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
* TEVA PHARMACEUTICAL INDS LTD ADR 881624209 33,762 597,985 SH   DFND 3,2,1 597,985 0 0
* NICE SYS LTD SPONSORED ADR 653656108 9,168 162,749 SH   DFND 3,2,1 161,549 0 1,200
* DSP GROUP INC COM 23332B106 128 14,034 SH   DFND   14,034 0 0
ABBOTT LABS COM 2824100 28 700 SH   DFND 3 700 0 0
BOEING CO COM 97023105 3,570 27,261 SH   DFND 2,1 7,376 0 19,885
PROLOGIS INC COM 74340W103 156 4,000 SH   DFND 3 4,000 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 1,791 12,356 SH   DFND 3,2,1 2,366 0 9,990
AETNA INC NEW COM 00817Y108 3,084 28,189 SH   DFND 3,2,1 12,585 0 15,604
* MOTOROLA SOLUTIONS INC COM NEW 620076307 150 2,200 SH   DFND 1 0 0 2,200
JOHNSON & JOHNSON COM 478160104 1,550 16,605 SH   DFND 3,2,1 13,605 0 3,000
NEWMONT MINING CORP COM 651639106 18 1,100 SH   DFND 3 1,100 0 0
* YAHOO INC COM 984332106 8,308 287,381 SH   DFND 3,2 287,381 0 0
* TIME WARNER INC COM NEW 887317303 10,367 150,791 SH   DFND 2 150,791 0 0
WELLS FARGO&CO NEW COM 949746101 5,440 105,946 SH   DFND 3,1 101,446 0 4,500
PFIZER INC COM 717081103 8,967 285,474 SH   DFND 3,1 77,969 0 207,505
OCCIDENTAL PETE CORP DEL COM 674599105 4,298 64,973 SH   DFND 3,1 2,338 0 62,635
* RAYTHEON CO COM NEW 755111507 8 72 SH   DFND 2 72 0 0
ORACLE CORP COM 68389X105 3,691 102,201 SH   DFND 3,1 98,201 0 4,000
SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 22,422 137,879 SH   DFND 1 28 0 137,851
* DISNEY WALT CO COM DISNEY 254687106 15,048 147,241 SH   DFND 2 147,241 0 0
PEPSICO INC COM 713448108 7,268 77,068 SH   DFND 3,1 23,744 0 53,324
CISCO SYS INC COM 17275R102 14 540 SH   DFND 1 540 0 0
CISCO SYS INC COM 17275R102 12,221 465,573 SH   DFND 3,1 254,830 0 210,743
* CORNING INC COM COM 219350105 1,293 75,536 SH   DFND 1 0 0 75,536
CITIGROUP INC COM NEW 172967424 11,158 224,921 SH   DFND 2,1 198,030 0 26,891
APPLE INC COM 37833100 8,415 76,295 SH   DFND 3,1 15,192 0 61,103
* MERCK & CO INC NEW COM 58933Y105 5,387 109,069 SH   DFND 2,1 109,069 0 0
TARGET CORP COM 87612E106 1,354 17,216 SH   DFND 3,1 17,216 0 0
WAL-MART STORES INC COM 931142103 2,941 45,360 SH   DFND 3 45,360 0 0
FIRST AMERN FINL CORP COM 31847R102 21 550 SH   DFND 2 550 0 0
INTEL CORP COM 458140100 24 800 SH   DFND 3 800 0 0
AMGEN INC COM 31162100 4,226 30,552 SH   DFND 3,2 30,552 0 0
3MCO COM 88579Y101 13 89 SH   DFND 1 89 0 0
XEROX CORP COM 984121103 595 61,200 SH   DFND 3 61,200 0 0
AMERICAN INTL GROUP INC COM NEW 26874784 10,372 182,544 SH   DFND 3,2,1 173,207 0 9,337
CATERPILLAR INC DEL COM 149123101 3 49 SH   DFND 2,1 49 0 0
GENERAL ELECTRIC CO COM 369604103 1,062 42,124 SH   DFND 2,1 42,124 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 14 300 SH   DFND 2 300 0 0
NIKE INC CL B 654106103 334 2,717 SH   DFND 3,2 2,717 0 0
D R HORTON INC COM 23331A109 763 26,000 SH   DFND 3 26,000 0 0
AMERICAN EXPRESS CO COM 25816109 6,368 85,900 SH   DFND 3,1 26,061 0 59,839
EBAYINC COM 278642103 950 38,879 SH   DFND 3,1 38,879 0 0
ISHARES MSCI HONG KG ETF 464286871 9 457 SH   DFND 2 457 0 0
ISHARES INC MSCI SINGAPORE 464286673 387 38,021 SH   DFND 1 0 0 38,021
* PARTNER COMMUNICATIONS CO LT ADR 70211M109 498 127,423 SH   DFND 2 127,423 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 84,744 2,145,415 SH   DFND 2,1 579,720 0 1,565,695
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 66,626 1,411,870 SH   DFND 2,1 546,872 0 864,998
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 1,249 18,855 SH   DFND   18,855 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 89,627 1,353,264 SH   DFND 2,1 603,416 0 749,848
