Motley Fool Asset Management 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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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
Berkshire Hathaway Inc	Ordinary Shares	084670108	17,424	93	SH		SOLE		93	0	0
Markel Corp	Ordinary Shares	570535104	14,724	24,700	SH		SOLE		24,700	0	0
Google Inc	Ordinary Shares	38259P508	13,486	12,100	SH		SOLE		12,100	0	0
WellPoint Inc	Ordinary Shares	94973V107	13,081	131,397	SH		SOLE		131,397	0	0
Under Armour Inc	Ordinary Shares	904311107	13,059	113,910	SH		SOLE		113,910	0	0
HDFC Bank Ltd	American Depository Receipts	40415F101	12,229	298,050	SH		SOLE		298,050	0	0
Williams-Sonoma Inc	Ordinary Shares	969904101	11,915	178,800	SH		SOLE		178,800	0	0
Natus Medical Inc	Ordinary Shares	639050103	11,264	436,600	SH		SOLE		436,600	0	0
Banco Latinoamericano de Comercio Exterior SA	Ordinary Shares	P16994132	11,023	417,365	SH		SOLE		417,365	0	0
Loews Corp	Ordinary Shares	540424108	10,757	244,190	SH		SOLE		244,190	0	0
Costco Wholesale Corp	Ordinary Shares	22160K105	10,114	90,558	SH		SOLE		90,558	0	0
American Woodmark Corp	Ordinary Shares	030506109	9,831	292,068	SH		SOLE		292,068	0	0
Intel Corp	Ordinary Shares	458140100	9,680	375,000	SH		SOLE		375,000	0	0
Apple Inc	Ordinary Shares	037833100	9,608	17,900	SH		SOLE		17,900	0	0
SBA Communications Corp	Ordinary Shares	78388J106	9,442	103,800	SH		SOLE		103,800	0	0
Baidu Inc	American Depository Receipts	056752108	8,847	58,100	SH		SOLE		58,100	0	0
Infinera Corp	Ordinary Shares	45667G103	8,813	970,600	SH		SOLE		970,600	0	0
Chipotle Mexican Grill Inc	Ordinary Shares	169656105	8,634	15,200	SH		SOLE		15,200	0	0
Credicorp Ltd	Ordinary Shares	G2519Y108	8,620	62,500	SH		SOLE		62,500	0	0
American Tower Corp	Ordinary Shares	03027X100	8,244	100,700	SH		SOLE		100,700	0	0
HCC Insurance Holdings Inc	Ordinary Shares	404132102	8,106	178,200	SH		SOLE		178,200	0	0
Geospace Technologies Corp	Ordinary Shares	37364X109	8,079	122,101	SH		SOLE		122,101	0	0
Denbury Resources Inc	Ordinary Shares	247916208	7,208	439,500	SH		SOLE		439,500	0	0
Innophos Holdings Inc	Ordinary Shares	45774N108	6,870	121,164	SH		SOLE		121,164	0	0
Taiwan Semiconductor Manufacturing Co Ltd	American Depository Receipts	874039100	6,817	340,500	SH		SOLE		340,500	0	0
Level 3 Communications Inc	Ordinary Shares	52729N308	6,651	169,918	SH		SOLE		169,918	0	0
Covanta Holding Corp	Ordinary Shares	22282E102	6,317	350,000	SH		SOLE		350,000	0	0
KAR Auction Services Inc	Ordinary Shares	48238T109	6,152	202,708	SH		SOLE		202,708	0	0
Covidien PLC	Ordinary Shares	G2254F113	5,718	77,628	SH		SOLE		77,628	0	0
CSX Corp	Ordinary Shares	126408103	5,707	197,000	SH		SOLE		197,000	0	0
Ciena Corp	Ordinary Shares	171779309	5,549	244,000	SH		SOLE		244,000	0	0
DR.REDDY'S LABORATORIES LTD	American Depository Receipts	256135203	5,486	124,956	SH		SOLE		124,956	0	0
Monarch Financial Holdings Inc	Ordinary Shares	60907Q100	5,103	416,272	SH		SOLE		416,272	0	0
DreamWorks Animation SKG Inc	Ordinary Shares	26153C103	4,821	181,600	SH		SOLE		181,600	0	0
Gaming and Leisure Properties Inc	Real Estate Trust	36467J108	4,779	131,087	SH		SOLE		131,087	0	0
Carbo Ceramics Inc	Ordinary Shares	140781105	4,692	34,000	SH		SOLE		34,000	0	0
Tractor Supply Co	Ordinary Shares	892356106	4,450	63,000	SH		SOLE		63,000	0	0
XPO Logistics Inc	Ordinary Shares	983793100	4,294	146,000	SH		SOLE		146,000	0	0
KapStone Paper and Packaging Corp	Ordinary Shares	48562P103	4,124	143,000	SH		SOLE		143,000	0	0
TriMas Corp	Ordinary Shares	896215209	4,087	123,091	SH		SOLE		123,091	0	0
Thor Industries Inc	Ordinary Shares	885160101	4,030	66,000	SH		SOLE		66,000	0	0
