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
Abbott Laboratories COM 002824100 2,555 65,000 SH   DFND 1 65,000 0 0
Abbvie Inc COM 00287Y109 7,120 115,000 SH   DFND 1 115,000 0 0
Aetna Inc COM 00817Y108 3,053 25,000 SH   DFND 1 25,000 0 0
Alibaba Group Holding Ltd ADR 01609W102 3,181 40,000 SH   DFND 1 40,000 0 0
Allergan Plc COM G0177J108 3,466 15,000 SH   DFND 1,2 15,000 0 0
Alphabet Inc COM 02079K305 14,071 20,000 SH   DFND 1,2 20,000 0 0
American Express Co COM 025816109 13,853 228,000 SH   DFND 1,2 228,000 0 0
American International Group Inc COM 026874784 793 15,000 SH   DFND 1 15,000 0 0
Ameriprise Financial Inc COM 03076C106 3,594 40,000 SH   DFND 1,2 40,000 0 0
Amgen Inc COM 031162100 5,325 35,000 SH   DFND 1,2 35,000 0 0
Amphenol Corp COM 032095101 1,720 30,000 SH   DFND 1 30,000 0 0
Anadarko Petroleum Corp COM 032511107 2,396 45,000 SH   DFND 1 45,000 0 0
Apache Corp COM 037411105 2,783 50,000 SH   DFND 1 50,000 0 0
Apple Inc COM 037833100 18,164 190,000 SH   DFND 1,2 190,000 0 0
Baidu Inc ADR 056752108 1,982 12,000 SH   DFND 2 12,000 0 0
Bank Of America Corp COM 060505104 4,777 360,000 SH   DFND 1,2 360,000 0 0
Bayer Ag ADR 072730302 1,510 15,000 SH   DFND 1 15,000 0 0
Berkshire Hathaway Inc COM 084670702 2,172 15,000 SH   DFND 2 15,000 0 0
Biogen Inc COM 09062X103 3,627 15,000 SH   DFND 1,2 15,000 0 0
Boeing Co/the COM 097023105 3,247 25,000 SH   DFND 1,2 25,000 0 0
Bp Plc ADR 055622104 4,971 140,000 SH   DFND 1 140,000 0 0
Capital One Financial Corp COM 14040H105 2,540 40,000 SH   DFND 1 40,000 0 0
Cardinal Health Inc COM 14149Y108 1,170 15,000 SH   DFND 1 15,000 0 0
Cbs Corp COM 124857202 4,083 75,000 SH   DFND 1,2 75,000 0 0
Celgene Corp COM 151020104 2,466 25,000 SH   DFND 1 25,000 0 0
Chemours Co/the COM 163851108 33 4,000 SH   DFND 2 4,000 0 0
Chevron Corp COM 166764100 15,725 150,000 SH   DFND 1,2 150,000 0 0
Cisco Systems Inc COM 17275R102 9,468 330,000 SH   DFND 1,2 330,000 0 0
Citigroup Inc COM 172967424 4,875 115,000 SH   DFND 1,2 115,000 0 0
Coca-cola Co/the COM 191216100 2,493 55,000 SH   DFND 2 55,000 0 0
Conocophillips COM 20825C104 8,066 185,000 SH   DFND 1,2 185,000 0 0
Costco Wholesale Corp COM 22160K105 4,476 28,500 SH   DFND 1,2 28,500 0 0
Csx Corp COM 126408103 2,347 90,000 SH   DFND 2 90,000 0 0
Cvs Health Corp COM 126650100 3,830 40,000 SH   DFND 1 40,000 0 0
Devon Energy Corp COM 25179M103 1,631 45,000 SH   DFND 1 45,000 0 0
Discover Financial Services COM 254709108 2,947 55,000 SH   DFND 2 55,000 0 0
