS INC.	COM	889478103	9,377	300,946	SH		SOLE		300,946	0	0
TORCHMARK CORP	COM	891027104	12,843	245,234	SH		SOLE		245,234	0	0
TOTAL SYSTEM SERVICE	COM	891906109	9,815	317,020	SH		SOLE		317,020	0	0
TOWERS WATSON & CO	COM	891894107	12,654	127,180	SH		SOLE		127,180	0	0
TRACTOR SUPPLY CO	COM	892356106	15,320	249,069	SH		SOLE		249,069	0	0
TRANSDIGM GROUP INC	COM	893641100	16,716	90,684	SH		SOLE		90,684	0	0
TRAVELERS COMPANIES	COM	89417E109	63,735	678,467	SH		SOLE		678,467	0	0
TRIMBLE NAVIGATION	COM	896239100	14,252	467,276	SH		SOLE		467,276	0	0
TRIPADVISOR INC	COM	896945201	87,872	961,186	SH		SOLE		961,186	0	0
TRIUMPH GROUP INC.	COM	896818101	7,481	115,000	SH		SOLE		115,000	0	0
TRW AUTOMOTIVE HLDGS	COM	87264S106	20,664	204,088	SH		SOLE		204,088	0	0
TWENTY-FIRST CENT(A)	COM	90130A101	88,238	2,573,274	SH		SOLE		2,573,274	0	0
TWENTY-FIRST CENT(B)	COM	90130A200	26,594	798,378	SH		SOLE		798,378	0	0
TWITTER INC	COM	90184L102	44,617	865,000	SH		SOLE		865,000	0	0
TYCO INTL LTD	COM	H89128104	37,110	832,628	SH		SOLE		832,628	0	0
TYSON FOODS CL 'A'	COM	902494103	26,795	680,585	SH		SOLE		680,585	0	0
U.S. BANCORP	COM	902973304	194,327	4,645,631	SH		SOLE		4,645,631	0	0
UDR INC	COM	902653104	12,196	447,558	SH		SOLE		447,558	0	0
ULTA SALON COSMETICS	COM	90384S303	12,972	109,770	SH		SOLE		109,770	0	0
ULTRA PETROLEUM CORP	COM	903914109	35,439	1,523,613	SH		SOLE		1,523,613	0	0
ULTRAPAR PARTIC(ADR)	ADR	90400P101	1,297	61,400	SH		SOLE		61,400	0	0
UNDER ARMOUR -CL A	COM	904311107	20,364	294,707	SH		SOLE		294,707	0	0
UNION PACIFIC	COM	907818108	179,762	1,658,018	SH		SOLE		1,658,018	0	0
UNITED CONTINENTAL	COM	910047109	7,860	167,992	SH		SOLE		167,992	0	0
UNITED MICROELEC(ADR	ADR	910873405	613	308,200	SH		SOLE		308,200	0	0
UNITED NATURAL FOODS	COM	911163103	5,531	90,000	SH		SOLE		90,000	0	0
UNITED PARCEL SRV-B	COM	911312106	145,776	1,483,117	SH		SOLE		1,483,117	0	0
UNITED RENTALS INC.	COM	911363109	38,452	346,101	SH		SOLE		346,101	0	0
UNITED TECHNOLOGIES	COM	913017109	208,774	1,977,023	SH		SOLE		1,977,023	0	0
UNITEDHEALTH GROUP	COM	91324P102	168,829	1,957,443	SH		SOLE		1,957,443	0	0
UNIVERSAL HEALTH-B	COM	913903100	17,294	165,489	SH		SOLE		165,489	0	0
UNUM GROUP	COM	91529Y106	16,292	473,889	SH		SOLE		473,889	0	0
URBAN OUTFITTERS INC	COM	917047102	7,470	203,543	SH		SOLE		203,543	0	0
V.F. CORP	COM	918204108	40,901	619,438	SH		SOLE		619,438	0	0
VALE SA (ADR)(PFD)	ADR	91912E204	613	63,100	SH		SOLE		63,100	0	0
VALERO ENERGY CORP.	COM	91913Y100	58,463	1,263,509	SH		SOLE		1,263,509	0	0
VANTIV INC-CL A	COM	92210H105	11,341	367,029	SH		SOLE		367,029	0	0
VARIAN MEDICAL SYSTE	COM	92220P105	42,720	533,204	SH		SOLE		533,204	0	0
VCA INC	COM	918194101	9,278	235,900	SH		SOLE		235,900	0	0
VENTAS INC.	COM	92276F100	34,197	552,002	SH		SOLE		552,002	0	0
VERISIGN INC.	COM	92343E102	12,766	231,600	SH		SOLE		231,600	0	0
VERISK ANALYTICS -A	COM	92345Y106	17,925	294,383	SH		SOLE		294,383	0	0
VERIZON COMMUNICAT.	COM	92343V104	451,778	9,037,367	SH		SOLE		9,037,367	0	0
VERTEX PHARMACEUTIC.	COM	92532F100	47,469	422,657	SH		SOLE		422,657	0	0
VIACOM INC.CLS-B NEW	COM	92553P201	75,078	975,796	SH		SOLE		975,796	0	0
VINA CONCHA Y T(ADR)	ADR	927191106	604	15,210	SH		SOLE		15,210	0	0
