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 2,719 65,000 SH   DFND 1 65,000 0 0
Abbvie Inc COM 00287Y109 6,569 115,000 SH   DFND 1 115,000 0 0
Adobe Systems Inc COM 00724F101 1,876 20,000 SH   DFND 1 20,000 0 0
Aetna Inc COM 00817Y108 2,809 25,000 SH   DFND 1 25,000 0 0
Alibaba Group Holding Ltd ADR 01609W102 3,161 40,000 SH   DFND 1 40,000 0 0
Allergan Plc COM G0083B108 4,020 15,000 SH   DFND 1,2 15,000 0 0
Alphabet Inc COM 02079K305 10,681 14,000 SH   DFND 1,2 14,000 0 0
Amazon.com Inc COM 23135106 8,905 15,000 SH   DFND 1 15,000 0 0
American Express Co COM 25816109 13,999 228,000 SH   DFND 1,2 228,000 0 0
American International Group Inc COM 26874784 811 15,000 SH   DFND 1 15,000 0 0
Ameriprise Financial Inc COM 03076C106 3,760 40,000 SH   DFND 1,2 40,000 0 0
Amgen Inc COM 31162100 5,248 35,000 SH   DFND 1,2 35,000 0 0
Amphenol Corp COM 32095101 1,735 30,000 SH   DFND 1 30,000 0 0
Anadarko Petroleum Corp COM 32511107 2,096 45,000 SH   DFND 1 45,000 0 0
Apache Corp COM 37411105 2,440 50,000 SH   DFND 1 50,000 0 0
Apple Inc COM 37833100 19,618 180,000 SH   DFND 1,2 180,000 0 0
Baidu Inc ADR 56752108 2,291 12,000 SH   DFND 2 12,000 0 0
Bank Of America Corp COM 60505104 4,867 360,000 SH   DFND 1,2 360,000 0 0
Baxter International Inc COM 71813109 1,643 40,000 SH   DFND 2 40,000 0 0
Becton Dickinson And Co COM 75887109 2,733 18,000 SH   DFND 2 18,000 0 0
Berkshire Hathaway Inc COM 84670702 12,769 90,000 SH   DFND 1,2 90,000 0 0
Biogen Inc COM 09062X103 3,905 15,000 SH   DFND 1,2 15,000 0 0
Blackrock Inc COM 09247X101 5,109 15,000 SH   DFND 1 15,000 0 0
Boeing Co/the COM 97023105 3,173 25,000 SH   DFND 1,2 25,000 0 0
Bp Plc ADR 55622104 4,225 140,000 SH   DFND 1 140,000 0 0
Capital One Financial Corp COM 14040H105 2,772 40,000 SH   DFND 1 40,000 0 0
Cardinal Health Inc COM 14149Y108 1,229 15,000 SH   DFND 1 15,000 0 0
Cbs Corp COM 124857202 4,132 75,000 SH   DFND 1,2 75,000 0 0
Celgene Corp COM 151020104 2,502 25,000 SH   DFND 1 25,000 0 0
Chemours Co/the COM 163851108 28 4,000 SH   DFND 2 4,000 0 0
Chevron Corp COM 166764100 14,310 150,000 SH   DFND 1,2 150,000 0 0
Cisco Systems Inc COM 17275R102 9,395 330,000 SH   DFND 1,2 330,000 0 0
Citigroup Inc COM 172967424 4,801 115,000 SH   DFND 1,2 115,000 0 0
Comcast Corp COM 20030N101 3,970 65,000 SH   DFND 1,2 65,000 0 0
Conocophillips COM 20825C104 7,450 185,000 SH   DFND 1,2 185,000 0 0
Costco Wholesale Corp COM 22160K105 2,364 15,000 SH   DFND 1 15,000 0 0
Csx Corp COM 126408103 1,159 45,000 SH   DFND 2 45,000 0 0
Cvs Health Corp COM 126650100 4,149 40,000 SH   DFND 1 40,000 0 0
Danaher Corp COM 235851102 2,846 30,000 SH   DFND 1 30,000 0 0
Devon Energy Corp COM 25179M103 1,235 45,000 SH   DFND 1 45,000 0 0
Dick's Sporting Goods Inc COM 253393102 1,636 35,000 SH   DFND 1 35,000 0 0
Discover Financial Services COM 254709108 2,801 55,000 SH   DFND 2 55,000 0 0
Discovery Communications Inc COM 25470F104 2,290 80,000 SH   DFND 2 80,000 0 0
