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 COMPANY COM 88579Y101 943 4,949 SH   DFND 1 4,949 0 0
ABBOTT LABORATORIES COM 002824100 1,265 17,487 SH   DFND 1 17,487 0 0
ABBVIE INC COM 00287Y109 294 3,185 SH   DFND 1 3,185 0 0
ACCENTURE PLC IRELAND CLASS SH SHS CLASS A G1151C101 2,013 14,273 SH   DFND 1 14,273 0 0
ACTIVISION BLIZZARD INC COM 00507V109 1,362 29,241 SH   DFND 1 29,241 0 0
ADOBE SYSTEMS INC DELAWA COM 00724F101 1,864 8,237 SH   DFND 1 8,237 0 0
AKAMAI TECHNOLOGIES COM COM 00971T101 450 7,364 SH   DFND 1 7,364 0 0
ALTRIA GROUP INC COM COM 02209S103 519 10,518 SH   DFND 1 10,518 0 0
AMAZON COM INC COM COM 023135106 981 653 SH   DFND 1 653 0 0
AMGEN INC COM COM 031162100 251 1,291 SH   DFND 1 1,291 0 0
ANTHEM INC COM 036752103 708 2,694 SH   DFND 1 2,694 0 0
APPLE INC COM COM 037833100 2,353 14,916 SH   DFND 1 14,916 0 0
AT&T INC COM COM 00206R102 521 18,267 SH   DFND 1 18,267 0 0
AUTODESK INC COM 052769106 1,034 8,042 SH   DFND 1 8,042 0 0
AUTOMATIC DATA PROCES COM 053015103 2,355 17,958 SH   DFND 1 17,958 0 0
BANK OF AMERICA CORPORATION CO COM 060505104 405 16,447 SH   DFND 1 16,447 0 0
BARCLAYS BK PLC S&P 500 VEQTOR S&P 500 VEQTOR 06740C337 304 1,970 SH   DFND 1 1,970 0 0
BAXTER INTERNATIONAL INC COM 071813109 314 4,770 SH   DFND 1 4,770 0 0
BECTON DICKINSON & COMPAN COM 075887109 454 2,013 SH   DFND 1 2,013 0 0
BERKSHIRE HATHAWAY INC SERIES CL B NEW 084670702 710 3,476 SH   DFND 1 3,476 0 0
BERRY PETROLEUM CORP COM 08579X101 702 80,282 SH   DFND 1 80,282 0 0
BOEING CO COM COM 097023105 1,276 3,956 SH   DFND 1 3,956 0 0
BOSTON SCIENTIFIC CORP COM 101137107 368 10,417 SH   DFND 1 10,417 0 0
Broadcom Inc COM 11135f101 381 1,499 SH   DFND 1 1,499 0 0
CADENCE DESIGN SYSTEM COM 127387108 504 11,603 SH   DFND 1 11,603 0 0
CANADIAN NATURAL RESOURCES LTD COM 136385101 1,154 47,806 SH   DFND 1 47,806 0 0
CATERPILLAR INC COM 149123101 622 4,892 SH   DFND 1 4,892 0 0
CDW CORPORATION OF DELAWARE COM 12514G108 529 6,524 SH   DFND 1 6,524 0 0
CHECK POINT SOFTWARE TECHNO COM M22465104 599 5,836 SH   DFND 1 5,836 0 0
CHEVRON CORP NEW COM COM 166764100 598 5,501 SH   DFND 1 5,501 0 0
CIGNA CORPORATION COM COM 125523100 553 2,911 SH   DFND 1 2,911 0 0
CISCO SYS INC COM COM 17275R102 877 20,240 SH   DFND 1 20,240 0 0
CITIGROUP INC COM NEW COM NEW 172967424 231 4,435 SH   DFND 1 4,435 0 0
CITRIX SYSTEMS INC COM 177376100 517 5,050 SH   DFND 1 5,050 0 0
COCA-COLA COMPANY COM 191216100 1,049 22,153 SH   DFND 1 22,153 0 0
COGNIZANT TECHNOLOGY SOLUTI CL A 192446102 1,495 23,549 SH   DFND 1 23,549 0 0
