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
21ST CENTURY FOX -A- -SHS CL A 90130A101 1,131 39,900 SH   DFND   39,900 0 0
ABBOTT LABS COM 002824100 350 7,205 SH   DFND 1 0 0 7,205
ABBVIE INC COM 00287Y109 411 5,670 SH   DFND 1 0 0 5,670
ALCOBRA LTD SHS M2239P109 12 11,000 SH   DFND 1 0 0 11,000
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 4,094 29,055 SH   DFND 1 0 0 29,055
ALLERGAN PLC SHS G0177J108 1,277 5,255 SH   DFND 1 0 0 5,255
ALPHABET INC CAP STK CL C 02079K107 7,145 7,863 SH   DFND 1 0 0 7,863
ALPHABET INC CAP STK CL A 02079K305 1,647 1,772 SH   DFND 1 0 0 1,772
ALPHABET INC SHS A CAP STK CL A 02079K305 2,170 2,334 SH   DFND   2,334 0 0
AMAZON COM INC COM 023135106 3,333 3,443 SH   DFND 1 0 0 3,443
AMERICAN EXPRESS CO COM 025816109 502 5,954 SH   DFND 1 0 0 5,954
AMPLIFY ETF TR ONLIN RETL ETF 032108102 456 12,900 SH   DFND 1 0 0 12,900
APPLE INC COM 037833100 2,970 20,620 SH   DFND 1 0 0 20,620
APPLE INC COM 037833100 313 2,170 SH   DFND 1 0 0 2,170
ASTRAZENECA PLC SPONSORED ADR 046353108 1,438 42,180 SH   DFND 1 0 0 42,180
AT&T INC COM 00206R102 1,020 27,045 SH   DFND 1 0 0 27,045
BANK AMER CORP COM 060505104 1,026 42,300 SH   DFND 1 0 0 42,300
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 400 2,364 SH   DFND 1 0 0 2,364
BLACKSTONE GROUP L P COM UNIT LTD 09253U108 320 9,591 SH   DFND 1 0 0 9,591
BOEING CO COM 097023105 242 1,223 SH   DFND 1 0 0 1,223
BOFI HLDG INC COM 05566U108 1,590 67,021 SH   DFND 1 0 0 67,021
BRISTOL-MYERS SQUIBB CO -SHS COM 110122108 100 1,800 SH   DFND   1,800 0 0
CAESARSTONE SDOT-YAM LTD ORD SHS M20598104 10,515 300,000 SH   SOLE   300,000 0 0
CELGENE CORP COM 151020104 235 1,812 SH   DFND 1 0 0 1,812
CHECK POINT SOFTWARE TECH LT ORD M22465104 8,904 81,629 SH   DFND 1 0 0 81,629
CHEVRON CORP -SHS COM 166764100 225 2,160 SH   DFND   2,160 0 0
CHINA MOBILE LIMITED SPONSORED ADR 16941M109 1,449 27,300 SH   DFND 1 0 0 27,300
CISCO SYS INC COM 17275R102 3,038 97,073 SH   DFND 1 0 0 97,073
CITIGROUP INC COM NEW 172967424 896 13,393 SH   DFND 1 0 0 13,393
CITIGROUP INC COM NEW 172967424 231 3,458 SH   DFND 1 0 0 3,458
CITIGROUP INC -SHS COM NEW 172967424 2,232 33,380 SH   DFND   33,380 0 0
CLAYMORE EXCHANGE TRD FD TR GUGG INSDR SENT 18383M209 939 16,847 SH   DFND 1 0 0 16,847
COCA COLA CO COM 191216100 237 5,276 SH   DFND 1 0 0 5,276
CVS HEALTH CORP COM 126650100 1,485 18,460 SH   DFND 1 0 0 18,460
DBX ETF DB X-TRACKERS MSCI -ETF DB XTR MSCI EUR 233051853 157 5,740 SH   DFND   5,740 0 0
DBX ETF TR XTRAK MSCI EAFE 233051200 309 10,292 SH   DFND 1 0 0 10,292
DBX ETF TR DX TRACKR GERMN 233051408 4,358 161,294 SH   DFND 1 0 0 161,294