Discovery Communications Inc COM 25470F104 2,018 80,000 SH   DFND 2 80,000 0 0
Eli Lilly & Co COM 532457108 1,575 20,000 SH   DFND 2 20,000 0 0
Emerson Electric Co COM 291011104 9,128 175,000 SH   DFND 1,2 175,000 0 0
Eog Resources Inc COM 26875P101 4,171 50,000 SH   DFND 1 50,000 0 0
Express Scripts Holding Co COM 30219G108 3,790 50,000 SH   DFND 2 50,000 0 0
Exxon Mobil Corp COM 30231G102 9,374 100,000 SH   DFND 1 100,000 0 0
Facebook Inc COM 30303M102 2,857 25,000 SH   DFND 1,2 25,000 0 0
Fedex Corp COM 31428X106 4,553 30,000 SH   DFND 1,2 30,000 0 0
Ford Motor Co COM 345370860 1,948 155,000 SH   DFND 1 155,000 0 0
Franklin Resources Inc COM 354613101 3,671 110,000 SH   DFND 2 110,000 0 0
Gilead Sciences Inc COM 375558103 5,422 65,000 SH   DFND 1 65,000 0 0
Goldman Sachs Group Inc/the COM 38141G104 7,429 50,000 SH   DFND 1,2 50,000 0 0
Halliburton Co COM 406216101 3,623 80,000 SH   DFND 1 80,000 0 0
Home Depot Inc/the COM 437076102 1,277 10,000 SH   DFND 2 10,000 0 0
Humana Inc COM 444859102 2,428 13,500 SH   DFND 1 13,500 0 0
Intel Corp COM 458140100 3,280 100,000 SH   DFND 1,2 100,000 0 0
International Business Machines Corp COM 459200101 6,982 46,000 SH   DFND 2 46,000 0 0
Invesco Ltd COM G491BT108 1,660 65,000 SH   DFND 1,2 65,000 0 0
Ishares Iboxx $ High Yield Corporate Bond Etf ETF 464288513 53,355 630,000 SH   DFND 1 630,000 0 0
Ishares Nasdaq Biotechnology Etf ETF 464287556 5,147 20,000 SH   DFND 1 20,000 0 0
Jpmorgan Chase & Co COM 46625H100 7,768 125,000 SH   DFND 1,2 125,000 0 0
KKR & CO LP COM 48248M102 4,134 335,000 SH   DFND 1 335,000 0 0
Las Vegas Sands Corp COM 517834107 1,957 45,000 SH   DFND 1 45,000 0 0
Macy's Inc COM 55616P104 1,076 32,000 SH   DFND 1 32,000 0 0
Mastercard Inc COM 57636Q104 2,642 30,000 SH   DFND 1 30,000 0 0
Mckesson Corp COM 58155Q103 3,733 20,000 SH   DFND 1 20,000 0 0
Medtronic Plc COM G5960L103 3,471 40,000 SH   DFND 1,2 40,000 0 0
Merck & Co Inc COM 58933Y105 10,946 190,000 SH   DFND 1,2 190,000 0 0
Metlife Inc COM 59156R108 4,381 110,000 SH   DFND 1 110,000 0 0
Michael Kors Holdings Ltd COM G60754101 2,474 50,000 SH   DFND 1 50,000 0 0
Microsoft Corp COM 594918104 10,234 200,000 SH   DFND 1,2 200,000 0 0
Mondelez International Inc COM 609207105 2,731 60,000 SH   DFND 1,2 60,000 0 0
Monsanto Co COM 61166W101 3,619 35,000 SH   DFND 2 35,000 0 0
Morgan Stanley COM 617446448 5,196 200,000 SH   DFND 1,2 200,000 0 0
Mylan Nv COM N59465109 3,243 75,000 SH   DFND 1 75,000 0 0
National Oilwell Varco Inc COM 637071101 841 25,000 SH   DFND 1 25,000 0 0
