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
3m Co COM 88579Y101 4,962 35,000 SH   DFND 1 35,000 0 0
Abbott Laboratories COM 002824100 2,212 55,000 SH   DFND 1 55,000 0 0
Abbvie Inc COM 00287Y109 5,441 100,000 SH   DFND 1 100,000 0 0
Aetna Inc COM 00817Y108 2,735 25,000 SH   DFND 1 25,000 0 0
Airgas Inc COM 009363102 1,340 15,000 SH   DFND 1 15,000 0 0
Alibaba Group Holding Ltd ADR 01609W102 1,769 30,000 SH   DFND 1 30,000 0 0
Allergan Plc COM G0083B108 2,718 10,000 SH   DFND 1,2 10,000 0 0
Allstate Corp/the COM 020002101 2,330 40,000 SH   DFND 1 40,000 0 0
Amazon.com Inc COM 023135106 1,536 3,000 SH   DFND 1 3,000 0 0
American Express Co COM 025816109 14,455 195,000 SH   DFND 1,2 195,000 0 0
American Tower Corp REI 03027X100 2,199 25,000 SH   DFND 2 25,000 0 0
Ameriprise Financial Inc COM 03076C106 4,365 40,000 SH   DFND 1,2 40,000 0 0
Amgen Inc COM 031162100 4,163 30,100 SH   DFND 1,2 30,100 0 0
Amphenol Corp COM 032095101 1,529 30,000 SH   DFND 1 30,000 0 0
Anadarko Petroleum Corp COM 032511107 2,718 45,000 SH   DFND 1 45,000 0 0
Apache Corp COM 037411105 1,958 50,000 SH   DFND 1 50,000 0 0
Apple Inc COM 037833100 15,442 140,000 SH   DFND 1,2 140,000 0 0
At&t Inc COM 00206R102 14,987 460,000 SH   DFND 1,2 460,000 0 0
Autodesk Inc COM 052769106 1,324 30,000 SH   DFND 1,2 30,000 0 0
Baidu Inc ADR 056752108 1,649 12,000 SH   DFND 2 12,000 0 0
Bank Of America Corp COM 060505104 4,207 270,000 SH   DFND 1 270,000 0 0
Baxter International Inc COM 071813109 1,314 40,000 SH   DFND 2 40,000 0 0
Becton Dickinson And Co COM 075887109 2,388 18,000 SH   DFND 2 18,000 0 0
Berkshire Hathaway Inc COM 084670702 11,736 90,000 SH   DFND 1,2 90,000 0 0
Biogen Inc COM 09062X103 2,334 8,000 SH   DFND 1,2 8,000 0 0
Blackrock Inc COM 09247X101 4,462 15,000 SH   DFND 1 15,000 0 0
Bp Plc ADR 055622104 4,278 140,000 SH   DFND 1 140,000 0 0
Capital One Financial Corp COM 14040H105 2,538 35,000 SH   DFND 1 35,000 0 0
Cardinal Health Inc COM 14149Y108 922 12,000 SH   DFND 1 12,000 0 0
Cbs Corp COM 124857202 2,793 70,000 SH   DFND 2 70,000 0 0
Celgene Corp COM 151020104 757 7,000 SH   DFND 1 7,000 0 0
Chemours Co/the COM 163851108 26 4,000 SH   DFND 2 4,000 0 0
Chevron Corp COM 166764100 11,832 150,000 SH   DFND 1,2 150,000 0 0
Cisco Systems Inc COM 17275R102 9,319 355,000 SH   DFND 1,2 355,000 0 0
Citigroup Inc COM 172967424 248 5,000 SH   DFND 1 5,000 0 0
Coach Inc COM 189754104 3,472 120,000 SH   DFND 1 120,000 0 0
Coca-cola Co/the COM 191216100 19,859 495,000 SH   DFND 1,2 495,000 0 0
Colgate-palmolive Co COM 194162103 5,077 80,000 SH   DFND 2 80,000 0 0
Comcast Corp COM 20030N101 5,119 90,000 SH   DFND 1,2 90,000 0 0
Conocophillips COM 20825C104 8,873 185,000 SH   DFND 1,2 185,000 0 0
Crown Castle International Corp REI 22822V101 2,366 30,000 SH   DFND 1 30,000 0 0
Csx Corp COM 126408103 1,211 45,000 SH   DFND 2 45,000 0 0
Devon Energy Corp COM 25179M103 1,669 45,000 SH   DFND 1 45,000 0 0
Discover Financial Services COM 254709108 2,600 50,000 SH   DFND 2 50,000 0 0
Discovery Communications Inc COM 25470F104 2,082 80,000 SH   DFND 2 80,000 0 0
Dollar Tree Inc COM 256746108 1,000 15,000 SH   DFND 1 15,000 0 0
Duke Energy Corp COM 26441C204 7,194 100,000 SH   DFND 1,2 100,000 0 0
