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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
ABB LTD SPONSORED ADR SPONSORED ADR 000375204 24,941 1,178,132 SH   DFND 1,2,3, 24,941 0 0
ACTAVIS PLC SHS SHS G0083B108 12,344 41,475 SH   DFND 1,2,3, 12,344 0 0
AMDOCS LTD SHS SHS G02602103 20,011 366,952 SH   DFND 1,2,3, 20,011 0 0
AMERICAN AIRLS GROUP INC COM COM 02376R102 39,727 752,692 SH   DFND 1,2,3, 39,727 0 0
AMERICAN INTL GROUP INC COM NEW COM NEW 026874784 35,944 656,023 SH   DFND 1,2,3, 35,944 0 0
BANK AMER CORP COM COM 060505104 28,202 1,832,481 SH   DFND 1,2,3, 28,202 0 0
BLACKSTONE GROUP L P COM UNIT LTD COM UNIT LTD 09253U108 12,158 312,630 SH   DFND 1,2,3, 12,158 0 0
CELLCOM ISRAEL LTD SHS SHS M2196U109 948 197,526 SH   DFND 1,2, 948 0 0
CISCO SYS INC COM COM 17275R102 24,384 881,969 SH   DFND 1,2,3, 24,384 0 0
CITIGROUP INC COM NEW COM NEW 172967424 36,738 713,075 SH   DFND 1,2,3, 36,738 0 0
CNH INDL N V SHS SHS N20944109 846 103,680 SH   DFND 2, 846 0 0
DELPHI AUTOMOTIVE PLC SHS SHS G27823106 11,483 144,000 SH   DFND 1,2,3, 11,483 0 0
ELBIT SYS LTD ORD ORD M3760D101 6,617 91,630 SH   DFND 2, 6,617 0 0
EZCHIP SEMICONDUCTOR LIMITED ORD ORD M4146Y108 5,753 300,884 SH   DFND 1,2, 5,753 0 0
FIRST TR EXCH TRD ALPHA FD I EUROPE ALPHA EUROPE ALPHA 33737J117 47 1,501 SH   DFND 1, 47 0 0
FORD MTR CO DEL COM PAR $0.01 COM PAR $0.01 345370860 22,386 1,386,802 SH   DFND 1,2,3, 22,386 0 0
GAZIT GLOBE LTD SHS SHS M4793C102 5,603 450,000 SH   DFND 1,2, 5,603 0 0
GENERAL ELECTRIC CO COM COM 369604103 31,670 1,267,397 SH   DFND 1,2,3, 31,670 0 0
GILEAD SCIENCES INC COM COM 375558103 10,875 110,820 SH   DFND 1,2,3, 10,875 0 0
GOOGLE INC CL A CL A 38259P508 19,772 35,644 SH   DFND 1,2,3, 19,772 0 0
GOOGLE INC CL C CL C 38259P706 10,878 19,850 SH   DFND 1,2,3, 10,878 0 0
HALLIBURTON CO COM COM 406216101 22,657 516,345 SH   DFND 1,2,3, 22,657 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 497 4,386 SH   DFND 1, 497 0 0
ISHARES IBOXX HI YD ETF IBOXX HI YD ETF 464288513 57 624 SH   DFND 2, 57 0 0
ISHARES INC CORE MSCI EMKT CORE MSCI EMKT 46434G103 158,413 4,952,730 SH   DFND 1,2,3, 158,413 0 0
ISHARES INTERM CR BD ETF INTERM CR BD ETF 464288638 59 531 SH   DFND 1,2, 59 0 0
ISHARES MSCI ACWI ETF MSCI ACWI ETF 464288257 33 543 SH   DFND 2, 33 0 0
ISHARES MSCI AUST ETF MSCI AUST ETF 464286103 1 32 SH   DFND 2, 1 0 0
ISHARES MSCI BRZ CAP ETF MSCI BRZ CAP ETF 464286400 1,628 51,895 SH   DFND 1,2, 1,628 0 0
ISHARES MSCI GERMANY ETF MSCI GERMANY ETF 464286806 402 13,483 SH   DFND 2, 402 0 0
ISHARES MSCI ITALCPD ETF MSCI ITALCPD ETF 464286855 12,117 818,686 SH   DFND 1,2,3, 12,117 0 0
