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 2,272 56,500 SH   SOLE   56,500 0 0
ABBVIE INC COM 00287Y109 2,476 45,500 SH   SOLE   45,500 0 0
AMERICAN EXPRESS CO COM 025816109 371 5,000 SH   SOLE   5,000 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 2,955 52,000 SH   SOLE   52,000 0 0
APPLE INC COM 037833100 5,736 52,000 SH   SOLE   52,000 0 0
APPLIED MATLS INC COM 038222105 1,910 130,000 SH   SOLE   130,000 0 0
AT&T INC COM 00206R102 2,932 90,000 SH   SOLE   90,000 0 0
B/E AEROSPACE INC COM 073302101 439 10,000 SH   SOLE   10,000 0 0
BANK AMER CORP COM 060505104 4,674 300,000 SH   SOLE   300,000 0 0
BAXALTA INC COM 07177M103 1,702 54,000 SH   SOLE   54,000 0 0
BAXTER INTL INC COM 071813109 1,577 48,000 SH   SOLE   48,000 0 0
BOSTON SCIENTIFIC CORP COM 101137107 3,922 239,000 SH   SOLE   239,000 0 0
BOX INC CL A 10316T104 315 25,000 SH   SOLE   25,000 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 3,670 62,000 SH   SOLE   62,000 0 0
CARDINAL HEALTH INC COM 14149Y108 1,613 21,000 SH   SOLE   21,000 0 0
CERNER CORP COM 156782104 3,598 60,000 SH   SOLE   60,000 0 0
CISCO SYS INC COM 17275R102 5,696 217,000 SH   SOLE   217,000 0 0
CME GROUP INC COM 12572Q105 3,431 37,000 SH   SOLE   37,000 0 0
COACH INC COM 189754104 723 25,000 SH   SOLE   25,000 0 0
CYPRESS SEMICONDUCTOR CORP COM 232806109 256 30,000 SH   SOLE   30,000 0 0
DISCOVER FINL SVCS COM 254709108 1,820 35,000 SH   SOLE   35,000 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 1,783 37,000 SH   SOLE   37,000 0 0
EATON CORP PLC SHS G29183103 2,052 40,000 SH   SOLE   40,000 0 0
EBAY INC COM 278642103 978 40,000 SH   SOLE   40,000 0 0
EMERSON ELEC CO COM 291011104 795 18,000 SH   SOLE   18,000 0 0
F M C CORP COM NEW 302491303 1,492 44,000 SH   SOLE   44,000 0 0
FACEBOOK INC CL A 30303M102 3,807 42,346 SH   SOLE   42,346 0 0
FLEXSHARES TR MORNSTAR UPSTR 33939L407 10,061 428,500 SH   SOLE   428,500 0 0
GAP INC DEL COM 364760108 456 16,000 SH   SOLE   16,000 0 0
GENERAL ELECTRIC CO COM 369604103 5,675 225,000 SH   SOLE   225,000 0 0
GENERAL MLS INC COM 370334104 2,750 49,000 SH   SOLE   49,000 0 0
GENERAL MTRS CO COM 37045V100 4,821 160,600 SH   SOLE   160,600 0 0
GOOGLE INC CL A 38259P508 2,553 4,000 SH   SOLE   4,000 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 4,258 93,000 SH   SOLE   93,000 0 0
ISHARES MSCI WORLD ETF 464286392 37,891 567,486 SH   SOLE   567,486 0 0
ISHARES TR CORE S&P500 ETF 464287200 126,690 657,412 SH   SOLE   657,412 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 128,510 3,920,376 SH   SOLE   3,920,376 0 0
ISHARES TR RUS 1000 GRW ETF 464287614 13,504 145,200 SH   SOLE   145,200 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 11,275 343,953 SH   SOLE   343,953 0 0
ISHARES TR IBOXX HI YD ETF 464288513 48,625 583,800 SH   SOLE   583,800 0 0
JOHNSON & JOHNSON COM 478160104 1,400 15,000 SH   SOLE   15,000 0 0
JOHNSON CTLS INC COM 478366107 3,846 93,000 SH   SOLE   93,000 0 0
JPMORGAN CHASE & CO ALERIAN ML ETN 46625H365 59,841 1,969,090 SH   SOLE   1,969,090 0 0
JUNIPER NETWORKS INC COM 48203R104 4,756 185,000 SH   SOLE   185,000 0 0
KIMBERLY CLARK CORP COM 494368103 1,308 12,000 SH   SOLE   12,000 0 0
LENNAR CORP CL A 526057104 2,806 58,300 SH   SOLE   58,300 0 0
MARATHON OIL CORP COM 565849106 169 11,000 SH   SOLE   11,000 0 0
MARKET VECTORS ETF TR OIL SVCS ETF 57060U191 5,359 195,000 SH   SOLE   195,000 0 0
MCDONALDS CORP COM 580135101 4,927 50,000 SH   SOLE   50,000 0 0
