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 69 415 SH   DFND 1 415 0 0
3M CO COM 88579Y101 500 3,000 SH   DFND   3,000 0 0
ALPHABET INC CAP STK CL A 02079K305 92 120 SH   DFND 1 120 0 0
ALPHABET INC CAP STK CL A 02079K305 339 444 SH   DFND   35 0 409
ALPHABET INC CAP STK CL C 02079K107 1,942 2,607 SH   DFND 1 2,607 0 0
ALPHABET INC CAP STK CL C 02079K107 3,766 5,055 SH   DFND   4,875 0 180
AMAZON COM INC COM 023135106 404 680 SH   DFND   680 0 0
AMBEV SA SPONSORED ADR 02319V103 69 13,300 SH   DFND   13,300 0 0
APPLE INC COM 037833100 3,044 27,933 SH   DFND 1 27,933 0 0
APPLE INC COM 037833100 2,438 22,369 SH   DFND   20,015 0 2,354
APPLIED MATLS INC COM 038222105 156 7,347 SH   DFND 1 7,347 0 0
APPLIED MATLS INC COM 038222105 1,106 52,200 SH   DFND   52,200 0 0
ASML HOLDING N V N Y REGISTRY SHS N07059210 537 5,350 SH   DFND   5,350 0 0
BAIDU INC SPON ADR REP A 056752108 391 2,050 SH   DFND   2,050 0 0
BANK AMER CORP COM 060505104 1,215 89,845 SH   DFND 1 89,845 0 0
BANK AMER CORP COM 060505104 948 70,148 SH   DFND   57,245 0 12,903
BED BATH & BEYOND INC COM 075896100 993 20,000 SH   DFND 1 20,000 0 0
BED BATH & BEYOND INC COM 075896100 1,360 27,406 SH   DFND   26,790 0 616
BERKSHIRE HATHAWAY INC DEL CL A 084670108 213 1 SH   DFND   1 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 3,431 24,183 SH   DFND 1 24,183 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 2,569 18,105 SH   DFND   12,729 0 5,376
BIOGEN INC COM 09062X103 1,468 5,641 SH   DFND 1 5,641 0 0
BIOGEN INC COM 09062X103 992 3,812 SH   DFND   3,795 0 17
CAPITAL ONE FINL CORP COM 14040H105 720 10,382 SH   DFND   9,390 0 992
CELGENE CORP COM 151020104 91 905 SH   DFND 1 905 0 0
CELGENE CORP COM 151020104 716 7,150 SH   DFND   7,150 0 0
CHECK POINT SOFTWARE TECH LT ORD M22465104 1,631 18,650 SH   DFND 1 18,650 0 0
CHECK POINT SOFTWARE TECH LT ORD M22465104 2,051 23,452 SH   DFND   22,452 0 1,000
CHEVRON CORP NEW COM 166764100 572 6,000 SH   DFND 1 6,000 0 0
CHICAGO BRIDGE & IRON CO N V COM 167250109 399 10,902 SH   DFND   10,500 0 402
CISCO SYS INC COM 17275R102 5,767 202,573 SH   DFND 1 202,573 0 0
CISCO SYS INC COM 17275R102 2,021 70,980 SH   DFND   70,030 0 950
CITIGROUP INC COM NEW 172967424 1,113 26,664 SH   DFND 1 26,664 0 0
CITIGROUP INC COM NEW 172967424 1,081 25,881 SH   DFND   23,103 0 2,778
COCA COLA CO COM 191216100 1,836 39,575 SH   DFND 1 39,575 0 0
COLGATE PALMOLIVE CO COM 194162103 336 4,750 SH   DFND   4,750 0 0
COMCAST CORP NEW CL A 20030N101 64 1,050 SH   DFND 1 1,050 0 0
COMCAST CORP NEW CL A 20030N101 2,100 34,377 SH   DFND   30,888 0 3,489
CORNING INC COM 219350105 421 20,150 SH   DFND   20,150 0 0
COSTCO WHSL CORP NEW COM 22160K105 141 895 SH   DFND 1 895 0 0
COSTCO WHSL CORP NEW COM 22160K105 842 5,345 SH   DFND   4,445 0 900