ISHARES MSCI JAPAN ETF MSCI JAPAN ETF 464286848 230 18,345 SH   DFND 1,2, 230 0 0
ISHARES MSCI PAC JP ETF MSCI PAC JP ETF 464286665 36 802 SH   DFND 2, 36 0 0
ISHARES MSCI STH KOR ETF MSCI STH KOR ETF 464286772 59,939 1,047,152 SH   DFND 1,2,3, 59,939 0 0
ISHARES MSCI TAIWAN ETF MSCI TAIWAN ETF 464286731 3,818 242,565 SH   DFND 1,2, 3,818 0 0
ISHARES TR CHINA LG-CAP ETF CHINA LG-CAP ETF 464287184 171,458 3,861,674 SH   DFND 1,2,3, 171,458 0 0
ISHARES TR EUROPE ETF EUROPE ETF 464287861 13,716 309,834 SH   DFND 1,2,3, 13,716 0 0
ISHARES TR MSCI EMG MKT ETF MSCI EMG MKT ETF 464287234 1,385 34,515 SH   DFND 1,2, 1,385 0 0
ISHARES TR MSCI UTD KNGDM MSCI UTD KNGDM 46434V548 5,997 332,996 SH   DFND 1,2,3, 5,997 0 0
ISHARES TR NA TEC-SFTWR ETF NA TEC-SFTWR ETF 464287515 130,064 1,353,383 SH   DFND 1,2,3, 130,064 0 0
ISHARES TR PHLX SEMICND ETF PHLX SEMICND ETF 464287523 143,643 1,527,422 SH   DFND 1,2,3, 143,643 0 0
ISHARES TR TRANS AVG ETF TRANS AVG ETF 464287192 73,651 470,169 SH   DFND 1,2,3, 73,651 0 0
ISHARES TR U.S. BAS MTL ETF U.S. BAS MTL ETF 464287838 20,308 247,860 SH   DFND 1,2,3, 20,308 0 0
ISHARES TR U.S. CNSM GD ETF U.S. CNSM GD ETF 464287812 4,887 46,305 SH   DFND 2, 4,887 0 0
ISHARES TR U.S. REAL ES ETF U.S. REAL ES ETF 464287739 44,044 555,080 SH   DFND 1,2,3, 44,044 0 0
ISHARES U.S. MED DVC ETF U.S. MED DVC ETF 464288810 152,224 1,265,409 SH   DFND 1,2,3, 152,224 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 42,879 322,240 SH   DFND 1,2,3, 42,879 0 0
ISHARES US HOME CONS ETF US HOME CONS ETF 464288752 99,839 3,536,389 SH   DFND 1,2,3, 99,839 0 0
ISRAEL CHEMICALS LTD SHS SHS M5920A109 4,609 650,000 SH   DFND 1,2,3, 4,609 0 0
JPMORGAN CHASE & CO COM COM 46625H100 20,681 341,391 SH   DFND 1,2,3, 20,681 0 0
LUMENIS LTD SHS CL B SHS CL B M6778Q121 7 582 SH   DFND 2, 7 0 0
MARKET VECTORS ETF TR EM LC CURR DBT EM LC CURR DBT 57060U522 162 8,050 SH   DFND 1,2, 162 0 0
MARKET VECTORS ETF TR OIL SVCS ETF OIL SVCS ETF 57060U191 31,463 933,334 SH   DFND 1,2,3, 31,463 0 0
MARKET VECTORS ETF TR SEMICONDUCTOR SEMICONDUCTOR 57060U233 9,615 173,864 SH   DFND 1,2,3, 9,615 0 0
MEDTRONIC PLC SHS ADDED COM UNIT LTD G5960L103 1,527 19,500 SH   DFND 1, 1,527 0 0
MELLANOX TECHNOLOGIES LTD SHS SHS M51363113 35,831 790,266 SH   DFND 1,2,3, 35,831 0 0
METLIFE INC COM COM 59156R108 28,189 557,651 SH   DFND 1,2,3, 28,189 0 0
MICRON TECHNOLOGY INC COM COM 595112103 14,584 537,545 SH   DFND 1,2,3, 14,584 0 0
MOBILEYE N V AMSTELVEEN ORD SHS ORD SHS N51488117 5,396 128,375 SH   DFND 1, 5,396 0 0
NICE SYS LTD SPONSORED ADR SPONSORED ADR 653656108 30,007 492,483 SH   DFND 1,2,3, 30,007 0 0
