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
3M CO COM 88579Y101 59 415 SH   DFND 1 415 0 0
3M CO COM 88579Y101 666 4,700 SH   DFND   4,700 0 0
AMAZON COM INC COM 23135106 384 750 SH   DFND   750 0 0
AMBEV SA SPONSORED ADR 02319V103 65 13,300 SH   DFND   13,300 0 0
APACHE CORP COM 37411105 223 5,700 SH   DFND   5,700 0 0
APPLE INC COM 37833100 3,093 28,045 SH   DFND 1 28,045 0 0
APPLE INC COM 37833100 2,404 21,796 SH   DFND   19,830 0 1,966
APPLIED MATLS INC COM 38222105 108 7,347 SH   DFND 1 7,347 0 0
APPLIED MATLS INC COM 38222105 1,006 68,500 SH   DFND   68,500 0 0
ASML HOLDING N V N Y REGISTRY SHS N07059210 509 5,790 SH   DFND   5,790 0 0
BAIDU INC SPON ADR REP A 56752108 302 2,200 SH   DFND   2,200 0 0
BANK AMER CORP COM 60505104 1,414 90,731 SH   DFND 1 90,731 0 0
BANK AMER CORP COM 60505104 1,236 79,341 SH   DFND   66,600 0 12,741
BED BATH & BEYOND INC COM 75896100 1,140 20,000 SH   DFND 1 20,000 0 0
BED BATH & BEYOND INC COM 75896100 1,661 29,135 SH   DFND   29,135 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 84670702 3,181 24,398 SH   DFND 1 24,398 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 84670702 2,695 20,669 SH   DFND   14,511 0 6,158
BIOGEN INC COM 09062X103 1,330 4,559 SH   DFND 1 4,559 0 0
BIOGEN INC COM 09062X103 1,299 4,452 SH   DFND   4,435 0 17
CAPITAL ONE FINL CORP COM 14040H105 1,098 15,145 SH   DFND   14,005 0 1,140
CELGENE CORP COM 151020104 98 905 SH   DFND 1 905 0 0
CELGENE CORP COM 151020104 714 6,600 SH   DFND   6,600 0 0
CHECK POINT SOFTWARE TECH LT ORD M22465104 1,480 18,650 SH   DFND 1 18,650 0 0
CHECK POINT SOFTWARE TECH LT ORD M22465104 2,578 32,492 SH   DFND   31,492 0 1,000
CHEVRON CORP NEW COM 166764100 473 6,000 SH   DFND 1 6,000 0 0
CISCO SYS INC COM 17275R102 5,331 203,082 SH   DFND 1 203,082 0 0
CISCO SYS INC COM 17275R102 2,253 85,815 SH   DFND   83,300 0 2,515
CITIGROUP INC COM NEW 172967424 1,336 26,928 SH   DFND 1 26,928 0 0
CITIGROUP INC COM NEW 172967424 1,430 28,828 SH   DFND   26,693 0 2,135
COCA COLA CO COM 191216100 1,596 39,782 SH   DFND 1 39,782 0 0
COCA COLA CO COM 191216100 3 75 SH   DFND   0 0 75
COMCAST CORP NEW CL A SPL 20030N200 2,191 38,272 SH   DFND   36,431 0 1,841
CORNING INC COM 219350105 370 21,600 SH   DFND   21,600 0 0
COSTCO WHSL CORP NEW COM 22160K105 336 2,323 SH   DFND 1 2,323 0 0
COSTCO WHSL CORP NEW COM 22160K105 802 5,550 SH   DFND   4,850 0 700
CVS HEALTH CORP COM 126650100 590 6,120 SH   DFND   6,120 0 0
DISNEY WALT CO COM DISNEY 254687106 1,244 12,176 SH   DFND 1 12,176 0 0
DISNEY WALT CO COM DISNEY 254687106 123 1,200 SH   DFND   0 0 1,200
DSP GROUP INC COM 23332B106 309 33,893 SH   DFND 1 33,893 0 0
DSP GROUP INC COM 23332B106 55 6,000 SH   DFND   5,000 0 1,000
EBAY INC COM 278642103 757 30,970 SH   DFND   29,050 0 1,920
EOG RES INC COM 26875P101 569 7,819 SH   DFND 1 7,819 0 0
EOG RES INC COM 26875P101 1,015 13,948 SH   DFND   13,520 0 428
EXPRESS SCRIPTS HLDG CO COM 30219G108 393 4,850 SH   DFND   4,850 0 0
EXXON MOBIL CORP COM 30231G102 2,067 27,800 SH   DFND 1 27,800 0 0
EXXON MOBIL CORP COM 30231G102 872 11,734 SH   DFND   10,775 0 959
FACEBOOK INC CL A 30303M102 828 9,215 SH   DFND   7,255 0 1,960
FEDEX CORP COM 31428X106 783 5,436 SH   DFND 1 5,436 0 0
FEDEX CORP COM 31428X106 976 6,782 SH   DFND   6,535 0 247
FIRST TR NAS100 EQ WEIGHTED SHS 337344105 321 8,000 SH   DFND   8,000 0 0
GENERAL ELECTRIC CO COM 369604103 4,728 187,474 SH   DFND 1 187,474 0 0
