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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
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 16 137 SH   DFND 1,2 137 0 0
ISHARES MSCI JAPAN ETF 46434G822 64 1,307 SH   DFND 1,2 1,307 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 332 1,486 SH   DFND 1,2 1,486 0 0
ISHARES RUSSEL 2000 ETF WTH 464287655 30 220 SH   DFND 1,2 220 0 0
ONCOCYTE CORPORATION COM 68235C107 0 21 SH   DFND 1,2 21 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 29 841 SH   DFND 1,2 841 0 0
ISHARES MSCI PAC JP ETF 464286665 16 413 SH   DFND 1,2 413 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 29 592 SH   DFND 1,2 592 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 158 4,413 SH   DFND 1,2 4,413 0 0
VANGUARD INTL EQUITY INDEX F FTSE PACIFIC ETF 922042866 105 1,815 SH   DFND 1,2 1,815 0 0
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 23 113 SH   DFND 1,2 113 0 0
ORMAT TECHNOLOGIES INC COM 686688102 15,506 289,192 SH   DFND 1,2 289,192 0 0
ISHARES RUSSEL 2000 ETF WTH 464287655 38,602 286,260 SH   DFND 1,2 286,260 0 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 3,087 85,160 SH   DFND 1,2 85,160 0 0
CONSUMER DISCRETIONARY SELT SELT 81369Y407 32,767 402,546 SH   DFND 1,2 402,546 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 259 7,405 SH   DFND 1,2 7,405 0 0
ISHARES MSCI JAPAN ETF TR SBI CONS DISCR 46434G822 7,704 157,671 SH   DFND 1,2 157,671 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 59,866 267,819 SH   DFND 1,2 267,819 0 0
OPKO HEALTH INC COM 68375N103 10,869 1,168,723 SH   DFND 1,2 1,168,723 0 0
VANGUARD INDEX FDS REIT ETF 922908553 233,922 2,834,388 SH   DFND 1,2 2,834,388 0 0
FINANCIAL SELECT SECTOR SPDR TR UNIT 81369Y605 38,737 1,666,093 SH   DFND 1,2 1,666,093 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 429 3,618 SH   DFND   3,618 0 0
ISHARES MSCI JAPAN ETF 46434G822 1,639 33,545 SH   DFND   33,545 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 8,910 39,859 SH   DFND   39,859 0 0
ISHARES RUSSEL 2000 ETF WTH 464287655 752 5,580 SH   DFND   5,580 0 0
ONCOCYTE CORPORATION COM 68235C107 4 550 SH   DFND   550 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 10,513 300,273 SH   DFND   300,273 0 0
ISHARES MSCI PAC JP ETF 464286665 450 11,382 SH   DFND   11,382 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 724 14,908 SH   DFND   14,908 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 3,976 111,121 SH   DFND   111,121 0 0
VANGUARD INTL EQUITY INDEX F FTSE PACIFIC ETF 922042866 2,652 45,628 SH   DFND   45,628 0 0
ISHARES TR CORE S&P500 ETF 464287200 447 1,985 SH   DFND   1,985 0 0
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 490 2,387 SH   DFND   2,387 0 0
ORMAT TECHNOLOGIES INC COM 686688102 23,546 439,134 SH   DFND   439,134 0 0
ISHARES RUSSEL 2000 ETF WTH 464287655 57,209 424,240 SH   DFND   424,240 0 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 5,134 141,629 SH   DFND   141,629 0 0
CONSUMER DISCRETIONARY SELT SELT 81369Y407 48,561 596,574 SH   DFND   596,574 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 8,454 241,486 SH   DFND   241,486 0 0
ISHARES MSCI JAPAN ETF MSCI JAPAN ETF 46434G822 9,031 184,839 SH   DFND   184,839 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 75,385 337,246 SH   DFND   337,246 0 0
OPKO HEALTH INC COM 68375N103 18,115 1,947,882 SH   DFND   1,947,882 0 0
VANGUARD INDEX FDS REIT ETF 922908553 468,716 5,679,336 SH   DFND   5,679,336 0 0
FINANCIAL SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y605 57,408 2,469,157 SH   DFND   2,469,157 0 0