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
ALLERGAN PLC SHS ADDED SHS ADDED G0177J108 12,586 41,475 SH   DFND 1,2,3, 12,586 0 0
AMDOCS LTD SHS SHS G02602103 20,078 366,952 SH   DFND 1,2,3, 20,078 0 0
AMERICAN AIRLS GROUP INC COM COM 02376R102 30,059 752,692 SH   DFND 1,2,3, 30,059 0 0
AMERICAN INTL GROUP INC COM NEW COM NEW 026874784 42,018 679,683 SH   DFND 1,2,3, 42,018 0 0
BANK AMER CORP COM COM 060505104 31,189 1,832,481 SH   DFND 1,2,3, 31,189 0 0
BLACKSTONE GROUP L P COM UNIT LTD COM UNIT LTD 09253U108 12,480 305,360 SH   DFND 1,2,3, 12,480 0 0
CELLCOM ISRAEL LTD SHS SHS M2196U109 755 197,526 SH   DFND 1,2, 755 0 0
CHECK POINT SOFTWARE TECH LT ORD ORD M22465104 1,169 14,700 SH   DFND 1, 1,169 0 0
CISCO SYS INC COM COM 17275R102 24,705 899,669 SH   DFND 1,2,3, 24,705 0 0
CITIGROUP INC COM NEW COM NEW 172967424 39,390 713,075 SH   DFND 1,2,3, 39,390 0 0
DELPHI AUTOMOTIVE PLC SHS SHS G27823106 20,094 236,150 SH   DFND 1,2,3, 20,094 0 0
ELBIT SYS LTD ORD ORD M3760D101 7,171 91,630 SH   DFND 2, 7,171 0 0
ETF SER SOLUTIONS US GLB JETS ADDED JETS ADDED 26922A842 12,199 544,840 SH   DFND 1,2,3, 12,199 0 0
EZCHIP SEMICONDUCTOR LIMITED ORD ORD M4146Y108 1,610 100,884 SH   DFND 1,2, 1,610 0 0
FORD MTR CO DEL COM PAR $0.01 COM PAR $0.01 345370860 20,819 1,386,802 SH   DFND 1,2,3, 20,819 0 0
GAZIT GLOBE LTD SHS SHS M4793C102 5,420 450,000 SH   DFND 1,2, 5,420 0 0
GENERAL ELECTRIC CO COM COM 369604103 33,891 1,267,397 SH   DFND 1,2,3, 33,891 0 0
GOOGLE INC CL A CL A 38259P508 19,249 35,644 SH   DFND 1,2,3, 19,249 0 0
GOOGLE INC CL C CL C 38259P706 10,353 19,891 SH   DFND 1,2,3, 10,353 0 0
HALLIBURTON CO COM COM 406216101 22,239 516,345 SH   DFND 1,2,3, 22,239 0 0
ISHARES 1-3 YR CR BD ETF 1-3 YR CR BD ETF 464288646 20 189 SH   DFND 1, 20 0 0
ISHARES CORE US CR BD CORE US CR BD 464288620 476 4,386 SH   DFND 1, 476 0 0
ISHARES IBOXX HI YD ETF IBOXX HI YD ETF 464288513 55 624 SH   DFND 2, 55 0 0
ISHARES INTERM CR BD ETF INTERM CR BD ETF 464288638 58 531 SH   DFND 1,2, 58 0 0
ISHARES MSCI AUST ETF MSCI AUST ETF 464286103 1 32 SH   DFND 2, 1 0 0
ISHARES MSCI ITALCPD ETF MSCI ITALCPD ETF 464286855 114 7,500 SH   DFND 1, 114 0 0
ISHARES MSCI JAPAN ETF MSCI JAPAN ETF 464286848 190 14,865 SH   DFND 2, 190 0 0
ISHARES MSCI PAC JP ETF MSCI PAC JP ETF 464286665 35 802 SH   DFND 2, 35 0 0
ISHARES MSCI STH KOR ETF MSCI STH KOR ETF 464286772 54,530 989,483 SH   DFND 1,2,3, 54,530 0 0
