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 2,749 65,000 SH   DFND 1 65,000 0 0
Abbvie Inc COM 00287Y109 4,099 65,000 SH   DFND 1 65,000 0 0
Aetna Inc COM 00817Y108 2,886 25,000 SH   DFND 1 25,000 0 0
Allergan Plc COM G0177J108 3,455 15,000 SH   DFND 1,2 15,000 0 0
American Express Co COM 025816109 14,601 228,000 SH   DFND 1,2 228,000 0 0
American International Group Inc COM 026874784 890 15,000 SH   DFND 1 15,000 0 0
Ameriprise Financial Inc COM 03076C106 3,991 40,000 SH   DFND 1,2 40,000 0 0
Anadarko Petroleum Corp COM 032511107 2,851 45,000 SH   DFND 1 45,000 0 0
Apache Corp COM 037411105 3,194 50,000 SH   DFND 1 50,000 0 0
Apple Inc COM 037833100 21,480 190,000 SH   DFND 1,2 190,000 0 0
Autozone Inc COM 053332102 1,537 2,000 SH   DFND 2 2,000 0 0
Baidu Inc ADR 056752108 2,185 12,000 SH   DFND 2 12,000 0 0
Bayer Ag ADR 072730302 1,508 15,000 SH   DFND 1 15,000 0 0
Biogen Inc COM 09062X103 4,694 15,000 SH   DFND 1,2 15,000 0 0
Boeing Co/the COM 097023105 3,294 25,000 SH   DFND 1,2 25,000 0 0
Bp Plc ADR 055622104 4,922 140,000 SH   DFND 1 140,000 0 0
Bristol-myers Squibb Co COM 110122108 1,618 30,000 SH   DFND 1 30,000 0 0
Capital One Financial Corp COM 14040H105 2,873 40,000 SH   DFND 1 40,000 0 0
Cardinal Health Inc COM 14149Y108 1,166 15,000 SH   DFND 1 15,000 0 0
Cbs Corp COM 124857202 4,106 75,000 SH   DFND 1,2 75,000 0 0
Celgene Corp COM 151020104 2,613 25,000 SH   DFND 1 25,000 0 0
Chemours Co/the COM 163851108 64 4,000 SH   DFND 2 4,000 0 0
Chevron Corp COM 166764100 15,438 150,000 SH   DFND 1,2 150,000 0 0
Citigroup Inc COM 172967424 3,306 70,000 SH   DFND 1 70,000 0 0
Coca-cola Co/the COM 191216100 5,078 120,000 SH   DFND 2 120,000 0 0
Conocophillips COM 20825C104 8,042 185,000 SH   DFND 1,2 185,000 0 0
Costco Wholesale Corp COM 22160K105 1,525 10,000 SH   DFND 1 10,000 0 0
Csx Corp COM 126408103 2,745 90,000 SH   DFND 2 90,000 0 0
Cvs Health Corp COM 126650100 4,893 55,000 SH   DFND 1 55,000 0 0
Devon Energy Corp COM 25179M103 1,985 45,000 SH   DFND 1 45,000 0 0
Discovery Communications Inc COM 25470F104 2,154 80,000 SH   DFND 2 80,000 0 0
Dollar General Corp COM 256677105 1,750 25,000 SH   DFND 2 25,000 0 0
Eli Lilly & Co COM 532457108 1,605 20,000 SH   DFND 2 20,000 0 0
Emerson Electric Co COM 291011104 9,539 175,000 SH   DFND 1,2 175,000 0 0
Eog Resources Inc COM 26875P101 4,836 50,000 SH   DFND 1 50,000 0 0
Express Scripts Holding Co COM 30219G108 3,527 50,000 SH   DFND 2 50,000 0 0
Exxon Mobil Corp COM 30231G102 8,728 100,000 SH   DFND 1 100,000 0 0
Ford Motor Co COM 345370860 1,871 155,000 SH   DFND 1 155,000 0 0
Franklin Resources Inc COM 354613101 3,913 110,000 SH   DFND 2 110,000 0 0
General Electric Co COM 369604103 2,518 85,000 SH   DFND 2 85,000 0 0
Gilead Sciences Inc COM 375558103 5,143 65,000 SH   DFND 1 65,000 0 0
Goldman Sachs Group Inc/the COM 38141G104 5,643 35,000 SH   DFND 1 35,000 0 0
Halliburton Co COM 406216101 3,590 80,000 SH   DFND 1 80,000 0 0
Home Depot Inc/the COM 437076102 1,287 10,000 SH   DFND 2 10,000 0 0
Honeywell International Inc COM 438516106 1,166 10,000 SH   DFND 1 10,000 0 0
Humana Inc COM 444859102 2,830 16,000 SH   DFND 1 16,000 0 0
International Business Machines Corp COM 459200101 7,307 46,000 SH   DFND 2 46,000 0 0
Invesco Ltd COM G491BT108 2,033 65,000 SH   DFND 1,2 65,000 0 0
Ishares Iboxx $ High Yield Corporate Bond Etf ETF 464288513 54,973 630,000 SH   DFND 1 630,000 0 0
Ishares Nasdaq Biotechnology Etf ETF 464287556 2,895 10,000 SH   DFND 1 10,000 0 0