DELTA AIR LINES INC DEL COM NEW 247361702 768 14,287 SH   DFND 1 0 0 14,287
DIAGEO P L C SPON ADR NEW 25243Q205 509 4,250 SH   DFND 1 0 0 4,250
DUKE ENERGY CORP NEW COM NEW 26441C204 474 5,670 SH   DFND 1 0 0 5,670
EATON VANCE TX MNG BY WRT OP COM 27828Y108 174 11,410 SH   DFND 1 0 0 11,410
Elbit Imaging Ltd ORD SHS M37605108 767 269,067 SH   SOLE   269,067 0 0
Ellomay Capital Limited SHS M39927120 125 14,000 SH   SOLE   14,000 0 0
ETF MANAGERS TR PUREFUNDS ISE CY 26924G201 1,536 51,162 SH   DFND 1 0 0 51,162
EXXON MOBIL CORP COM 30231G102 269 3,338 SH   DFND 1 0 0 3,338
FACEBOOK INC CL A 30303M102 1,534 10,159 SH   DFND 1 0 0 10,159
FACEBOOK SHS -A- -SHS CL A 30303M102 121 800 SH   DFND   800 0 0
FINANCIAL SELECT SECTOR SPDR-ETF SBI INT-FINL 81369Y605 467 18,940 SH   DFND   18,940 0 0
FIRST TR EXCHANGE TRADED FD CHINDIA ETF 33733A102 865 24,638 SH   DFND 1 0 0 24,638
FIRST TR EXCHANGE TRADED FD DJ INTERNT IDX 33733E302 1,668 17,605 SH   DFND 1 0 0 17,605
FIRST TR EXCHANGE TRADED FD CLOUD COMPUTING 33734X192 1,871 47,377 SH   DFND 1 0 0 47,377
FIRST TR EXCHANGE TRADED FD NASDAQ CYB ETF 33734X846 234 10,840 SH   DFND 1 0 0 10,840
FIRST TR EXCHANGE TRADED FD NO AMER ENERGY 33738D101 422 17,170 SH   DFND 1 0 0 17,170
FIRST TR EXCHANGE TRADED FD RISNG DIVD ACHIV 33738R506 670 24,760 SH   DFND 1 0 0 24,760
FIRST TR NASDAQ100 TECH INDE SHS 337345102 1,990 31,895 SH   DFND 1 0 0 31,895
FORD MTR CO DEL COM PAR $0.01 345370860 191 17,071 SH   DFND 1 0 0 17,071
Gazit Globe Ltd SHS M4793C102 16,397 1,700,000 SH   SOLE   1,700,000 0 0
GENERAL DYNAMICS CORP COM 369550108 219 1,107 SH   DFND 1 0 0 1,107
GENERAL ELECTRIC CO COM 369604103 1,067 39,493 SH   DFND 1 0 0 39,493
GENERAL ELECTRIC CO -SHS COM 369604103 231 8,560 SH   DFND   8,560 0 0
GILEAD SCIENCES INC COM 375558103 2,178 30,772 SH   DFND 1 0 0 30,772
HALLIBURTON CO COM 406216101 507 11,866 SH   DFND 1 0 0 11,866
HEALTH CARE SELECT SECTOR-ETF SBI HEALTHCARE 81369Y209 6,595 83,230 SH   DFND   83,230 0 0
HONEYWELL INTERNATIONAL INC -SHS COM 438516106 529 3,970 SH   DFND   3,970 0 0
HSBC HLDGS CV OPEN-END -VAR DBCV 5.625%12/3 404280AR0 263 250,000 SH   DFND   250,000 0 0
HSBC HLDGS PLC DBCV 6.375%12/3 404280AS8 420 400,000 PRN   DFND 1 0 0 400,000
HSBC HLDGS PLC NOTE 6.375%12/3 404280AT6 530 500,000 PRN   DFND 1 0 0 500,000
HSBC HLDGS PLC NOTE 6.875%12/3 404280BC2 271 250,000 PRN   DFND 1 0 0 250,000
INDEXIQ ETF TR US RL EST SMCP 45409B628 272 10,052 SH   DFND 1 0 0 10,052
ING GROEP N V DBCV 6.000%12/3 456837AE3 205 200,000 PRN   DFND 1 0 0 200,000
ING GROUP 6percent ADD TIER 1 OPEN-EN DBCV 6.000%12/3 456837AE3 729 700,000 SH   DFND   700,000 0 0
