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
ABBOTT LABS COM 002824100 2,559 52,137 SH   DFND 1,2 0 52,137 0
ABBVIE INC COM 00287Y109 2,217 33,000 SH   DFND 1,2 0 33,000 0
ADAMAS PHARMACEUTICALS INC COM 00548A106 38,661 1,474,482 SH   DFND 3 1,474,482 0 0
AIR METHODS CORP COM PAR $.06 009128307 537 13,000 SH   DFND 1,2 0 13,000 0
AKORN INC COM 009728106 1,834 42,000 SH   DFND 1,2 0 42,000 0
ALEXION PHARMACEUTICALS INC COM 015351109 949 5,250 SH   DFND 1,2 0 5,250 0
BIODELIVERY SCIENCES INTL IN COM 09060J106 1,274 160,000 SH   DFND 1,2 0 160,000 0
BIOGEN INC COM 09062X103 1,454 3,600 SH   DFND 1,2 0 3,600 0
BOSTON SCIENTIFIC CORP COM 101137107 1,858 105,000 SH   DFND 1,2 0 105,000 0
C H ROBINSON WORLDWIDE INC COM NEW 12541W209 4,532 72,636 SH   DFND 1,2 0 72,636 0
CARDINAL HEALTH INC COM 14149Y108 1,757 21,000 SH   DFND 1,2 0 21,000 0
CELGENE CORP COM 151020104 3,588 31,000 SH   DFND 1,2 0 31,000 0
CERUS CORP COM 157085101 1,220 235,000 SH   DFND 1,2 0 235,000 0
DYNAVAX TECHNOLOGIES CORP COM NEW 268158201 485 20,697 SH   DFND 1,2 0 20,697 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 5,093 57,259 SH   DFND 1,2 0 57,259 0
EXXON MOBIL CORP COM 30231G102 4,484 53,900 SH   DFND 1,2 0 53,900 0
HEAT BIOLOGICS INC COM 42237K102 300 50,000 SH   DFND 1,2 0 50,000 0
HERSHEY CO COM 427866108 4,397 49,504 SH   DFND 1,2 0 49,504 0
INC RESH HLDGS INC CL A 45329R109 1,204 30,000 SH   DFND 1,2 0 30,000 0
INTEL CORP COM 458140100 4,331 142,401 SH   DFND 1,2 0 142,401 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104 4,551 20,354 SH   DFND 1,2 0 20,354 0
JOHNSON & JOHNSON COM 478160104 2,932 30,089 SH   DFND 1,2 0 30,089 0
MCCORMICK & CO INC COM NON VTG 579780206 4,962 61,303 SH   DFND 1,2 0 0 61,303
MEDTRONIC PLC SHS G5960L103 2,519 34,000 SH   DFND 1,2 0 34,000 0
MICROSOFT CORP COM 594918104 4,311 97,646 SH   DFND 1,2 0 97,646 0
MSC INDL DIRECT INC CL A 553530106 4,526 64,870 SH   DFND 1,2 0 64,870 0
MYLAN N V SHS EURO N59465109 2,596 38,248 SH   DFND 1,2 0 38,248 0
NIVALIS THERAPEUTICS INC COM 65481J109 394 26,000 SH   DFND 1,2 0 26,000 0
PAN AMERICAN SILVER CORP COM 697900108 6,577 765,705 SH   DFND 1,2 0 765,705 0
PERKINELMER INC COM 714046109 1,737 33,000 SH   DFND 1,2 0 33,000 0
PERNIX THERAPEUTICS HLDGS IN COM 71426V108 858 145,000 SH   DFND 1,2 0 145,000 0
PERRIGO CO PLC SHS G97822103 1,712 9,262 SH   DFND 1,2 0 9,262 0
PFIZER INC COM 717081103 1,677 50,000 SH   DFND 1,2 0 50,000 0
PRICELINE GRP INC COM NEW 741503403 8,472 7,358 SH   DFND 1,2 0 7,358 0
QUINTILES TRANSNATIO HLDGS I COM 74876Y101 1,815 25,000 SH   DFND 1,2 0 25,000 0
RADIUS HEALTH INC COM NEW 750469207 548 8,100 SH   DFND 1,2 0 8,100 0
SILVER WHEATON CORP COM 828336107 8,789 506,884 SH   DFND 1,2 0 506,884 0
SPDR GOLD TRUST GOLD SHS 78463V107 58,500 520,600 SH   DFND 1,2 0 520,600 0
STRYKER CORP COM 863667101 765 8,000 SH   DFND 1,2 0 8,000 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 1,537 26,000 SH   DFND 1,2 0 26,000 0
THERMO FISHER SCIENTIFIC INC COM 883556102 817 6,300 SH   DFND 1,2 0 6,300 0
ULTA SALON COSMETCS & FRAG I COM 90384S303 5,510 35,675 SH   DFND 1,2 0 35,675 0
VARIAN MED SYS INC COM 92220P105 4,524 53,647 SH   DFND 1,2 0 53,647 0