* MATTEL INC COM 577081102 4 186 SH   DFND 2 186 0 0
* WHIRLPOOL CORP COM 963320106 20 137 SH   DFND 1 137 0 0
E M C CORP MASS COM 268648102 1,405 58,142 SH   DFND 1 0 0 58,142
LOCKHEE DMARTIN CORP COM 539830109 13 61 SH   DFND 2 61 0 0
ARROW ELECTRS INC COM 42735100 1,841 33,300 SH   DFND 3 33,300 0 0
* GILDAN ACTIVEWEAR INC COM 375558103 17,750 180,776 SH   DFND 3,2,1 177,042 0 3,734
CA INC COM 12673P105 4 148 SH   DFND 1 148 0 0
MCCORMICK & CO INC COM NON VTG 579780206 3,082 37,500 SH   DFND 3 37,500 0 0
OPKO HEALTH INC COM 68375N103 118 14,000 SH   DFND 3 14,000 0 0
OPKO HEALTH INC COM 68375N103 690 82,079 SH   DFND   82,079 0 0
PROCTER &GAMBLE CO COM 742718109 1,315 18,280 SH   DFND 3,2,1 12,058 0 6,222
PRICELINE COM INC COM NEW 741503403 12,256 9,909 SH   DFND 3,2 9,909 0 0
EXXON MOBIL CORP COM 30231G102 4,561 61,350 SH   DFND 3 61,350 0 0
COCA COLA CO COM 191216100 981 24,450 SH   DFND 3,1 5,700 0 18,750
* STARBUCKS CORP COM 855244109 6,330 111,359 SH   DFND 2 111,359 0 0
* TESORO CORP COM COM 881609101 385 3,959 SH   DFND 1 0 0 3,959
QUALCOMM INC COM 747525103 7,333 136,476 SH   DFND 2 136,476 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 3,195 141,015 SH   DFND   141,015 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 137,119 6,051,169 SH   DFND 3,2,1 2,149,100 0 3,902,069
DUN & BRADSTREET CORP DEL NE COM 26483E100 1,013 9,650 SH   DFND 3,2 9,650 0 0
COMMONWEALTH REIT COM SH BEN INT 294628102 136 5,000 SH   DFND 3 5,000 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 19,580 192,415 SH   DFND   192,415 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 65,993 648,514 SH   DFND 2,1 222,233 0 426,281
STAPLES INC COM 855030102 52 4,400 SH   DFND 1 0 0 4,400
* FEDEX CORP COM 31428X106 6,364 44,203 SH   DFND 2,1 42,199 0 2,004
* GENERAL DYNAMICS CORP COM 369550108 69 498 SH   DFND 2,1 498 0 0
* GOLDMAN SACHS GROUP INC COM COM 38141G104 20 115 SH   DFND 2 115 0 0
* ALEXION PHARMACEUTICALS INC COM 15351109 4 28 SH   DFND 2 28 0 0
UNION PAC CORP COM 907818108 18,713 211,661 SH   DFND 3,2,1 166,153 0 45,508
BECTON DICKINSON & CO COM 75887109 186 1,400 SH   DFND 3 1,400 0 0
HONEYWELL INTL INC COM 438516106 759 8,015 SH   DFND 3 8,015 0 0
ISHARES INC MSCI JAPAN 464286848 552 48,298 SH   DFND   48,298 0 0
ISHARES INC MSCI JAPAN 464286848 77,758 6,803,013 SH   DFND 3,2,1 564,946 0 6,238,067
PRAXAIR INC COM 74005P104 1,871 18,370 SH   DFND 3,1 6,140 0 12,230
FONAR CORP COM NEW 344437405 67 5,000 SH   DFND 3 5,000 0 0
CELGENE CORP COM 151020104 8,083 74,721 SH   DFND 3,2,1 55,683 0 19,038
AVNET INC COM 53807103 2,130 49,900 SH   DFND 3 49,900 0 0
AMERISOURCEBERGEN CORP COM 03073E105 322 3,391 SH   DFND 3,1 3,153 0 238
* NOBLE ENERGY INC COM 655044105 309 10,235 SH   DFND 2,1 10,235 0 0
CVS CAREMARK CORPORATION COM 126650100 4,053 42,005 SH   DFND 1 333 0 41,672
* BIOGEN IDEC INC COM COM 09062X103 7,752 26,564 SH   DFND 3,2 26,564 0 0
JPMORGAN CHASE & CO COM 46625H100 13,822 226,700 SH   DFND 3,1 124,950 0 101,750
NUANCE COMMUNICATIONS INC COM 67020Y100 92 5,600 SH   DFND 1 0 0 5,600
ISHARES INC MSCI GERMAN 464286806 18,401 743,768 SH   DFND 2,1 738,078 0 5,690
* QUINTILES TRANSNATIO HLDGS I COM 74876Y101 5,972 85,841 SH   DFND 2 85,841 0 0
ANADARKO PETE CORP COM 32511107 14 235 SH   DFND 2 235 0 0
DOLLAR TREE INC COM 256746108 2,983 44,750 SH   DFND 3 44,750 0 0
VISA INC COM CL A 92826C839 15,879 227,951 SH   DFND 3,2 227,951 0 0
* COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 7,596 121,321 SH   DFND 2 121,321 0 0
COLGATE PALMOLIVE CO COM 194162103 1,107 17,441 SH   DFND 3,1 17,441 0 0
LIVEPERSON INC COM 538146101 50 6,550 SH   DFND 2 6,550 0 0
LIVEPERSON INC COM 538146101 188 24,855 SH   DFND   24,855 0 0
* UNITED TECHNOLOGIES CORP COM 913017109 8 86 SH   DFND 2 86 0 0
MCDONALDS CORP COM 580135101 1,255 12,741 SH   DFND 3,1 12,741 0 0
SPDR S&P 500ETF TR TR UNIT 78462F103 8,858 46,223 SH   DFND   46,223 0 0
SPDR S&P 500ETF TR TR UNIT 78462F103 132,906 693,554 SH   DFND 3,2,1 559,860 0 133,694
ISHARES INC MSCI UTD KINGO 46434V548 32,475 1,981,406 SH   DFND 1 153,605 0 1,827,801
HOSPITALITY PPTYS TR COM SH BEN INT 44106M102 128 5,000 SH   DFND 3 5,000 0 0
* LOWES COS INC COM COM 548661107 2,028 29,432 SH   DFND 1 682 0 28,750
SANMINA CORPORATION COM 801056102 630 29,500 SH   DFND 3 29,500 0 0
COSTCO WHSL CORP NEW COM 22160K105 3,662 25,328 SH   DFND 1 0 0 25,328
BED BATH & BEYOND INC COM 75896100 8,603 150,878 SH   DFND 3,1 88,124 0 62,754
BANK OF AMERICA CORPORATION COM 60505104 20,692 1,328,133 SH   DFND 2,1 1,034,283 0 293,850
BERKSHIRE HATHAWAY INC DEL CL B NEW 84670702 334 2,565 SH   DFND 2,1 165 0 2,400
* MARATHON PETE CORP COM COM 56585A102 741 16,000 SH   DFND 3 16,000 0 0
LENNAR CORP CL A 526057104 4,363 90,656 SH   DFND 3,1 2,455 0 88,201
CHESAPEAKE ENERGY CORP COM 165167107 37 5,000 SH   DFND 1 0 0 5,000
VORNADO RLTY TR SH BEN INT 929042109 136 1,500 SH   DFND 3 1,500 0 0
NATIONAL RETAIL PPTYS INC COM 637417106 127 3,500 SH   DFND 3 3,500 0 0
WELLCARE HEALTH PLANS INC COM 94946T106 1,482 17,200 SH   DFND 3 17,200 0 0
ISHARES INC MSCI ITALY 464286855 28,745 2,007,347 SH   DFND 3,2,1 168,072 0 1,839,275
MANPOWERGROUP INC COM 56418H100 67 815 SH   DFND 2 815 0 0
* MONDELEZ INTL INC CL A 609207105 22 537 SH   DFND 2,1 537 0 0
COMPUTER SCIENCES CORP COM 205363104 2,032 33,100 SH   DFND 3 33,100 0 0
ISHARES MSCI SPAN CP ETF 464286764 21,435 722,688 SH   DFND 1 25,020 0 697,668
ISHARES TR RUSSELL 2000 464287655 15,678 143,571 SH   DFND 2,1 86,731 0 56,840
* FREEPORT-MCMORAN INC CL B 35671D857 2 213 SH   DFND 2 213 0 0
* NORTHROP GRUMMAN CORP COM 666807102 8 47 SH   DFND 2 47 0 0
LABORATORY CORP AMER HLDGS COM NEW 50540R409 1,627 15,000 SH   DFND 3 15,000 0 0
* EXPRESS SCRIPTS HLDG CO COM 30219G108 10,542 130,212 SH   DFND 3,2,1 121,747 0 8,465
HALLIBURTON CO COM 406216101 5,142 145,466 SH   DFND 3,2,1 136,913 0 8,553
AMERISOURCEBERGEN CORP COM 03073E105 747 22,920 SH   DFND 1 0 0 22,920
ANTHEM INC COM ADDED 36752103 3,182 22,730 SH   DFND 3 22,730 0 0
ISHARES TR HDG MSCI GERMN 46434V704 1,902 83,820 SH   DFND 3 83,820 0 0
AGROFRESH SOLUTIONS *W EXP 07/31/202 ADDED 00856G117 7 3,300 SH   DFND 1 3,300 0 0
ISHARES TR CUR HDG MS EMU 46434V639 149 6,000 SH   DFND 3 6,000 0 0
ISHARES TR 0-5YR INVT GR CP 46434V100 478 9,503 SH   DFND 1 9,503 0 0
* SECOND SIGHT MED PRODS INC COM 81362J100 183 30,809 SH   DFND 1 30,809 0 0
WISDOMTREE TR EUR HDG SMLCAP 97717X552 5,039 214,970 SH   DFND 3 214,970 0 0
FIDELITY MSCI HLTH CARE I 316092600 541 17,000 SH   DFND 3 17,000 0 0
* DBX ETF TR DB XTR MSCI EUR 233051853 2,485 99,422 SH   DFND 1 99,422 0 0
* SOLAREDGE TECHNOLOGIES INC COM 83417M104 98 4,292 SH   DFND   4,292 0 0
* PAYPAL HLDGS INC COM ADDED 70450Y103 8 212 SH   DFND 1 212 0 0
MARKET VECTORS ETF TR EM LC CURR DBT 57060U522 2,562 147,858 SH   DFND 3 147,858 0 0
WISDOMTREE TR EM LCL DEBT FD 97717X867 277 8,000 SH   DFND 1 0 0 8,000
* CEVA INC COM 157210105 174 9,365 SH   DFND   9,365 0 0