INTEL CORP COM 458140100 542 16,071 SH   DFND 1 0 0 16,071
INTERNATIONAL FLAVORS&FRAGRA COM 459506101 225 1,670 SH   DFND 1 0 0 1,670
ISH IBDS DEC 18 TRM -ETF IBONDS DEC18 ETF 46434VAA8 51 2,010 SH   DFND   2,010 0 0
IShares MSCI Germany ETF 464286806 12,108 400,000 SH   SOLE   400,000 0 0
ISHARES MSCI BRZ CAP ETF 464286400 846 24,767 SH   DFND 1 0 0 24,767
ISHARES INDIA 50 ETF 464289529 382 11,380 SH   DFND 1 0 0 11,380
ISHARES BARCLAYS 1-3 YEAR CR-ETF 1-3 YR CR BD ETF 464288646 651 6,180 SH   DFND   6,180 0 0
ISHARES BARCLAYS INTERM.CREDIT BOND INTERM CR BD ETF 464288638 391 3,560 SH   DFND   3,560 0 0
ISHARES CCY HEDGED MSCI JAPAN -ETF HDG MSCI JAPAN 46434V886 193 6,470 SH   DFND   6,470 0 0
ISHARES CORE HIGH DIVIDEND ETF CORE HIGH DV ETF 46429B663 4,865 58,520 SH   DFND   58,520 0 0
ISHARES CORE MSCI EMERGING MARK ETF CORE MSCI EMKT 46434G103 344 6,870 SH   DFND   6,870 0 0
ISHARES CORE S&P SMALL CAP ETF CORE S&P SCP ETF 464287804 3,539 50,450 SH   DFND   50,450 0 0
ISHARES CORE TOT U.S. AGGRE BD ETF CORE US AGGBD ET 464287226 231 2,110 SH   DFND   2,110 0 0
ISHARES FLOATING RATE NOTE FUND-ETF FLTG RATE BD ETF 46429B655 523 10,270 SH   DFND   10,270 0 0
ISHARES IBOXX H/Y CORP BOND-ETF IBOXX HI YD ETF 464288513 246 2,780 SH   DFND   2,780 0 0
ISHARES IBOXX INV GR CORP BD-ETF IBOXX INV CP ETF 464287242 171 1,420 SH   DFND   1,420 0 0
ISHARES MSCI ACWI INDEX FUND-ETF MSCI ACWI ETF 464288257 32 490 SH   DFND   490 0 0
ISHARES MSCI ASIA EX-JAPAN-ETF MSCI AC ASIA ETF 464288182 209 3,100 SH   DFND   3,100 0 0
ISHARES MSCI EUROZONE ETF MSCI EURZONE ETF 464286608 301 7,460 SH   DFND   7,460 0 0
ISHARES MSCI JAPAN ETF MSCI JPN ETF NEW 46434G822 2,173 40,500 SH   DFND   40,500 0 0
ISHARES NASDAQ BIOTECHNOLOG IND FD NASDQ BIOTEC ETF 464287556 791 2,550 SH   DFND   2,550 0 0
Ishares TR U.S. FINLS ETF 464287788 10,752 100,000 SH   SOLE   100,000 0 0
ISHARES TR SELECT DIVID ETF 464287168 997 10,809 SH   DFND 1 0 0 10,809
ISHARES TR TIPS BD ETF 464287176 292 2,571 PRN   DFND 1 0 0 2,571
ISHARES TR IBOXX INV CP ETF 464287242 371 3,080 PRN   DFND 1 0 0 3,080
ISHARES TR GLOB HLTHCRE ETF 464287325 356 3,252 SH   DFND 1 0 0 3,252
ISHARES TR 1-3 YR TR BD ETF 464287457 2,160 25,560 PRN   DFND 1 0 0 25,560
ISHARES TR NASDQ BIOTEC ETF 464287556 1,271 4,100 SH   DFND 1 0 0 4,100
ISHARES TR RUS 1000 GRW ETF 464287614 348 2,927 SH   DFND 1 0 0 2,927
ISHARES TR RUS 1000 ETF 464287622 278 2,054 SH   DFND 1 0 0 2,054
ISHARES TR US HLTHCARE ETF 464287762 320 1,923 SH   DFND 1 0 0 1,923
ISHARES TR SP SMCP600VL ETF 464287879 619 4,430 SH   DFND 1 0 0 4,430