ISHARES MSCI TAIWAN ETF MSCI TAIWAN ETF 464286731 3,952 250,465 SH   DFND 1,2, 3,952 0 0
ISHARES TR CHINA LG-CAP ETF CHINA LG-CAP ETF 464287184 179,988 3,902,225 SH   DFND 1,2,3, 179,988 0 0
ISHARES TR EUROPE ETF EUROPE ETF 464287861 14,112 320,898 SH   DFND 1,2,3, 14,112 0 0
ISHARES TR MSCI EMG MKT ETF MSCI EMG MKT ETF 464287234 1,378 34,515 SH   DFND 1,2, 1,378 0 0
ISHARES TR MSCI INDIA ETF MSCI INDIA ETF 46429B598 152,972 5,040,041 SH   DFND 1,2,3, 152,972 0 0
ISHARES TR MSCI UTD KNGDM MSCI UTD KNGDM 46434V548 6,335 341,377 SH   DFND 1,2,3, 6,335 0 0
ISHARES TR NA TEC-SFTWR ETF NA TEC-SFTWR ETF 464287515 144,575 1,453,383 SH   DFND 1,2,3, 144,575 0 0
ISHARES TR PHLX SEMICND ETF PHLX SEMICND ETF 464287523 128,041 1,390,055 SH   DFND 1,2,3, 128,041 0 0
ISHARES TR TRANS AVG ETF TRANS AVG ETF 464287192 58,565 403,899 SH   DFND 1,2,3, 58,565 0 0
ISHARES TR U.S. BAS MTL ETF U.S. BAS MTL ETF 464287838 29,478 365,698 SH   DFND 1,2,3, 29,478 0 0
ISHARES TR U.S. CNSM GD ETF U.S. CNSM GD ETF 464287812 4,857 46,305 SH   DFND 2, 4,857 0 0
ISHARES TR U.S. REAL ES ETF U.S. REAL ES ETF 464287739 12,126 170,000 SH   DFND 1,2,3, 12,126 0 0
ISHARES U.S. MED DVC ETF U.S. MED DVC ETF 464288810 144,511 1,206,849 SH   DFND 1,2,3, 144,511 0 0
ISHARES U.S. PFD STK ETF U.S. PFD STK ETF 464288687 5 126 SH   DFND 2, 5 0 0
ISHARES US HLTHCR PR ETF US HLTHCR PR ETF 464288828 45,508 318,336 SH   DFND 1,2,3, 45,508 0 0
ISHARES US HOME CONS ETF US HOME CONS ETF 464288752 97,081 3,536,389 SH   DFND 1,2,3, 97,081 0 0
ISRAEL CHEMICALS LTD SHS SHS M5920A109 4,537 650,000 SH   DFND 1,2,3, 4,537 0 0
JPMORGAN CHASE & CO COM COM 46625H100 34,601 510,643 SH   DFND 1,2,3, 34,601 0 0
LUMENIS LTD SHS CL B SHS CL B M6778Q121 8 582 SH   DFND 2, 8 0 0
MARKET VECTORS ETF TR EM LC CURR DBT EM LC CURR DBT 57060U522 157 8,050 SH   DFND 1,2, 157 0 0
MARKET VECTORS ETF TR OIL SVCS ETF OIL SVCS ETF 57060U191 31,946 915,349 SH   DFND 1,2,3, 31,946 0 0
MARKET VECTORS ETF TR PHARMACEUTICAL PHARMACEUTICAL 57060U217 4,195 59,300 SH   DFND 1, 4,195 0 0
MARKET VECTORS ETF TR SEMICONDUCTOR SEMICONDUCTOR 57060U233 9,488 173,864 SH   DFND 1,2,3, 9,488 0 0
MEDTRONIC PLC SHS COM UNIT LTD G5960L103 24,309 326,788 SH   DFND 1,2,3, 24,309 0 0
MELLANOX TECHNOLOGIES LTD SHS SHS M51363113 26,252 540,266 SH   DFND 1,2,3, 26,252 0 0
