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
ABERCROMBIE AND FITCH CLA 002896207 25 700 SH   DFND 1 0 700 0
ADVANCE AUTO PARTS COM 00751Y106 83 1,000 SH   DFND 1 0 1,000 0
ALLIANCEBERNSTEIN HOLDING LP UNIT LTD PARTN 01881g106 56 2,800 SH   DFND 1 0 2,800 0
AMAZON.COM INC COM 023135106 9,276 29,670 SH   DFND 1 0 29,670 0
AMERICAN CAMPUS COMMUNITIES COM 024835100 51 1,500 SH   DFND 1 0 1,500 0
AMERICAN TOWER COM 03027X100 67 900 SH   DFND 1 0 900 0
APPLE COMPUTER INC COM 037833100 16,000 33,560 SH   DFND 1 0 33,560 0
AT&T INC COM 00206r102 57 1,700 SH   DFND 1 0 1,700 0
BLACKSTONE GROUP LP COM UNIT LTD 09253U108 7,555 303,540 SH   DFND 1 0 303,540 0
BOARDWALK PIPELINE PARTNERS LP UT LTD PARTNERS 096627104 112 3,689 SH   DFND 1 0 3,689 0
BOEING CO COM 097023105 7,224 61,481 SH   DFND 1 0 61,481 0
BOSTON PROPERTIES INC. COM 101121101 466 4,361 SH   DFND 1 0 4,361 0
BROADCOM CORPORATION CLA 111320107 49 1,900 SH   DFND 1 0 1,900 0
BUCKEYE PARTNERS L.P. UNIT LTD PARTN 118230101 312 4,760 SH   DFND 1 0 4,760 0
CABOT OIL & GAS CORP COM 127097103 9,410 252,152 SH   DFND 1 0 252,152 0
CARLYLE GROUP COM UTS LTD PTN 14309L102 123 4,800 SH   DFND 1 0 4,800 0
CARNIVAL CORP PAIRED CTF 143658300 91 2,800 SH   DFND 1 0 2,800 0
CATERPILLAR INC. COM 149123101 50 600 SH   DFND 1 0 600 0
CENTENE CORP COM 15135B101 2,317 36,226 SH   DFND 1 0 36,226 0
CHARLES SCHWAB CORP. COM 808513105 9,547 451,594 SH   DFND 1 0 451,594 0
CHARTER COMMUNICATIONS CLA NEW 16117m305 12,513 92,853 SH   DFND 1 0 92,853 0
CHESAPEAKE ENERGY CORP COM 165167107 7,011 270,922 SH   DFND 1 0 270,922 0
CME GROUP INC COM 12572q105 11,859 160,515 SH   DFND 1 0 160,515 0
COCA COLA CO COM 191216100 106 2,806 SH   DFND 1 0 2,806 0
COMCAST CORP CL-A CLA 20030n101 144 3,200 SH   DFND 1 0 3,200 0
CONAGRA FOODS INC COM 205887102 164 5,400 SH   DFND 1 0 5,400 0
CONCHO RESOURCES INC COM 20605P101 60 550 SH   DFND 1 0 550 0
CONOCOPHILLIPS COM 20825c104 90 1,300 SH   DFND 1 0 1,300 0
CONSOLIDATED EDISON INC COM 209115104 88 1,600 SH   DFND 1 0 1,600 0
CORNING INC COM 219350105 54 3,700 SH   DFND 1 0 3,700 0
CRESTWOOD MIDSTREAM PARTNERS LP COM UNITS REP STG 226372100 11 514 SH   DFND 1 0 514 0
CUMMINS INC COM 231021106 8,519 64,113 SH   DFND 1 0 64,113 0
DISNEY WALT CO COM DISNEY 254687106 5,825 90,330 SH   DFND 1 0 90,330 0
EAGLE MATERIALS INC COM 26969p108 2,414 33,268 SH   DFND 1 0 33,268 0
EBAY INC COM 278642103 4,086 73,235 SH   DFND 1 0 73,235 0
EDWARDS LIFESCIENCES CORP SPONSORED ADR 28176e108 38 550 SH   DFND 1 0 550 0
ENERGY TRANSFER EQUITY LP COM UT LTD PTN 29273V100 228 3,460 SH   DFND 1 0 3,460 0
ENTERPRISE PRODUCTS PART LP COM 293792107 641 10,500 SH   DFND 1 0 10,500 0
EOG RESOURCES INC COM 26875p101 16,740 98,887 SH   DFND 1 0 98,887 0