CVS HEALTH CORP COM 126650100 526 5,070 SH   DFND   5,070 0 0
CYREN LTD SHS M26895108 63 37,500 SH   DFND 1 37,500 0 0
CYREN LTD SHS M26895108 3 1,583 SH   DFND   0 0 1,583
DISNEY WALT CO COM DISNEY 254687106 1,209 12,176 SH   DFND 1 12,176 0 0
DISNEY WALT CO COM DISNEY 254687106 184 1,850 SH   DFND   0 0 1,850
DSP GROUP INC COM 23332B106 308 33,776 SH   DFND 1 33,776 0 0
DSP GROUP INC COM 23332B106 9 1,000 SH   DFND   0 0 1,000
EBAY INC COM 278642103 654 27,406 SH   DFND   26,160 0 1,246
EOG RES INC COM 26875P101 562 7,746 SH   DFND 1 7,746 0 0
EOG RES INC COM 26875P101 901 12,409 SH   DFND   11,870 0 539
EXPRESS SCRIPTS HLDG CO COM 30219G108 310 4,520 SH   DFND   4,520 0 0
EXXON MOBIL CORP COM 30231G102 2,324 27,800 SH   DFND 1 27,800 0 0
EXXON MOBIL CORP COM 30231G102 834 9,976 SH   DFND   8,650 0 1,326
FACEBOOK INC CL A 30303M102 945 8,285 SH   DFND   6,475 0 1,810
FEDEX CORP COM 31428X106 875 5,375 SH   DFND 1 5,375 0 0
FEDEX CORP COM 31428X106 741 4,553 SH   DFND   4,450 0 103
FIRST TR NAS100 EQ WEIGHTED SHS 337344105 338 8,000 SH   DFND   8,000 0 0
GENERAL ELECTRIC CO COM 369604103 5,960 187,474 SH   DFND 1 187,474 0 0
GENERAL ELECTRIC CO COM 369604103 1,161 36,534 SH   DFND   31,517 0 5,017
GILEAD SCIENCES INC COM 375558103 1,441 15,689 SH   DFND 1 15,689 0 0
GILEAD SCIENCES INC COM 375558103 1,293 14,075 SH   DFND   12,430 0 1,645
HEWLETT PACKARD ENTERPRISE C COM 42824C109 351 19,800 SH   DFND   19,800 0 0
HP INC COM 40434L105 248 20,100 SH   DFND   20,100 0 0
INTEL CORP COM 458140100 4,498 139,048 SH   DFND 1 139,048 0 0
INTEL CORP COM 458140100 838 25,907 SH   DFND   25,850 0 57
ISHARES MSCI BRZ CAP ETF 464286400 692 26,321 SH   DFND 1 26,321 0 0
ISHARES MSCI JAPAN ETF 464286848 1,379 120,869 SH   DFND 1 120,869 0 0
ISHARES MSCI JAPAN ETF 464286848 205 17,950 SH   DFND   17,950 0 0
ISHARES TR CHINA LG-CAP ETF 464287184 1,280 37,900 SH   DFND 1 37,900 0 0
ISHARES TR CHINA LG-CAP ETF 464287184 7 200 SH   DFND   0 0 200
ISHARES TR CORE S&P500 ETF 464287200 13,249 64,112 SH   DFND 1 64,112 0 0
ISHARES TR IBOXX HI YD ETF 464288513 7,720 94,507 SH   DFND 1 94,507 0 0
ISHARES TR IBOXX HI YD ETF 464288513 442 5,410 SH   DFND   4,040 0 1,370
ISHARES TR IBOXX INV CP ETF 464287242 360 3,032 SH   DFND 1 3,032 0 0
ISHARES TR IBOXX INV CP ETF 464287242 59 494 SH   DFND   0 0 494
ISHARES TR JP MOR EM MK ETF 464288281 1,359 12,316 SH   DFND 1 12,316 0 0
ISHARES TR JP MOR EM MK ETF 464288281 33 296 SH   DFND   0 0 296
ISHARES TR MSCI AC ASIA ETF 464288182 1,409 25,796 SH   DFND 1 25,796 0 0
ISHARES TR MSCI AC ASIA ETF 464288182 153 2,800 SH   DFND   2,800 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 3,730 108,904 SH   DFND 1 108,904 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 8 240 SH   DFND   0 0 240
