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: July 31, 2015
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
ALLEGIANT TRAVEL CO COM 01748X102 1,035,148 18,838 SH SOLE NONE 18,838 0 0
ALLY FINL INC COM 02005N100 1,059,440 27,200 SH SOLE NONE 27,200 0 0
AMBEV SA SPONSORED ADR 02319V103 5,011,836 2,079,600 SH SOLE NONE 2,079,600 0 0
ARROW ELECTRS INC COM 042735100 46,805,039 367,300 SH SOLE NONE 367,300 0 0
AUTOHOME INC SP ADS RP CL A 05278C107 3,837,552 148,800 SH SOLE NONE 148,800 0 0
CEMEX SAB DE CV SPON ADR NEW 151290889 4,920,418 710,017 SH SOLE NONE 710,017 0 0
CHUBB LIMITED COM H1467J104 53,221,564 183,700 SH SOLE NONE 183,700 0 0
COMPANIA DE MINAS BUENAVENTU SPONSORED ADR 204448104 6,645,519 404,721 SH SOLE NONE 404,721 0 0
CURIOSITYSTREAM INC COM CL A 23130Q107 1,028,601 182,700 SH SOLE NONE 182,700 0 0
DISNEY WALT CO COM 254687106 54,055,959 435,900 SH SOLE NONE 435,900 0 0
EMBRAER S.A. SPONSORED ADS 29082A107 6,996,971 122,948 SH SOLE NONE 122,948 0 0
INFOSYS LTD SPONSORED ADR 456788108 4,121,943 222,447 SH SOLE NONE 222,447 0 0
LEAR CORP CORP NEW 521865204 58,148,466 612,218 SH SOLE NONE 612,218 0 0
MOLSON COORS BEVERAGE CO CL B 60871R209 346,248 7,200 SH SOLE NONE 7,200 0 0
OCEANEERING INTL INC COM 675232102 595,265 28,729 SH SOLE NONE 28,729 0 0
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 5,795,123 502,177 SH SOLE NONE 502,177 0 0
PHILIP MORRIS INTL INC COM 718172109 491,751 2,700 SH SOLE NONE 2,700 0 0
SOUTHWEST AIRLS CO COM 844741108 32,796,840 1,011,000 SH SOLE NONE 1,011,000 0 0
TERNIUM SA SPONSORED ADS 880890108 4,171,920 138,602 SH SOLE NONE 138,602 0 0