COMCAST CORP NEW CL A 20030N101 5,179 91,056 SH   DFND 3,1 52,632 0 38,424
ANNALY CAP MGMT INC COM 35710409 89 9,000 SH   DFND 3 9,000 0 0
AUTO ZONE INC COM 53332102 3,445 4,760 SH   DFND 3 4,760 0 0
ISHARES TR DJ US TELECOMM 464287713 73 2,700 SH   DFND 2 2,700 0 0
ISHARES INC MSCI STH KOR CAP 464286772 11,432 234,351 SH   DFND 3,2,1 16,996 0 217,355
PLURISTEM THERAPEUTICS INC COM 72940R102 68 37,348 SH   DFND 2 37,348 0 0
PLURISTEM THERAPEUTICS INC COM 72940R102 93 50,962 SH   DFND   50,962 0 0
* NAUTILUS INC COM COM 63910B102 600 40,000 SH   DFND 3 40,000 0 0
DELUXE CORP COM 248019101 1,945 34,900 SH   DFND 3 34,900 0 0
ISHARES TR RUSL 2000 GROW 464287648 8 61 SH   DFND 2 61 0 0
SPECTRUM PHARMACEUTICALS INC COM 84763A108 139 23,211 SH   DFND 1 23,211 0 0
* ISHARES MSCI TAIWAN ETF 464286731 1 80 SH   DFND 1 0 0 80
SIMON PPTY GROUP INC NEW COM 828806109 129 700 SH   DFND 3 700 0 0
ISHARES TR MSCI EMERG MKT 464287234 3,282 100,112 SH   DFND   100,112 0 0
ISHARES TR MSCI EMERG MKT 464287234 27,456 837,584 SH   DFND 2,1 40,162 0 797,422
GENERAL GROWTH PPTYS INC COM COM 370023103 156 6,000 SH   DFND 3 6,000 0 0
SELECT SECTOR SPD RTR SBI CONS DISCR 81369Y407 102,508 1,380,392 SH   DFND 3,2,1 208,341 0 1,172,051
ISHARES TR BARCLYS 7-10 YR 464287440 72 669 SH   DFND 1 669 0 0
ISHARES TR IBOXX INV CPBD 464287242 746 6,426 SH   DFND 3,2,1 6,426 0 0
SANFILIPPO JOHN B & SON INC COM 800422107 103 2,000 SH   DFND 3 2,000 0 0
* MGP INGREDIENTS INC NEW COM 55303J106 849 53,000 SH   DFND 3 53,000 0 0
ISHARES TR RUSL 2000 VALU 464287630 3,148 34,934 SH   DFND 3,2,1 34,934 0 0
ISHARES TR DJ SEL DIV INX 464287168 199 2,737 SH   DFND 1 2,737 0 0
ISHARES TR BARCLYS TIPS BD 464287176 2,074 18,737 SH   DFND 1 18,737 0 0
OSHKOSH CORP COM 688239201 872 24,000 SH   DFND 3 24,000 0 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 115,733 1,891,066 SH   DFND 3,2,1 879,879 0 1,011,187
FACTSET RESH SYS INC COM 303075105 4,054 25,370 SH   DFND 3 25,370 0 0
AVERY DENNISON CORP COM 53611109 2,574 45,500 SH   DFND 3 45,500 0 0
* SIGNATURE BK NEW YORK N Y COM COM 82669G104 6,613 48,070 SH   DFND 3 48,070 0 0
* TRAVELERS COMPANIES INC COM COM 89417E109 2,253 22,639 SH   DFND 1 0 0 22,639
TOTAL SYS SVCS INC COM 891906109 4,307 94,800 SH   DFND 3 94,800 0 0
* CONSOL ENERGY INC COM 20854P109 6 650 SH   DFND 2 650 0 0
* BRAINSTORM CELL THERAPEUTICS COM NEW 10501E201 25 10,715 SH   DFND 1 10,715 0 0
ISHARES TR COHEN&ST RLTY 464287564 4 42 SH   DFND 1 42 0 0
YUM BRANDS INC COM 988498101 300 3,747 SH   DFND 1 1,702 0 2,045
* M D C HLDGS INC COM 552676108 21 800 SH   DFND 2 800 0 0
HORMEL FOODS CORP COM 440452100 3,105 49,050 SH   DFND 3 49,050 0 0
ISHARES INC MSCI PAC J IDX 464286665 276 7,518 SH   DFND 2,1 7,518 0 0
* WATSCO INC COM COM 942622200 1,724 14,550 SH   DFND 3 14,550 0 0
ORMAT TECHNOLOGIES INC COM 686688102 49 1,453 SH   DFND 2 1,453 0 0
ORMAT TECHNOLOGIES INC COM 686688102 434 12,765 SH   DFND   12,765 0 0
CREDIT ACCEP CORP MICH COM 225310101 3,247 16,493 SH   DFND 3,2 16,493 0 0
MCKESSON CORP COM 58155Q103 10,800 58,367 SH   DFND 3,2 58,367 0 0
* SPDR GOLD TRUST GOLD SHS GOLD SHS 78463V107 1,229 11,500 SH   DFND 3 11,500 0 0
* SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 390 9,000 SH   DFND 1 0 0 9,000
LAS VEGAS SANDS CORP COM 517834107 7,392 194,682 SH   DFND 2,1 192,332 0 2,350
ISHARES MSCI EAFE ETF 464287465 2,359 41,150 SH   DFND   41,150 0 0
ISHARES INC MSCI BRAZIL CAP 464286400 291 13,242 SH   DFND 3,1 3,080 0 10,162
ISHARES TR FTSE CHINA25 IDX 464287184 17,490 493,082 SH   DFND 3,1 55,975 0 437,107
