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
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
ADVANCED ENERGY INDS COM 007973100 2,825 162,260 SH   DFND   162,260 0 0
ADVANCED ENERGY INDS COM 007973100 814 46,740 SH   DFND 1 46,740 0 0
AIXTRON SE SPONSORED ADR 009606104 4,428 263,890 SH   DFND   263,890 0 0
AIXTRON SE SPONSORED ADR 009606104 1,299 77,420 SH   DFND 1 77,420 0 0
ALTERA CORP COM 021441100 6,616 200,550 SH   DFND   200,550 0 0
ALTERA CORP COM 021441100 1,928 58,430 SH   DFND 1 58,430 0 0
ALTERA CORP COM 021441100 138 565 SH Call DFND   565 0 0
ALTERA CORP COM 021441100 40 164 SH Call DFND 1 164 0 0
APPLIED MATLS INC COM 038222105 9,278 621,870 SH   DFND   621,870 0 0
APPLIED MATLS INC COM 038222105 2,669 178,900 SH   DFND 1 178,900 0 0
ARROW ELECTRS INC COM 042735100 874 21,930 SH   DFND 1 21,930 0 0
AVAGO TECHNOLOGIES LTD SHS Y0486S104 2,446 65,430 SH   DFND   65,430 0 0
AVAGO TECHNOLOGIES LTD SHS Y0486S104 705 18,860 SH   DFND 1 18,860 0 0
AVNET INC COM 053807103 2,923 87,000 SH   DFND   87,000 0 0
AVX CORP NEW COM 002444107 1,095 93,220 SH   DFND 1 93,220 0 0
AVX CORP NEW COM 002444107 3,771 320,900 SH   DFND   320,900 0 0
BROADCOM CORP CL A 111320107 1,895 56,080 SH   DFND 1 56,080 0 0
BROADCOM CORP CL A 111320107 6,524 193,060 SH   DFND   193,060 0 0
CANADIAN SOLAR INC COM 136635109 1,912 173,950 SH   DFND 1 173,950 0 0
CANADIAN SOLAR INC COM 136635109 6,587 599,340 SH   DFND   599,340 0 0
CAVIUM INC COM 14964U108 1,535 43,410 SH   DFND 1 43,410 0 0
CAVIUM INC COM 14964U108 5,338 150,910 SH   DFND   150,910 0 0
CIENA CORP COM NEW 171779309 3,374 173,670 SH   DFND   173,670 0 0
CIENA CORP COM NEW 171779309 972 50,000 SH   DFND 1 50,000 0 0
CREE INC COM 225447101 1,114 1,204 SH Call DFND   1,204 0 0
CREE INC COM 225447101 324 350 SH Call DFND 1 350 0 0
EXPEDIA INC DEL COM NEW 30212P303 1,209 20,100 SH   DFND 1 20,100 0 0
EXPEDIA INC DEL COM NEW 30212P303 4,204 69,900 SH   DFND   69,900 0 0
FABRINET SHS G3323L100 2,786 199,010 SH   DFND   199,010 0 0
FABRINET SHS G3323L100 809 57,790 SH   DFND 1 57,790 0 0
FACEBOOK INC CL A 30303M102 1,741 69,970 SH   DFND 1 69,970 0 0
FACEBOOK INC CL A 30303M102 6,044 242,910 SH   DFND   242,910 0 0
FAIRCHILD SEMICONDUCTOR INTL COM 303726103 2,056 148,980 SH   DFND 1 148,980 0 0
FAIRCHILD SEMICONDUCTOR INTL COM 303726103 7,136 517,070 SH   DFND   517,070 0 0
FAIRCHILD SEMICONDUCTOR INTL COM 303726103 217 1,060 SH Call DFND   1,060 0 0
FAIRCHILD SEMICONDUCTOR INTL COM 303726103 63 308 SH Call DFND 1 308 0 0
FREESCALE SEMICONDUCTOR LTD SHS G3727Q101 6,129 452,330 SH   DFND   452,330 0 0
FREESCALE SEMICONDUCTOR LTD SHS G3727Q101 1,763 130,100 SH   DFND 1 130,100 0 0
IMPERVA INC COM 45321L100 2,330 51,740 SH   DFND   51,740 0 0
IMPERVA INC COM 45321L100 670 14,880 SH   DFND 1 14,880 0 0
JDS UNIPHASE CORP COM PAR $0.001 46612J507 1,836 127,580 SH   DFND 1 127,580 0 0
JDS UNIPHASE CORP COM PAR $0.001 46612J507 6,371 442,730 SH   DFND   442,730 0 0
