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
KRANESHARES TR CSI CHI INTERNET 500767306 1,441 40,000 SH   DFND 1 40,000 0 0
CHARM COMMUNICATIONS INC ADR SHS CL A 16112R101 562 129,808 SH   DFND 1 129,808 0 0
AUTONAVI HLDGS LTD SPONSORED ADR 05330F106 3,996 199,400 SH   DFND 1 199,400 0 0
SINA CORP ORD G81477104 5,432 89,920 SH   DFND 1 89,920 0 0
GT ADVANCED TECHNOLOGIES INC COM 36191U106 1,644 96,437 SH   DFND 1 96,437 0 0
ISHARES NASDQ BIOTEC ETF 464287556 3,168 13,400 SH   DFND 1 13,400 0 0
NETEASE INC SPONSORED ADR 64110W102 1,609 23,914 SH   DFND 1 23,914 0 0
HIMAX TECHNOLOGIES INC SPONSORED ADR 43289P106 1,303 113,100 SH   DFND 1 113,100 0 0
BAIDU INC SPON ADR REP A 056752108 1,523 10,000 SH   DFND 1 10,000 0 0
GOOGLE INC CL A 38259P508 1,909 1,713 SH   DFND 1 1,713 0 0
TAL ED GROUP ADS REPSTG COM 874080104 8,468 376,002 SH   DFND 1 376,002 0 0
E HOUSE CHINA HLDGS LTD ADR 26852W103 16,077 1,329,812 SH   DFND 1 1,329,812 0 0
PROSHARES TR SHRT 20+YR TRE 74347X849 5,145 169,395 SH   DFND 1 169,395 0 0
PROSHARES TR PSHS ULTSH 20YRS 74347B201 5,129 75,923 SH   DFND 1 75,923 0 0
CLOROX CO DEL COM 189054109 2,935 33,343 SH   DFND 1 33,343 0 0
KELLOGG CO COM 487836108 3,000 47,842 SH   DFND 1 47,842 0 0
KIMBERLY CLARK CORP COM 494368103 3,197 29,000 SH   DFND 1 29,000 0 0
ABBVIE INC COM 00287Y109 3,216 62,567 SH   DFND 1 62,567 0 0
PROCTER AND GAMBLE CO COM 742718109 6,222 77,200 SH   DFND 1 77,200 0 0
MCDONALDS CORP COM 580135101 2,566 26,175 SH   DFND 1 26,175 0 0
LAS VEGAS SANDS CORP COM 517834107 1,196 14,810 SH   DFND 1 14,810 0 0
VISA INC COM CL A 92826C839 1,964 9,100 SH   DFND 1 9,100 0 0
COCA COLA CO COM 191216100 2,444 63,220 SH   DFND 1 63,220 0 0
DISNEY WALT CO COM DISNEY 254687106 1,642 20,500 SH   DFND 1 20,500 0 0
MANCHESTER UTD PLC NEW ORD CL A G5784H106 977 56,690 SH   DFND 1 56,690 0 0