COLGATE-PALMOLIVE COMPAN COM 194162103 289 4,849 SH   DFND 1 4,849 0 0
COMCAST CORP NEW CL A CL A 20030N101 391 11,473 SH   DFND 1 11,473 0 0
CONOCOPHILLIPS COM COM 20825C104 215 3,449 SH   DFND 1 3,449 0 0
COSTAR GROUP INC COM COM 22160N109 487 1,444 SH   DFND 1 1,444 0 0
CSX CORP COM COM 126408103 408 6,570 SH   DFND 1 6,570 0 0
CVS CAREMARK CORP COM 126650100 925 14,115 SH   DFND 1 14,115 0 0
DANAHER CORP COM 235851102 565 5,483 SH   DFND 1 5,483 0 0
DISNEY WALT CO COM DISNEY COM DISNEY 254687106 407 3,715 SH   DFND 1 3,715 0 0
DowDuPont Inc COM 26078J100 620 11,589 SH   DFND 1 11,589 0 0
DXC TECHNOLOGY COMPANY COM 23355l106 654 12,301 SH   DFND 1 12,301 0 0
EBAY INC COM COM 278642103 1,057 37,642 SH   DFND 1 37,642 0 0
ECOLAB INC COM COM 278865100 223 1,511 SH   DFND 1 1,511 0 0
EDWARDS LIFESCIENCE CORP COM 28176E108 282 1,839 SH   DFND 1 1,839 0 0
ELECTRONIC ARTS INC COM 285512109 878 11,126 SH   DFND 1 11,126 0 0
ENBRIDGE INC COM 29250N105 1,121 36,056 SH   DFND 1 36,056 0 0
EXXON MOBIL CORP COM 30231G102 779 11,423 SH   DFND 1 11,423 0 0
FACEBOOK INC CL A CL A 30303M102 2,359 17,993 SH   DFND 1 17,993 0 0
GARTNER INC COM 366651107 445 3,483 SH   DFND 1 3,483 0 0
GENERAL ELECTRIC CO COM COM 369604103 536 70,787 SH   DFND 1 70,787 0 0
GOOGLE INC A CAP STK CL A 02079k305 2,656 2,542 SH   DFND 1 2,542 0 0
Granite Point Mortgage Trust I COM 38741L107 1,399 77,596 SH   DFND 1 77,596 0 0
HCA HOLDINGS INC COM 40412C101 321 2,577 SH   DFND 1 2,577 0 0
HOME DEPOT INC COM 437076102 468 2,722 SH   DFND 1 2,722 0 0
HONEYWELL INTL INC COM 438516106 811 6,139 SH   DFND 1 6,139 0 0
HOSPITALITY PPTYS TR COM SH BE COM SH BEN INT 44106M102 1,077 45,119 SH   DFND 1 45,119 0 0
HUMANA INC COM 444859102 341 1,191 SH   DFND 1 1,191 0 0
IAC INTERACTIVECORP COM PAR $. COM 44919P508 530 2,894 SH   DFND 1 2,894 0 0
ILLUMINA INC COM 452327109 301 1,003 SH   DFND 1 1,003 0 0
INTEL CORP COM COM 458140100 955 20,344 SH   DFND 1 20,344 0 0
INTERNATIONAL BUSINESS MACHIN COM 459200101 2,145 18,867 SH   DFND 1 18,867 0 0
INTUIT COM COM 461202103 1,770 8,990 SH   DFND 1 8,990 0 0
INTUITIVE SURGICAL INC NEW COM 46120E602 425 887 SH   DFND 1 887 0 0
ISHARES ETF SHORT TREA ETF SHORT TREA 464288679 4,263 38,650 SH   DFND 1 38,650 0 0
ISHARES DOW JONES U S BASIC US BASIC 464287838 1,788 21,297 SH   DFND 1 21,297 0 0
ISHARES MSCI FRANCE ETF MSCI FRANCE 464286707 225 8,501 SH   DFND 1 8,501 0 0
ISHARES MSCI UNITED KINGDO MSCI UK 46435G334 223 7,597 SH   DFND 1 7,597 0 0
ISHARES TR 3 7 YR TREAS BD 3-7 YR TR BD ETF 464288661 1,308 10,774 SH   DFND 1 10,774 0 0