Wynn Resorts Ltd	Ordinary Shares	983134107	3,999	18,000	SH		SOLE		18,000	0	0
Autozone Inc	Ordinary Shares	053332102	3,921	7,300	SH		SOLE		7,300	0	0
Texas Roadhouse Inc	Ordinary Shares	882681109	3,886	149,000	SH		SOLE		149,000	0	0
Diamond Hill Investment Group Inc	Ordinary Shares	25264R207	3,815	29,023	SH		SOLE		29,023	0	0
Tri Pointe Homes Inc	Ordinary Shares	87265H109	3,798	234,000	SH		SOLE		234,000	0	0
Brookfield Infrastructure Partners LP	Unit	G16252101	3,634	92,127	SH		SOLE		92,127	0	0
Drew Industries Inc	Ordinary Shares	26168L205	3,496	64,500	SH		SOLE		64,500	0	0
Varian Medical Systems Inc	Ordinary Shares	92220P105	3,318	39,500	SH		SOLE		39,500	0	0
Zimmer Holdings Inc	Ordinary Shares	98956P102	3,310	35,000	SH		SOLE		35,000	0	0
Urban Outfitters Inc	Ordinary Shares	917047102	3,173	87,000	SH		SOLE		87,000	0	0
INTL FCStone Inc	Ordinary Shares	46116V105	3,100	164,813	SH		SOLE		164,813	0	0
Crimson Wine Group Ltd	Ordinary Shares	22662X100	3,063	346,047	SH		SOLE		346,047	0	0
CGG SA	American Depository Receipts	12531Q105	3,035	189,700	SH		SOLE		189,700	0	0
Schweitzer Mauduit International Inc	Ordinary Shares	808541106	2,981	70,000	SH		SOLE		70,000	0	0
Actuant Corp	Ordinary Shares	00508X203	2,800	82,000	SH		SOLE		82,000	0	0
Horsehead Holding Corp	Ordinary Shares	440694305	2,745	163,200	SH		SOLE		163,200	0	0
Carter Bank and Trust	Ordinary Shares	146102108	2,690	239,070	SH		SOLE		239,070	0	0
Suffolk Bancorp	Ordinary Shares	864739107	2,646	118,646	SH		SOLE		118,646	0	0
BRF SA	American Depository Receipts	10552T107	2,572	128,704	SH		SOLE		128,704	0	0
Liberty Interactive Corp	Ordinary Shares	53071M104	2,569	89,000	SH		SOLE		89,000	0	0
Retail Opportunity Investments Corp	Real Estate Trust	76131N101	2,563	171,560	SH		SOLE		171,560	0	0
C.H. Robinson Worldwide Inc	Ordinary Shares	12541W209	2,410	46,000	SH		SOLE		46,000	0	0
Aceto Corp	Ordinary Shares	004446100	2,259	112,436	SH		SOLE		112,436	0	0
Capstead Mortgage Corp	Real Estate Trust	14067E506	1,772	140,000	SH		SOLE		140,000	0	0
Catamaran Corp	Ordinary Shares	148887102	1,477	33,000	SH		SOLE		33,000	0	0
Red Robin Gourmet Burgers Inc	Ordinary Shares	75689M101	1,434	20,000	SH		SOLE		20,000	0	0
Quest Diagnostics Inc	Ordinary Shares	74834L100	1,390	24,000	SH		SOLE		24,000	0	0
TD Ameritrade Holding Corp	Ordinary Shares	87236Y108	1,290	38,000	SH		SOLE		38,000	0	0
CASCADE BANCORP	Ordinary Shares	147154207	1,260	225,000	SH		SOLE		225,000	0	0
Steiner Leisure Ltd	Ordinary Shares	P8744Y102	1,156	25,000	SH		SOLE		25,000	0	0
Penn National Gaming Inc	Ordinary Shares	707569109	1,148	93,200	SH		SOLE		93,200	0	0
Access National Corp	Ordinary Shares	004337101	1,062	65,529	SH		SOLE		65,529	0	0
Annaly Capital Management Inc	Ordinary Shares	035710409	1,042	95,000	SH		SOLE		95,000	0	0
Virtus Investment Partners Inc	Ordinary Shares	92828Q109	1,039	6,000	SH		SOLE		6,000	0	0
Statoil ASA	American Depository Receipts	85771P102	1,016	36,000	SH		SOLE		36,000	0	0
Home Federal Bancorp Inc	Ordinary Shares	43710G105	995	63,942	SH		SOLE		63,942	0	0
Cooper Companies Inc	Ordinary Shares	216648402	962	7,000	SH		SOLE		7,000	0	0
New Hampshire Thrift Bancshares Inc	Ordinary Shares	644722100	851	57,594	SH		SOLE		57,594	0	0
Industrias Bachoco SAB de CV	American Depository Receipts	456463108	850	19,455	SH		SOLE		19,455	0	0
Harley-Davidson Inc	Ordinary Shares	412822108	833	12,500	SH		SOLE		12,500	0	0
Rio Alto Mining Ltd	Ordinary Shares	76689T104	621	320,000	SH		SOLE		320,000	0	0
Panera Bread Co	Ordinary Shares	69840W108	353	2,000	SH		SOLE		2,000	0	0
Flowers Foods Inc	Ordinary Shares	343498101	300	14,000	SH		SOLE		14,000	0	0