ISHARES TR AGENCY BOND ETF 464288166 1,456 12,805 PRN   DFND 1 0 0 12,805
ISHARES TR MSCI AC ASIA ETF 464288182 530 7,863 SH   DFND 1 0 0 7,863
ISHARES TR MSCI ACWI ETF 464288257 2,774 42,350 SH   DFND 1 0 0 42,350
ISHARES TR IBOXX HI YD ETF 464288513 266 3,007 PRN   DFND 1 0 0 3,007
ISHARES TR INTERM CR BD ETF 464288638 596 5,430 PRN   DFND 1 0 0 5,430
ISHARES TR 1-3 YR CR BD ETF 464288646 433 4,113 PRN   DFND 1 0 0 4,113
ISHARES TR 3-7 YR TR BD ETF 464288661 4,660 37,715 PRN   DFND 1 0 0 37,715
ISHARES TR U.S. PFD STK ETF 464288687 267 6,817 PRN   DFND 1 0 0 6,817
ISHARES TR GLB CNSM STP ETF 464288737 348 3,400 SH   DFND 1 0 0 3,400
ISHARES TR US HOME CONS ETF 464288752 409 12,057 SH   DFND 1 0 0 12,057
ISHARES TR U.S. AER&DEF ETF 464288760 1,330 8,452 SH   DFND 1 0 0 8,452
ISHARES TR U.S. INSRNCE ETF 464288786 346 5,525 SH   DFND 1 0 0 5,525
ISHARES TR US HLTHCR PR ETF 464288828 203 1,367 SH   DFND 1 0 0 1,367
ISHARES TR U.S. PHARMA ETF 464288836 563 3,631 SH   DFND 1 0 0 3,631
ISHARES TR CORE HIGH DV ETF 46429B663 2,458 29,569 SH   DFND 1 0 0 29,569
ISHARES TR 0-5 YR TIPS ETF 46429B747 306 3,050 PRN   DFND 1 0 0 3,050
ISHARES TR USA MOMENTUM FCT 46432F396 426 4,798 SH   DFND 1 0 0 4,798
ISHARES TR HDG MSCI GERMN 46434V704 695 24,848 SH   DFND 1 0 0 24,848
ISHARES TR MSCI SPAIN ETF 46435G813 423 18,120 SH   DFND 1 0 0 18,120
ISHARES TRUST DISCRET SECT INDEX FD GLB CNS DISC ETF 464288745 2,484 25,100 SH   DFND   25,100 0 0
ISHARES US FINANCIAL SERVICES -ETF U.S. FIN SVC ETF 464287770 5,992 52,850 SH   DFND   52,850 0 0
JOHNSON & JOHNSON COM 478160104 446 3,373 SH   DFND 1 0 0 3,373
JPMORGAN CHASE & CO COM 46625H100 1,828 19,997 SH   DFND 1 0 0 19,997
JPMORGAN CHASE & CO -SHS COM 46625H100 1,805 19,750 SH   DFND   19,750 0 0
KINDER MORGAN INC DEL COM 49456B101 278 14,517 SH   DFND 1 0 0 14,517
KONINKLIJKE PHILIPS N V NY REG SH NEW 500472303 583 16,280 SH   DFND 1 0 0 16,280
LAS VEGAS SANDS CORP COM 517834107 1,501 23,495 SH   DFND 1 0 0 23,495
LILLY ELI & CO COM 532457108 350 4,255 SH   DFND 1 0 0 4,255
LOWES COS INC COM 548661107 223 2,875 SH   DFND 1 0 0 2,875
MASTERCARD -A- CL A 57636Q104 121 1,000 SH   DFND   1,000 0 0
MASTERCARD INCORPORATED CL A 57636Q104 318 2,615 SH   DFND 1 0 0 2,615
MCDONALDS CORP COM 580135101 593 3,872 SH   DFND 1 0 0 3,872
MCKESSON CORP -SHS COM 58155Q103 1,162 7,065 SH   DFND   7,065 0 0
MELLANOX TECHNOLOGIES LTD SHS M51363113 1,711 39,507 SH   DFND 1 0 0 39,507
MERCK & CO INC COM 58933Y105 380 5,930 SH   DFND 1 0 0 5,930
METLIFE INC COM 59156R108 2,442 44,453 SH   DFND 1 0 0 44,453
MICRON TECHNOLOGY INC COM 595112103 1,406 47,075 SH   DFND 1 0 0 47,075