GENERAL ELECTRIC CO COM 369604103 1,327 52,635 SH   DFND   49,435 0 3,200
GILEAD SCIENCES INC COM 375558103 1,555 15,832 SH   DFND 1 15,832 0 0
GILEAD SCIENCES INC COM 375558103 1,679 17,095 SH   DFND   15,701 0 1,394
GOOGLE INC CL C 38259P706 1,603 2,634 SH   DFND 1 2,634 0 0
GOOGLE INC CL C 38259P706 3,852 6,332 SH   DFND   6,193 0 139
HEWLETT PACKARD CO COM 428236103 533 20,800 SH   DFND   20,800 0 0
INTEL CORP COM 458140100 4,203 139,443 SH   DFND 1 139,443 0 0
INTEL CORP COM 458140100 870 28,857 SH   DFND   27,800 0 1,057
ISHARES MSCI BRZ CAP ETF 464286400 578 26,321 SH   DFND 1 26,321 0 0
ISHARES MSCI JAPAN ETF 464286848 1,379 120,685 SH   DFND 1 120,685 0 0
ISHARES MSCI JAPAN ETF 464286848 245 21,435 SH   DFND   21,435 0 0
ISHARES MSCI STH KOR ETF 464286772 712 14,600 SH   DFND 1 14,600 0 0
ISHARES TR 3-7 YR TR BD ETF 464288661 1 4 SH   DFND 1 4 0 0
ISHARES TR 3-7 YR TR BD ETF 464288661 422 3,382 SH   DFND   0 0 3,382
ISHARES TR 7-10 Y TR BD ETF 464287440 248 2,298 SH   DFND   0 0 2,298
ISHARES TR CHINA LG-CAP ETF 464287184 1,429 40,300 SH   DFND 1 40,300 0 0
ISHARES TR CHINA LG-CAP ETF 464287184 7 200 SH   DFND   0 0 200
ISHARES TR CORE S&P500 ETF 464287200 13,468 69,886 SH   DFND 1 69,886 0 0
ISHARES TR IBOXX HI YD ETF 464288513 7,956 95,522 SH   DFND 1 95,522 0 0
ISHARES TR IBOXX HI YD ETF 464288513 169 2,025 SH   DFND   0 0 2,025
ISHARES TR JP MOR EM MK ETF 464288281 1,326 12,460 SH   DFND 1 12,460 0 0
ISHARES TR JP MOR EM MK ETF 464288281 69 646 SH   DFND   0 0 646
ISHARES TR MSCI AC ASIA ETF 464288182 1,518 28,769 SH   DFND 1 28,769 0 0
ISHARES TR MSCI AC ASIA ETF 464288182 215 4,076 SH   DFND   3,460 0 616
ISHARES TR MSCI EMG MKT ETF 464287234 4,193 127,905 SH   DFND 1 127,905 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 22 660 SH   DFND   0 0 660
ISHARES TR RUSSELL 2000 ETF 464287655 377 3,455 SH   DFND 1 3,455 0 0
JOHNSON & JOHNSON COM 478160104 1,560 16,716 SH   DFND 1 16,716 0 0
JOHNSON & JOHNSON COM 478160104 973 10,426 SH   DFND   9,240 0 1,186
KAMADA LTD SHS M6240T109 136 39,907 SH   DFND 1 39,907 0 0
KONINKLIJKE PHILIPS N V NY REG SH NEW 500472303 526 22,423 SH   DFND   21,254 0 1,169
MARKET VECTORS ETF TR RUSSIA ETF 57060U506 575 36,600 SH   DFND 1 36,600 0 0
MELLANOX TECHNOLOGIES LTD SHS M51363113 2,058 54,467 SH   DFND 1 54,467 0 0
MELLANOX TECHNOLOGIES LTD SHS M51363113 85 2,262 SH   DFND   1,500 0 762
MICROSOFT CORP COM 594918104 1,240 28,020 SH   DFND 1 28,020 0 0
MICROSOFT CORP COM 594918104 2,724 61,544 SH   DFND   57,491 0 4,053
NICE SYS LTD SPONSORED ADR 653656108 203 3,600 SH   DFND 1 3,600 0 0
NOVARTIS A G SPONSORED ADR 66987V109 6,490 70,609 SH   DFND 1 70,609 0 0
NOVARTIS A G SPONSORED ADR 66987V109 1,965 21,374 SH   DFND   19,415 0 1,959
NVIDIA CORP COM 67066G104 234 9,500 SH   DFND   9,500 0 0
ORACLE CORP COM 68389X105 2,271 62,862 SH   DFND   59,146 0 3,716
ORBOTECH LTD ORD M75253100 5,823 376,867 SH   DFND 1 376,867 0 0
ORBOTECH LTD ORD M75253100 3,143 203,402 SH   DFND   196,552 0 6,850
PAYPAL HLDGS INC COM 70450Y103 1,094 35,257 SH   DFND   33,805 0 1,452
PEPSICO INC COM 713448108 1,590 16,862 SH   DFND   16,132 0 730
PERRIGO CO PLC SHS G97822103 3,188 20,268 SH   DFND 1 20,268 0 0
PFIZER INC COM 717081103 4,413 140,507 SH   DFND 1 140,507 0 0
PFIZER INC COM 717081103 1,082 34,440 SH   DFND   29,415 0 5,025
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 16,774 164,840 SH   DFND 1 164,840 0 0
