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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
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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
ORMAT TECHNOLOGIES INC COM 686688102 18,029 281,880 SH   DFND 1,2 281,880 0 0
MYLAN N V SHS EURO COM n59465109 21,728 513,535 SH   DFND 1,2 513,535 0 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 7,491 395,299 SH   DFND 1,2 395,299 0 0
SODASTREAM INTERNATIONAL LTD USD SHS COM M9068E105 5,440 77,339 SH   DFND 1,2 77,339 0 0
PERRIGO CO PLC SHS COM g97822103 4,615 52,953 SH   DFND 1,2 52,953 0 0
TOWER SEMICONDUCTOR LTD SHS NEW COM M87915274 6,732 197,525 SH   DFND 1,2 197,525 0 0
ISHARES MSCI JAPAN ETF TR SBI CONS DISCR 46434G822 9,449 157,671 SH   DFND 1,2 157,671 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 153,465 575,077 SH   DFND 1,2 575,077 0 0
OPKO HEALTH INC COM 68375N103 4,884 996,718 SH   DFND 1,2 996,718 0 0
VANGUARD INDEX FDS REIT ETF 922908553 302,169 3,641,466 SH   DFND 1,2 3,641,466 0 0
SPDR TR TECHNOLOGY TR UNIT 81369Y803 23,426 366,324 SH   DFND 1,2 366,324 0 0
FINANCIAL SELECT SECTOR SPDR TR UNIT 81369Y605 22,102 791,885 SH   DFND 1,2 791,885 0 0
VANGUARD INDEX FDS REIT ETF 922908553 35,723 430,500 SH   DFND   430,500 0 0
ORMAT TECHNOLOGIES INC COM 686688102 27,339 427,446 SH   DFND   427,446 0 0
MYLAN N V SHS EURO COM n59465109 35,463 838,165 SH   DFND   838,165 0 0
ISHARES TR PUT MSCI ACWI ETF 464288240 166 986 SH Put DFND   0 0 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 11,080 584,701 SH   DFND   584,701 0 0
SODASTREAM INTERNATIONAL LTD USD SHS COM M9068E105 8,087 114,973 SH   DFND   114,973 0 0
ISHARES TR PUT MSCI ACWI ETF 464288240 711 16,540 SH Put DFND   0 0 0
PERRIGO CO PLC SHS COM g97822103 7,644 87,703 SH   DFND   87,703 0 0
TOWER SEMICONDUCTOR LTD SHS NEW COM M87915274 10,043 294,686 SH   DFND   294,686 0 0
ISHARES MSCI JAPAN ETF TR SBI CONS DISCR 46434G822 11,077 184,839 SH   DFND   184,839 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 234,276 877,898 SH   DFND   877,898 0 0
OPKO HEALTH INC COM 68375N103 7,778 1,587,330 SH   DFND   1,587,330 0 0
VANGUARD INDEX FDS REIT ETF 922908553 575,104 6,930,638 SH   DFND   6,930,638 0 0
SPDR TR TECHNOLOGY TR UNIT 81369Y803 40,725 636,826 SH   DFND   636,826 0 0
FINANCIAL SELECT SECTOR SPDR TR UNIT 81369Y605 40,516 1,451,665 SH   DFND   1,451,665 0 0