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
ADIENT PLC COM G0084W101 514 8,600 SH   SOLE   8,600 0 0
ADOBE SYSTEMS INC COM 00724F101 2,895 13,400 SH   SOLE   13,400 0 0
ALEXION PHARMACEUTICALS, INC. COM 015351109 279 2,500 SH   SOLE   2,500 0 0
ALIBABA GROUP HLDS LTD COM 01609W102 9,938 54,148 SH   SOLE   54,148 0 0
ALPHABET INC - CL A COM 02079K305 7,099 6,845 SH   SOLE   6,845 0 0
ALPHABET INC NON-VOTING CL C COM 02079K107 2,476 2,400 SH   SOLE   2,400 0 0
AMAZON.COM INC. COM 023135106 4,226 2,920 SH   SOLE   2,920 0 0
AMERICAN EXPRESS CO. COM 025816109 5,068 54,330 SH   SOLE   54,330 0 0
ANTHEM INC COM 036752103 747 3,400 SH   SOLE   3,400 0 0
APOLLO GLOBAL MANAGEMENT COM 037612306 1,244 42,000 SH   SOLE   42,000 0 0
APPLE INC COM 037833100 44,423 264,770 SH   SOLE   264,770 0 0
AT&T INC COM 00206R102 1,815 50,910 SH   SOLE   50,910 0 0
AXIS CAPITAL HOLDINGS LTD COM G0692U109 489 8,500 SH   SOLE   8,500 0 0
BAIDU, INC. COM 056752108 1,094 4,900 SH   SOLE   4,900 0 0
BANK OF AMERICA COM 060505104 3,251 108,400 SH   SOLE   108,400 0 0
BB&T BANK COM 054937107 1,247 23,970 SH   SOLE   23,970 0 0
BIOGEN IDEC INC COM 09062X103 821 3,000 SH   SOLE   3,000 0 0
BLACKROCK INC COM 09247X101 379 700 SH   SOLE   700 0 0
BLACKSTONE GROUP COM 09253U108 383 12,000 SH   SOLE   12,000 0 0
CBOE HOLDINGS COM 12503M108 2,293 20,100 SH   SOLE   20,100 0 0
CHEVRON COM 166764100 1,338 11,735 SH   SOLE   11,735 0 0
CHUBB LTD(old ACE LTD) COM H1467J104 998 7,300 SH   SOLE   7,300 0 0
CIGNA CORP COM 125509109 671 4,000 SH   SOLE   4,000 0 0
CITIGROUP COM 172967424 4,185 62,000 SH   SOLE   62,000 0 0
CME GROUP INC COM 12572Q105 2,264 14,000 SH   SOLE   14,000 0 0
COMCAST CORPORATION COM 20030N101 1,367 40,000 SH   SOLE   40,000 0 0
COMERICA INC. COM 200340107 2,940 30,650 SH   SOLE   30,650 0 0
CTRIP.COM INTL LTD COM 22943F100 2,162 46,365 SH   SOLE   46,365 0 0
DEXCOM INC. COM 252131107 577 7,780 SH   SOLE   7,780 0 0
DOLBY LABORATORIES INC COM 25659T107 1,462 23,000 SH   SOLE   23,000 0 0
DOWDUPONT INC COM 26078J100 255 4,000 SH   SOLE   4,000 0 0
EDWARDS LIFESCIENCES CORP. COM 28176E108 1,639 11,750 SH   SOLE   11,750 0 0
ERICSSON COM 294821608 320 50,000 SH   SOLE   50,000 0 0
EXPEDIA COM 30212P303 276 2,500 SH   SOLE   2,500 0 0
EXXON COM 30231G102 2,499 33,500 SH   SOLE   33,500 0 0
FACEBOOK COM 30303M102 5,580 34,920 SH   SOLE   34,920 0 0
FIDELITY NATIONAL COM 31620M106 2,369 24,600 SH   SOLE   24,600 0 0
GENERAL ELECTRIC CO. COM 369604103 1,459 108,200 SH   SOLE   108,200 0 0
GILEAD SCIENCES INC COM 375558103 1,312 17,400 SH   SOLE   17,400 0 0
GOLDMAN SACHS GROUP COM 38141G104 1,889 7,500 SH   SOLE   7,500 0 0
GW PHARMACEUTICALS PLC COM 36197T103 587 5,210 SH   SOLE   5,210 0 0
INDEPENDENT BANK GROUP INC COM 45384B106 1,994 28,200 SH   SOLE   28,200 0 0
INTEL CORP COM 458140100 656 12,600 SH   SOLE   12,600 0 0
INTERNATIONAL BUSINESS MACHINE COM 459200101 663 4,320 SH   SOLE   4,320 0 0
JAZZ PHARMACEUTICALS PLC COM G50871105 624 4,130 SH   SOLE   4,130 0 0
