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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
ZIM INTEGRATED SHIPPING SERV SHS M9T951109 27,555 1,132,100 SH   DFND 1,2 1,132,100 0 0
NOVA MEASURING INSTRUMENTS L COM m7516k103 9,195 101,036 SH   DFND 1,2 101,036 0 0
ORMAT TECHNOLOGIES INC COM 686688102 3,656 46,554 SH   DFND 1,2 46,554 0 0
Liveperson COM 538146101 4,038 76,559 SH   DFND 1,2 76,559 0 0
SPDR TR SBI HEALTHCARE SBI HEALTHCARE 81369Y209 18,158 155,546 SH   DFND 1,2 155,546 0 0
WALMART INC COM 931142103 9,185 67,624 SH   DFND 1,2 67,624 0 0
TEVA PHARMACEUTICAL INDS LTD SPONSORED ADS 881624209 15,564 1,348,689 SH   DFND 1,2 1,348,689 0 0
SELECT SECTOR SPDR TR ENERGY 81369Y506 22,540 459,434 SH   DFND 1,2 459,434 0 0
ISHARES TR EXPANDED TECH 464287515 10,030 29,378 SH   DFND 1,2 29,378 0 0
JFROG LTD ORD SHS M6191J100 1,533 34,558 SH   DFND 1,2 34,558 0 0
INVESCO EXCHANGE TRADED FD T S&P500 EQL DIS 46137V381 24,805 175,862 SH   DFND 1,2 175,862 0 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 36,337 216,202 SH   DFND 1,2 216,202 0 0
ISHARES TR PHLX SEMICND ETF 464287523 18,739 44,196 SH   DFND 1,2 44,196 0 0
GLOBAL X FDS RBTCS ARTFL INTE 37954Y715 32,603 983,797 SH   DFND 1,2 983,797 0 0
PERRIGO CO PLC SHS g97822103 46,618 1,151,917 SH   DFND 1,2 1,151,917 0 0
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 6,090 89,150 SH   DFND 1,2 89,150 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 180,441 3,466,685 SH   DFND 1,2 3,466,685 0 0
SELECT SECTOR SPDR TR COMMUNICATION 81369Y852 33,088 451,287 SH   DFND 1,2 451,287 0 0
TOWER SEMICONDUCTOR LTD SHS NEW M87915274 10,156 362,209 SH   DFND 1,2 362,209 0 0
FREEPORT-MCMORAN INC CL B 35671D857 6,072 184,396 SH   DFND 1,2 184,396 0 0
NICE LTD SPONSORED ADR 653656108 1,945 8,922 SH   DFND 1,2 8,922 0 0
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 13,256 36,387 SH   DFND 1,2 36,387 0 0
VANGUARD INDEX FDS REAL ESTATE ETF 922908553 283,838 3,089,896 SH   DFND 1,2 3,089,896 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 29,764 224,109 SH   DFND 1,2 224,109 0 0
GLOBAL X FDS VDEO GAM ESPRT 37954Y392 37,127 1,181,642 SH   DFND 1,2 1,181,642 0 0
FINANCIAL SELECT SECTOR SPDR TR UNIT 81369Y605 41,400 1,215,873 SH   DFND 1,2 1,215,873 0 0
ISHARES TR MSCI USA etf 46429B598 4,922 116,697 SH   DFND 1,2 116,697 0 0
INVESCO EXCHANGE TRADED FD T S&P500 PUR VAL 46137V258 13,683 184,925 SH   DFND 1,2 184,925 0 0
SPDR SER TR S&P BK ETF 78464A797 22,662 436,814 SH   DFND 1,2 436,814 0 0
VANECK VECTORS ETF TR AGRIBUSINESS ETF 92189F700 14,587 166,313 SH   DFND 1,2 166,313 0 0
ALPHABET INC CAP STK CL C 02079K107 6,049 2,924 SH   DFND 1,2 2,924 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 95,471 240,888 SH   DFND   240,888 0 0
ZIM INTEGRATED SHIPPING SERV SHS M9T951109 41,478 1,704,120 SH   DFND   1,704,120 0 0