ISHARES TR 7-10YR TR BD ETF 7-10YR TR BD ETF 464287440 31,537 302,663 SH   DFND 1 302,663 0 0
ISHARES TR CORE S&P MCP ETF CORE S&P MCP 464287507 13,344 80,354 SH   DFND 1 80,354 0 0
ISHARES TR CORE S&P500 ETF CORE S&P500 ETF 464287200 13,897 55,231 SH   DFND 1 55,231 0 0
ISHARES TR MSCI EAFE ETF MSCI EAFE ETF 464287465 262 4,451 SH   DFND 1 4,451 0 0
JOHNSON & JOHNSON COM 478160104 766 5,932 SH   DFND 1 5,932 0 0
JPMORGAN CHASE & CO COM COM 46625H100 576 5,905 SH   DFND 1 5,905 0 0
KIMCO RLTY CORP COM COM 49446R109 1,024 69,927 SH   DFND 1 69,927 0 0
LILLY ELI & CO COM COM 532457108 201 1,737 SH   DFND 1 1,737 0 0
LOCKHEED MARTIN CORP COM 539830109 598 2,285 SH   DFND 1 2,285 0 0
MASTERCARD INC CLASS A CL A 57636Q104 2,202 11,671 SH   DFND 1 11,671 0 0
MCDONALDS CORP COM 580135101 286 1,610 SH   DFND 1 1,610 0 0
MEDTRONIC INC COM SHS g5960l103 1,269 13,955 SH   DFND 1 13,955 0 0
MERCK & COMPANY INC NEW COM 58933Y105 491 6,431 SH   DFND 1 6,431 0 0
MICROSOFT CORP COM COM 594918104 3,106 30,576 SH   DFND 1 30,576 0 0
MONDELEZ INTL INC CL A COM 609207105 328 8,194 SH   DFND 1 8,194 0 0
NETFLIX.COM INC COM 64110L106 1,949 7,281 SH   DFND 1 7,281 0 0
NEW RESIDENTIAL INVESTMENT COR COM NEW 64828T201 2,208 155,399 SH   DFND 1 155,399 0 0
New Senior Investment Group In COM 648691103 1,317 319,556 SH   DFND 1 319,556 0 0
NORTHSTAR REALTY EUR COM 66706l101 1,188 81,705 SH   DFND 1 81,705 0 0
NVIDIA CORP COM COM 67066G104 321 2,403 SH   DFND 1 2,403 0 0
ORACLE CORP COM 68389X105 2,045 45,283 SH   DFND 1 45,283 0 0
PALO ALTO NETWORKS COM 697435105 751 3,987 SH   DFND 1 3,987 0 0
Paypal Holdings Inc COM 70450Y103 1,890 22,472 SH   DFND 1 22,472 0 0
PENNSYLVANIA REAL ESTATEINVEST COM 709102107 841 141,557 SH   DFND 1 141,557 0 0
PEPSICO INC COM 713448108 902 8,166 SH   DFND 1 8,166 0 0
PFIZER INC COM 717081103 617 14,125 SH   DFND 1 14,125 0 0
PHILIP MORRIS INTL INC COM COM 718172109 588 8,802 SH   DFND 1 8,802 0 0
PIMCO ETF TR ACTIVE BD ETF ACTIVE BD ETF 72201R775 391 3,800 SH   DFND 1 3,800 0 0
PROCTER & GAMBLE COMPANY COM 742718109 1,300 14,145 SH   DFND 1 14,145 0 0
PROSHARES TR PSHS ULT MCAP400 MCAP 400 74347R404 2,392 78,683 SH   DFND 1 78,683 0 0
PROSHARES TR PSHS ULT S&P 500 PSHS ULT S&P 500 74347R107 2,501 26,945 SH   DFND 1 26,945 0 0
PROSHARES TR ULTR 7-10 TREA ULTR 7-10 TREA 74347R180 7,380 132,289 SH   DFND 1 132,289 0 0
QUALCOMM INC COM 747525103 371 6,514 SH   DFND 1 6,514 0 0
RED HAT INC COM 756577102 960 5,464 SH   DFND 1 5,464 0 0
RITE AID CORP COM COM 767754104 7 10,000 SH   DFND 1 10,000 0 0
SALESFORCE COM INC COM COM 79466L302 2,328 17,000 SH   DFND 1 17,000 0 0
