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
ABBOTT LABS COM 002824100 2,849 61,500 SH   SOLE   61,500 0 0
ABBVIE INC COM 00287Y109 3,366 57,500 SH   SOLE   57,500 0 0
ALTERA CORP COM 021441100 2,188 51,000 SH   SOLE   51,000 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 2,849 52,000 SH   SOLE   52,000 0 0
AMGEN INC COM 031162100 2,877 18,000 SH   SOLE   18,000 0 0
APPLE INC COM 037833100 5,724 46,000 SH   SOLE   46,000 0 0
ARIAD PHARMACEUTICALS INC COM 04033A100 412 50,000 SH   SOLE   50,000 0 0
AT&T INC COM 00206R102 1,633 50,000 SH   SOLE   50,000 0 0
BAKER HUGHES INC COM 057224107 1,907 30,000 SH   SOLE   30,000 0 0
BANK AMER CORP COM 060505104 3,848 250,000 SH   SOLE   250,000 0 0
BAXTER INTL INC COM 071813109 3,973 58,000 SH   SOLE   58,000 0 0
BORGWARNER INC COM 099724106 968 16,000 SH   SOLE   16,000 0 0
BOSTON SCIENTIFIC CORP COM 101137107 5,148 290,000 SH   SOLE   290,000 0 0
BOX INC CL A 10316T104 198 10,000 SH   SOLE   10,000 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 4,644 72,000 SH   SOLE   72,000 0 0
BROADCOM CORP CL A 111320107 1,645 38,000 SH   SOLE   38,000 0 0
CBS CORP NEW CL B 124857202 1,091 18,000 SH   SOLE   18,000 0 0
CIGNA CORPORATION COM 125509109 647 5,000 SH   SOLE   5,000 0 0
CISCO SYS INC COM 17275R102 4,129 150,000 SH   SOLE   150,000 0 0
CITIGROUP INC COM NEW 172967424 567 11,000 SH   SOLE   11,000 0 0
CME GROUP INC COM 12572Q105 4,025 42,500 SH   SOLE   42,500 0 0
COACH INC COM 189754104 2,486 60,000 SH   SOLE   60,000 0 0
CORNING INC COM 219350105 1,569 69,180 SH   SOLE   69,180 0 0
DISCOVER FINL SVCS COM 254709108 1,521 27,000 SH   SOLE   27,000 0 0
EATON CORP PLC SHS G29183103 2,718 40,000 SH   SOLE   40,000 0 0
EBAY INC COM 278642103 5,768 100,000 SH   SOLE   100,000 0 0
EMERSON ELEC CO COM 291011104 2,321 41,000 SH   SOLE   41,000 0 0
FACEBOOK INC CL A 30303M102 3,481 42,346 SH   SOLE   42,346 0 0
FLEXSHARES TR MORNSTAR UPSTR 33939L407 12,778 428,500 SH   SOLE   428,500 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 2,421 150,000 SH   SOLE   150,000 0 0
GAP INC DEL COM 364760108 433 10,000 SH   SOLE   10,000 0 0
GENERAL ELECTRIC CO COM 369604103 4,466 180,000 SH   SOLE   180,000 0 0
GENERAL MLS INC COM 370334104 679 12,000 SH   SOLE   12,000 0 0
GENERAL MTRS CO COM 37045V100 7,954 212,100 SH   SOLE   212,100 0 0
GILEAD SCIENCES INC COM 375558103 785 8,000 SH   SOLE   8,000 0 0
GOODYEAR TIRE & RUBR CO COM 382550101 271 10,000 SH   SOLE   10,000 0 0
GOOGLE INC CL A 38259P508 3,051 5,500 SH   SOLE   5,500 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 2,676 64,000 SH   SOLE   64,000 0 0
ISHARES MSCI WORLD ETF 464286392 30,041 408,886 SH   SOLE   408,886 0 0
ISHARES TR CORE S&P500 ETF 464287200 136,006 654,412 SH   SOLE   654,412 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 172,638 4,301,729 SH   SOLE   4,301,729 0 0
ISHARES TR RUS 1000 GRW ETF 464287614 14,363 145,200 SH   SOLE   145,200 0 0
JOHNSON CTLS INC COM 478366107 5,044 100,000 SH   SOLE   100,000 0 0
JPMORGAN CHASE & CO ALERIAN ML ETN 46625H365 74,476 1,740,090 SH   SOLE   1,740,090 0 0
JUNIPER NETWORKS INC COM 48203R104 5,419 240,000 SH   SOLE   240,000 0 0
KRAFT FOODS GROUP INC COM 50076Q106 5,227 60,000 SH   SOLE   60,000 0 0
LENNAR CORP CL A 526057104 3,021 58,300 SH   SOLE   58,300 0 0
MARKET VECTORS ETF TR OIL SVCS ETF 57060U191 2,360 70,000 SH   SOLE   70,000 0 0
MERCK & CO INC NEW COM 58933Y105 4,857 84,500 SH   SOLE   84,500 0 0