NOVA MEASURING INSTRUMENTS L COM COM M7516K103 15,440 1,340,237 SH   DFND 1,2,3, 15,440 0 0
NOVARTIS A G SPONSORED ADR SPONSORED ADR 66987V109 24,731 246,782 SH   DFND 1,2,3, 24,731 0 0
NUCOR CORP COM COM 670346105 800 16,700 SH   DFND 1, 800 0 0
OPKO HEALTH INC COM COM 68375N103 16,619 1,172,813 SH   DFND 1,2,3, 16,619 0 0
ORBOTECH LTD ORD ORD M75253100 41,960 2,617,618 SH   DFND 1,2,3, 41,960 0 0
ORMAT TECHNOLOGIES INC COM COM 686688102 122,873 3,231,812 SH   DFND 1,2,3, 122,873 0 0
PARTNER COMMUNICATIONS CO LT ADR ADR 70211M109 711 261,500 SH   DFND 2, 711 0 0
PERRIGO CO PLC SHS SHS G97822103 112,661 680,523 SH   DFND 1,2,3, 112,661 0 0
PFIZER INC COM COM 717081103 38,771 1,114,440 SH   DFND 1,2,3, 38,771 0 0
PIMCO ETF TR ENHAN SHRT MA AC ENHAN SHRT MAT 72201R833 530 5,236 SH   DFND 1, 530 0 0
POWERSHARES ETF TRUST DYN MEDIA PORT DYN MEDIA PORT 73935X823 16,421 612,914 SH   DFND 1,2, 16,421 0 0
POWERSHARES QQQ TRUST UNIT SER 1 UNIT SER 1 73935A104 99,023 936,462 SH   DFND 1,2,3, 99,023 0 0
RYDEX ETF TRUST GUG S&P500 EQ WT GUG S&P500 EQ WT 78355W106 40 493 SH   DFND 1, 40 0 0
SELECT SECTOR SPDR TR SBI CONS DISCR SBI CONS DISCR 81369Y407 183,922 2,440,908 SH   DFND 1,2,3, 183,922 0 0
SELECT SECTOR SPDR TR SBI CONS STPLS SBI CONS STPLS 81369Y308 245,282 5,032,452 SH   DFND 1,2,3, 245,282 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE SBI HEALTHCARE 81369Y209 43,697 602,614 SH   DFND 1,2,3, 43,697 0 0
SELECT SECTOR SPDR TR SBI INT-ENERGY SBI INT-ENERGY 81369Y506 49,149 633,498 SH   DFND 1,2,3, 49,149 0 0
SELECT SECTOR SPDR TR SBI INT-FINL SBI INT-FINL 81369Y605 188,333 7,811,384 SH   DFND 1,2,3, 188,333 0 0
SELECT SECTOR SPDR TR SBI INT-INDS SBI INT-INDS 81369Y704 86,878 1,557,781 SH   DFND 1,2,3, 86,878 0 0
SELECT SECTOR SPDR TR TECHNOLOGY TECHNOLOGY 81369Y803 68,647 1,656,519 SH   DFND 1,2,3, 68,647 0 0
SPDR INDEX SHS FDS ASIA PACIF ETF ASIA PACIF ETF 78463X301 8,388 95,300 SH   DFND 1,2, 8,388 0 0
SPDR INDEX SHS FDS EURO STOXX 50 EURO STOXX 50 78463X202 11,633 299,368 SH   DFND 1,2,3, 11,633 0 0
SPDR S&P 500 ETF TR TR UNIT TR UNIT 78462F103 435,773 2,107,589 SH   DFND 1,2,3, 435,773 0 0
SPDR SERIES TRUST BRC HGH YLD BD BRC HGH YLD BD 78464A417 680 17,330 SH   DFND 2, 680 0 0
SPDR SERIES TRUST S&P CAP MKTS S&P CAP MKTS 78464A771 124,642 2,477,470 SH   DFND 1,2,3, 124,642 0 0
SPDR SERIES TRUST S&P INS ETF S&P INS ETF 78464A789 73,445 1,094,720 SH   DFND 1,2,3, 73,445 0 0
SPDR SERIES TRUST S&P METALS MNG S&P METALS MNG 78464A755 10,520 386,909 SH   DFND 1,2,3, 10,520 0 0
SPDR SERIES TRUST S&P REGL BKG S&P REGL BKG 78464A698 504 12,340 SH   DFND 2, 504 0 0