JD COM INC COM 47215P106 4,079 100,736 SH   SOLE   100,736 0 0
JOHNSON & JOHNSON COM 478160104 1,792 13,980 SH   SOLE   13,980 0 0
JP MORGAN COM 46625H100 7,456 67,800 SH   SOLE   67,800 0 0
LAM RESEARCH CORP COM 512807108 1,219 6,000 SH   SOLE   6,000 0 0
MASTERCARD INC COM 57636Q104 1,016 5,800 SH   SOLE   5,800 0 0
MERCK & CO. INC. COM 58933Y105 763 14,000 SH   SOLE   14,000 0 0
MICROSOFT CORP COM 594918104 9,102 99,730 SH   SOLE   99,730 0 0
MORGAN STANLEY COM 617446448 3,993 74,000 SH   SOLE   74,000 0 0
NASDAQ INC. COM 631103108 1,147 13,300 SH   SOLE   13,300 0 0
NETEASE INC (ADR) COM 64110W102 967 3,450 SH   SOLE   3,450 0 0
NEW ORIENTAL EDUCATION & TECH COM 647581107 3,908 44,590 SH   SOLE   44,590 0 0
NEXTERA ENERGY INC COM 65339F101 490 3,000 SH   SOLE   3,000 0 0
NORTHERN TRUST COM 665859104 586 5,680 SH   SOLE   5,680 0 0
PFIZER COM 717081103 639 18,000 SH   SOLE   18,000 0 0
PROGRESSIVE INSURANCE COM 743315103 427 7,000 SH   SOLE   7,000 0 0
PTC INC COM 69370C100 2,652 34,000 SH   SOLE   34,000 0 0
RAYTHEON & COMPANY COM 755111507 3,173 14,700 SH   SOLE   14,700 0 0
SCHLUMBERGER LTD COM 806857108 842 13,000 SH   SOLE   13,000 0 0
SPIRIT AEROSYSTEMS HLDGS INC COM 848574109 2,176 26,000 SH   SOLE   26,000 0 0
STIFEL FINANCIAL CORP COM 860630102 2,926 49,400 SH   SOLE   49,400 0 0
SUMMIT MATERIALS INC COM 86614U100 1,958 64,648 SH   SOLE   64,648 0 0
TAIWAN SEMICONDUCTOR MFG CO COM 874039100 254 5,800 SH   SOLE   5,800 0 0
TESLA MOTORS, INC. COM 88160R101 532 2,000 SH   SOLE   2,000 0 0
TEVA PHARMACEUTICAL-SP ADR COM 881624209 171 10,000 SH   SOLE   10,000 0 0
TEXAS INSTRUMENTS COM 882508104 834 8,030 SH   SOLE   8,030 0 0
THE BOEING CO COM 097023105 2,951 9,000 SH   SOLE   9,000 0 0
THE CARLYLE GROUP COM 14309L102 1,157 54,200 SH   SOLE   54,200 0 0
TRANSOCEAN INC COM H8817H100 1,158 117,000 SH   SOLE   117,000 0 0
UNITEDHEALTH GROUP COM 91324P102 1,284 6,000 SH   SOLE   6,000 0 0
US CONCRETE INC COM 90333L201 423 7,000 SH   SOLE   7,000 0 0
VALEANT PHARMACEUTICALS COM 91911K102 239 15,000 SH   SOLE   15,000 0 0
VERIZON COMMUNICATION INC. COM 92343V104 3,559 74,420 SH   SOLE   74,420 0 0
VERTEX PHARMACEUTICALS COM 92532F100 864 5,300 SH   SOLE   5,300 0 0
VISA INC COM 92826C839 3,267 27,315 SH   SOLE   27,315 0 0
WALT DISNEY CO. COM 254687106 1,406 14,000 SH   SOLE   14,000 0 0
WEIBO CORP ADR COM 948596101 837 7,000 SH   SOLE   7,000 0 0
WORLDPAY INC COM 981558109 411 5,000 SH   SOLE   5,000 0 0
ZTO EXPRESS CAYMAN INC COM 98980A105 465 31,000 SH   SOLE   31,000 0 0
BARCLAYS BK PLC(IPATH SP500 VI ETF 06746L422 2,839 60,000 SH   SOLE   60,000 0 0
CONSUMER STAPLES SPDR ETF 81369Y308 65,488 1,244,310 SH   SOLE   1,244,310 0 0
DB COMMODITY INDEX FUND ETF 73935S105 4,330 255,000 SH   SOLE   255,000 0 0
ISHARE MSCI EMERGING MARKETS E ETF 464287234 186,428 3,861,400 SH   SOLE   3,861,400 0 0
ISHARES CORE MSCI EMERGING MKT ETF 46434G103 105,382 1,804,489 SH   SOLE   1,804,489 0 0
ISHARES CORE TOTAL US BOND ETF ETF 464287226 98,155 915,200 SH   SOLE   915,200 0 0
