Instuitional Investor - Pictet North America Advisors Sa

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Burford Capital Ltd	BUR	7,647,727	$118,259,280	15.28%
2.	Ishares Inc		878,637	$56,355,777	7.28%
3.	Microsoft Corp	MSFT	84,474	$31,765,603	4.1%
4.	Spdr Gold Trust	GLD	158,847	$30,366,781	3.92%
5.	Amazon Com Inc	AMZN	148,673	$22,589,376	2.91%