VANGUARD INDEX FDS REIT ETF 922908553 30,498 332,000 SH   DFND   332,000 0 0
NOVA MEASURING INSTRUMENTS L COM m7516k103 14,573 160,129 SH   DFND   160,129 0 0
ORMAT TECHNOLOGIES INC COM 686688102 5,538 70,517 SH   DFND   70,517 0 0
Liveperson COM 538146101 6,010 113,948 SH   DFND   113,948 0 0
SPDR TR SBI HEALTHCARE SBI HEALTHCARE 81369Y209 27,487 235,454 SH   DFND   235,454 0 0
WALMART INC COM 931142103 13,879 102,176 SH   DFND   102,176 0 0
TEVA PHARMACEUTICAL INDS LTD SPONSORED ADS 881624209 22,903 1,984,654 SH   DFND   1,984,654 0 0
SPDR TR SBI INT-INDS TR UNIT 81369Y704 2,330 23,665 SH   DFND   23,665 0 0
SELECT SECTOR SPDR TR ENERGY 81369Y506 36,589 745,809 SH   DFND   745,809 0 0
ISHARES TR EXPANDED TECH 464287515 14,931 43,733 SH   DFND   43,733 0 0
JFROG LTD ORD SHS M6191J100 2,300 51,836 SH   DFND   51,836 0 0
INVESCO EXCHANGE TRADED FD T S&P500 EQL DIS 46137V381 39,739 281,738 SH   DFND   281,738 0 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 53,597 318,898 SH   DFND   318,898 0 0
ISHARES TR PHLX SEMICND ETF 464287523 30,741 72,504 SH   DFND   72,504 0 0
GLOBAL X FDS RBTCS ARTFL INTE 37954Y715 50,702 1,529,935 SH   DFND   1,529,935 0 0
PERRIGO CO PLC SHS g97822103 71,643 1,770,268 SH   DFND   1,770,268 0 0
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 9,273 135,750 SH   DFND   135,750 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 261,813 5,030,025 SH   DFND   5,030,025 0 0
SELECT SECTOR SPDR TR COMMUNICATION 81369Y852 50,137 683,813 SH   DFND   683,813 0 0
TOWER SEMICONDUCTOR LTD SHS NEW M87915274 15,178 541,302 SH   DFND   541,302 0 0
FREEPORT-MCMORAN INC CL B 35671D857 9,135 277,414 SH   DFND   277,414 0 0
NICE LTD SPONSORED ADR 653656108 2,851 13,078 SH   DFND   13,078 0 0
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 33,568 92,144 SH   DFND   92,144 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 26,434 66,698 SH   DFND   66,698 0 0
VANGUARD INDEX FDS REAL ESTATE ETF 922908553 479,179 5,216,408 SH   DFND   5,216,408 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 42,976 323,591 SH   DFND   323,591 0 0
GLOBAL X FDS VDEO GAM ESPRT 37954Y392 57,113 1,817,728 SH   DFND   1,817,728 0 0
FINANCIAL SELECT SECTOR SPDR TR UNIT 81369Y605 64,783 1,902,597 SH   DFND   1,902,597 0 0
ISHARES TR MSCI USA etf 46429B598 7,200 170,703 SH   DFND   170,703 0 0
INVESCO EXCHANGE TRADED FD T S&P500 PUR VAL 46137V258 20,612 278,575 SH   DFND   278,575 0 0
SPDR SER TR S&P BK ETF 78464A797 35,226 678,986 SH   DFND   678,986 0 0
GLOBAL X FDS US INFR DEV ETF 37954Y673 2,703 107,860 SH   DFND   107,860 0 0
VANECK VECTORS ETF TR AGRIBUSINESS ETF 92189F700 23,698 270,187 SH   DFND   270,187 0 0
WISDOMTREE TR EM EX ST-OWNED 97717X578 4,348 106,865 SH   DFND   106,865 0 0
ALPHABET INC CAP STK CL C 02079K107 9,145 4,421 SH   DFND   4,421 0 0