MICROSOFT CORP COM 594918104 561 8,141 SH   DFND 1 0 0 8,141
MICROSOFT CORP COM 594918104 275 3,996 SH   DFND 1 0 0 3,996
MIND C T I LTD ORD M70240102 172 68,480 SH   DFND 1 0 0 68,480
MONDELEZ INTL -SHS CL A 609207105 973 22,520 SH   DFND   22,520 0 0
NIKE INC CL B 654106103 205 3,480 SH   DFND 1 0 0 3,480
NOKIA CORP SPONSORED ADR 654902204 653 105,990 SH   DFND 1 0 0 105,990
NOVO-NORDISK A S ADR 670100205 232 5,420 SH   DFND 1 0 0 5,420
NVIDIA CORP COM 67066G104 314 2,170 SH   DFND 1 0 0 2,170
OCLARO INC COM NEW 67555N206 469 50,175 SH   DFND 1 0 0 50,175
OPKO HEALTH INC COM 68375N103 483 73,335 SH   DFND 1 0 0 73,335
ORBITAL ATK INC COM 68557N103 200 2,037 SH   DFND 1 0 0 2,037
ORBOTECH LTD ORD M75253100 2,154 66,032 SH   DFND 1 0 0 66,032
PALO ALTO NETWORKS INC COM 697435105 421 3,143 SH   DFND 1 0 0 3,143
PAYPAL HLDGS INC COM 70450Y103 3,124 58,199 SH   DFND 1 0 0 58,199
PFIZER INC COM 717081103 3,790 112,846 SH   DFND 1 0 0 112,846
PFIZER INC -SHS COM 717081103 263 7,820 SH   DFND   7,820 0 0
PHILIP MORRIS INTL INC COM 718172109 217 1,850 SH   DFND 1 0 0 1,850
PIMCO ACTIVE BOND FUND -ETF ACTIVE BD ETF 72201R775 353 3,330 SH   DFND   3,330 0 0
PIMCO ETF 0-5 Y HI YI CORP BD IND 0-5 HIGH YIELD 72201R783 241 2,375 SH   DFND   2,375 0 0
PIMCO ETF TR 1-5 US TIP IDX 72201R205 308 5,900 PRN   DFND 1 0 0 5,900
PIMCO ETF TR ACTIVE BD ETF 72201R775 1,864 17,580 PRN   DFND 1 0 0 17,580
PIMCO ETF TRUST SHRT MTRTY-ETF ENHAN SHRT MA AC 72201R833 556 5,470 SH   DFND   5,470 0 0
POTASH CORP SASK INC COM 73755L107 10,439 640,451 SH   SOLE   640,451 0 0
POWERSHARES ETF TR II VAR RATE PFD POR 73937B597 542 20,725 PRN   DFND 1 0 0 20,725
POWERSHARES ETF TR II S&P500 LOW VOL 73937B779 1,689 37,760 SH   DFND 1 0 0 37,760
POWERSHARES ETF TR II S&P SMCP IT PO 73937B860 296 4,000 SH   DFND 1 0 0 4,000
POWERSHARES ETF TRUST NASD INTNT ETF 73935X146 391 3,795 SH   DFND 1 0 0 3,795
POWERSHARES ETF TRUST DYNA BUYBK ACH 73935X286 459 8,556 SH   DFND 1 0 0 8,556
POWERSHARES ETF TRUST DYN BLDG CNSTR 73935X666 1,465 49,080 SH   DFND 1 0 0 49,080
POWERSHARES ETF TRUST II SENIOR LN PORT 73936Q769 636 27,470 PRN   DFND 1 0 0 27,470
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 7,044 51,176 SH   DFND 1 0 0 51,176
POWERSHARES QQQ-ETF UNIT SER 1 73935A104 1,249 9,073 SH   DFND   9,073 0 0
PRICELINE GRP INC COM NEW 741503403 746 399 SH   DFND 1 0 0 399
PROCTER AND GAMBLE CO COM 742718109 1,193 13,689 SH   DFND 1 0 0 13,689
PROSHARES POWERSHS SR LOAN PORT ETF SENIOR LN PORT 73936Q769 333 14,410 SH   DFND   14,410 0 0
RANGE RES CORP COM 75281A109 209 9,035 SH   DFND 1 0 0 9,035
