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
AMGEN INC COM 031162100 2,698 16,937 SH   SOLE 0 0 16,937
ASTRAZENECA PLC SPONSORED ADR 046353108 278 3,953 SH   SOLE 0 0 3,953
AT&T INC COM 00206R102 462 13,753 SH   SOLE 0 0 13,753
BANK AMER CORP 7.25%CNV PFD L 060505682 949 817 SH   SOLE 0 0 817
BIOMARIN PHARMACEUTICAL INC COM 09061G101 2,390 26,439 SH   SOLE 0 0 26,439
CELGENE CORP COM 151020104 2,889 25,828 SH   SOLE 0 0 25,828
CENTURYLINK INC COM 156700106 1,362 34,405 SH   SOLE 0 0 34,405
DBX ETF TR DBXTR HAR CS 300 233051879 7,763 208,635 SH   SOLE 0 0 208,635
EXELON CORP COM 30161N101 219 5,915 SH   SOLE 0 0 5,915
HANCOCK JOHN PFD INCOME FD I COM 41013X106 983 48,325 SH   SOLE 0 0 48,325
HATTERAS FINL CORP COM 41902R103 1,310 71,095 SH   SOLE 0 0 71,095
ISHARES INDIA 50 ETF 464289529 11,577 387,192 SH   SOLE 0 0 387,192
ISHARES JP MOR EM MK ETF 464288281 811 7,392 SH   SOLE 0 0 7,392
ISHARES MRG RL ES CP ETF 464288539 1,306 111,535 SH   SOLE 0 0 111,535
ISHARES US HLTHCR PR ETF 464288828 12,078 102,039 SH   SOLE 0 0 102,039
ISHARES TR CHINA LG-CAP ETF 464287184 6,107 146,741 SH   SOLE 0 0 146,741
ISHARES TR NASDQ BIOTEC ETF 464287556 15,118 49,836 SH   SOLE 0 0 49,836
ISHARES TR TRANS AVG ETF 464287192 12,694 77,367 SH   SOLE 0 0 77,367
JPMORGAN CHASE & CO ALERIAN ML ETN 46625H365 2,135 46,469 SH   SOLE 0 0 46,469
L BRANDS INC COM 501797104 7,424 85,782 SH   SOLE 0 0 85,782
MEDICAL PPTYS TRUST INC COM 58463J304 1,471 106,752 SH   SOLE 0 0 106,752
MEDIVATION INC COM 58501N101 2,607 26,177 SH   SOLE 0 0 26,177
NEW YORK CMNTY BANCORP INC COM 649445103 1,328 82,998 SH   SOLE 0 0 82,998
PHILIP MORRIS INTL INC COM 718172109 478 5,867 SH   SOLE 0 0 5,867
REGENERON PHARMACEUTICALS COM 75886F107 1,266 3,086 SH   SOLE 0 0 3,086
SEASPAN CORP SHS Y75638109 357 19,796 SH   SOLE 0 0 19,796
SOUTHWEST AIRLS CO COM 844741108 7,580 179,105 SH   SOLE 0 0 179,105
ULTA SALON COSMETCS & FRAG I COM 90384S303 6,553 51,257 SH   SOLE 0 0 51,257
VERTEX PHARMACEUTICALS INC COM 92532F100 3,035 25,544 SH   SOLE 0 0 25,544
WESTERN ASSET EMRG MKT DEBT COM 95766A101 160 10,155 SH   SOLE 0 0 10,155
XPO LOGISTICS INC COM 983793100 2,779 67,970 SH   SOLE 0 0 67,970