METLIFE INC COM COM 59156R108 31,223 557,651 SH   DFND 1,2,3, 31,223 0 0
MICRON TECHNOLOGY INC COM COM 595112103 12,848 681,945 SH   DFND 1,2,3, 12,848 0 0
MOBILEYE N V AMSTELVEEN ORD SHS ORD SHS N51488117 3,725 70,063 SH   DFND 1, 3,725 0 0
NICE SYS LTD SPONSORED ADR SPONSORED ADR 653656108 34,335 539,940 SH   DFND 1,2,3, 34,335 0 0
NOVA MEASURING INSTRUMENTS L COM COM M7516K103 13,207 1,056,524 SH   DFND 1,2,3, 13,207 0 0
NOVARTIS A G SPONSORED ADR SPONSORED ADR 66987V109 24,269 246,782 SH   DFND 1,2,3, 24,269 0 0
OPKO HEALTH INC COM COM 68375N103 18,859 1,172,813 SH   DFND 1,2,3, 18,859 0 0
ORBOTECH LTD ORD ORD M75253100 55,347 2,660,905 SH   DFND 1,2,3, 55,347 0 0
ORMAT TECHNOLOGIES INC COM COM 686688102 96,450 2,559,710 SH   DFND 1,2,3, 96,450 0 0
PERRIGO CO PLC SHS SHS G97822103 124,561 673,923 SH   DFND 1,2,3, 124,561 0 0
PFIZER INC COM COM 717081103 37,367 1,114,440 SH   DFND 1,2,3, 37,367 0 0
PIMCO ETF TR ENHAN SHRT MA AC ENHAN SHRT MAT 72201R833 530 5,236 SH   DFND 1, 530 0 0
POWERSHARES QQQ TRUST UNIT SER 1 UNIT SER 1 73935A104 105,710 985,800 SH   DFND 1,2,3, 105,710 0 0
SELECT SECTOR SPDR TR SBI CONS DISCR SBI CONS DISCR 81369Y407 198,359 2,593,611 SH   DFND 1,2,3, 198,359 0 0
SELECT SECTOR SPDR TR SBI CONS STPLS SBI CONS STPLS 81369Y308 209,414 4,399,454 SH   DFND 1,2,3, 209,414 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE SBI HEALTHCARE 81369Y209 58,422 785,236 SH   DFND 1,2,3, 58,422 0 0
SELECT SECTOR SPDR TR SBI INT-ENERGY SBI INT-ENERGY 81369Y506 48,019 638,896 SH   DFND 1,2,3, 48,019 0 0
SELECT SECTOR SPDR TR SBI INT-FINL SBI INT-FINL 81369Y605 229,600 9,417,563 SH   DFND 1,2,3, 229,600 0 0
SELECT SECTOR SPDR TR SBI INT-INDS SBI INT-INDS 81369Y704 111,277 2,058,398 SH   DFND 1,2,3, 111,277 0 0
SELECT SECTOR SPDR TR TECHNOLOGY TECHNOLOGY 81369Y803 68,593 1,656,809 SH   DFND 1,2,3, 68,593 0 0
SPDR INDEX SHS FDS ASIA PACIF ETF ASIA PACIF ETF 78463X301 5,389 60,869 SH   DFND 1,2, 5,389 0 0
SPDR INDEX SHS FDS EURO STOXX 50 EURO STOXX 50 78463X202 11,379 298,750 SH   DFND 1,2,3, 11,379 0 0
SPDR S&P 500 ETF TR TR UNIT TR UNIT 78462F103 452,929 2,195,874 SH   DFND 1,2,3, 452,929 0 0
SPDR SERIES TRUST BRC HGH YLD BD BRC HGH YLD BD 78464A417 666 17,330 SH   DFND 2, 666 0 0
SPDR SERIES TRUST S&P CAP MKTS S&P CAP MKTS 78464A771 126,579 2,493,670 SH   DFND 1,2,3, 126,579 0 0
SPDR SERIES TRUST S&P INS ETF S&P INS ETF 78464A789 92,623 1,360,505 SH   DFND 1,2,3, 92,623 0 0