REAL ESTATE SEL SECTOR SPDR -ETF RL EST SEL SEC 81369Y860 26 821 SH   DFND   821 0 0
REDHILL BIOPHARMA LTD SPONSORED ADS 757468103 1,514 175,659 SH   DFND 1 0 0 175,659
ROYAL CARIBBEAN CRUISES LTD COM V7780T103 220 2,010 SH   DFND 1 0 0 2,010
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 3,109 58,459 SH   DFND 1 0 0 58,459
SALESFORCE COM INC COM 79466L302 377 4,350 SH   DFND 1 0 0 4,350
SANOFI SPONSORED ADR 80105N105 972 20,294 SH   DFND 1 0 0 20,294
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 9,624 121,456 SH   SOLE   121,456 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 7,234 91,293 SH   DFND 1 0 0 91,293
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 5,054 91,989 SH   DFND 1 0 0 91,989
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 2,312 25,792 SH   DFND 1 0 0 25,792
SELECT SECTOR SPDR TR ENERGY 81369Y506 464 7,153 SH   DFND 1 0 0 7,153
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 8,132 329,641 SH   DFND 1 0 0 329,641
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 840 12,332 SH   DFND 1 0 0 12,332
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 9,189 167,934 SH   DFND 1 0 0 167,934
SELECT SECTOR SPDR TR RL EST SEL SEC 81369Y860 1,041 32,326 SH   DFND 1 0 0 32,326
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 604 11,626 SH   DFND 1 0 0 11,626
SIMON PPTY GROUP INC NEW COM 828806109 990 6,122 SH   DFND 1 0 0 6,122
SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 463 2,170 SH   DFND 1 0 0 2,170
SPDR INDEX SHS FDS EURO STOXX 50 78463X202 649 16,880 SH   DFND 1 0 0 16,880
SPDR INDEX SHS FDS S&P CHINA ETF 78463X400 908 10,167 SH   DFND 1 0 0 10,167
SPDR S&P 500 ETF TR TR UNIT 78462F103 14,913 61,675 SH   DFND 1 0 0 61,675
SPDR SERIES TRUST S&P HOMEBUILD 78464A888 16,252 421,800 SH   SOLE   421,800 0 0
SPDR SERIES TRUST BLMBRG BRC CNVRT 78464A359 290 5,845 PRN   DFND 1 0 0 5,845
SPDR SERIES TRUST BLOMBRG BRC INTR 78464A375 3,435 99,833 PRN   DFND 1 0 0 99,833
SPDR SERIES TRUST BLOOMBERG BRCLYS 78464A417 300 8,061 PRN   DFND 1 0 0 8,061
SPDR SERIES TRUST S&P TRANSN ETF 78464A532 460 8,305 SH   DFND 1 0 0 8,305
SPDR SERIES TRUST HLTH CR EQUIP 78464A581 2,941 47,927 SH   DFND 1 0 0 47,927
SPDR SERIES TRUST S&P REGL BKG 78464A698 762 13,875 SH   DFND 1 0 0 13,875
SPDR SERIES TRUST S&P PHARMAC 78464A722 447 10,381 SH   DFND 1 0 0 10,381
SPDR SERIES TRUST S&P DIVID ETF 78464A763 377 4,246 SH   DFND 1 0 0 4,246
SPDR SERIES TRUST S&P BK ETF 78464A797 856 19,667 SH   DFND 1 0 0 19,667
SPDR SERIES TRUST S&P HOMEBUILD 78464A888 3,209 83,278 SH   DFND 1 0 0 83,278