Ecolab Inc COM 278865100 650 5,829 SH   DFND 1 5,829 0 0
Eli Lilly & Co COM 532457108 1,440 20,000 SH   DFND 2 20,000 0 0
Emc Corp/ma COM 268648102 2,265 85,000 SH   DFND 1 85,000 0 0
Emerson Electric Co COM 291011104 9,517 175,000 SH   DFND 1,2 175,000 0 0
Eog Resources Inc COM 26875P101 3,629 50,000 SH   DFND 1 50,000 0 0
Express Scripts Holding Co COM 30219G108 3,434 50,000 SH   DFND 2 50,000 0 0
Exxon Mobil Corp COM 30231G102 18,390 220,000 SH   DFND 1,2 220,000 0 0
Facebook Inc COM 30303M102 5,705 50,000 SH   DFND 2 50,000 0 0
Fedex Corp COM 31428X106 4,882 30,000 SH   DFND 1,2 30,000 0 0
Ford Motor Co COM 345370860 2,092 155,000 SH   DFND 1 155,000 0 0
Franklin Resources Inc COM 354613101 4,296 110,000 SH   DFND 2 110,000 0 0
General Electric Co COM 369604103 4,610 145,000 SH   DFND 1,2 145,000 0 0
Gilead Sciences Inc COM 375558103 5,512 60,000 SH   DFND 1 60,000 0 0
Goldman Sachs Group Inc/the COM 38141G104 5,494 35,000 SH   DFND 1 35,000 0 0
Halliburton Co COM 406216101 2,858 80,000 SH   DFND 1 80,000 0 0
Hca Holdings Inc COM 40412C101 2,732 35,000 SH   DFND 1,2 35,000 0 0
Health Care Select Sector Spdr Fund ETF 81369Y209 5,083 75,000 SH   DFND 2 75,000 0 0
Home Depot Inc/the COM 437076102 2,935 22,000 SH   DFND 1,2 22,000 0 0
Humana Inc COM 444859102 2,470 13,500 SH   DFND 1 13,500 0 0
Intel Corp COM 458140100 1,617 50,000 SH   DFND 1 50,000 0 0
International Business Machines Corp COM 459200101 6,967 46,000 SH   DFND 2 46,000 0 0
Invesco Ltd COM G491BT108 2,000 65,000 SH   DFND 1,2 65,000 0 0
Ishares Iboxx $ High Yield Corporate Bond Etf ETF 464288513 51,465 630,000 SH   DFND 1 630,000 0 0
Ishares Iboxx $ Investment Grade Corporate Bond Etf ETF 464287242 47,528 400,000 SH   DFND 1 400,000 0 0
Ishares Nasdaq Biotechnology Etf ETF 464287556 3,912 15,000 SH   DFND 1 15,000 0 0
Ishares Russell 2000 Etf ETF 464287655 15,487 140,000 SH   DFND 1 140,000 0 0
Johnson & Johnson COM 478160104 9,197 85,000 SH   DFND 1 85,000 0 0
Jpmorgan Chase & Co COM 46625H100 5,034 85,000 SH   DFND 1 85,000 0 0
KKR & CO LP COM 48248M102 3,672 250,000 SH   DFND 1 250,000 0 0
Las Vegas Sands Corp COM 517834107 2,326 45,000 SH   DFND 1 45,000 0 0
Lowe's Cos Inc COM 548661107 3,787 50,000 SH   DFND 1 50,000 0 0
Macy's Inc COM 55616P104 1,411 32,000 SH   DFND 1 32,000 0 0
Mastercard Inc COM 57636Q104 2,835 30,000 SH   DFND 1 30,000 0 0
Mckesson Corp COM 58155Q103 3,145 20,000 SH   DFND 1 20,000 0 0
Mead Johnson Nutrition Co COM 582839106 1,699 20,000 SH   DFND 1 20,000 0 0
Medtronic Plc COM G5960L103 3,000 40,000 SH   DFND 1,2 40,000 0 0
Merck & Co Inc COM 58933Y105 14,815 280,000 SH   DFND 1,2 280,000 0 0
Metlife Inc COM 59156R108 4,833 110,000 SH   DFND 1 110,000 0 0
Michael Kors Holdings Ltd COM G60754101 2,848 50,000 SH   DFND 1 50,000 0 0
Microsoft Corp COM 594918104 8,284 150,000 SH   DFND 1,2 150,000 0 0
Mondelez International Inc COM 609207105 1,605 40,000 SH   DFND 1 40,000 0 0
Monsanto Co COM 61166W101 3,071 35,000 SH   DFND 2 35,000 0 0
