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
iShares Nasdaq Biotechnology ETF COM 464287556 12,977 120,450 SH   SOLE   120,450 0 0
iShares U.S. Home Construction ETF COM 464288752 21,436 740,950 SH   SOLE   740,950 0 0
Invesco QQQ Trust Series 1 COM 46090E103 41,698 219,000 SH   SOLE   219,000 0 0
VANECK VECTORS SEMICONDUCTOR ETF COM 92189F676 12,399 105,850 SH   SOLE   105,850 0 0
Vanguard Consumer Staples ETF COM 92204A207 54,329 394,200 SH   SOLE   394,200 0 0
iShares Edge MSCI USA Value Factor ETF COM 46432F388 34,263 543,850 SH   SOLE   543,850 0 0
SPDR S&P Biotech ETF COM 78464A870 15,546 200,750 SH   SOLE   200,750 0 0
SPDR S&P Homebuilders ETF COM 78464A888 15,984 536,550 SH   SOLE   536,550 0 0
Financial Select Sector SPDR Fund COM 81369Y605 56,995 2,737,500 SH   SOLE   2,737,500 0 0
Technology Select Sector SPDR Fund COM 81369Y803 81,551 1,014,700 SH   SOLE   1,014,700 0 0
Health Care Select Sector SPDR Fund COM 81369Y209 50,680 572,140 SH   SOLE   572,140 0 0
Consumer Discretionary Select Sector SPDR Fund COM 81369Y407 20,406 208,050 SH   SOLE   208,050 0 0