SERVICENOW INC COM 81762P102 1,055 5,925 SH   DFND 1 5,925 0 0
SIMON PPTY GROUP INC NEW COM COM 828806109 962 5,725 SH   DFND 1 5,725 0 0
SPDR DOW JONES INDL AVRG ETF U UT SER 1 78467X109 275 1,181 SH   DFND 1 1,181 0 0
SPLUNK INC COM COM 848637104 692 6,597 SH   DFND 1 6,597 0 0
Square Inc COM 852234103 644 11,475 SH   DFND 1 11,475 0 0
STARWOOD PPTY TR INC COM COM 85571B105 1,823 92,485 SH   DFND 1 92,485 0 0
STRYKER CORP COM COM 863667101 446 2,843 SH   DFND 1 2,843 0 0
SYNOPSYS CORP COM 871607107 515 6,110 SH   DFND 1 6,110 0 0
TAUBMAN CENTERS INC COM 876664103 800 17,596 SH   DFND 1 17,596 0 0
TEEKAY CORPORATION COM COM Y8564W103 1,210 362,306 SH   DFND 1 362,306 0 0
TEXAS INSTRS INC COM COM 882508104 406 4,293 SH   DFND 1 4,293 0 0
THERMO FISHER SCIENT COM 883556102 974 4,352 SH   DFND 1 4,352 0 0
TOTAL SYS SVCS INC COM COM 891906109 640 7,870 SH   DFND 1 7,870 0 0
TWITTER INC COM COM 90184L102 864 30,080 SH   DFND 1 30,080 0 0
UNION PACIFIC CORP COM 907818108 839 6,072 SH   DFND 1 6,072 0 0
UNITED PARCEL SERVICE INC CL CL B 911312106 577 5,919 SH   DFND 1 5,919 0 0
UNITED TECHNOLOGIES CORP COM 913017109 766 7,197 SH   DFND 1 7,197 0 0
UNITEDHEALTH GROUP INC COM 91324P102 2,259 9,068 SH   DFND 1 9,068 0 0
VEREIT, Inc COM 92339V100 990 138,508 SH   DFND 1 138,508 0 0
VERISIGN INC COM COM 92343E102 692 4,665 SH   DFND 1 4,665 0 0
VERISK ANALYTICS INC CLASS COM 92345Y106 763 6,998 SH   DFND 1 6,998 0 0
VERIZON COMMUNICATIONS INC COM COM 92343V104 616 10,965 SH   DFND 1 10,965 0 0
VISA INC COM CL A COM CL A 92826C839 2,320 17,580 SH   DFND 1 17,580 0 0
WAL-MART STORES INC COM COM 931142103 736 7,902 SH   DFND 1 7,902 0 0
WALGREENS BOOTS ALLIANCE INC C COM 931427108 320 4,680 SH   DFND 1 4,680 0 0
WELLS FARGO & CO COM COM 949746101 361 7,827 SH   DFND 1 7,827 0 0
WORKDAY INC CLASS A COM 98138H101 775 4,854 SH   DFND 1 4,854 0 0
FIRST TR ENHANCED ETF SHORT ETF SHORT 33739Q408 1,049 17,522 SH   DFND 17,522 0 0
ISHARES ETF SHORT TREA ETF SHORT TREA 464288679 253 2,297 SH   DFND 2,297 0 0
ISHARES ETF SHORT TREA ETF SHORT TREA 464288679 48 438 SH   DFND 438 0 0
DB-X TRACKERS MSCI ETF EAFE HE MSCI ETF EAFE 233051200 631 22,615 SH   SOLE 22,615 0 0
ISHARES MBS ET MBS ETF 464288588 1,072 10,242 SH   SOLE 10,242 0 0
ISHARES TR CORE S&P TTL STK CORE S&P TTL STK 464287150 1,716 30,236 SH   SOLE 30,236 0 0
ISHARES TR CORE US AGGBD ET CORE US AGGBD ET 464287226 2,214 20,787 SH   SOLE 20,787 0 0
ISHARES TR MSCI EAFE ETF MSCI EAFE ETF 464287465 608 10,341 SH   SOLE 10,341 0 0
VANGUARD INTL EQUITY INDEX FD EQUITY INDEX 922042858 203 5,330 SH   SOLE 5,330 0 0