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 2,497 65,000 SH   DFND 1 65,000 0 0
Abbvie Inc COM 00287Y109 4,070 65,000 SH   DFND 1 65,000 0 0
Adobe Systems Inc COM 00724F101 1,544 15,000 SH   DFND 1 15,000 0 0
Alibaba Group Holding Ltd ADR 01609W102 1,317 15,000 SH   DFND 1 15,000 0 0
Allergan Plc COM G0177J108 3,150 15,000 SH   DFND 1,2 15,000 0 0
Alphabet Inc COM 02079K305 19,811 25,000 SH   DFND 1,2 25,000 0 0
Amazon.com Inc COM 023135106 5,249 7,000 SH   DFND 1 7,000 0 0
American Express Co COM 025816109 9,630 130,000 SH   DFND 2 130,000 0 0
American International Group Inc COM 026874784 980 15,000 SH   DFND 1 15,000 0 0
Ameriprise Financial Inc COM 03076C106 4,438 40,000 SH   DFND 1,2 40,000 0 0
Amgen Inc COM 031162100 2,632 18,000 SH   DFND 1 18,000 0 0
Anadarko Petroleum Corp COM 032511107 3,138 45,000 SH   DFND 1 45,000 0 0
Anheuser-busch Inbev Sa/nv ADR 03524A108 3,690 35,000 SH   DFND 1,2 35,000 0 0
Apache Corp COM 037411105 3,173 50,000 SH   DFND 1 50,000 0 0
Apple Inc COM 037833100 15,636 135,000 SH   DFND 1,2 135,000 0 0
At&t Inc COM 00206R102 638 15,000 SH   DFND 2 15,000 0 0
Baidu Inc ADR 056752108 1,973 12,000 SH   DFND 2 12,000 0 0
Bayer Ag ADR 072730302 1,564 15,000 SH   DFND 1 15,000 0 0
Biogen Inc COM 09062X103 4,254 15,000 SH   DFND 1,2 15,000 0 0
Bp Plc ADR 055622104 5,233 140,000 SH   DFND 1 140,000 0 0
Bristol-myers Squibb Co COM 110122108 2,045 35,000 SH   DFND 1 35,000 0 0
Cardinal Health Inc COM 14149Y108 1,080 15,000 SH   DFND 1 15,000 0 0
Chipotle Mexican Grill Inc COM 169656105 981 2,600 SH   DFND 1 2,600 0 0
Cisco Systems Inc COM 17275R102 3,626 120,000 SH   DFND 2 120,000 0 0
Citigroup Inc COM 172967424 2,377 40,000 SH   DFND 2 40,000 0 0
Coca-cola Co/the COM 191216100 4,975 120,000 SH   DFND 2 120,000 0 0
Colgate-palmolive Co COM 194162103 1,309 20,000 SH   DFND 1 20,000 0 0
Conocophillips COM 20825C104 9,276 185,000 SH   DFND 1,2 185,000 0 0
Costco Wholesale Corp COM 22160K105 3,202 20,000 SH   DFND 1 20,000 0 0
Cvs Health Corp COM 126650100 5,129 65,000 SH   DFND 1 65,000 0 0
Devon Energy Corp COM 25179M103 2,055 45,000 SH   DFND 1 45,000 0 0
Discovery Communications Inc COM 25470F104 2,193 80,000 SH   DFND 2 80,000 0 0
Dollar General Corp COM 256677105 2,592 35,000 SH   DFND 2 35,000 0 0
Duke Energy Corp COM 26441C204 1,941 25,000 SH   DFND 2 25,000 0 0
Eli Lilly & Co COM 532457108 2,574 35,000 SH   DFND 1,2 35,000 0 0
Emerson Electric Co COM 291011104 7,248 130,000 SH   DFND 1,2 130,000 0 0
Estee Lauder Cos Inc/the COM 518439104 1,530 20,000 SH   DFND 1 20,000 0 0
Express Scripts Holding Co COM 30219G108 3,440 50,000 SH   DFND 2 50,000 0 0
Exxon Mobil Corp COM 30231G102 9,026 100,000 SH   DFND 1 100,000 0 0
Facebook Inc COM 30303M102 6,903 60,000 SH   DFND 1 60,000 0 0
Ford Motor Co COM 345370860 1,880 155,000 SH   DFND 1 155,000 0 0
Franklin Resources Inc COM 354613101 4,948 125,000 SH   DFND 2 125,000 0 0
General Electric Co COM 369604103 6,320 200,000 SH   DFND 1,2 200,000 0 0
Gilead Sciences Inc COM 375558103 4,655 65,000 SH   DFND 1 65,000 0 0
Halliburton Co COM 406216101 4,327 80,000 SH   DFND 1 80,000 0 0
Home Depot Inc/the COM 437076102 2,682 20,000 SH   DFND 1,2 20,000 0 0
Honeywell International Inc COM 438516106 2,317 20,000 SH   DFND 1 20,000 0 0
Intel Corp COM 458140100 2,720 75,000 SH   DFND 2 75,000 0 0
International Business Machines Corp COM 459200101 7,636 46,000 SH   DFND 2 46,000 0 0
Invesco Ltd COM G491BT108 2,427 80,000 SH   DFND 1,2 80,000 0 0
Ishares Iboxx $ High Yield Corporate Bond Etf ETF 464288513 54,526 630,000 SH   DFND 1 630,000 0 0