VISA INC-CL A SHARES	COM	92826C839	238,235	1,116,535	SH		SOLE		1,116,535	0	0
VMWARE INC. CLASS-A	COM	928563402	14,206	151,385	SH		SOLE		151,385	0	0
VORNADO REALTY TRUST	COM	929042109	30,657	306,688	SH		SOLE		306,688	0	0
VOYA FINANCIAL INC	COM	929089100	12,406	317,277	SH		SOLE		317,277	0	0
VULCAN MATERIALS CO	COM	929160109	14,034	233,010	SH		SOLE		233,010	0	0
WAL MART STORES INC.	COM	931142103	293,872	3,842,967	SH		SOLE		3,842,967	0	0
WALGREEN CO.	COM	931422109	97,427	1,643,787	SH		SOLE		1,643,787	0	0
WALT DISNEY CO	COM	254687106	271,498	3,049,507	SH		SOLE		3,049,507	0	0
WASTE MANAGEMENT INC	COM	94106L109	43,395	912,997	SH		SOLE		912,997	0	0
WATERS CORPORATION	COM	941848103	64,096	646,653	SH		SOLE		646,653	0	0
WATSCO INC.	COM	942622200	29,732	345,000	SH		SOLE		345,000	0	0
WELLPOINT INC.	COM	94973V107	148,990	1,245,529	SH		SOLE		1,245,529	0	0
WELLS FARGO COMPANY	COM	949746101	502,180	9,681,511	SH		SOLE		9,681,511	0	0
WESTERN DIGITAL CORP	COM	958102105	41,820	429,719	SH		SOLE		429,719	0	0
WESTERN UNION COM.	COM	959802109	16,334	1,018,349	SH		SOLE		1,018,349	0	0
WESTLAKE CHEMICAL	COM	960413102	7,203	83,181	SH		SOLE		83,181	0	0
WEYERHAEUSER	COM	962166104	31,245	980,686	SH		SOLE		980,686	0	0
WHIRLPOOL CORP	COM	963320106	34,382	236,056	SH		SOLE		236,056	0	0
WHITING PETROLEUM CO	COM	966387102	16,836	217,100	SH		SOLE		217,100	0	0
WHOLE FOODS MARKET	COM	966837106	47,232	1,239,356	SH		SOLE		1,239,356	0	0
WILLIAMS COMPANIES	COM	969457100	70,254	1,269,273	SH		SOLE		1,269,273	0	0
WILLIS GROUP HLDGS	COM	G96666105	12,801	309,191	SH		SOLE		309,191	0	0
WINDSTREAM HOLDINGS	COM	97382A101	11,837	1,098,068	SH		SOLE		1,098,068	0	0
WIPRO LIMITED (ADR)	ADR	97651M109	6,683	549,597	SH		SOLE		549,597	0	0
WISCONSIN ENERGY	COM	976657106	22,099	513,928	SH		SOLE		513,928	0	0
WORKDAY INC	COM	98138H101	28,218	342,036	SH		SOLE		342,036	0	0
WYNDHAM WORLDWIDE CO	COM	98310W108	18,866	232,163	SH		SOLE		232,163	0	0
WYNN RESORTS LIMITED	COM	983134107	27,201	145,400	SH		SOLE		145,400	0	0
XCEL ENERGY INC	COM	98389B100	30,752	1,011,566	SH		SOLE		1,011,566	0	0
XEROX	COM	984121103	35,937	2,716,348	SH		SOLE		2,716,348	0	0
XILINX INC.	COM	983919101	57,249	1,351,801	SH		SOLE		1,351,801	0	0
XL GROUP PLC	COM	G98290102	16,965	511,443	SH		SOLE		511,443	0	0
XYLEM INC.	COM	98419M100	12,188	343,430	SH		SOLE		343,430	0	0
YAHOO! INC.	COM	984332106	71,553	1,755,912	SH		SOLE		1,755,912	0	0
YUM! BRANDS INC	COM	988498101	57,495	798,770	SH		SOLE		798,770	0	0
ZIMMER HOLDINGS INC.	COM	98956P102	30,591	304,232	SH		SOLE		304,232	0	0
ZIONS BANCORPORATION	COM	989701107	24,913	857,279	SH		SOLE		857,279	0	0
ZOETIS INC	COM	98978V103	33,070	894,999	SH		SOLE		894,999	0	0
ALIBABA GROUP HO(ADR	ADR	01609W102	6,706	75,470	SH		SOLE		75,470	0	0
FNF GROUP	COM	31620R303	12,504	450,757	SH		SOLE		450,757	0	0
LIBERTY MEDIA CORP-C	COM	531229300	17,680	376,255	SH		SOLE		376,255	0	0
WEATHERFORD INTERNAT	COM	G48833100	29,351	1,411,108	SH		SOLE		1,411,108	0	0
TIMKENSTEEL CORP	COM	887399103	325	7,000	SH		SOLE		7,000	0	0
ETFS GOLD TR	COM	26922Y105	9,241	78,000	SH		SOLE		78,000	0	0
POWERSHARES QQQ TRUST	COM	73935A104	593	6,000	SH		SOLE		6,000	0	0
SPDR S&P 500 ETF TR	COM	78462F103	10,048	51,000	SH		SOLE		51,000	0	0