ISHARES TR NASDQ BIOTEC ETF 464287556 834 3,198 SH   DFND 1 3,198 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 382 3,455 SH   DFND 1 3,455 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 5 44 SH   DFND   0 0 44
JOHNSON & JOHNSON COM 478160104 1,792 16,566 SH   DFND 1 16,566 0 0
JOHNSON & JOHNSON COM 478160104 747 6,901 SH   DFND   5,640 0 1,261
KAMADA LTD SHS M6240T109 153 39,907 SH   DFND 1 39,907 0 0
KONINKLIJKE PHILIPS N V NY REG SH NEW 500472303 566 19,819 SH   DFND   18,650 0 1,169
KRAFT HEINZ CO COM 500754106 225 2,870 SH   DFND   2,870 0 0
MARKET VECTORS ETF TR RUSSIA ETF 57060U506 599 36,600 SH   DFND 1 36,600 0 0
MELLANOX TECHNOLOGIES LTD SHS M51363113 2,959 54,467 SH   DFND 1 54,467 0 0
MELLANOX TECHNOLOGIES LTD SHS M51363113 112 2,062 SH   DFND   1,500 0 562
MICROSOFT CORP COM 594918104 1,533 27,753 SH   DFND 1 27,753 0 0
MICROSOFT CORP COM 594918104 2,765 50,072 SH   DFND   45,890 0 4,182
NICE SYS LTD SPONSORED ADR 653656108 233 3,600 SH   DFND 1 3,600 0 0
NICE SYS LTD SPONSORED ADR 653656108 65 1,000 SH   DFND   0 0 1,000
NOVARTIS A G SPONSORED ADR 66987V109 5,072 70,010 SH   DFND 1 70,010 0 0
NOVARTIS A G SPONSORED ADR 66987V109 1,715 23,679 SH   DFND   20,185 0 3,494
NVIDIA CORP COM 67066G104 205 5,750 SH   DFND   5,750 0 0
ORACLE CORP COM 68389X105 2,186 53,429 SH   DFND   48,814 0 4,615
ORBOTECH LTD ORD M75253100 6,828 287,136 SH   DFND 1 287,136 0 0
ORBOTECH LTD ORD M75253100 3,923 164,977 SH   DFND   156,627 0 8,350
PAYPAL HLDGS INC COM 70450Y103 1,233 31,955 SH   DFND   29,155 0 2,800
PEPSICO INC COM 713448108 1,292 12,609 SH   DFND   11,849 0 760
PERRIGO CO PLC SHS G97822103 2,799 21,876 SH   DFND 1 21,876 0 0
PFIZER INC COM 717081103 4,145 139,860 SH   DFND 1 139,860 0 0
PFIZER INC COM 717081103 971 32,770 SH   DFND   26,225 0 6,545
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 18,372 168,246 SH   DFND 1 168,246 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 376 3,446 SH   DFND   0 0 3,446
PRICELINE GRP INC COM NEW 741503403 1,485 1,152 SH   DFND   1,145 0 7
PROCTER & GAMBLE CO COM 742718109 1,039 12,620 SH   DFND 1 12,620 0 0
PROCTER & GAMBLE CO COM 742718109 1,326 16,105 SH   DFND   14,731 0 1,374
PROSHARES TR PSHS ULTSH 20YRS 74347B201 339 9,200 SH   DFND 1 9,200 0 0
QUALCOMM INC COM 747525103 431 8,420 SH   DFND   8,300 0 120
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 510 10,532 SH   DFND   9,200 0 1,332
SANOFI SPONSORED ADR 80105N105 214 5,321 SH   DFND 1 5,321 0 0
SANOFI SPONSORED ADR 80105N105 9 230 SH   DFND   0 0 230
SCHLUMBERGER LTD COM 806857108 554 7,518 SH   DFND 1 7,518 0 0
SCHLUMBERGER LTD COM 806857108 915 12,414 SH   DFND   10,811 0 1,603
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 717 13,504 SH   DFND 1 13,504 0 0
