UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
FORM 13F
FORM 13F COVER PAGE

Report for the Quarter Ended:  March 31, 2012
Check here if Amendment	[ ]; Amendment Number:
This Amendment:		[ ] is a restatement.
			[ ] adds new holdings entries.

Institutional Investment Manager Filing this Report:
Name:			Cobble Hill Financial Services, Inc.
Address:		99 West Main Street, Suite 200
			Moorestown, NJ 08057
13F File Number:	028-13555

The institutional investment manager filing this report and the person by
whom it is signed hereby represent that the person signing the report is
authorized to submit it, that all information contained herein is true,
correct and complete, and that it is understood that all required items,
statements, schedules, lists, and tables, are considered integral
parts of this submission.

Person Signing this Report on Behalf of Reporting Manager:
Name:		Althea L. A. Skeels
Title:		President
Phone:		856-231-7770
Signature,		Place,			and Date of Signing
Althea L. A. Skeels	Moorestown, NJ		May 15,2012
Report Type:
[X]  13F HOLDINGS REPORT
[ ]  13F NOTICE
[ ]  13F COMBINATION REPORT

List of Other Managers Reporting for this Manager:  NONE



FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Managers Included:  	0
Form 13F information Table Entry Total:	64
Form 13F Information Table Value Total:	$537,657 (in thousands)