Ei Du Pont De Nemours & Co COM 263534109 1,205 25,000 SH   DFND 1,2 25,000 0 0
Emc Corp/ma COM 268648102 2,054 85,000 SH   DFND 1 85,000 0 0
Emerson Electric Co COM 291011104 7,730 175,000 SH   DFND 1,2 175,000 0 0
Eog Resources Inc COM 26875P101 3,640 50,000 SH   DFND 1 50,000 0 0
Express Scripts Holding Co COM 30219G108 2,429 30,000 SH   DFND 2 30,000 0 0
Exxon Mobil Corp COM 30231G102 20,818 280,000 SH   DFND 1,2 280,000 0 0
Facebook Inc COM 30303M102 3,146 35,000 SH   DFND 1 35,000 0 0
Fastenal Co COM 311900104 4,393 120,000 SH   DFND 1,2 120,000 0 0
Fedex Corp COM 31428X106 3,599 25,000 SH   DFND 1,2 25,000 0 0
Ford Motor Co COM 345370860 4,275 315,000 SH   DFND 1 315,000 0 0
Franklin Resources Inc COM 354613101 3,726 100,000 SH   DFND 2 100,000 0 0
General Electric Co COM 369604103 7,062 280,000 SH   DFND 1 280,000 0 0
General Motors Co COM 37045V100 9,156 305,000 SH   DFND 1 305,000 0 0
Gilead Sciences Inc COM 375558103 4,909 50,000 SH   DFND 1 50,000 0 0
Goldman Sachs Group Inc/the COM 38141G104 5,213 30,000 SH   DFND 1 30,000 0 0
Google COM 38259P706 3,042 5,000 SH   DFND 1,2 5,000 0 0
Google Inc COM 38259P508 3,192 5,000 SH   DFND 1 5,000 0 0
Halliburton Co COM 406216101 2,828 80,000 SH   DFND 1 80,000 0 0
Hershey Co/the COM 427866108 2,297 25,000 SH   DFND 1,2 25,000 0 0
Humana Inc COM 444859102 2,416 13,500 SH   DFND 1 13,500 0 0
Intel Corp COM 458140100 7,836 260,000 SH   DFND 1,2 260,000 0 0
International Business Machines Corp COM 459200101 6,669 46,000 SH   DFND 2 46,000 0 0
Invesco Ltd COM G491BT108 2,030 65,000 SH   DFND 1,2 65,000 0 0
Ishares Iboxx $ High Yield Corporate Bond Etf ETF 464288513 45,809 550,000 SH   DFND 1 550,000 0 0
Ishares Iboxx $ Investment Grade Corporate Bond Etf ETF 464287242 40,051 345,000 SH   DFND 1 345,000 0 0
Ishares National Amt-free Muni Bond Etf ETF 464288414 98,595 900,000 SH   DFND 1 900,000 0 0
Ishares Tips Bond Etf ETF 464287176 49,257 445,000 SH   DFND 1 445,000 0 0
Ishares Us Real Estate Etf ETF 464287739 4,966 70,000 SH   DFND 1 70,000 0 0
Johnson & Johnson COM 478160104 19,603 210,000 SH   DFND 1,2 210,000 0 0
Jpmorgan Chase & Co COM 46625H100 3,658 60,000 SH   DFND 1 60,000 0 0
KKR & CO LP COM 48248M102 4,195 250,000 SH   DFND 1 250,000 0 0
Las Vegas Sands Corp COM 517834107 1,709 45,000 SH   DFND 1 45,000 0 0
Linear Technology Corp COM 535678106 3,228 80,000 SH   DFND 1 80,000 0 0
Lowe's Cos Inc COM 548661107 3,446 50,000 SH   DFND 1 50,000 0 0
Macy's Inc COM 55616P104 1,283 25,000 SH   DFND 1 25,000 0 0
Marriott International Inc/md COM 571903202 1,023 15,000 SH   DFND 1 15,000 0 0
Mastercard Inc COM 57636Q104 901 10,000 SH   DFND 1 10,000 0 0
Mcdonald's Corp COM 580135101 4,926 50,000 SH   DFND 1 50,000 0 0
Mckesson Corp COM 58155Q103 2,775 15,000 SH   DFND 1 15,000 0 0
Mead Johnson Nutrition Co COM 582839106 1,408 20,000 SH   DFND 1 20,000 0 0
Medtronic Plc COM G5960L103 2,678 40,000 SH   DFND 1,2 40,000 0 0
Merck & Co Inc COM 58933Y105 13,829 280,000 SH   DFND 1,2 280,000 0 0
Metlife Inc COM 59156R108 4,715 100,000 SH   DFND 1 100,000 0 0
Michael Kors Holdings Ltd COM G60754101 2,112 50,000 SH   DFND 1 50,000 0 0
Microsoft Corp COM 594918104 15,491 350,000 SH   DFND 1,2 350,000 0 0
Monsanto Co COM 61166W101 2,987 35,000 SH   DFND 2 35,000 0 0