ISHARES TR S&P LTN AM 40 464287390 68 3,000 SH   DFND 1 0 0 3,000
CLIFFS NAT RES INC COM 18683K101 17 6,905 SH   DFND 1 6,905 0 0
ISHARES INC MSCI MEXICO CAP 464286822 18,014 349,371 SH   DFND 1 740 0 348,631
* ISHARES MSCI EURZONE ETF 464286608 1,944 56,622 SH   DFND 1 56,622 0 0
* WELLTOWER INC COM ADDED 95040Q104 122 1,800 SH   DFND 3 1,800 0 0
SPDR SERIES TRUST DJ REIT ETF 78464A607 4 45 SH   DFND 1 45 0 0
ISHARES TR S&P NA NAT RES 464287374 33 1,145 SH   DFND 2 1,145 0 0
ISHARES TR TRANSP AVE IDX 464287192 455 3,250 SH   DFND 1 0 0 3,250
POWERSHARES ETF TRUST WNDRHLL CLN EN 73935X500 950 231,674 SH   DFND   231,674 0 0
* RANGE RES CORP COM 75281A109 18 550 SH   DFND 2 550 0 0
TRINITY INDS INC COM 896522109 807 35,600 SH   DFND 3 35,600 0 0
DANAHER CORP DEL COM 235851102 369 4,325 SH   DFND 1 1,625 0 2,700
BORGWARNER INC COM 99724106 4,000 96,187 SH   DFND 2 96,187 0 0
WEST CORP COM 952355204 479 21,400 SH   DFND 3 21,400 0 0
ISHARES TR CORE S&P MCP ETF 464287507 4,595 33,635 SH   DFND 3,2 33,635 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 150 2,000 SH   DFND 3 2,000 0 0
* SHERWIN WILLIAMS CO COM 824348106 6,917 31,048 SH   DFND 2 31,048 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 2,022 61,110 SH   DFND 3,1 61,110 0 0
ISHARES TR S&P GBL HLTHCR 464287325 2,457 24,947 SH   DFND 3,1 11,797 0 13,150
ISHARES INC MSCI SWEDEN 464286756 23,025 793,159 SH   DFND 1 37,182 0 755,977
* ALON USA ENERGY INC COM 20520102 251 13,917 SH   DFND   13,917 0 0
ISHARES TR DJ US REAL EST 464287739 945 13,320 SH   DFND   13,320 0 0
ISHARES TR DJ US REAL EST 464287739 15,097 212,780 SH   DFND 2,1 177,605 0 35,175
HCP INC COM 40414L109 149 4,000 SH   DFND 3 4,000 0 0
CF INDS HLDGS INC COM 125269100 0 3 SH   DFND 1 3 0 0
* GALLAGHER ARTHUR J & CO COM COM 363576109 2,580 62,500 SH   DFND 3 62,500 0 0
* CBRE GROUP INC CL A CL A 12504L109 1,524 47,636 SH   DFND 1 2,978 0 44,658
RYDEX ETF TRUST GUG S&P500 EQ WT 78355W106 6,688 90,925 SH   DFND 3,2 90,925 0 0
* KELLOGG CO COM 487836108 5 77 SH   DFND 2 77 0 0
ISHARES TR CORE TOTUSBD ETF 464287226 68 621 SH   DFND 1 621 0 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769 215 2,176 SH   DFND 3,1 2,176 0 0
VANGUARD INTLE QUITY INDEX F MSCIP AC ETF 922042866 68 1,269 SH   DFND 2,1 1,269 0 0
VANGUARD INTLE QUITY INDEX F MSCI EUROPE ETF 922042874 6,089 123,817 SH   DFND   123,817 0 0
VANGUARD INTLE QUITY INDEX F MSCI EUROPE ETF 922042874 135,013 2,745,288 SH   DFND 2,1 799,904 0 1,945,384
GRAINGER W W INC COM 384802104 65 300 SH   DFND 3 300 0 0
* ISHARES TR RUSSELL 3000 ETF 464287689 25 218 SH   DFND 1 218 0 0
ISHARES INC MSCI SWITZ CAPP 464286749 60,491 1,977,489 SH   DFND 2,1 193,390 0 1,784,099
POWERSHARES ETF TRUST WATER RESOURCE 73935X575 144 7,000 SH   DFND 2 7,000 0 0
* DELEK US HLDGS INC COM 246647101 464 16,762 SH   DFND   16,762 0 0
* ISHARES U.S. BR-DEAL ETF 464288794 1,000 25,957 SH   DFND 1 0 0 25,957
ISHARES TR DJ OIL EQUIP 464288844 18,701 514,059 SH   DFND 1 2,447 0 511,612
CHEVRON CORP NEW COM 166764100 4,898 62,100 SH   DFND 3 62,100 0 0
VERINT SYS INC COM 92343X100 101 3,000 SH   DFND 3 3,000 0 0
VERINT SYS INC COM 92343X100 644 19,143 SH   DFND   19,143 0 0
ISHARES TR CORE S&P SCP ETF 464287804 107 1,000 SH   DFND 3 1,000 0 0
* UNITED RENTALS INC COM 911363109 33 554 SH   DFND 2 554 0 0
* PAYPAL HLDGS INC COM ADDED 70450Y103 12,383 398,926 SH   DFND 3,2,1 358,956 0 39,970
NVR INC COM 62944T105 6,101 4,000 SH   DFND 3 4,000 0 0
