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 |
Brookfield Infrastructure Partners LP | Unit | G16252101 | 3,503 | 92,127 | SH | | SOLE | | 92,127 | 0 | 0 |
Credicorp Ltd | Ordinary Shares | 002232878 | 6,808 | 53,000 | SH | | SOLE | | 53,000 | 0 | 0 |
Brookfield Asset Management Inc | Ordinary Shares | 112585104 | 6,899 | 184,474 | SH | | SOLE | | 184,474 | 0 | 0 |
Covidien PLC | Ordinary Shares | 00B68SQD2 | 4,456 | 73,128 | SH | | SOLE | | 73,128 | 0 | 0 |
Mallinckrodt plc | Ordinary Shares | G5785G107 | 270 | 6,125 | SH | | SOLE | | 6,125 | 0 | 0 |
Banco Latinoamericano de Comercio Exterior SA | Ordinary Shares | P16994132 | 7,597 | 304,865 | SH | | SOLE | | 304,865 | 0 | 0 |
Access National Corp | Ordinary Shares | 004337101 | 934 | 65,529 | SH | | SOLE | | 65,529 | 0 | 0 |
Actuant Corp | Ordinary Shares | 00508X203 | 2,194 | 56,500 | SH | | SOLE | | 56,500 | 0 | 0 |
American Tower Corp | Real Estate Trust | 03027X100 | 6,390 | 86,200 | SH | | SOLE | | 86,200 | 0 | 0 |
American Woodmark Corp | Ordinary Shares | 030506109 | 3,299 | 95,200 | SH | | SOLE | | 95,200 | 0 | 0 |
Annaly Capital Management Inc | Real Estate Trust | 035710409 | 5,165 | 445,989 | SH | | SOLE | | 445,989 | 0 | 0 |
ANSYS Inc | Ordinary Shares | 03662Q105 | 718 | 8,300 | SH | | SOLE | | 8,300 | 0 | 0 |
Apple Inc | Ordinary Shares | 037833100 | 7,938 | 16,650 | SH | | SOLE | | 16,650 | 0 | 0 |
Autozone Inc | Ordinary Shares | 053332102 | 2,452 | 5,800 | SH | | SOLE | | 5,800 | 0 | 0 |
Baidu Inc | American Depository Receipts | 056752108 | 10,909 | 70,300 | SH | | SOLE | | 70,300 | 0 | 0 |
Berkshire Hathaway Inc | Ordinary Shares | 084670108 | 13,122 | 77 | SH | | SOLE | | 77 | 0 | 0 |
BRF SA | American Depository Receipts | 10552T107 | 2,667 | 108,704 | SH | | SOLE | | 108,704 | 0 | 0 |
CGG SA | American Depository Receipts | 12531Q105 | 2,593 | 112,500 | SH | | SOLE | | 112,500 | 0 | 0 |
C.H. Robinson Worldwide Inc | Ordinary Shares | 12541W209 | 2,443 | 41,000 | SH | | SOLE | | 41,000 | 0 | 0 |
Capstead Mortgage Corp | Real Estate Trust | 14067E506 | 1,648 | 140,000 | SH | | SOLE | | 140,000 | 0 | 0 |
Carbo Ceramics Inc | Ordinary Shares | 002238821 | 3,092 | 31,200 | SH | | SOLE | | 31,200 | 0 | 0 |
Carter Bank and Trust | Ordinary Shares | 146102108 | 1,574 | 141,828 | SH | | SOLE | | 141,828 | 0 | 0 |
Chipotle Mexican Grill Inc | Ordinary Shares | 169656105 | 8,233 | 19,200 | SH | | SOLE | | 19,200 | 0 | 0 |
Cisco Systems Inc | Ordinary Shares | 17275R102 | 2,460 | 105,000 | SH | | SOLE | | 105,000 | 0 | 0 |
Costco Wholesale Corp | Ordinary Shares | 22160K105 | 7,608 | 66,058 | SH | | SOLE | | 66,058 | 0 | 0 |
Crimson Wine Group Ltd | Ordinary Shares | 22662X100 | 2,005 | 210,000 | SH | | SOLE | | 210,000 | 0 | 0 |
Denbury Resources Inc | Ordinary Shares | 247916208 | 7,502 | 407,500 | SH | | SOLE | | 407,500 | 0 | 0 |