Morgan Stanley COM 617446448 2,362 75,000 SH   DFND 1 75,000 0 0
Mylan Nv COM 628530107 1,208 30,000 SH   DFND 1 30,000 0 0
National Oilwell Varco Inc COM 637071101 941 25,000 SH   DFND 1 25,000 0 0
Noble Corp COM G65431101 1,909 175,000 SH   DFND 1 175,000 0 0
Occidental Petroleum Corp COM 674599105 4,630 70,000 SH   DFND 1,2 70,000 0 0
Oracle Corp COM 68389X105 9,030 250,000 SH   DFND 2 250,000 0 0
Pepsico Inc COM 713448108 9,901 105,000 SH   DFND 1,2 105,000 0 0
PFIZER INC COM 717081103 7,381 235,000 SH   DFND 1 235,000 0 0
Philip Morris International Inc COM 718172109 18,643 235,000 SH   DFND 1,2 235,000 0 0
Praxair Inc COM 74005P104 2,546 25,000 SH   DFND 1 25,000 0 0
Precision Castparts Corp COM 740189105 5,743 25,000 SH   DFND 2 25,000 0 0
Procter & Gamble Co/the COM 742718109 17,985 250,000 SH   DFND 1,2 250,000 0 0
Prudential Financial Inc COM 744320102 7,621 100,000 SH   DFND 1,2 100,000 0 0
Qualcomm Inc COM 747525103 9,403 175,000 SH   DFND 1,2 175,000 0 0
Ralph Lauren Corp COM 751212101 2,363 20,000 SH   DFND 1 20,000 0 0
Range Resources Corp COM 75281A109 1,606 50,000 SH   DFND 1 50,000 0 0
Sandisk Corp COM 80004C101 1,902 35,000 SH   DFND 1 35,000 0 0
Schlumberger Ltd COM 806857108 4,138 60,000 SH   DFND 1 60,000 0 0
Southern Co/the COM 842587107 2,458 55,000 SH   DFND 1 55,000 0 0
Southwestern Energy Co COM 845467109 1,206 95,000 SH   DFND 1 95,000 0 0
Spdr S&p 500 Etf Trust ETF 78462F103 51,740 270,000 SH   DFND 1 270,000 0 0
T Rowe Price Group Inc COM 74144T108 2,433 35,000 SH   DFND 1 35,000 0 0
Texas Instruments Inc COM 882508104 2,476 50,000 SH   DFND 1,2 50,000 0 0
Thermo Fisher Scientific Inc COM 883556102 5,503 45,000 SH   DFND 2 45,000 0 0
Tiffany & Co COM 886547108 4,826 62,500 SH   DFND 1 62,500 0 0
Time Warner Inc COM 887317303 1,719 25,000 SH   DFND 1 25,000 0 0
Travelers Cos Inc/the COM 89417E109 1,493 15,000 SH   DFND 1 15,000 0 0
Twenty-first Century Fox Inc COM 90130A101 4,182 155,000 SH   DFND 1 155,000 0 0
Union Pacific Corp COM 907818108 5,305 60,000 SH   DFND 1,2 60,000 0 0
United Parcel Service Inc COM 911312106 4,935 50,000 SH   DFND 1 50,000 0 0
United Technologies Corp COM 913017109 11,569 130,000 SH   DFND 1,2 130,000 0 0
Unitedhealth Group Inc COM 91324P102 1,740 15,000 SH   DFND 2 15,000 0 0
Us Bancorp COM 902973304 6,972 170,000 SH   DFND 1,2 170,000 0 0
Utilities Select Sector Spdr Fund ETF 81369Y886 37,446 865,000 SH   DFND 1,2 865,000 0 0
Vanguard Ftse Europe Etf ETF 922042874 23,115 470,000 SH   DFND 1,2 470,000 0 0
Verizon Communications Inc COM 92343V104 11,313 260,000 SH   DFND 1,2 260,000 0 0
Vmware Inc COM 928563402 1,418 18,000 SH   DFND 2 18,000 0 0
Walgreens Boots Alliance Inc COM 931427108 1,247 15,000 SH   DFND 1 15,000 0 0
Wal-mart Stores Inc COM 931142103 13,292 205,000 SH   DFND 1,2 205,000 0 0
Walt Disney Co/the COM 254687106 7,665 75,000 SH   DFND 1 75,000 0 0
Wells Fargo & Co COM 949746101 7,189 140,000 SH   DFND 1 140,000 0 0
Ww Grainger Inc COM 384802104 2,365 11,000 SH   DFND 2 11,000 0 0
Wynn Resorts Ltd COM 983134107 2,922 55,000 SH   DFND 1 55,000 0 0
Xilinx Inc COM 983919101 3,604 85,000 SH   DFND 1 85,000 0 0
Yahoo! Inc COM 984332106 1,735 60,000 SH   DFND 2 60,000 0 0
Zimmer Holdings Inc COM 98956P102 2,348 25,000 SH   DFND 2 25,000 0 0