ROSS STORES INC COM 778296103 2,030 41,880 SH   DFND 3 41,880 0 0
ISHARES INC MSCI FRANCE 464286707 27,026 1,122,788 SH   DFND 2,1 244,550 0 878,238
ISHARES INC MSCI AUSTRIALIA 464286103 30,307 1,691,243 SH   DFND 1 69,898 0 1,621,345
KIMCO RLTY CORP COM 49446R109 156 6,400 SH   DFND 3 6,400 0 0
SELECT SECTO RSPDR TR SBI INT-INDS 81369Y704 59,128 1,185,170 SH   DFND 1 1,993 0 1,183,177
ISHARES TR S&P EURO PLUS 464287861 29,572 743,013 SH   DFND 1 43,138 0 699,875
ISHARES TR CORE S&P500 ETF 464287200 32 166 SH   DFND 2 166 0 0
DILLARDS INC CL A 254067101 1,276 14,600 SH   DFND 3 14,600 0 0
ISHARES INC MSCI CDA INDEX 464286509 11,844 514,964 SH   DFND 1 16,387 0 498,577
CHEESECAKE FACTORY INC COM 163072101 2,077 38,500 SH   DFND 3 38,500 0 0
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 492 1,977 SH   DFND   1,977 0 0
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 4,318 17,350 SH   DFND 2 17,350 0 0
CAMDEN PPTY TR SH BEN INT 133131102 148 2,000 SH   DFND 3 2,000 0 0
MACERICH CO COM 554382101 154 2,000 SH   DFND 3 2,000 0 0
SENIOR HSG PPTYS TR SH BEN INT 81721M109 146 9,000 SH   DFND 3 9,000 0 0
WISDOMTREE TRUST INDIA ERNGS FD 97717W422 1,244 62,459 SH   DFND 2,1 7,449 0 55,010
FIRST TR FTSE EPRA/NAREIT DE COM 33736N101 13 314 SH   DFND 1 314 0 0
ISHARES TR BARCLYS CR BD 464288620 614 5,663 SH   DFND   5,663 0 0
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 3,289 41,256 SH   DFND 1 41,256 0 0
BAKER HUGHES INC COM 57224107 1,238 23,792 SH   DFND 2,1 23,792 0 0
* AQUA AMERICA INC COM COM 03836W103 1,826 69,000 SH   DFND 3 69,000 0 0
ISHARES TR RUSSELL 1000 464287622 91 850 SH   DFND 2 850 0 0
MARKEL CORP COM 570535104 22 27 SH   DFND 2 27 0 0
SPDR INDEX SHS FDS EURO STOXX 50 78463X202 9 254 SH   DFND 2 254 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 123 10,000 SH   DFND 3 10,000 0 0
TJX COS INC NEW COM 872540109 9,854 137,974 SH   DFND 3,2 137,974 0 0
SYNTEL INC COM 87162H103 281 6,200 SH   DFND 3 6,200 0 0
POWERSHARES DB CMDTY IDX TRA UNIT BEN INT 73935S105 16 1,054 SH   DFND 1 1,054 0 0
THOR INDS INC COM 885160101 1,020 19,700 SH   DFND 3 19,700 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 57 1,235 SH   DFND 2,1 1,235 0 0
* POLARIS INDS INC COM 731068102 5,719 47,714 SH   DFND 2 47,714 0 0
HOST HOTELS & RESORTS INC COM 44107P104 126 8,000 SH   DFND 3 8,000 0 0
* V F CORP COM 918204108 5,866 85,995 SH   DFND 2 85,995 0 0
SPDR SERIES TRUST S&P INS ETF 78464A789 709 10,500 SH   DFND 1 0 0 10,500
PAPA JOHNS INTL INC COM 698813102 479 7,000 SH   DFND 3 7,000 0 0
VANGUARD INDEX FDS SMALL CP ETF 922908751 28 263 SH   DFND 1 263 0 0
SPDR SERIES TRUST S&P DIVID ETF 78464A763 1,149 15,929 SH   DFND 2 15,929 0 0
VANGUARD INDEX FDS REIT ETF 922908553 83 1,100 SH   DFND 3 1,100 0 0
SPDR SERIES TRUST S&P BK ETF 78464A797 42,836 1,288,694 SH   DFND 1 46,841 0 1,241,853
BOSTON PROPERTIES INC COM 101121101 142 1,200 SH   DFND 3 1,200 0 0
MASTERCARD INC CL A 57636Q104 2,530 28,079 SH   DFND 3,1 19,998 0 8,081
* POWERSHARES ETF TRUST DYN MEDIA PORT 73935X823 671 28,023 SH   DFND 2 28,023 0 0
WISDOMTREE TR EUROPE SMCP DV 97717W869 269 5,000 SH   DFND 3 5,000 0 0
EXCO RESOURCES INC COM 269279402 20 26,250 SH   DFND 1 0 0 26,250
VANGUARD SPECIALIZED PORTFOL DIV APP ETF 921908844 1,206 16,355 SH   DFND 2,1 16,355 0 0
PUBLICS TORAGE COM 74460D109 74 350 SH   DFND 3 350 0 0
ISHARES TR DJ HOME CONSTN 464288752 1,489 57,057 SH   DFND 2,1 57,057 0 0
SPDR SERIES TRUST S&P HOMEBUILD 78464A888 55,836 1,631,213 SH   DFND 1 42,807 0 1,588,406
