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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

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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
CATERPILLAR INC DEL COM 149123101 10,083 67,600 SH   DFND 1 67,600 0 0
ISHARES INC MSCI BRAZIL ETF 464286400 165,960 6,000,000 SH Call DFND 1 0 0 6,000,000
ISHARES TR MSCI EMG MKT ETF 464287234 101,407 2,300,000 SH Call DFND 1 0 0 2,300,000
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 49,498 643,000 SH   DFND 1 643,000 0 0
SOCIAL CAP HDOSPHIA HLDG CO SHS CL A G8250T109 7,235 381,000 SH   DFND 1 381,000 0 0
VANECK VECTORS ETF TR SEMICONDUCTOR ET 92189F676 24,914 143,017 SH   DFND 1 143,017 0 0