List of Other Included Managers:		NONE


						
FORM 13F INFORMATION TABLE:
NAME OF	TITLE OF		VALUE	SH/PRN	SH/	PUT/	INVESTMENT	OTHER  	VOTING AUTHORITY
ISSUER			CLASS	CUSIP	 (x$1000)	AMT	PRN	CALL	DISCRETION	MGRS	SOLE	SHARED	NONE
MIDDLEBY CORP		COM	596278101	212	2100	SH		SOLE
MCDONALDS CORP		COM	580135101	216	2200	SH		SOLE
iSH TR TRANSP AVE IDX	ETF	464287192	218	2325	SH		SOLE
SELSEC SPDR INT-INDS	ETF	81369Y704	225	6000	SH		SOLE
iSH TR IBOXX INV CPBD	ETF	464287242	231	2000	SH		SOLE
SPDR S&P BIOTECH	ETF	78464A870	261	3250	SH		SOLE
APACHE CORP		COM	037411105	271	2700	SH		SOLE
SPDR ASIA PACIF		ETF	78463X301	297	4000	SH		SOLE
iSH TR DJ US ENERGY	ETF	464287796	311	7500	SH		SOLE
iSH TR S&P NA TECH FD	ETF	464287549	319	4500	SH		SOLE
BARC ETN DJUBS COPR37	ETF	06739F101	540	11000	SH		SOLE
INTNAT BUS MACHS	COM	459200101	572	2742	SH		SOLE
SPDR GOLD TRUST 	ETF	78463V107	616	3800	SH		SOLE
iSH INC MSCI SINGAPORE	ETF	464286673	773	60000	SH		SOLE
iSH GOLD TRUST iSH	ETF	464285105	895	55000	SH		SOLE
MKT VEC OIL SVCS	ETF	57060U191	975	24000	SH		SOLE
PWRSH DB CMDTY IDX	ETF	73935S105	979	34000	SH		SOLE
iSH TR MSCI ACWI EX	ETF	464288240	1021	25000	SH		SOLE
iSH INC MSCI TAIWAN	ETF	464286731	1074	80000	SH		SOLE
iSH INC MSCI GERMAN	ETF	464286806	1164	50000	SH		SOLE
APPLE INC		COM	037833100	1264	2108	SH		SOLE
SEL SEC SPDR INT-ENERGY	ETF	81369Y506	1558	21750	SH		SOLE
iSH INC MSCI BRIC INDX	ETF	464286657	1635	40000	SH		SOLE
iSH TR S&P NA NAT RES	ETF	464287374	1834	46000	SH		SOLE
iSH TR RUSL 2000 VALU	ETF	464287630	1888	25870	SH		SOLE
iSH INC MSCI AUSTRALIA	ETF	464286103	2045	87000	SH		SOLE
iSH TR RUSS 2000	ETF	464287655	2551	30800	SH		SOLE
iSH TR S&P MIDCAP 400	ETF	464287507	2778	28000	SH		SOLE
VG INTL EQ MSCI PAC	ETF	922042866	2816	53000	SH		SOLE
iSH TR DJ INTL SEL DIVD	ETF	464288448	3260	100000	SH		SOLE
iSH TR DJ US BAS MATL	ETF	464287838	3360	47750	SH		SOLE
iSH TR COHEN&ST RLTY	ETF	464287564	3470	45275	SH		SOLE
iSH TR RUSL 2000 GROW	ETF	464287648	3472	36400	SH		SOLE
SEL SEC SPDR TR TECH	ETF	81369Y803	3468	115000	SH		SOLE
iSH INC MSCI HONG KONG	ETF	464286871	3490	200000	SH		SOLE
CLAY GUG MULTI ASSET	ETF	18383M506	3562	163000	SH		SOLE
VG INTL EQAW X US	ETF	922042775	4002	90500	SH		SOLE
SPDR INDEX  S&P  INTL	ETF	78463X772	4847	97000	SH		SOLE
SEL SEC SPDR INT-UTILS	ETF	81369Y886	5065	144500	SH		SOLE
iSH INC MSCI STH AFRCA	ETF	464286780	5117	74250	SH		SOLE
iSH TR RUSS MIDCAP	ETF	464287499	5757	52000	SH		SOLE
iSH TR RUSS MCP VL	ETF	464287473	6353	132000	SH		SOLE
iSH INC MSCI CDA INDEX	ETF	464286509	7765	274000	SH		SOLE
iSH INC MSCI MEX INVEST	ETF	464286822	8049	128750	SH		SOLE
iSH TR S&P 500 VALUE	ETF	464287408	8116	125000	SH		SOLE
iSH INC MSCI BRAZIL	ETF	464286400	10090	156050	SH		SOLE
SPDR S&P 500 ETF	ETF	78462F103	11174	79355	SH		SOLE
iSH TR MSCI EAFE INDEX	ETF	464287465	11637	212000	SH		SOLE
iSH TR HGH DIV EQT FD	ETF	46429B663	12002	210000	SH		SOLE
iSH TR S&P500 GRW	ETF	464287309	12587	167000	SH		SOLE
iSH TR DJ SEL DIV INX	ETF	464287168	13279	237300	SH		SOLE
VG WHITE HIGH DIV YLD	ETF	921946406	16019	330500	SH		SOLE
iSH TR RUSS1000VAL	ETF	464287598	17518	250000	SH		SOLE
SPDR SERIES S&P DIVID	ETF	78464A763	20945	369800	SH		SOLE
iSH TR DJ US REAL EST	ETF	464287739	22490	361000	SH		SOLE
iSH TR S&P MC 400 GRW	ETF	464287606	25580	227500	SH		SOLE
SPDR SERIES DJ REIT	ETF	78464A607	26058	367900	SH		SOLE
VG SPEC PORT DIV APP	ETF	921908844	26435	451500	SH		SOLE
iSH INC MSCI PAC J IDX	ETF	464286665	27098	622650	SH		SOLE
iSH TR RUSS1000GRW	ETF	464287614	27099	410100	SH		SOLE
iSH TR S&P LTN AM 40	ETF	464287390	29408	617425	SH		SOLE
iSH TR RUSS MCP GR	ETF	464287481	32383	515075	SH		SOLE
PWRSH QQQ 		ETF	73935A104	37254	551500	SH		SOLE
iSH TR MSCI EMERG MKT	ETF	464287234	49908	1162000	SH		SOLE
						537657