Morgan Stanley COM 617446448 5,002 200,000 SH   DFND 1,2 200,000 0 0
Mylan Nv COM 001103120 3,476 75,000 SH   DFND 1 75,000 0 0
National Oilwell Varco Inc COM 637071101 777 25,000 SH   DFND 1 25,000 0 0
Nike Inc COM 654106103 3,074 50,000 SH   DFND 1 50,000 0 0
Nordstrom Inc COM 655664100 1,005 17,575 SH   DFND 1 17,575 0 0
Occidental Petroleum Corp COM 674599105 4,790 70,000 SH   DFND 1,2 70,000 0 0
Oracle Corp COM 68389X105 10,228 250,000 SH   DFND 2 250,000 0 0
Paychex Inc COM 704326107 1,080 20,000 SH   DFND 2 20,000 0 0
Pepsico Inc COM 713448108 4,099 40,000 SH   DFND 1,2 40,000 0 0
PFIZER INC COM 717081103 7,855 265,000 SH   DFND 1 265,000 0 0
Praxair Inc COM 74005P104 2,861 25,000 SH   DFND 1 25,000 0 0
Priceline Group Inc/the COM 741503403 1,740 1,350 SH   DFND 1 1,350 0 0
Procter & Gamble Co/the COM 742718109 15,227 185,000 SH   DFND 2 185,000 0 0
Prudential Financial Inc COM 744320102 7,222 100,000 SH   DFND 1,2 100,000 0 0
Qualcomm Inc COM 747525103 8,950 175,000 SH   DFND 1,2 175,000 0 0
Ralph Lauren Corp COM 751212101 1,925 20,000 SH   DFND 1 20,000 0 0
Range Resources Corp COM 75281A109 1,619 50,000 SH   DFND 1 50,000 0 0
Salesforce.com Inc COM 79466L302 1,477 20,000 SH   DFND 1 20,000 0 0
Sandisk Corp COM 80004C101 2,663 35,000 SH   DFND 1 35,000 0 0
Schlumberger Ltd COM 806857108 4,425 60,000 SH   DFND 1 60,000 0 0
Southwestern Energy Co COM 845467109 767 95,000 SH   DFND 1 95,000 0 0
St Jude Medical Inc COM 790849103 1,375 25,000 SH   DFND 2 25,000 0 0
Starbucks Corp COM 855244109 1,194 20,000 SH   DFND 1 20,000 0 0
T Rowe Price Group Inc COM 74144T108 2,571 35,000 SH   DFND 1 35,000 0 0
Thermo Fisher Scientific Inc COM 883556102 2,124 15,000 SH   DFND 1,2 15,000 0 0
Tiffany & Co COM 886547108 4,586 62,500 SH   DFND 1 62,500 0 0
Time Warner Inc COM 887317303 2,539 35,000 SH   DFND 1 35,000 0 0
Twenty-first Century Fox Inc COM 90130A101 4,321 155,000 SH   DFND 1 155,000 0 0
Union Pacific Corp COM 907818108 4,773 60,000 SH   DFND 1,2 60,000 0 0
United Technologies Corp COM 913017109 13,013 130,000 SH   DFND 1,2 130,000 0 0
Unitedhealth Group Inc COM 91324P102 2,578 20,000 SH   DFND 1,2 20,000 0 0
Us Bancorp COM 902973304 6,900 170,000 SH   DFND 1,2 170,000 0 0
Vanguard Ftse Europe Etf ETF 922042874 40,046 825,000 SH   DFND 1,2 825,000 0 0
Visa Inc COM 92826C839 4,589 60,000 SH   DFND 1 60,000 0 0
Vmware Inc COM 928563402 1,046 20,000 SH   DFND 2 20,000 0 0
Walgreens Boots Alliance Inc COM 931427108 2,527 30,000 SH   DFND 1 30,000 0 0
Wal-mart Stores Inc COM 931142103 17,807 260,000 SH   DFND 1,2 260,000 0 0
Walt Disney Co/the COM 254687106 5,959 60,000 SH   DFND 1,2 60,000 0 0
Wells Fargo & Co COM 949746101 9,914 205,000 SH   DFND 1,2 205,000 0 0
Ww Grainger Inc COM 384802104 2,801 12,000 SH   DFND 2 12,000 0 0
Yahoo! Inc COM 984332106 2,209 60,000 SH   DFND 2 60,000 0 0
Yum! Brands Inc COM 988498101 1,637 20,000 SH   DFND 1 20,000 0 0
Zimmer Holdings Inc COM 98956P102 2,666 25,000 SH   DFND 2 25,000 0 0