ISHARES DJ US REAL ESTATE ETF 464287739 43,191 572,300 SH   SOLE   572,300 0 0
ISHARES JAPAN ETF 46434G822 33,089 545,305 SH   SOLE   545,305 0 0
ISHARES MSCI AUSTRALIA INDEX F ETF 464286103 18,650 846,940 SH   SOLE   846,940 0 0
ISHARES MSCI CANADA INDEX ETF 464286509 28,753 1,043,286 SH   SOLE   1,043,286 0 0
ISHARES MSCI CHINA ETF ETF 46429B671 87,090 1,270,090 SH   SOLE   1,270,090 0 0
ISHARES MSCI EAFE GROWTH ETF 464288885 10,206 126,989 SH   SOLE   126,989 0 0
ISHARES MSCI EAFE SMALL CAP ETF 464288273 14,427 221,310 SH   SOLE   221,310 0 0
ISHARES MSCI EAFE VALUE ETF 464288877 10,964 200,991 SH   SOLE   200,991 0 0
ISHARES MSCI EMERG MRKT ASIA ETF 464286426 4,019 53,630 SH   SOLE   53,630 0 0
ISHARES MSCI EUROPE FINANCIALS ETF 464289180 14,426 624,500 SH   SOLE   624,500 0 0
ISHARES MSCI UNITED KINGDOM ETF 46435G334 5,478 157,650 SH   SOLE   157,650 0 0
ISHARES MSCI USA MOMENTUM FACT ETF 46432F396 4,272 40,328 SH   SOLE   40,328 0 0
ISHARES NASDAQ BIOTECH ETF 464287556 34,893 326,900 SH   SOLE   326,900 0 0
ISHARES S&P 500 GROWTH ETF ETF 464287309 18,309 118,069 SH   SOLE   118,069 0 0
ISHARES S&P 500 VALUE ETF ETF 464287408 10,751 98,322 SH   SOLE   98,322 0 0
ISHARES S&P MIDCAP 400/GROWTH ETF 464287606 17,615 80,681 SH   SOLE   80,681 0 0
ISHARES S&P MIDCAP 400/VALUE E ETF 464287705 7,332 47,458 SH   SOLE   47,458 0 0
ROBO GLOBAL ROBOTICS AND AUTOM ETF 301505707 1,652 39,500 SH   SOLE   39,500 0 0
RUSSELL 2000 INDEX FUND ETF 464287655 21,532 141,816 SH   SOLE   141,816 0 0
SELECT SECTOR SPDR- REAL ESTAT ETF 81369Y860 22,792 733,329 SH   SOLE   733,329 0 0
SELECT SECTOR SPDR-CONSUMER DI ETF 81369Y407 113,402 1,119,580 SH   SOLE   1,119,580 0 0
SELECT SECTOR SPDR-ENERGY ETF 81369Y506 191,023 2,833,754 SH   SOLE   2,833,754 0 0
SELECT SECTOR SPDR-FINANCIAL ETF 81369Y605 118,109 4,283,962 SH   SOLE   4,283,962 0 0
SELECT SECTOR SPDR-HEALTH CARE ETF 81369Y209 119,372 1,466,485 SH   SOLE   1,466,485 0 0
SELECT SECTOR SPDR-INDUSTRIAL ETF 81369Y704 88,382 1,189,690 SH   SOLE   1,189,690 0 0
SELECT SECTOR SPDR-MATERIALS ETF 81369Y100 24,050 422,380 SH   SOLE   422,380 0 0
SELECT SECTOR SPDR-TECHNOLOGY ETF 81369Y803 206,606 3,158,144 SH   SOLE   3,158,144 0 0
SELECT SECTOR SPDR-UTILITIES ETF 81369Y886 37,267 737,515 SH   SOLE   737,515 0 0
SPDR S&P BANK ETF ETF 78464A797 45,596 952,100 SH   SOLE   952,100 0 0
SPDR S&P OIL & GAS EXPLORATION ETF 78464A730 11,341 322,000 SH   SOLE   322,000 0 0
SPDR-S&P 500 INDEX ETF 78462F103 79,170 300,855 SH   SOLE   300,855 0 0
VANECK VECTORS JUNIOR GOLD MIN ETF 92189F791 4,179 130,000 SH   SOLE   130,000 0 0
VANECK VECTORS OIL SERVICES ET ETF 92189F718 1,146 48,000 SH   SOLE   48,000 0 0
VANGUARD FTSE DEVELOPED MARKET ETF 921943858 46,020 1,040,000 SH   SOLE   1,040,000 0 0
VANGUARD FTSE EUROPE ETF ETF 922042874 20,290 348,930 SH   SOLE   348,930 0 0
VANGUARD RUSSELL 2000 ETF ETF 92206C664 6,096 50,000 SH   SOLE   50,000 0 0
VANGUARD S&P 500 ETF ETF 922908363 144,667 597,600 SH   SOLE   597,600 0 0
Vanguard Extended Market ETF ETF 922908652 84,005 753,000 SH   SOLE   753,000 0 0