JUNIPER NETWORKS INC COM 48203R104 6,882 356,380 SH   DFND   356,380 0 0
JUNIPER NETWORKS INC COM 48203R104 1,982 102,660 SH   DFND 1 102,660 0 0
LAM RESEARCH CORP COM 512807108 9,796 220,930 SH   DFND   220,930 0 0
LAM RESEARCH CORP COM 512807108 2,823 63,660 SH   DFND 1 63,660 0 0
MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 3,838 327,760 SH   DFND   327,760 0 0
MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 1,106 94,440 SH   DFND 1 94,440 0 0
MAXIM INTEGRATED PRODS INC COM 57772K101 1,494 53,770 SH   DFND 1 53,770 0 0
MAXIM INTEGRATED PRODS INC COM 57772K101 5,183 186,590 SH   DFND   186,590 0 0
MICROCHIP TECHNOLOGY INC COM 595017104 1,975 53,020 SH   DFND 1 53,020 0 0
MICROCHIP TECHNOLOGY INC COM 595017104 6,855 184,030 SH   DFND   184,030 0 0
MICRON TECHNOLOGY INC COM 595112103 12,126 846,180 SH   DFND   846,180 0 0
MICRON TECHNOLOGY INC COM 595112103 3,489 243,450 SH   DFND 1 243,450 0 0
ON SEMICONDUCTOR CORP COM 682189105 6,989 864,980 SH   DFND   864,980 0 0
ON SEMICONDUCTOR CORP COM 682189105 2,011 248,910 SH   DFND 1 248,910 0 0
POWER INTEGRATIONS INC COM 739276103 1,123 27,690 SH   DFND 1 27,690 0 0
POWER INTEGRATIONS INC COM 739276103 3,897 96,090 SH   DFND   96,090 0 0
RIVERBED TECHNOLOGY INC COM 768573107 765 49,140 SH   DFND 1 49,140 0 0
RIVERBED TECHNOLOGY INC COM 768573107 2,659 170,860 SH   DFND   170,860 0 0
RUDOLPH TECHNOLOGIES INC COM 781270103 1,797 160,490 SH   DFND 1 160,490 0 0
RUDOLPH TECHNOLOGIES INC COM 781270103 6,250 558,030 SH   DFND   558,030 0 0
SANDISK CORP COM 80004C101 9,432 154,370 SH   DFND   154,370 0 0
SANDISK CORP COM 80004C101 2,742 44,880 SH   DFND 1 44,880 0 0
SILICONWARE PRECISION INDS L SPONSD ADR SPL 827084864 1,057 168,540 SH   DFND   168,540 0 0
SILICONWARE PRECISION INDS L SPONSD ADR SPL 827084864 307 49,010 SH   DFND 1 49,010 0 0
SUNEDISON INC COM 86732Y109 1,274 155,900 SH   DFND 1 155,900 0 0
SUNEDISON INC COM 86732Y109 4,427 541,900 SH   DFND   541,900 0 0
SUNPOWER CORP COM 867652406 792 38,260 SH   DFND 1 38,260 0 0
SUNPOWER CORP COM 867652406 2,748 132,740 SH   DFND   132,740 0 0
SYNAPTICS INC COM 87157D109 1,480 38,380 SH   DFND 1 38,380 0 0
SYNAPTICS INC COM 87157D109 5,139 133,270 SH   DFND   133,270 0 0
TERADYNE INC COM 880770102 2,088 118,860 SH   DFND 1 118,860 0 0
TERADYNE INC COM 880770102 7,249 412,570 SH   DFND   412,570 0 0
TRINA SOLAR LIMITED SPON ADR 89628E104 3,350 562,050 SH   DFND   562,050 0 0
TRINA SOLAR LIMITED SPON ADR 89628E104 965 161,930 SH   DFND 1 161,930 0 0
VEECO INSTRS INC DEL COM 922417100 39 302 SH Call DFND 1 302 0 0
VEECO INSTRS INC DEL COM 922417100 133 1,040 SH Call DFND   1,040 0 0
VEECO INSTRS INC DEL COM 922417100 4,803 135,630 SH   DFND   135,630 0 0
VEECO INSTRS INC DEL COM 922417100 1,382 39,040 SH   DFND 1 39,040 0 0
VISHAY INTERTECHNOLOGY INC COM 928298108 4,171 300,280 SH   DFND   300,280 0 0
VISHAY INTERTECHNOLOGY INC COM 928298108 1,200 86,390 SH   DFND 1 86,390 0 0