EQUITY RESIDENTIAL SHS BEN INT 29476L107 64 1,200 SH   DFND 1 0 1,200 0
EXPEDIA INC COM NEW 30212p105 62 1,200 SH   DFND 1 0 1,200 0
FACEBOOK INC-A CLA 30303M102 18,214 362,615 SH   DFND 1 0 362,615 0
FEDEX CORP COM 31428X106 57 500 SH   DFND 1 0 500 0
FORTINET INC COM 34959E109 32 1,600 SH   DFND 1 0 1,600 0
FRANKLIN RESOURCES INC COM 354613101 76 1,500 SH   DFND 1 0 1,500 0
GENERAL ELECTRIC CO COM 369604103 184 7,700 SH   DFND 1 0 7,700 0
GENESIS ENERGY LP UNIT LTD PARTN 371927104 95 1,905 SH   DFND 1 0 1,905 0
GOLDCORP, INC. COM 380956409 68 2,600 SH   DFND 1 0 2,600 0
GOOGLE INC CLA 38259p508 16,277 18,583 SH   DFND 1 0 18,583 0
GREEN DOT CORP CLA 39304d102 4,905 186,279 SH   DFND 1 0 186,279 0
GROUPON INC CLA 399473107 1,237 110,325 SH   DFND 1 0 110,325 0
GRUPO TELEVISA SA SPON ADR REP ORD 40049j206 61 2,200 SH   DFND 1 0 2,200 0
HOLLYFRONTIER CORP COM 436106108 139 3,300 SH   DFND 1 0 3,300 0
HONDA MOTOR CO LTD AMERN SHS 438128308 183 4,800 SH   DFND 1 0 4,800 0
HOST HOTELS & RESORT COM 44107P104 74 4,200 SH   DFND 1 0 4,200 0
IAC/INTERACTIVECORP COM PAR $.001 44919p300 66 1,200 SH   DFND 1 0 1,200 0
INTEL CORP COM 458140100 80 3,500 SH   DFND 1 0 3,500 0
INTERCONTINENTAL HOTELS ADR SPON ADR NEW 12 45857p400 61 2,100 SH   DFND 1 0 2,100 0
INTERNATIONAL BUSINESS MACHINES COM 459200101 83 450 SH   DFND 1 0 450 0
INTUIT INC. COM 461202103 60 900 SH   DFND 1 0 900 0
ISHARES LEHMAN TIPS BOND FD TIPS BD ETF 464287176 169 1,500 SH   DFND 1 0 1,500 0
JIVE SOFTWARE INC COM 47760A108 21 1,700 SH   DFND 1 0 1,700 0
JP MORGAN CHASE & CO COM 46625h100 72 1,400 SH   DFND 1 0 1,400 0
KBR INC COM 48242w106 42 1,300 SH   DFND 1 0 1,300 0
LENNAR CORP CLA 526057104 12,462 352,034 SH   DFND 1 0 352,034 0
LENNAR CORP CLASS B CLB 526057302 982 34,273 SH   DFND 1 0 34,273 0
LIBERTY GLOBAL INC CLASS A SHS CL A G5480U104 5,298 66,765 SH   DFND 1 0 66,765 0
LIBERTY MEDIA CORP CLA 531229102 2,653 18,032 SH   DFND 1 0 18,032 0
LIBERTY VENTURES - SER A LBT VENT COM A 53071m880 5,108 57,931 SH   DFND 1 0 57,931 0
LINKEDIN CORP - A CLA 53578a108 10,111 41,092 SH   DFND 1 0 41,092 0
LYONDELLBASELL INDU-CL A SHS-A N5375100 51 700 SH   DFND 1 0 700 0
MACERICH CO COM 554382101 312 5,521 SH   DFND 1 0 5,521 0
MAGELLAN MIDSTREAM PARTNERS COM UNIT RP LP 559080106 201 3,570 SH   DFND 1 0 3,570 0
MANCHESTER UNITED PLC-CL A ORD CL A G5784H106 387 22,302 SH   DFND 1 0 22,302 0
MARATHON OIL CORP COM 565849106 167 4,800 SH   DFND 1 0 4,800 0
MASTERCARD INC COM 57636q104 5,281 7,849 SH   DFND 1 0 7,849 0
MGIC INVESTMENT CORP COM 552848103 2,424 332,923 SH   DFND 1 0 332,923 0
MGM MIRAGE COM 552953101 14,312 700,191 SH   DFND 1 0 700,191 0
MICROSOFT CORPORATION COM 594918104 90 2,700 SH   DFND 1 0 2,700 0
MOLSON COORS BREWING CO CL B 60871r209 68 1,350 SH   DFND 1 0 1,350 0