Johnson & Johnson COM 478160104 7,834 68,000 SH   DFND 1,2 68,000 0 0
Kimberly-clark Corp COM 494368103 913 8,000 SH   DFND 2 8,000 0 0
KKR & CO LP COM 48248M102 5,156 335,000 SH   DFND 1 335,000 0 0
Lockheed Martin Corp COM 539830109 1,250 5,000 SH   DFND 2 5,000 0 0
Lowe's Cos Inc COM 548661107 3,200 45,000 SH   DFND 1 45,000 0 0
Macy's Inc COM 55616P104 1,146 32,000 SH   DFND 1 32,000 0 0
Mcdonald's Corp COM 580135101 1,826 15,000 SH   DFND 1 15,000 0 0
Mckesson Corp COM 58155Q103 2,809 20,000 SH   DFND 1 20,000 0 0
Medtronic Plc COM G5960L103 2,493 35,000 SH   DFND 1 35,000 0 0
Merck & Co Inc COM 58933Y105 1,177 20,000 SH   DFND 1 20,000 0 0
Metlife Inc COM 59156R108 5,443 101,000 SH   DFND 1 101,000 0 0
Michael Kors Holdings Ltd COM G60754101 2,149 50,000 SH   DFND 1 50,000 0 0
Monsanto Co COM 61166W101 4,734 45,000 SH   DFND 2 45,000 0 0
Mylan Nv COM N59465109 3,243 85,000 SH   DFND 1 85,000 0 0
National Oilwell Varco Inc COM 637071101 936 25,000 SH   DFND 1 25,000 0 0
Nike Inc COM 654106103 5,845 115,000 SH   DFND 1,2 115,000 0 0
Nordstrom Inc COM 655664100 842 17,575 SH   DFND 1 17,575 0 0
Occidental Petroleum Corp COM 674599105 4,986 70,000 SH   DFND 1,2 70,000 0 0
Oracle Corp COM 68389X105 9,613 250,000 SH   DFND 2 250,000 0 0
O'reilly Automotive Inc COM 67103H107 1,114 4,000 SH   DFND 1 4,000 0 0
Pepsico Inc COM 713448108 3,662 35,000 SH   DFND 2 35,000 0 0
PFIZER INC COM 717081103 9,257 285,000 SH   DFND 1,2 285,000 0 0
Praxair Inc COM 74005P104 2,930 25,000 SH   DFND 1 25,000 0 0
Procter & Gamble Co/the COM 742718109 2,522 30,000 SH   DFND 1,2 30,000 0 0
Qualcomm Inc COM 747525103 4,564 70,000 SH   DFND 1 70,000 0 0
Ralph Lauren Corp COM 751212101 1,806 20,000 SH   DFND 1 20,000 0 0
Range Resources Corp COM 75281A109 1,718 50,000 SH   DFND 1 50,000 0 0
Salesforce.com Inc COM 79466L302 2,738 40,000 SH   DFND 1 40,000 0 0
Schlumberger Ltd COM 806857108 5,037 60,000 SH   DFND 1 60,000 0 0
Southern Co/the COM 842587107 1,722 35,000 SH   DFND 2 35,000 0 0
Southwestern Energy Co COM 845467109 2,326 215,000 SH   DFND 1 215,000 0 0
Spdr S&p500 Etf Trust ETF 78462F103 69,294 310,000 SH   DFND 1,2 310,000 0 0
T Rowe Price Group Inc COM 74144T108 2,634 35,000 SH   DFND 1 35,000 0 0
Teva Pharmaceutical Industries Ltd ADR 881624209 1,994 55,000 SH   DFND 2 55,000 0 0
Thermo Fisher Scientific Inc COM 883556102 2,540 18,000 SH   DFND 1,2 18,000 0 0
Tiffany & Co COM 886547108 4,839 62,500 SH   DFND 1 62,500 0 0
Tjx Cos Inc/the COM 872540109 1,127 15,000 SH   DFND 1 15,000 0 0
Twenty-first Century Fox Inc COM 90130A101 5,328 190,000 SH   DFND 1 190,000 0 0
Twitter Inc COM 90184L102 1,223 75,000 SH   DFND 1 75,000 0 0
Under Armour Inc COM 904311107 2,324 80,000 SH   DFND 1 80,000 0 0
Union Pacific Corp COM 907818108 6,221 60,000 SH   DFND 2 60,000 0 0
United Technologies Corp COM 913017109 14,251 130,000 SH   DFND 1,2 130,000 0 0
Utilities Select Sector Spdr Fund ETF 81369Y886 8,014 165,000 SH   DFND 1,2 165,000 0 0
Vanguard Ftse Europe Etf ETF 922042874 60,164 1,255,000 SH   DFND 1 1,255,000 0 0
Vanguard Reit Etf ETF 922908553 9,904 120,000 SH   DFND 1,2 120,000 0 0
Verizon Communications Inc COM 92343V104 641 12,000 SH   DFND 2 12,000 0 0
Visa Inc COM 92826C839 4,135 53,000 SH   DFND 1 53,000 0 0
Vmware Inc COM 928563402 1,575 20,000 SH   DFND 2 20,000 0 0
Walgreens Boots Alliance Inc COM 931427108 3,724 45,000 SH   DFND 1,2 45,000 0 0
Wal-mart Stores Inc COM 931142103 13,478 195,000 SH   DFND 2 195,000 0 0
Walt Disney Co/the COM 254687106 11,464 110,000 SH   DFND 1,2 110,000 0 0
Ww Grainger Inc COM 384802104 2,787 12,000 SH   DFND 2 12,000 0 0