PRICELINE GRP INC COM NEW 741503403 1,582 1,279 SH   DFND   1,279 0 0
PROCTER & GAMBLE CO COM 742718109 913 12,698 SH   DFND 1 12,698 0 0
PROCTER & GAMBLE CO COM 742718109 1,777 24,698 SH   DFND   23,479 0 1,219
PROSHARES TR PSHS ULTSH 20YRS 74347B201 399 9,200 SH   DFND 1 9,200 0 0
QUALCOMM INC COM 747525103 471 8,770 SH   DFND   8,650 0 120
RR MEDIA LTD SHS M8183P102 184 22,389 SH   DFND   22,389 0 0
SANOFI SPONSORED ADR 80105N105 253 5,321 SH   DFND 1 5,321 0 0
SANOFI SPONSORED ADR 80105N105 704 14,840 SH   DFND   14,610 0 230
SCHLUMBERGER LTD COM 806857108 523 7,589 SH   DFND 1 7,589 0 0
SCHLUMBERGER LTD COM 806857108 1,037 15,031 SH   DFND   13,396 0 1,635
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 637 13,504 SH   DFND 1 13,504 0 0
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 32 686 SH   DFND   0 0 686
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 2,743 41,409 SH   DFND 1 41,409 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 26 387 SH   DFND   0 0 387
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 1,478 24,143 SH   DFND 1 24,143 0 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 109 1,782 SH   DFND   1,166 0 616
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 1,535 30,777 SH   DFND 1 30,777 0 0
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 240 4,807 SH   DFND   1,100 0 3,707
SELECT SECTOR SPDR TR SBI MATERIALS 81369Y100 1,105 27,682 SH   DFND   26,800 0 882
SMITH & NEPHEW PLC SPDN ADR NEW 83175M205 480 13,700 SH   DFND   13,700 0 0
SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 8,337 51,267 SH   DFND 1 51,267 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 16,708 87,189 SH   DFND 1 87,189 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 469 2,445 SH   DFND   181 0 2,264
SYMANTEC CORP COM 871503108 376 19,300 SH   DFND   19,300 0 0
TARO PHARMACEUTICAL INDS LTD SHS M8737E108 3,610 25,265 SH   DFND 1 25,265 0 0
TARO PHARMACEUTICAL INDS LTD SHS M8737E108 1,100 7,698 SH   DFND   7,698 0 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 373 6,600 SH   DFND 1 6,600 0 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 378 6,691 SH   DFND   6,340 0 351
TJX COS INC NEW COM 872540109 1,854 25,955 SH   DFND   23,868 0 2,087
TWENTY FIRST CENTY FOX INC CL A 90130A101 1,632 60,480 SH   DFND   60,480 0 0
UNION PAC CORP COM 907818108 1,936 21,894 SH   DFND 1 21,894 0 0
UNION PAC CORP COM 907818108 970 10,966 SH   DFND   10,370 0 596
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 262 1,490 SH   DFND 1 1,490 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 3,385 102,292 SH   DFND 1 102,292 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 764 23,080 SH   DFND   17,051 0 6,029
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 2,990 60,800 SH   DFND 1 60,800 0 0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 559 11,368 SH   DFND   5,200 0 6,168
VODAFONE GROUP PLC NEW SPNSR ADR NO PAR 92857W308 441 13,900 SH   DFND   13,900 0 0
WAL-MART STORES INC COM 931142103 157 2,419 SH   DFND 1 2,419 0 0
WAL-MART STORES INC COM 931142103 261 4,028 SH   DFND   3,800 0 228
WELLS FARGO & CO NEW COM 949746101 14 270 SH   DFND 1 270 0 0
WELLS FARGO & CO NEW COM 949746101 1,449 28,217 SH   DFND   25,890 0 2,327
WISDOMTREE TR JAPN HEDGE EQT 97717W851 1,401 28,785 SH   DFND 1 28,785 0 0
YAHOO INC COM 984332106 1,249 43,206 SH   DFND 1 43,206 0 0
YAHOO INC COM 984332106 1,678 58,040 SH   DFND   57,155 0 885