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
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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 3,740 18,000 SH   DFND 1,2 18,000 0 0
Abbvie Inc COM 00287Y109 1,209 15,000 SH   DFND 1,2 15,000 0 0
Activision Blizzard Inc COM 00507V109 2,959 65,000 SH   DFND 1,2 65,000 0 0
Adobe Inc COM 00724F101 2,665 10,000 SH   DFND 1,2 10,000 0 0
Alibaba Group Holding Ltd ADR 01609W102 8,210 45,000 SH   DFND 1,2 45,000 0 0
Allergan Plc COM G0177J108 2,928 20,000 SH   DFND 1,2 20,000 0 0
Alphabet Inc COM 02079K305 10,592 9,000 SH   DFND 1,2 9,000 0 0
Alphabet Inc COM 02079K107 9,386 8,000 SH   DFND 1,2 8,000 0 0
Amazon.com Inc COM 023135106 21,369 12,000 SH   DFND 1,2 12,000 0 0
American International Group Inc COM 026874784 4,090 95,000 SH   DFND 1,2 95,000 0 0
Amphenol Corp COM 032095101 756 8,000 SH   DFND 1 8,000 0 0
Anadarko Petroleum Corp COM 032511107 2,047 45,000 SH   DFND 1 45,000 0 0
Anheuser-busch Inbev Sa/nv ADR 03524A108 5,878 70,000 SH   DFND 1 70,000 0 0
Apache Corp COM 037411105 1,733 50,000 SH   DFND 1 50,000 0 0
Apple Inc COM 037833100 11,777 62,000 SH   DFND 1,2 62,000 0 0
Applied Materials Inc COM 038222105 1,388 35,000 SH   DFND 1 35,000 0 0
At&t Inc COM 00206R102 7,871 251,000 SH   DFND 1,2 251,000 0 0
Autodesk Inc COM 052769106 623 4,000 SH   DFND 1 4,000 0 0
Baidu Inc ADR 056752108 3,792 23,000 SH   DFND 1,2 23,000 0 0
Bank Of America Corp COM 060505104 4,552 165,000 SH   DFND 1,2 165,000 0 0
Bank Of New York Mellon Corp/the COM 064058100 2,522 50,000 SH   DFND 1,2 50,000 0 0
Bayer Ag ADR 072730302 1,208 75,000 SH   DFND 1 75,000 0 0
Becton Dickinson And Co COM 075887109 1,249 5,000 SH   DFND 1 5,000 0 0
Berkshire Hathaway Inc COM 084670702 6,027 30,000 SH   DFND 1,2 30,000 0 0
Blackrock Inc COM 09247X101 3,419 8,000 SH   DFND 1,2 8,000 0 0
Boeing Co/the COM 097023105 3,814 10,000 SH   DFND 1,2 10,000 0 0
Booking Holdings Inc COM 09857L108 3,839 2,200 SH   DFND 1,2 2,200 0 0
Broadcom Inc COM 11135F101 2,405 8,000 SH   DFND 1 8,000 0 0
Capital One Financial Corp COM 14040H105 1,062 13,000 SH   DFND 1 13,000 0 0
Cardinal Health Inc COM 14149Y108 722 15,000 SH   DFND 1 15,000 0 0
Carnival Corp COM 143658300 913 18,000 SH   DFND 1 18,000 0 0
Caterpillar Inc COM 149123101 1,355 10,000 SH   DFND 1,2 10,000 0 0
Cbs Corp COM 124857202 1,711 36,000 SH   DFND 1 36,000 0 0
Celgene Corp COM 151020104 2,642 28,000 SH   DFND 1,2 28,000 0 0
Chevron Corp COM 166764100 6,898 56,000 SH   DFND 1,2 56,000 0 0
Chubb Ltd COM H1467J104 3,362 24,000 SH   DFND 1,2 24,000 0 0
Citigroup Inc COM 172967424 3,546 57,000 SH   DFND 1,2 57,000 0 0
Coca-cola Co/the COM 191216100 3,046 65,000 SH   DFND 1,2 65,000 0 0
Colgate-palmolive Co COM 194162103 3,427 50,000 SH   DFND 1,2 50,000 0 0
Constellation Brands Inc COM 21036P108 1,052 6,000 SH   DFND 2 6,000 0 0
Costco Wholesale Corp COM 22160K105 1,695 7,000 SH   DFND 1,2 7,000 0 0
Csx Corp COM 126408103 524 7,000 SH   DFND 1 7,000 0 0
Cvs Health Corp COM 126650100 5,663 105,000 SH   DFND 1 105,000 0 0
Devon Energy Corp COM 25179M103 1,420 45,000 SH   DFND 1 45,000 0 0
Dowdupont Inc COM 26078J100 3,732 70,000 SH   DFND 1,2 70,000 0 0
Eaton Corp Plc COM G29183103 806 10,000 SH   DFND 1 10,000 0 0
Ebay Inc COM 278642103 1,114 30,000 SH   DFND 1,2 30,000 0 0
Electronic Arts Inc COM 285512109 3,557 35,000 SH   DFND 1,2 35,000 0 0
Emerson Electric Co COM 291011104 547 8,000 SH   DFND 1 8,000 0 0
Exxon Mobil Corp COM 30231G102 14,544 180,000 SH   DFND 1 180,000 0 0
Facebook Inc COM 30303M102 13,334 80,000 SH   DFND 1,2 80,000 0 0
Fedex Corp COM 31428X106 5,442 30,000 SH   DFND 1,2 30,000 0 0
Ford Motor Co COM 345370860 4,390 500,000 SH   DFND 1 500,000 0 0
Franklin Resources Inc COM 354613101 4,640 140,000 SH   DFND 2 140,000 0 0