SPDR SERIES TRUST S&P REGL BKG S&P REGL BKG 78464A698 545 12,340 SH   DFND 2, 545 0 0
SPDR SERIES TRUST S&P RETAIL ETF S&P RETAIL ETF 78464A714 330 3,340 SH   DFND 1, 330 0 0
STEEL DYNAMICS INC COM COM 858119100 28,242 1,357,113 SH   DFND 1,2,3, 28,242 0 0
TEVA PHARMACEUTICAL INDS LTD ADR ADR 881624209 252,936 4,279,802 SH   DFND 1,2,3, 252,936 0 0
UBS GROUP AG SHS SHS NEW H42097107 29,411 1,387,297 SH   DFND 1,2,3, 29,411 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF FTSE EMR MKT ETF 922042858 929 22,594 SH   DFND 1,2,3, 929 0 0
VANGUARD SCOTTSDALE FDS INT-TERM CORP INT-TERM CORP 92206C870 822 9,640 SH   DFND 1,2, 822 0 0
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD SHRT TRM CORP BD 92206C409 853 10,721 SH   DFND 1, 853 0 0
VANGUARD WORLD FDS CONSUM STP ETF CONSUM STP ETF 92204A207 7,028 56,277 SH   DFND 1,2,3, 7,028 0 0
VANGUARD WORLD FDS FINANCIALS ETF FINANCIALS ETF 92204A405 1,966 39,588 SH   DFND 2, 1,966 0 0
VERINT SYS INC COM COM 92343X100 0 3 SH   DFND 2, 0 0 0
WAL-MART STORES INC COM COM 931142103 17,403 245,350 SH   DFND 1,2,3, 17,403 0 0
WISDOMTREE TR ASIA PAC EXJP FD ASIA PAC EXJP FD 97717W828 32 491 SH   DFND 1, 32 0 0
WISDOMTREE TR EM LCL DEBT FD EM LCL DEBT FD 97717X867 148 3,802 SH   DFND 2, 148 0 0
WISDOMTREE TR JAPN HEDGE EQT JAPN HEDGE EQT 97717W851 195,361 3,415,363 SH   DFND 1,2,3, 195,361 0 0
B COMMUNICATIONS LTD SHS SHS M15629104 6,909 482,828 SH   DFND 1,2, 6,909 0 0
CLAYMORE EXCHANGE TRD FD TR GUGG BULL 2015 GUGG BULL 2015 18383M423 16 600 SH   DFND 2, 16 0 0
EVOGENE LTD SHS SHS M4119S104 5,304 600,000 SH   DFND 1,2,3, 5,304 0 0
FIRST TR EXCH TRD ALPHA FD I STH KOREA ALPH STH KOREA ALPH 33737J166 36 1,400 SH   DFND 1, 36 0 0
FIRST TR EXCH TRD ALPHA FD I TAIWAN ALPHADE TAIWAN ALPHADE 33737J257 48 1,263 SH   DFND 1, 48 0 0
HSBC HLDGS PLC SDCV 5.625%12/2 ADDED ADDED 404280AR0 43,063 42,000,000 SH   DFND 1,2,3, 43,063 0 0
PIMCO ETF TR INV GRD CRP BD INV GRD CRP BD 72201R817 1,729 17,200 SH   DFND 1,2, 1,729 0 0
SAPIENS INTL CORP N V SHS NEW SHS NEW N7716A151 505 48,626 SH   DFND 1,2,3, 505 0 0
SPDR SERIES TRUST BRCLY INTL CRP BRCLY INTL CRP 78464A151 69 2,195 SH   DFND 1, 69 0 0
SPDR SERIES TRUST BRCLYS AGG ETF BRCLYS AGG ETF 78464A649 649 11,308 SH   DFND 1, 649 0 0
SPDR SERIES TRUST INTR TRM CORP BD INTR TRM CORP BD 78464A375 1,129 33,232 SH   DFND 1,2, 1,129 0 0