Diamond Hill Investment Group Inc | Ordinary Shares | 25264R207 | 3,104 | 29,023 | SH | | SOLE | | 29,023 | 0 | 0 |
DR.REDDY'S LABORATORIES LTD | American Depository Receipts | 256135203 | 4,722 | 124,956 | SH | | SOLE | | 124,956 | 0 | 0 |
Dollar Tree Inc | Ordinary Shares | 256746108 | 2,572 | 45,000 | SH | | SOLE | | 45,000 | 0 | 0 |
DreamWorks Animation SKG Inc | Ordinary Shares | 26153C103 | 4,969 | 174,600 | SH | | SOLE | | 174,600 | 0 | 0 |
Drew Industries Inc | Ordinary Shares | 26168L205 | 2,519 | 55,311 | SH | | SOLE | | 55,311 | 0 | 0 |
Flow International Corp | Ordinary Shares | 343468104 | 1,510 | 378,400 | SH | | SOLE | | 378,400 | 0 | 0 |
Geospace Technologies Corp | Ordinary Shares | 37364X109 | 8,420 | 99,900 | SH | | SOLE | | 99,900 | 0 | 0 |
Google Inc | Ordinary Shares | 38259P508 | 9,723 | 11,100 | SH | | SOLE | | 11,100 | 0 | 0 |
HCC Insurance Holdings Inc | Ordinary Shares | 404132102 | 7,677 | 175,200 | SH | | SOLE | | 175,200 | 0 | 0 |
HDFC Bank Ltd | American Depository Receipts | 40415F101 | 7,589 | 246,550 | SH | | SOLE | | 246,550 | 0 | 0 |
Horsehead Holding Corp | Ordinary Shares | 440694305 | 2,033 | 163,200 | SH | | SOLE | | 163,200 | 0 | 0 |
Industrias Bachoco SAB de CV | American Depository Receipts | 456463108 | 474 | 12,000 | SH | | SOLE | | 12,000 | 0 | 0 |
Infinera Corp | Ordinary Shares | 45667G103 | 8,723 | 770,600 | SH | | SOLE | | 770,600 | 0 | 0 |
Innophos Holdings Inc | Ordinary Shares | 45774N108 | 6,131 | 116,164 | SH | | SOLE | | 116,164 | 0 | 0 |
INTL FCStone Inc | Ordinary Shares | 46116V105 | 3,064 | 149,813 | SH | | SOLE | | 149,813 | 0 | 0 |
KAR Auction Services Inc | Ordinary Shares | 48238T109 | 5,718 | 202,708 | SH | | SOLE | | 202,708 | 0 | 0 |
KapStone Paper and Packaging Corp | Ordinary Shares | 48562P103 | 2,363 | 55,200 | SH | | SOLE | | 55,200 | 0 | 0 |
Level 3 Communications Inc | Ordinary Shares | 52729N308 | 4,535 | 169,918 | SH | | SOLE | | 169,918 | 0 | 0 |
Liberty Interactive Corp | Ordinary Shares | 53071M104 | 1,365 | 58,150 | SH | | SOLE | | 58,150 | 0 | 0 |
Loews Corp | Ordinary Shares | 540424108 | 9,824 | 210,190 | SH | | SOLE | | 210,190 | 0 | 0 |
Markel Corp | Ordinary Shares | 570535104 | 10,226 | 19,750 | SH | | SOLE | | 19,750 | 0 | 0 |
Monarch Financial Holdings Inc | Ordinary Shares | 60907Q100 | 4,313 | 368,016 | SH | | SOLE | | 368,016 | 0 | 0 |
Natus Medical Inc | Ordinary Shares | 639050103 | 6,191 | 436,600 | SH | | SOLE | | 436,600 | 0 | 0 |
New Hampshire Thrift Bancshares Inc | Ordinary Shares | 644722100 | 779 | 57,594 | SH | | SOLE | | 57,594 | 0 | 0 |
Nuverra Environmental Solutions Inc | Ordinary Shares | 67091K104 | 598 | 261,000 | SH | | SOLE | | 261,000 | 0 | 0 |
Occidental Petroleum Corp | Ordinary Shares | 674599105 | 4,597 | 49,145 | SH | | SOLE | | 49,145 | 0 | 0 |