General Dynamics Corp COM 369550108 2,370 14,000 SH   DFND 1,2 14,000 0 0
General Electric Co COM 369604103 7,043 705,000 SH   DFND 1,2 705,000 0 0
General Mills Inc COM 370334104 1,190 23,000 SH   DFND 2 23,000 0 0
Gilead Sciences Inc COM 375558103 4,551 70,000 SH   DFND 1 70,000 0 0
Goldman Sachs Group Inc/the COM 38141G104 6,912 36,000 SH   DFND 1,2 36,000 0 0
Home Depot Inc/the COM 437076102 3,838 20,000 SH   DFND 1,2 20,000 0 0
Humana Inc COM 444859102 532 2,000 SH   DFND 1 2,000 0 0
Intel Corp COM 458140100 8,324 155,000 SH   DFND 1,2 155,000 0 0
International Business Machines Corp COM 459200101 6,491 46,000 SH   DFND 2 46,000 0 0
Ishares Core S&p Small-cap Etf ETF 464287804 9,875 128,000 SH   DFND 1,2 128,000 0 0
Ishares Nasdaq Biotechnology Etf ETF 464287556 5,590 50,000 SH   DFND 1,2 50,000 0 0
Johnson & Johnson COM 478160104 6,990 50,000 SH   DFND 1,2 50,000 0 0
Jpmorgan Chase & Co COM 46625H100 4,657 46,000 SH   DFND 1,2 46,000 0 0
Kraft Heinz Co/the COM 500754106 4,277 131,000 SH   DFND 1,2 131,000 0 0
Lockheed Martin Corp COM 539830109 1,501 5,000 SH   DFND 1,2 5,000 0 0
Lowe's Cos Inc COM 548661107 2,737 25,000 SH   DFND 1,2 25,000 0 0
Mckesson Corp COM 58155Q103 3,512 30,000 SH   DFND 1 30,000 0 0
Medtronic Plc COM G5960L103 2,459 27,000 SH   DFND 1 27,000 0 0
Merck & Co Inc COM 58933Y105 2,495 30,000 SH   DFND 1,2 30,000 0 0
Metlife Inc COM 59156R108 3,065 72,000 SH   DFND 1,2 72,000 0 0
Micron Technology Inc COM 595112103 620 15,000 SH   DFND 1 15,000 0 0
Microsoft Corp COM 594918104 18,870 160,000 SH   DFND 1,2 160,000 0 0
Morgan Stanley COM 617446448 3,376 80,000 SH   DFND 1,2 80,000 0 0
Mylan Nv COM N59465109 2,409 85,000 SH   DFND 1 85,000 0 0
National Oilwell Varco Inc COM 637071101 666 25,000 SH   DFND 1 25,000 0 0
Northrop Grumman Corp COM 666807102 1,348 5,000 SH   DFND 1,2 5,000 0 0
Nvidia Corp COM 67066G104 2,693 15,000 SH   DFND 1 15,000 0 0
Pepsico Inc COM 713448108 2,451 20,000 SH   DFND 2 20,000 0 0
Pfizer Inc COM 717081103 6,158 145,000 SH   DFND 1,2 145,000 0 0
Philip Morris International Inc COM 718172109 7,867 89,000 SH   DFND 1,2 89,000 0 0
Pnc Financial Services Group Inc/the COM 693475105 1,595 13,000 SH   DFND 1,2 13,000 0 0
Prudential Financial Inc COM 744320102 5,513 60,000 SH   DFND 1,2 60,000 0 0
Range Resources Corp COM 75281A109 2,248 200,000 SH   DFND 1 200,000 0 0
Raytheon Co COM 755111507 1,821 10,000 SH   DFND 1,2 10,000 0 0
Salesforce.com Inc COM 79466L302 1,900 12,000 SH   DFND 1,2 12,000 0 0
Schlumberger Ltd COM 806857108 2,614 60,000 SH   DFND 1 60,000 0 0
Southwestern Energy Co COM 845467109 2,181 465,000 SH   DFND 1 465,000 0 0
State Street Corp COM 857477103 4,607 70,000 SH   DFND 1,2 70,000 0 0
Texas Instruments Inc COM 882508104 2,758 26,000 SH   DFND 1 26,000 0 0
Under Armour Inc COM 904311107 2,114 100,000 SH   DFND 1 100,000 0 0
United Parcel Service Inc COM 911312106 3,352 30,000 SH   DFND 1,2 30,000 0 0
United Technologies Corp COM 913017109 4,511 35,000 SH   DFND 1,2 35,000 0 0
Unitedhealth Group Inc COM 91324P102 4,945 20,000 SH   DFND 1,2 20,000 0 0
Us Bancorp COM 902973304 3,277 68,000 SH   DFND 1,2 68,000 0 0
Vanguard Ftse All-world Ex-us Etf ETF 922042775 11,033 220,000 SH   DFND 2 220,000 0 0
Vanguard Ftse Developed Markets Etf ETF 921943858 65,800 1,610,000 SH   DFND 1 1,610,000 0 0
Vanguard Ftse Emerging Markets Etf ETF 922042858 19,762 465,000 SH   DFND 1 465,000 0 0
Verizon Communications Inc COM 92343V104 5,322 90,000 SH   DFND 1,2 90,000 0 0
Walgreens Boots Alliance Inc COM 931427108 3,480 55,000 SH   DFND 1,2 55,000 0 0
Walmart Inc COM 931142103 2,438 25,000 SH   DFND 1,2 25,000 0 0
Walt Disney Co/the COM 254687106 6,107 55,000 SH   DFND 1,2 55,000 0 0
Wells Fargo & Co COM 949746101 9,181 190,000 SH   DFND 1,2 190,000 0 0