Nike Inc COM 654106103 5,520 100,000 SH   DFND 1,2 100,000 0 0
Nordstrom Inc COM 655664100 669 17,575 SH   DFND 1 17,575 0 0
Occidental Petroleum Corp COM 674599105 5,289 70,000 SH   DFND 1,2 70,000 0 0
Oracle Corp COM 68389X105 10,233 250,000 SH   DFND 2 250,000 0 0
Paypal Holdings Inc COM 70450Y103 1,095 30,000 SH   DFND 1 30,000 0 0
Pepsico Inc COM 713448108 1,589 15,000 SH   DFND 2 15,000 0 0
PFIZER INC COM 717081103 11,971 340,000 SH   DFND 1,2 340,000 0 0
Praxair Inc COM 74005P104 2,810 25,000 SH   DFND 1 25,000 0 0
Priceline Group Inc/the COM 741503403 1,685 1,350 SH   DFND 1 1,350 0 0
Procter & Gamble Co/the COM 742718109 15,664 185,000 SH   DFND 2 185,000 0 0
Prudential Financial Inc COM 744320102 7,134 100,000 SH   DFND 1,2 100,000 0 0
Qualcomm Inc COM 747525103 9,375 175,000 SH   DFND 1,2 175,000 0 0
Ralph Lauren Corp COM 751212101 1,792 20,000 SH   DFND 1 20,000 0 0
Range Resources Corp COM 75281A109 2,157 50,000 SH   DFND 1 50,000 0 0
Schlumberger Ltd COM 806857108 4,745 60,000 SH   DFND 1 60,000 0 0
Southwestern Energy Co COM 845467109 1,195 95,000 SH   DFND 1 95,000 0 0
Starbucks Corp COM 855244109 1,999 35,000 SH   DFND 1,2 35,000 0 0
T Rowe Price Group Inc COM 74144T108 2,554 35,000 SH   DFND 1 35,000 0 0
Target Corp COM 87612E106 2,444 35,000 SH   DFND 2 35,000 0 0
Tiffany & Co COM 886547108 3,790 62,500 SH   DFND 1 62,500 0 0
Time Warner Inc COM 887317303 2,574 35,000 SH   DFND 1 35,000 0 0
Twenty-first Century Fox Inc COM 90130A101 5,140 190,000 SH   DFND 1 190,000 0 0
Twitter Inc COM 90184L102 2,537 150,000 SH   DFND 1 150,000 0 0
Under Armour Inc COM 904311107 1,003 25,000 SH   DFND 1 25,000 0 0
Union Pacific Corp COM 907818108 6,544 75,000 SH   DFND 1,2 75,000 0 0
United Technologies Corp COM 913017109 13,332 130,000 SH   DFND 1,2 130,000 0 0
Unitedhealth Group Inc COM 91324P102 2,824 20,000 SH   DFND 1,2 20,000 0 0
Us Bancorp COM 902973304 6,856 170,000 SH   DFND 1,2 170,000 0 0
Vanguard Ftse Europe Etf ETF 922042874 46,193 990,000 SH   DFND 1 990,000 0 0
Visa Inc COM 92826C839 4,450 60,000 SH   DFND 1 60,000 0 0
Vmware Inc COM 928563402 1,144 20,000 SH   DFND 2 20,000 0 0
Walgreens Boots Alliance Inc COM 931427108 3,747 45,000 SH   DFND 1,2 45,000 0 0
Wal-mart Stores Inc COM 931142103 14,239 195,000 SH   DFND 2 195,000 0 0
Walt Disney Co/the COM 254687106 7,337 75,000 SH   DFND 1,2 75,000 0 0
Wells Fargo & Co COM 949746101 9,703 205,000 SH   DFND 1,2 205,000 0 0
Ww Grainger Inc COM 384802104 2,727 12,000 SH   DFND 2 12,000 0 0
Yahoo! Inc COM 984332106 2,254 60,000 SH   DFND 2 60,000 0 0