Johnson & Johnson COM 478160104 1,772 15,000 SH   DFND 2 15,000 0 0
KKR & CO LP COM 48248M102 4,777 335,000 SH   DFND 1 335,000 0 0
Las Vegas Sands Corp COM 517834107 2,589 45,000 SH   DFND 1 45,000 0 0
Lowe's Cos Inc COM 548661107 2,166 30,000 SH   DFND 1 30,000 0 0
Macy's Inc COM 55616P104 1,186 32,000 SH   DFND 1 32,000 0 0
Mcdonald's Corp COM 580135101 1,730 15,000 SH   DFND 1 15,000 0 0
Mckesson Corp COM 58155Q103 3,335 20,000 SH   DFND 1 20,000 0 0
Metlife Inc COM 59156R108 4,887 110,000 SH   DFND 1 110,000 0 0
Michael Kors Holdings Ltd COM G60754101 2,340 50,000 SH   DFND 1 50,000 0 0
Microsoft Corp COM 594918104 2,592 45,000 SH   DFND 2 45,000 0 0
Mondelez International Inc COM 609207105 2,634 60,000 SH   DFND 1,2 60,000 0 0
Monsanto Co COM 61166W101 4,088 40,000 SH   DFND 2 40,000 0 0
Morgan Stanley COM 617446448 4,809 150,000 SH   DFND 1 150,000 0 0
Mylan Nv COM N59465109 3,240 85,000 SH   DFND 1 85,000 0 0
National Oilwell Varco Inc COM 637071101 919 25,000 SH   DFND 1 25,000 0 0
Nike Inc COM 654106103 5,265 100,000 SH   DFND 1,2 100,000 0 0
Nordstrom Inc COM 655664100 912 17,575 SH   DFND 1 17,575 0 0
Occidental Petroleum Corp COM 674599105 5,104 70,000 SH   DFND 1,2 70,000 0 0
Oracle Corp COM 68389X105 9,820 250,000 SH   DFND 2 250,000 0 0
Paypal Holdings Inc COM 70450Y103 1,229 30,000 SH   DFND 1 30,000 0 0
Pepsico Inc COM 713448108 1,632 15,000 SH   DFND 2 15,000 0 0
PFIZER INC COM 717081103 9,653 285,000 SH   DFND 1,2 285,000 0 0
Praxair Inc COM 74005P104 3,021 25,000 SH   DFND 1 25,000 0 0
Prudential Financial Inc COM 744320102 8,165 100,000 SH   DFND 1,2 100,000 0 0
Qualcomm Inc COM 747525103 11,988 175,000 SH   DFND 1,2 175,000 0 0
Ralph Lauren Corp COM 751212101 2,023 20,000 SH   DFND 1 20,000 0 0
Range Resources Corp COM 75281A109 1,938 50,000 SH   DFND 1 50,000 0 0
Salesforce.com Inc COM 79466L302 856 12,000 SH   DFND 1 12,000 0 0
Schlumberger Ltd COM 806857108 4,718 60,000 SH   DFND 1 60,000 0 0
Southwestern Energy Co COM 845467109 1,315 95,000 SH   DFND 1 95,000 0 0
Spdr S&p500 Etf Trust ETF 78462F103 49,749 230,000 SH   DFND 1,2 230,000 0 0
Starbucks Corp COM 855244109 1,895 35,000 SH   DFND 1,2 35,000 0 0
T Rowe Price Group Inc COM 74144T108 2,328 35,000 SH   DFND 1 35,000 0 0
Target Corp COM 87612E106 2,404 35,000 SH   DFND 2 35,000 0 0
Thermo Fisher Scientific Inc COM 883556102 1,112 7,000 SH   DFND 2 7,000 0 0
Tiffany & Co COM 886547108 4,539 62,500 SH   DFND 1 62,500 0 0
Tjx Cos Inc/the COM 872540109 1,122 15,000 SH   DFND 1 15,000 0 0
Twenty-first Century Fox Inc COM 90130A101 4,602 190,000 SH   DFND 1 190,000 0 0
Twitter Inc COM 90184L102 1,268 55,000 SH   DFND 1 55,000 0 0
Under Armour Inc COM 904311107 1,160 30,000 SH   DFND 1 30,000 0 0
Union Pacific Corp COM 907818108 7,315 75,000 SH   DFND 1,2 75,000 0 0
United Technologies Corp COM 913017109 13,208 130,000 SH   DFND 1,2 130,000 0 0
Us Bancorp COM 902973304 2,359 55,000 SH   DFND 1 55,000 0 0
Vanguard Ftse Europe Etf ETF 922042874 59,207 1,215,000 SH   DFND 1 1,215,000 0 0
Vmware Inc COM 928563402 1,467 20,000 SH   DFND 2 20,000 0 0
Walgreens Boots Alliance Inc COM 931427108 3,628 45,000 SH   DFND 1,2 45,000 0 0
Wal-mart Stores Inc COM 931142103 14,063 195,000 SH   DFND 2 195,000 0 0
Walt Disney Co/the COM 254687106 9,286 100,000 SH   DFND 1,2 100,000 0 0
Wells Fargo & Co COM 949746101 14,612 330,000 SH   DFND 1,2 330,000 0 0
Ww Grainger Inc COM 384802104 2,698 12,000 SH   DFND 2 12,000 0 0