MONSANTO COM 61166w101 63 600 SH   DFND 1 0 600 0
MOSAIC CO COM 61945a103 30 700 SH   DFND 1 0 700 0
NATIONAL OILWELL VARCO INC COM 637071101 86 1,100 SH   DFND 1 0 1,100 0
NUANCE COMMUNICATIONS INC COM 67020y100 26 1,400 SH   DFND 1 0 1,400 0
NUSTAR ENERGY LP UNIT COM 67058H102 234 5,843 SH   DFND 1 0 5,843 0
OAKTREE CAPITAL GROUP LLC UNIT 99/99/9999 674001201 58 1,100 SH   DFND 1 0 1,100 0
OCCIDENTAL PETROLEUM COM 674599105 75 800 SH   DFND 1 0 800 0
OCH-ZIFF CAPITAL MGMT LLC CLA 67551u105 37 3,383 SH   DFND 1 0 3,383 0
ONEOK PARTNERS, L.P. UNIT LTD PARTN 68268n103 505 9,530 SH   DFND 1 0 9,530 0
ORACLE SYSTEMS CORP COM 68389x105 70 2,100 SH   DFND 1 0 2,100 0
PHILIP MORRIS INTERNATIONAL COM 718172109 121 1,400 SH   DFND 1 0 1,400 0
PIONEER NATURAL RESOURCES CO. COM 723787107 5,713 30,258 SH   DFND 1 0 30,258 0
PLAINS ALL AMERICAN PIPELINE LP UNIT LTD PARTN 726503105 299 5,681 SH   DFND 1 0 5,681 0
POLO RALPH LAUREN CLA 751212101 82 500 SH   DFND 1 0 500 0
PRICELINE.COM, INC. COM NEW 741503403 10,804 10,687 SH   DFND 1 0 10,687 0
PZENA INVESTMENT MANAGEMENT INC. CLASS A 74731q103 26 3,800 SH   DFND 1 0 3,800 0
QUALCOMM INC. COM 747525103 152 2,252 SH   DFND 1 0 2,252 0
RADIAN GROUP COM 750236101 6,717 482,198 SH   DFND 1 0 482,198 0
SOUTHWESTERN ENERGY CO COM 845467109 3,592 98,739 SH   DFND 1 0 98,739 0
SPDR GOLD TRUST GOLD SHS 78463V107 64 500 SH   DFND 1 0 500 0
SPROUTS FARMERS MARKETS INC COM 85208m102 5 106 SH   DFND 1 0 106 0
STANDARD PACIFIC CORP COM 85375c101 2,890 365,403 SH   DFND 1 0 365,403 0
STARBUCKS CORP COM 855244109 14,157 183,935 SH   DFND 1 0 183,935 0
SUBURBAN PROPANE PARTNERS LP UNIT LTD PARTN 864482104 111 2,380 SH   DFND 1 0 2,380 0
TABLEAU SOFTWARE INC CLA 87336u105 659 9,245 SH   DFND 1 0 9,245 0
TARGET CORP COM 87612e106 173 2,700 SH   DFND 1 0 2,700 0
TAYLOR MORRISON HOME CORP-A COM 87724p106 3,948 174,316 SH   DFND 1 0 174,316 0
TIBCO SOFTWARE INC COM 88632q103 46 1,800 SH   DFND 1 0 1,800 0
TOLL BROTHERS INC COM 889478103 12,938 398,946 SH   DFND 1 0 398,946 0
TRANSOCEAN INC REG SHS H8817H100 98 2,200 SH   DFND 1 0 2,200 0
VERIZON COMMUNICATIONS INC COM 92343v104 159 3,400 SH   DFND 1 0 3,400 0
VODAFONE GROUP ADR SPONS ADR NEW 92857w100 77 2,200 SH   DFND 1 0 2,200 0
WEYERHAEUSER CO COM 962166104 65 2,267 SH   DFND 1 0 2,267 0
WILLIAMS COS INC COM 969457100 62 1,700 SH   DFND 1 0 1,700 0
WORKDAY INC CLA 98138H101 486 6,008 SH   DFND 1 0 6,008 0
WYNN RESORTS, LIMITED COM 983134107 84 530 SH   DFND 1 0 530 0
YAHOO! INC. COM 984332106 8,654 260,907 SH   DFND 1 0 260,907 0
YELP INC CLA 985817105 604 9,126 SH   DFND 1 0 9,126 0
YUM BRANDS INC COM 988498101 4,332 60,674 SH   DFND 1 0 60,674 0
ZYNGA COM 98986T108 1,170 318,726 SH   DFND 1 0 318,726 0