MERCK & CO INC NEW COM 58933Y105 2,914 59,000 SH   SOLE   59,000 0 0
MICRON TECHNOLOGY INC COM 595112103 1,798 120,000 SH   SOLE   120,000 0 0
MICROSOFT CORP COM 594918104 2,656 60,000 SH   SOLE   60,000 0 0
MONDELEZ INTL INC CL A 609207105 1,968 47,000 SH   SOLE   47,000 0 0
MORGAN STANLEY COM NEW 617446448 1,323 42,000 SH   SOLE   42,000 0 0
NABORS INDUSTRIES LTD SHS G6359F103 406 43,000 SH   SOLE   43,000 0 0
NVIDIA CORP COM 67066G104 2,465 100,000 SH   SOLE   100,000 0 0
ORACLE CORP COM 68389X105 3,720 103,000 SH   SOLE   103,000 0 0
PAYPAL HLDGS INC COM 70450Y103 2,173 70,000 SH   SOLE   70,000 0 0
PFIZER INC COM 717081103 628 20,000 SH   SOLE   20,000 0 0
PNC FINL SVCS GROUP INC COM 693475105 1,784 20,000 SH   SOLE   20,000 0 0
POWERSHARES DB CMDTY IDX TRA UNIT BEN INT 73935S105 11,786 777,950 SH   SOLE   777,950 0 0
PROCTER & GAMBLE CO COM 742718109 4,532 63,000 SH   SOLE   63,000 0 0
PROGRESSIVE CORP OHIO COM 743315103 1,072 35,000 SH   SOLE   35,000 0 0
QUALCOMM INC COM 747525103 1,316 24,500 SH   SOLE   24,500 0 0
RALPH LAUREN CORP CL A 751212101 922 7,800 SH   SOLE   7,800 0 0
REGIONS FINL CORP NEW COM 7591EP100 946 105,000 SH   SOLE   105,000 0 0
RELYPSA INC COM 759531106 192 10,399 SH   SOLE   10,399 0 0
ROCKWELL COLLINS INC COM 774341101 1,664 20,328 SH   SOLE   20,328 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 3,945 59,567 SH   SOLE   59,567 0 0
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 9,020 191,141 SH   SOLE   191,141 0 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 10,516 141,605 SH   SOLE   141,605 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 33,740 1,488,985 SH   SOLE   1,488,985 0 0
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 21,283 426,607 SH   SOLE   426,607 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 7,816 197,865 SH   SOLE   197,865 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 8,934 206,380 SH   SOLE   206,380 0 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 14,220 232,353 SH   SOLE   232,353 0 0
SELECT SECTOR SPDR TR SBI MATERIALS 81369Y100 1,908 47,800 SH   SOLE   47,800 0 0
SMITH & NEPHEW PLC SPDN ADR NEW 83175M205 3,885 111,000 SH   SOLE   111,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 231,392 1,207,493 SH   SOLE   1,207,493 0 0
STRYKER CORP COM 863667101 2,334 24,800 SH   SOLE   24,800 0 0
TARGET CORP COM 87612E106 2,045 26,000 SH   SOLE   26,000 0 0
TENET HEALTHCARE CORP COM NEW 88033G407 1,772 48,000 SH   SOLE   48,000 0 0
TERADATA CORP DEL COM 88076W103 333 11,500 SH   SOLE   11,500 0 0
TETRAPHASE PHARMACEUTICALS I COM 88165N105 485 65,000 SH   SOLE   65,000 0 0
TEXTRON INC COM 883203101 1,506 40,000 SH   SOLE   40,000 0 0
TIME WARNER INC COM NEW 887317303 619 9,000 SH   SOLE   9,000 0 0
TOLL BROTHERS INC COM 889478103 1,883 55,000 SH   SOLE   55,000 0 0
TWITTER INC COM 90184L102 2,613 97,000 SH   SOLE   97,000 0 0
UNITED PARCEL SERVICE INC CL B 911312106 2,566 26,000 SH   SOLE   26,000 0 0
VANGUARD INDEX FDS REIT ETF 922908553 23,161 306,600 SH   SOLE   306,600 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 21,542 651,022 SH   SOLE   651,022 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 2,611 60,000 SH   SOLE   60,000 0 0
WAL-MART STORES INC COM 931142103 4,604 71,000 SH   SOLE   71,000 0 0
PFENEX INC COM 717071104 42,350 2,821,428 SH   SOLE   2,821,428 0 0
AGROFRESH SOLUTIONS COM 00856G109 138,950 17,500,000 SH   SOLE   17,500,000 0 0