SPDR SERIES TRUST S&P RETAIL ETF S&P RETAIL ETF 78464A714 337 3,340 SH   DFND 1, 337 0 0
STEEL DYNAMICS INC COM COM 858119100 26,670 1,320,713 SH   DFND 1,2,3, 26,670 0 0
TESORO CORP COM COM 881609101 103 1,125 SH   DFND 2, 103 0 0
TEVA PHARMACEUTICAL INDS LTD ADR ADR 881624209 254,653 4,087,530 SH   DFND 1,2,3, 254,653 0 0
UBS AG SHS NEW DELETED SHS NEW H89231338 23,941 1,275,469 SH   DFND 1,2, 23,941 0 0
UBS GROUP AG SHS SHS H42097107 2,099 111,828 SH   DFND 2,3, 2,099 0 0
VANGUARD INDEX FDS S&P 500 ETF SHS S&P 500 ETF SHS 922908363 34 178 SH   DFND 1, 34 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF FTSE EMR MKT ETF 922042858 924 22,594 SH   DFND 1,2,3, 924 0 0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF FTSE EUROPE ETF 922042874 64 1,173 SH   DFND 1, 64 0 0
VANGUARD SCOTTSDALE FDS INT-TERM CORP INT-TERM CORP 92206C870 845 9,640 SH   DFND 1,2, 845 0 0
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD SHRT TRM CORP BD 92206C409 860 10,721 SH   DFND 1, 860 0 0
VANGUARD WORLD FDS CONSUM STP ETF CONSUM STP ETF 92204A207 7,147 56,277 SH   DFND 1,2,3, 7,147 0 0
VANGUARD WORLD FDS FINANCIALS ETF FINANCIALS ETF 92204A405 1,951 39,588 SH   DFND 2, 1,951 0 0
VERINT SYS INC COM COM 92343X100 0 3 SH   DFND 2, 0 0 0
WISDOMTREE TR ASIA PAC EXJP FD ASIA PAC EXJP FD 97717W828 33 491 SH   DFND 1, 33 0 0
WISDOMTREE TR EM LCL DEBT FD EM LCL DEBT FD 97717X867 151 3,802 SH   DFND 2, 151 0 0
WISDOMTREE TR JAPN HEDGE EQT JAPN HEDGE EQT 97717W851 259,293 4,704,127 SH   DFND 1,2,3, 259,293 0 0
B COMMUNICATIONS LTD SHS SHS M15629104 8,126 482,828 SH   DFND 1,2, 8,126 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 5,292 600,000 SH   DFND 1,2,3, 5,292 0 0
FIRST TR EXCH TRD ALPHA FD I JAPAN ALPHADEX JAPAN ALPHADEX 33737J158 43 869 SH   DFND 1, 43 0 0
FIRST TR EXCH TRD ALPHA FD I STH KOREA ALPH STH KOREA ALPH 33737J166 35 1,400 SH   DFND 1, 35 0 0
FIRST TR EXCH TRD ALPHA FD I TAIWAN ALPHADE TAIWAN ALPHADE 33737J257 49 1,263 SH   DFND 1, 49 0 0
FIRST TR EXCH TRD ALPHA FD I UNIT KING ALPH UNIT KING ALPH 33737J224 52 1,294 SH   DFND 1, 52 0 0
ISHARES U.S. INSRNCE ETF U.S. INSRNCE ETF 464288786 12,078 243,957 SH   DFND 1,2,3, 12,078 0 0
PIMCO ETF TR INV GRD CRP BD INV GRD CRP BD 72201R817 1,458 14,000 SH   DFND 1,2, 1,458 0 0
SPDR SERIES TRUST BRCLY INTL CRP BRCLY INTL CRP 78464A151 68 2,195 SH   DFND 1, 68 0 0
SPDR SERIES TRUST BRCLYS AGG ETF BRCLYS AGG ETF 78464A649 667 11,308 SH   DFND 1, 667 0 0
SPDR SERIES TRUST INTR TRM CORP BD INTR TRM CORP BD 78464A375 1,148 33,232 SH   DFND 1,2, 1,148 0 0
CHECK POINT SOFTWARE TECH LT ORD ORD M22465104 1,205 14,700 SH   DFND 1, 1,205 0 0