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
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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
Acacia Communications Inc COM 00401C108 3,197 30,950 SH   DFND 1 0 30,950 0
Align Technology, Inc. COM 016255101 2,242 23,915 SH   SOLE 0 23,915 0 0
Alphabet Inc., Class A COM 02079K305 1,620 2,015 SH   SOLE 0 2,015 0 0
Amazon.com, Inc. COM 023135106 4,614 5,510 SH   SOLE 0 5,510 0 0
Becton Dickinson & Co COM 075887109 2,302 12,810 SH   SOLE 0 12,810 0 0
BlackRock, Inc. COM 09247X101 2,107 5,813 SH   SOLE 0 5,813 0 0
Blackstone Group LP COM 09253U108 4,176 163,590 SH   SOLE 0 163,590 0 0
Charles Schwab COM 808513105 2,919 92,450 SH   SOLE 0 92,450 0 0
CME Group Inc COM 12572Q105 1,585 15,167 SH   SOLE 0 15,167 0 0
Comcast Corp. COM 20030N101 2,116 31,900 SH   SOLE 0 31,900 0 0
Constellation Brands, Inc. COM 21036P108 1,998 12,000 SH   SOLE 0 12,000 0 0
Exxon Mobil Corp. COM 30231G102 2,399 27,485 SH   SOLE 0 27,485 0 0
Fabrinet COM G3323L100 9,498 213,000 SH   DFND 1 0 213,000 0
Fabrinet COM G3323L100 875 19,625 SH   SOLE 0 19,625 0 0
Facebook, Inc. COM 30303M102 5,918 46,135 SH   SOLE 0 46,135 0 0
Fiserv, Inc. COM 337738108 2,199 22,105 SH   SOLE 0 22,105 0 0
Home Depot, Inc. COM 437076102 3,034 23,580 SH   SOLE 0 23,580 0 0
Honeywell COM 438516106 3,256 27,925 SH   SOLE 0 27,925 0 0
Intuit COM 461202103 4,032 36,655 SH   SOLE 0 36,655 0 0
iShares MSCI Asia Ex-Japan Index ETF 464288182 1,636 27,025 SH   SOLE 0 27,025 0 0
iShares MSCI Indonesia ETF ETF 46429B309 1,436 54,320 SH   SOLE 0 54,320 0 0
iShares MSCI Philippines ETF ETF 46429B408 1,442 38,700 SH   SOLE 0 38,700 0 0
Johnson & Johnson COM 478160104 2,922 24,735 SH   SOLE 0 24,735 0 0
L-3 Communications Holdings COM 502424104 3,284 21,785 SH   SOLE 0 21,785 0 0
Lam Research Corp. COM 512807108 2,281 24,085 SH   SOLE 0 24,085 0 0
Lennar Corp. COM 526057104 1,401 33,085 SH   SOLE 0 33,085 0 0
Lowe's Companies COM 548661107 4,215 58,375 SH   SOLE 0 58,375 0 0
Lumentum Holdings, Inc. COM 55024U109 6,504 155,700 SH   DFND 1 0 155,700 0
Lumentum Holdings, Inc. COM 55024U109 3,345 80,075 SH   SOLE 0 80,075 0 0
Market Vectors Vietnam ETF ETF 92189F817 1,502 99,440 SH   SOLE 0 99,440 0 0
Medtronic pcl COM G5960L103 2,700 31,100 SH   SOLE 0 31,100 0 0
Neophotonics Corp COM 64051T100 5,052 309,200 SH   DFND 1 0 309,200 0
Newmont Mining Corporation COM 651639106 2,040 51,915 SH   SOLE 0 51,915 0 0
Northrop Grumman Corp COM 666807102 2,085 9,745 SH   SOLE 0 9,745 0 0
Oclaro Inc. COM 67555N206 5,216 610,000 SH   DFND 1 0 610,000 0
Raytheon Company COM 755111507 4,732 34,760 SH   SOLE 0 34,760 0 0
Salesforce.com, Inc. COM 79466L302 4,042 56,660 SH   SOLE 0 56,660 0 0
Texas Instruments, Inc. COM 882508104 4,604 65,600 SH   SOLE 0 65,600 0 0
Thermo Fisher Scientific, Inc. COM 883556102 4,151 26,100 SH   SOLE 0 26,100 0 0
Visa, Inc. COM 92826C839 2,861 34,600 SH   SOLE 0 34,600 0 0