SPDR TRUST SERIES 1-ETF TR UNIT 78462F103 4,853 20,070 SH   DFND   20,070 0 0
SPLUNK INC COM 848637104 591 10,380 SH   DFND 1 0 0 10,380
STARBUCKS CORP COM 855244109 1,579 27,078 SH   DFND 1 0 0 27,078
STARBUCKS CORP -SHS COM 855244109 111 1,900 SH   DFND   1,900 0 0
STEADYMED LTD SHS M84920103 76 12,000 SH   DFND 1 0 0 12,000
SYNCHRONY FINL COM 87165B103 814 27,310 SH   DFND 1 0 0 27,310
TEVA PHARMACEUTICAL INDS LTD SPONSORED ADR 881624209 462 13,898 SH   DFND 1 0 0 13,898
THE KRAFT HEINZ COMPANY -SHS COM 500754106 245 2,860 SH   DFND   2,860 0 0
TORONTO DOMINION BK ONT NOTE 3.625% 9/1 891160MJ9 79 80,000 PRN   DFND 1 0 0 80,000
Tower Semiconductor SHS NEW M87915274 22,216 931,500 SH   SOLE   931,500 0 0
TOWER SEMICONDUCTOR LTD SHS NEW M87915274 947 39,707 SH   DFND 1 0 0 39,707
TWITTER INC COM 90184L102 1,001 56,005 SH   DFND 1 0 0 56,005
UNITED PARCEL SERVICE INC CL B 911312106 1,213 10,968 SH   DFND 1 0 0 10,968
VANECK VECTORS ETF TR GOLD MINERS ETF 92189F106 1,307 59,195 SH   DFND 1 0 0 59,195
VANGARD WORLD FDS FINANCIALS ETF 92204A405 5,630 90,000 SH   SOLE   90,000 0 0
VANGUARD BD INDEX FD INC INTERMED TERM 921937819 725 8,580 PRN   DFND 1 0 0 8,580
VANGUARD EUROPEAN ETF-ETF FTSE EUROPE ETF 922042874 248 4,500 SH   DFND   4,500 0 0
VANGUARD INDEX FDS REIT ETF 922908553 1,347 16,188 SH   DFND 1 0 0 16,188
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 1,269 15,850 PRN   DFND 1 0 0 15,850
VANGUARD SPECIALIZED PORTFOL DIV APP ETF 921908844 483 5,216 SH   DFND 1 0 0 5,216
VERIZON COMMUNICATIONS INC -SHS COM 92343V104 63 1,400 SH   DFND   1,400 0 0
VISA INC COM CL A 92826C839 2,582 27,528 SH   DFND 1 0 0 27,528
VISA INC-CLASS A -SHS COM CL A 92826C839 1,641 17,500 SH   DFND   17,500 0 0
VODAFONE GROUP PLC NEW SPONSORED ADR 92857W308 533 18,564 SH   DFND 1 0 0 18,564
WAL-MART STORES INC COM 931142103 1,162 15,360 SH   DFND 1 0 0 15,360
Whirlpool Corp COM 963320106 15,330 80,000 SH   SOLE   80,000 0 0
WISDOMTREE EUROPE HED EQ FD -ETF EUROPE HEDGED EQ 97717X701 207 3,325 SH   DFND   3,325 0 0
WISDOMTREE TR US DIVID EX FNCL 97717W406 298 3,617 SH   DFND 1 0 0 3,617
WISDOMTREE TR US MIDCAP DIVID 97717W505 448 4,585 SH   DFND 1 0 0 4,585
WISDOMTREE TR US SMALLCP ERNGS 97717W562 507 15,432 SH   DFND 1 0 0 15,432
WISDOMTREE TR JAPN HEDGE EQT 97717W851 3,953 76,010 SH   DFND 1 0 0 76,010
WISDOMTREE TR EUROPE SMCP DV 97717W869 349 5,404 SH   DFND 1 0 0 5,404
WISDOMTREE TR EUROPE HEDGED EQ 97717X701 3,943 63,266 SH   DFND 1 0 0 63,266
WT EM CPR BD FD -ETF WSDM EMKTBD FD 97717X784 115 1,600 SH   DFND   1,600 0 0
WT JPN HDG EQ - SHS BENEF INT -ETF JAPN HEDGE EQT 97717W851 635 12,220 SH   DFND   12,220 0 0