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 18 335 SH   DFND   0 0 335
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 2,810 41,456 SH   DFND 1 41,456 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 23 335 SH   DFND   0 0 335
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 597 9,643 SH   DFND 1 9,643 0 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 93 1,502 SH   DFND   1,166 0 336
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 1,008 18,177 SH   DFND 1 18,177 0 0
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 257 4,642 SH   DFND   1,100 0 3,542
SELECT SECTOR SPDR TR SBI MATERIALS 81369Y100 953 21,257 SH   DFND   20,400 0 857
SILICOM LTD ORD M84116108 628 18,405 SH   DFND 1 18,405 0 0
SILICOM LTD ORD M84116108 45 1,313 SH   DFND   0 0 1,313
SMITH & NEPHEW PLC SPDN ADR NEW 83175M205 335 10,050 SH   DFND   10,050 0 0
SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 864 4,891 SH   DFND 1 4,891 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 18,747 91,215 SH   DFND 1 91,215 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 542 2,639 SH   DFND   201 0 2,438
SYMANTEC CORP COM 871503108 327 17,800 SH   DFND   17,800 0 0
TARO PHARMACEUTICAL INDS LTD SHS M8737E108 3,619 25,265 SH   DFND 1 25,265 0 0
TARO PHARMACEUTICAL INDS LTD SHS M8737E108 888 6,198 SH   DFND   6,198 0 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 353 6,600 SH   DFND 1 6,600 0 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 318 5,951 SH   DFND   5,600 0 351
TJX COS INC NEW COM 872540109 1,465 18,700 SH   DFND   16,652 0 2,048
TWENTY FIRST CENTY FOX INC CL A 90130A101 1,190 42,700 SH   DFND   42,700 0 0
UNION PAC CORP COM 907818108 1,731 21,761 SH   DFND 1 21,761 0 0
UNION PAC CORP COM 907818108 758 9,525 SH   DFND   8,520 0 1,005
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 541 2,870 SH   DFND 1 2,870 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 5,588 161,590 SH   DFND 1 161,590 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 876 25,344 SH   DFND   16,855 0 8,489
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 2,408 49,624 SH   DFND 1 49,624 0 0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 642 13,233 SH   DFND   4,650 0 8,583
VODAFONE GROUP PLC NEW SPNSR ADR NO PAR 92857W308 335 10,450 SH   DFND   10,450 0 0
WAL-MART STORES INC COM 931142103 136 1,984 SH   DFND 1 1,984 0 0
WAL-MART STORES INC COM 931142103 248 3,628 SH   DFND   3,400 0 228
WELLS FARGO & CO NEW COM 949746101 13 270 SH   DFND 1 270 0 0
WELLS FARGO & CO NEW COM 949746101 1,163 24,050 SH   DFND   21,870 0 2,180
WISDOMTREE TR JAPN HEDGE EQT 97717W851 1,258 28,785 SH   DFND 1 28,785 0 0
YAHOO INC COM 984332106 1,580 42,927 SH   DFND 1 42,927 0 0
YAHOO INC COM 984332106 1,707 46,364 SH   DFND   45,479 0 885