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
AMBEV SA-ADR COM 02319V103 100 21,700 SH   SOLE N/A 0 0 100
ANNALY CAPITAL MANAGEMENT IN COM 035710409 121 13,700 SH   SOLE N/A 0 0 121
DIREXION DLY ENERGY BEAR 3X COM 25460E554 963 20,000 SH   SOLE N/A 0 0 963
FINANCIAL SELECT SECTOR SPDR COM 81369Y605 238 8,500 SH   SOLE N/A 0 0 238
HEALTH CARE SELECT SECTOR COM 81369Y209 216 2,400 SH   SOLE N/A 0 0 216
ISHARES EXPANDED TECH-SOFTWA COM 464287515 21,188 100,000 SH   SOLE N/A 0 0 21,188
ISHARES PHLX SEMICONDUCTOR E COM 464287523 21,141 100,000 SH   SOLE N/A 0 0 21,141
ISHARES RUSSELL 1000 VALUE E COM 464287598 308 2,400 SH   SOLE N/A 0 0 308
ISHARES RUSSELL 2000 ETF COM 464287655 30,268 200,000 SH   SOLE N/A 0 0 30,268
ISHARES US TELECOMMUNICATION COM 464287713 584 20,000 SH   SOLE N/A 0 0 584
OAKTREE SPECIALTY LENDING CO COM 67401P108 59 11,300 SH   SOLE N/A 0 0 59
PROSPECT CAPITAL CORP COM 74348T102 336 51,000 SH   SOLE N/A 0 0 336
SPDR SP INSURANCE ETF COM 78464A789 3,523 100,000 SH   SOLE N/A 0 0 3,523
SPDR SP RETAIL ETF COM 78464A714 21,431 505,100 SH   SOLE N/A 0 0 21,431
UTILITIES SELECT SECTOR SPDR COM 81369Y886 486 7,500 SH   SOLE N/A 0 0 486
VANECK SEMICONDUCTOR COM 92189F676 23,790 199,700 SH   SOLE N/A 0 0 23,790