Panera Bread Co | Ordinary Shares | 69840W108 | 793 | 5,000 | SH | | SOLE | | 5,000 | 0 | 0 |
Penn National Gaming Inc | Ordinary Shares | 707569109 | 5,160 | 93,200 | SH | | SOLE | | 93,200 | 0 | 0 |
Quest Diagnostics Inc | Ordinary Shares | 74834L100 | 1,483 | 24,000 | SH | | SOLE | | 24,000 | 0 | 0 |
Red Robin Gourmet Burgers Inc | Ordinary Shares | 75689M101 | 1,422 | 20,000 | SH | | SOLE | | 20,000 | 0 | 0 |
Retail Opportunity Investments Corp | Real Estate Trust | 76131N101 | 2,368 | 171,560 | SH | | SOLE | | 171,560 | 0 | 0 |
SBA Communications Corp | Ordinary Shares | 78388J106 | 7,825 | 97,250 | SH | | SOLE | | 97,250 | 0 | 0 |
Schweitzer Mauduit International Inc | Ordinary Shares | 808541106 | 3,026 | 50,000 | SH | | SOLE | | 50,000 | 0 | 0 |
Statoil ASA | American Depository Receipts | 002763129 | 590 | 26,000 | SH | | SOLE | | 26,000 | 0 | 0 |
Suffolk Bancorp | Ordinary Shares | 864739107 | 1,659 | 93,646 | SH | | SOLE | | 93,646 | 0 | 0 |
Sunstone Hotel Investors Inc | Real Estate Trust | 867892101 | 548 | 43,000 | SH | | SOLE | | 43,000 | 0 | 0 |
TD Ameritrade Holding Corp | Ordinary Shares | 87236Y108 | 5,838 | 223,000 | SH | | SOLE | | 223,000 | 0 | 0 |
Tri Pointe Homes Inc | Ordinary Shares | 87265H109 | 2,275 | 155,000 | SH | | SOLE | | 155,000 | 0 | 0 |
Taiwan Semiconductor Manufacturing Co Ltd | American Depository Receipts | 002113382 | 4,622 | 272,500 | SH | | SOLE | | 272,500 | 0 | 0 |
Teva Pharmaceutical Industries Ltd | American Depository Receipts | 881624209 | 461 | 12,201 | SH | | SOLE | | 12,201 | 0 | 0 |
Texas Roadhouse Inc | Ordinary Shares | 882681109 | 3,393 | 129,000 | SH | | SOLE | | 129,000 | 0 | 0 |
Thor Industries Inc | Ordinary Shares | 885160101 | 3,482 | 59,988 | SH | | SOLE | | 59,988 | 0 | 0 |
Tractor Supply Co | Ordinary Shares | 892356106 | 3,009 | 44,800 | SH | | SOLE | | 44,800 | 0 | 0 |
TriMas Corp | Ordinary Shares | 896215209 | 3,668 | 98,300 | SH | | SOLE | | 98,300 | 0 | 0 |
Under Armour Inc | Ordinary Shares | 904311107 | 9,050 | 113,910 | SH | | SOLE | | 113,910 | 0 | 0 |
Varian Medical Systems Inc | Ordinary Shares | 92220P105 | 2,653 | 35,500 | SH | | SOLE | | 35,500 | 0 | 0 |
Virtus Investment Partners Inc | Ordinary Shares | 00B3KKGQ8 | 976 | 6,000 | SH | | SOLE | | 6,000 | 0 | 0 |
WellPoint Inc | Ordinary Shares | 94973V107 | 9,314 | 111,397 | SH | | SOLE | | 111,397 | 0 | 0 |
Williams-Sonoma Inc | Ordinary Shares | 969904101 | 2,462 | 43,800 | SH | | SOLE | | 43,800 | 0 | 0 |
Wynn Resorts Ltd | Ordinary Shares | 983134107 | 2,844 | 18,000 | SH | | SOLE | | 18,000 | 0 | 0 |
XPO Logistics Inc | Ordinary Shares | 983793100 | 2,600 | 120,000 | SH | | SOLE | | 120,000 | 0 | 0 |
Yum! Brands Inc | Ordinary Shares | 988498101 | 3,151 | 44,132 | SH | | SOLE | | 44,132 | 0 | 0 |
Zimmer Holdings Inc | Ordinary Shares | 98956P102 | 2,875 | 35,000 | SH | | SOLE | | 35,000 | 0 | 0 |