MICROSOFT CORP COM 594918104 1,829 45,000 SH   SOLE   45,000 0 0
MONDELEZ INTL INC CL A 609207105 2,021 56,000 SH   SOLE   56,000 0 0
NABORS INDUSTRIES LTD SHS G6359F103 1,638 120,000 SH   SOLE   120,000 0 0
NATIONAL OILWELL VARCO INC COM 637071101 1,750 35,000 SH   SOLE   35,000 0 0
NETAPP INC COM 64110D104 3,773 106,400 SH   SOLE   106,400 0 0
NVIDIA CORP COM 67066G104 2,720 130,000 SH   SOLE   130,000 0 0
ORACLE CORP COM 68389X105 4,962 115,000 SH   SOLE   115,000 0 0
PFIZER COM 717081103 696 20,000 SH   SOLE   20,000 0 0
PHILLIPS 66 COM 718546104 786 10,000 SH   SOLE   10,000 0 0
PNC FINL SVCS GROUP INC COM 693475105 2,145 23,000 SH   SOLE   23,000 0 0
POWERSHARES DB CMDTY IDX TRA UNIT BEN INT 73935S105 13,280 777,950 SH   SOLE   777,950 0 0
PROCTER & GAMBLE CO COM 742718109 4,916 60,000 SH   SOLE   60,000 0 0
PROCTER & GAMBLE CO CALL 742718909 7 20,000 SH Call SOLE   20,000 0 0
QUALCOMM INC COM 747525103 1,699 24,500 SH   SOLE   24,500 0 0
RELYPSA INC COM 759531106 375 10,399 SH   SOLE   10,399 0 0
ROCKWELL COLLINS INC COM 774341101 2,897 30,000 SH   SOLE   30,000 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 16,178 223,143 SH   SOLE   223,143 0 0
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 13,089 268,551 SH   SOLE   268,551 0 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 11,834 157,507 SH   SOLE   157,507 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 39,221 1,626,736 SH   SOLE   1,626,736 0 0
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 7,656 137,271 SH   SOLE   137,271 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 11,421 275,610 SH   SOLE   275,610 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 16,701 375,896 SH   SOLE   375,896 0 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 2,390 30,812 SH   SOLE   30,812 0 0
SELECT SECTOR SPDR TR SBI MATERIALS 81369Y100 4,632 94,965 SH   SOLE   94,965 0 0
SMITH & NEPHEW PLC SPDN ADR NEW 83175M205 4,135 121,000 SH   SOLE   121,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 213,633 1,034,893 SH   SOLE   1,034,893 0 0
STARBUCKS CORP COM 855244109 3,599 38,000 SH   SOLE   38,000 0 0
STRYKER CORP COM 863667101 2,583 28,000 SH   SOLE   28,000 0 0
SYMANTEC CORP COM 871503108 449 19,200 SH   SOLE   19,200 0 0
TARGET CORP COM 87612E106 2,134 26,000 SH   SOLE   26,000 0 0
TERADATA CORP DEL COM 88076W103 3,156 71,500 SH   SOLE   71,500 0 0
TEXTRON INC COM 883203101 1,995 45,000 SH   SOLE   45,000 0 0
TIME WARNER INC COM NEW 887317303 5,404 64,000 SH   SOLE   64,000 0 0
TOLL BROTHERS INC COM 889478103 1,967 50,000 SH   SOLE   50,000 0 0
TWENTY FIRST CENTY FOX INC CL A 90130A101 271 8,000 SH   SOLE   8,000 0 0
TWITTER INC COM 90184L102 6,711 134,000 SH   SOLE   134,000 0 0
UNITED PARCEL SERVICE INC CL B 911312106 2,520 26,000 SH   SOLE   26,000 0 0
VANGUARD INDEX FDS REIT ETF 922908553 29,122 346,400 SH   SOLE   346,400 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 26,607 651,022 SH   SOLE   651,022 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 2,918 60,000 SH   SOLE   60,000 0 0
VMWARE INC CL A COM 928563402 1,222 14,900 SH   SOLE   14,900 0 0
WEATHERFORD INTL PLC ORD SHS G48833100 1,230 100,000 SH   SOLE   100,000 0 0
WHOLE FOODS MKT INC COM 966837106 4,427 85,000 SH   SOLE   85,000 0 0
XILINX INC COM 983919101 1,354 32,000 SH   SOLE   32,000 0 0
YAHOO INC COM 984332106 533 12,000 SH   SOLE   12,000 0 0
PFENEX INC COM 717071104 80,555 5,053,647 SH   SOLE   5,053,647 0 0