POWERSHARES ETF TRUST DYN FD & BEV 73935X849 863 27,409 SH   DFND 2 27,409 0 0
BIOMED REALTY TRUST INC COM 09063H107 140 7,000 SH   DFND 3 7,000 0 0
POWERSHARES ETF TRUST DYNA BUYBK ACH 73935X286 970 22,145 SH   DFND   22,145 0 0
* VANGUARD WORLD FDS INF TECH ETF 92204A702 392 3,920 SH   DFND 1 3,920 0 0
PENNSYLVANIA RL ESTATE INVT SH BEN INT 709102107 139 7,000 SH   DFND 3 7,000 0 0
WISDOMTREE TRUST JAPN HEDGE EQT 97717W851 1,896 38,960 SH   DFND   38,960 0 0
WISDOMTREE TRUST JAPN HEDGE EQT 97717W851 118,217 2,429,439 SH   DFND 3,2,1 321,617 0 2,107,822
PROTALIXB IOTHERAPEUTICS INC COM 74365A101 26 22,050 SH   DFND 1 22,050 0 0
PROTALIXB IOTHERAPEUTICS INC COM 74365A101 77 65,047 SH   DFND   65,047 0 0
ISHARES GLB CNS DISC ETF 464288745 282 3,300 SH   DFND 3 3,300 0 0
RYDEX ETF TRUST GUG S&P500EQWTTE 78355W817 996 11,700 SH   DFND 3,1 4,200 0 7,500
* MARKET VECTORS ETF TR RUSSIA ETF 57060U506 314 20,000 SH   DFND 3 20,000 0 0
ISHARES TR HIGH YLD CORP 464288513 579 6,952 SH   DFND 3,1 6,952 0 0
SPDR INDEX SHS FDS S&P CHINA ETF 78463X400 36,246 525,683 SH   DFND 1 20,625 0 505,058
ISHARES TR BARCLYS 1-3YR CR 464288646 107 1,018 SH   DFND 1 1,018 0 0
ISHARES TR BARCLYS 3-7 YR 464288661 2,316 18,584 SH   DFND 1 18,584 0 0
INLAND REAL ESTATE CORP COM NEW 457461200 130 16,000 SH   DFND 3 16,000 0 0
SPDR SERIES TRUST S&P REGL BKG 78464A698 3,641 88,418 SH   DFND 1 6,080 0 82,338
WISDOMTREE TR EMG MKTS SMCAP 97717W281 207 5,800 SH   DFND 1 0 0 5,800
SPDR SERIES TRUST S&P RETAIL ETF 78464A714 12,709 286,102 SH   DFND 2 286,102 0 0
LIBERTY PPTY TR SH BEN INT 531172104 126 4,000 SH   DFND 3 4,000 0 0
ISHARES INC MSCI NETHR INVES 464286814 138 5,884 SH   DFND 2 5,884 0 0
SPDR INDEX SHS FDS EMERG MKTS ETF 78463X509 446 8,500 SH   DFND 3 8,500 0 0
PHILIP MORRIS INTL INC COM 718172109 28 350 SH   DFND 3 350 0 0
SPDR SERIES TRUST BRC HGH YLD BD 78464A417 369 10,343 SH   DFND 3,1 10,343 0 0
DR PEPPER SNAPPLE GROUP INC COM 26138E109 791 10,000 SH   DFND 3 10,000 0 0
CREDIT SUISSE HIGH YLD BND F SH BEN INT 22544F103 19 8,428 SH   DFND 1 8,428 0 0
* BROADWIND ENERGY INC COM NEW 11161T207 40 19,531 SH   DFND 1 19,531 0 0
ISHARES TR MSCI ACWI INDX 464288257 11 200 SH   DFND   200 0 0
ISHARES TR MSCI ACWI INDX 464288257 291 5,389 SH   DFND 3,1 5,141 0 248
* VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF 922042742 28 500 SH   DFND 3 500 0 0
* BIODEL INC COM NEW 09064M204 31 71,000 SH   DFND 1 71,000 0 0
ISHARES TR JPMORGAN USD 464288281 514 4,835 SH   DFND 3,1 4,835 0 0
ISHARES TR MSCI ACJPN IDX 464288182 74,641 1,414,994 SH   DFND 2,1 445,946 0 969,048
VENTAS INC COM 92276F100 123 2,200 SH   DFND 3 2,200 0 0
HOME PROPERTIES INC COM 437306103 112 1,500 SH   DFND 3 1,500 0 0
SPDR INDEX SHS FDS DJ GLB RL ES ETF 78463X749 68 1,500 SH   DFND 3 1,500 0 0
* BARCLAYS BK PLC IPATH S&P500 VIX 06742E711 23 888 SH   DFND 2 888 0 0
SPDR SERIES TRUST INTR TRM CORP BD 78464A375 476 14,032 SH   DFND 1 14,032 0 0
* FIRST TR ISE REVERE NAT GAS COM 33734J102 73 13,000 SH   DFND 1 0 0 13,000
AMERICAN CAPITAL AGENCY CORP COM 02503X105 112 6,000 SH   DFND 3 6,000 0 0
FRANKLIN STREET PPTYS CORP COM 35471R106 151 14,000 SH   DFND 3 14,000 0 0
GLOBALXFDS CHINA CONS ETF 37950E408 8,739 727,658 SH   DFND 1 24,064 0 703,594
* ISHARES INTERM CR BD ETF 464288638 309 2,846 SH   DFND 1 2,846 0 0
ISHARES INDIA 50 ETF 464289529 19,340 693,188 SH   DFND 2 693,188 0 0
* PROSHARES TR ULTRAPRO SH NW14 74348A418 152 5,788 SH   DFND 1 5,788 0 0
INVESCO MORTGAGE CAPITAL INC COM 46131B100 73 6,000 SH   DFND 3 6,000 0 0
LEAR CORP COM NEW 521865204 1,447 13,300 SH   DFND 3 13,300 0 0
* SPDR SERIES TRUST S&P PHARMAC 78464A722 10,078 214,781 SH   DFND 1 12,485 0 202,296
RYDEX ETF TRUST GUG S&P500EQWTHC 78355W841 337 2,400 SH   DFND 3 2,400 0 0
* FIRST TR EXCHANGE TRADED FD DJ INTERNT IDX 33733E302 680 10,285 SH   DFND   10,285 0 0
VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206C870 2,420 28,323 SH   DFND 1 28,323 0 0
EGA EMERGING GLOBAL SHS TR EGS EMKTCONS ETF 268461779 14,161 651,999 SH   DFND 2,1 274,660 0 377,339
CRAWFORD & CO CL B 224633107 28 5,000 SH   DFND 3 5,000 0 0
WELLS FARGO & CO NEW *W EXP 10/28/201 949746119 18 1,000 SH   DFND 2 1,000 0 0
JPMORGAN CHASE & CO *W EXP 10/28/201 46634E114 20 1,000 SH   DFND 2 1,000 0 0
GENERAL MTRS CO COM 37045V100 10,203 339,869 SH   DFND 2,1 335,369 0 4,500
* IMPERVA INC COM 45321L100 600 9,168 SH   DFND   9,168 0 0
SEVENTY SEVEN ENERGY INC COM ADDED 818097107 0 357 SH   DFND 1 0 0 357
PIMCO ETF TR TOTL RETN ETF 72201R775 2,233 21,173 SH   DFND 1 21,173 0 0
* MEDGENICS INC COM NEW 58436Q203 134 17,130 SH   DFND   17,130 0 0
ISHARES EM MK MINVOL ETF 464286533 872 17,505 SH   DFND 1 17,505 0 0
* POWERSHARES ETF TR II KBW BK PORT 73937B746 25,886 719,865 SH   DFND 2 719,865 0 0
ISHARES TR CHINA ETF 46429B671 37 850 SH   DFND 3 850 0 0
REDHILL BIOPHARMA LTD SPONSORED ADS SPONSORED ADS 757468103 106 8,231 SH   DFND   8,231 0 0
ABBVIE INC COM 00287Y109 6,228 114,456 SH   DFND 2 114,456 0 0
SCHWAB STRATEGIC TR US REIT ETF 808524847 595 16,000 SH   DFND 3 16,000 0 0
ISHARES MSCI WORLD ETF 464286392 3,761 56,330 SH   DFND   56,330 0 0
ISHARES TR MSCI INDIA ETF ADDED 46429B598 14,316 501,086 SH   DFND 2,1 36,326 0 464,760
VARONIS SYS INC COM 922280102 101 6,483 SH   DFND   6,483 0 0
SPDR SER TR S&P1500MOMTILT 78468R705 180 2,193 SH   DFND   2,193 0 0
POWERSHARES ETF TR II PWRS INT BUYBK 73937B621 100 4,000 SH   DFND 3 4,000 0 0
* MARKET VECTORS ETF TR ISRAEL ETF 57061R676 946 32,785 SH   DFND   32,785 0 0
* FACTORSHARES TR ISE CYBER SEC 30304R407 11 434 SH   DFND 1 434 0 0
CALIFORNIA RES CORP COM ADDED 13057Q107 8 2,950 SH   DFND 1 0 0 2,950
* CHEMOURS CO COM 163851108 6 1,000 SH   DFND 2 1,000 0 0
ISHARES MSCI EURO FL ETF 464289180 6,649 323,860 SH   DFND 1 0 0 323,860
VANGUARD INTL EQUITY INDEX F GLB EX US ETF 922042676 270 5,300 SH   DFND 3 5,300 0 0
POWERSHARES ETF TR II S&P SMCP IT PO 73937B860 582 12,000 SH   DFND 3 12,000 0 0
ISHARES TR MSCI POL CAP ETF 46429B606 250 12,000 SH   DFND 3 12,000 0 0
WISDOMTREE TR EUROPE HEDGED EQ 97717X701 101,541 1,858,020 SH   DFND 3,2,1 1,417,009 0 441,011
SPDR SERIES TRUST BRCLY INTL CRP 78464A151 182 5,800 SH   DFND 3 5,800 0 0
SPDR SERIES TRUST LNG TRM CORP BD 78464A367 51 1,327 SH   DFND 1 1,327 0 0
SCHWAB STRATEGIC TR US LRG CAP ETF 808524201 142 3,104 SH   DFND 2 3,104 0 0
ISHARES TR BRC 0-5 YR TIP 46429B747 541 5,445 SH   DFND 1 5,445 0 0
VANGUARD WORLD FDS CONSUM DIS ETF 92204A108 365 3,100 SH   DFND 3 3,100 0 0
* VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 3,094 17,609 SH   DFND 3,2,1 6,570 0 11,039
AMERICAN INTL GROUP INC *W EXP 01/19/202 26874156 16 692 SH   DFND 2 692 0 0
MARKET VECTORS ETF TR OIL SVCS ETF 57060U191 1,448 52,700 SH   DFND 2 52,700 0 0
MARKET VECTORS ETF TR PHARMACEUTICAL 57060U217 843 13,395 SH   DFND 3,1 13,395 0 0
FACEBOOK INC CL A 30303M102 9,129 101,544 SH   DFND 2,1 101,544 0 0
* WESCO AIRCRAFT HLDGS INC COM 950814103 16 1,300 SH   DFND 2 1,300 0 0
FIRST TR EXCHANGE TRADED FD NASD TECH DIV 33738R118 533 22,000 SH   DFND 3 22,000 0 0