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 54 1,000 SH   DFND   1,000 0 0
* TEVA PHARMACEUTICAL INDS LTD ADR 881624209 31,420 587,185 SH   DFND 3,2,1 587,185 0 0
* NICE SYS LTD SPONSORED ADR 653656108 10,583 163,349 SH   DFND 3,2,1 162,149 0 1,200
* DSP GROUP INC COM 23332B106 51 5,555 SH   DFND 1 5,555 0 0
* DSP GROUP INC COM 23332B106 73 7,971 SH   DFND   7,971 0 0
ABBOTT LABS COM 2824100 29 700 SH   DFND 3 700 0 0
BOEING CO COM 97023105 9,415 74,172 SH   DFND 2,1 53,707 0 20,465
PROLOGIS INC COM 74340W103 133 3,000 SH   DFND 3 3,000 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 320 2,111 SH   DFND 3,2 2,111 0 0
AETNA INC NEW COM 00817Y108 3,826 34,057 SH   DFND 1 15,568 0 18,489
* LAUDER ESTEE COS INC CL A 518439104 6,894 73,102 SH   DFND 2 73,102 0 0
JOHNSON & JOHNSON COM 478160104 1,256 11,605 SH   DFND 3,2,1 8,605 0 3,000
NEWMONT MINING CORP COM 651639106 29 1,100 SH   DFND 3 1,100 0 0
* YAHOO INC COM 984332106 106 2,880 SH   DFND 3,2 2,880 0 0
* TIME WARNER INC COM NEW 887317303 6,450 88,904 SH   DFND 2 88,904 0 0
WELLS FARGO&CO NEW COM 949746101 5,648 116,790 SH   DFND 3,1 112,290 0 4,500
PFIZER INC COM 717081103 7,234 244,066 SH   DFND 3,1 71,929 0 172,137
OCCIDENTAL PETE CORP DEL COM 674599105 4,617 67,471 SH   DFND 1 11,251 0 56,220
* RAYTHEON CO COM NEW 755111507 9 72 SH   DFND 2 72 0 0
ORACLE CORP COM 68389X105 5,627 137,556 SH   DFND 3,1 39,713 0 97,843
SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 21,716 122,938 SH   DFND 1 0 0 122,938
* ALCOA INC COM 13817101 10 1,000 SH   DFND 2 1,000 0 0
* DISNEY WALT CO COM DISNEY 254687106 8,074 81,303 SH   DFND 2 81,303 0 0
PEPSICO INC COM 713448108 7,437 72,568 SH   DFND 3,1 25,924 0 46,644
CISCO SYS INC COM 17275R102 9,590 336,839 SH   DFND 3,1 138,371 0 198,468
CITIGROUP INC COM NEW 172967424 9,263 221,867 SH   DFND 2,1 194,976 0 26,891
APPLE INC COM 37833100 7,213 66,184 SH   DFND 3,2,1 16,684 0 49,500
* MERCK & CO INC NEW COM 58933Y105 2,788 52,686 SH   DFND 2,1 16,828 0 35,858
TARGET CORP COM 87612E106 1,070 13,006 SH   DFND 3 13,006 0 0
FIRST AMERN FINL CORP COM 31847R102 21 550 SH   DFND 2 550 0 0
INTEL CORP COM 458140100 26 800 SH   DFND 3 800 0 0
AMGEN INC COM 31162100 4,623 30,832 SH   DFND 3,2 30,832 0 0
XEROX CORP COM 984121103 670 60,000 SH   DFND 3 60,000 0 0
AMERICAN INTL GROUP INC COM NEW 26874784 786 14,534 SH   DFND 3,2,1 5,197 0 9,337
CATERPILLAR INC DEL COM 149123101 4 49 SH   DFND 2,1 49 0 0
* AT&T INC COM 00206R102 588 15,004 SH   DFND 3,1 15,004 0 0
GENERAL ELECTRIC CO COM 369604103 900 28,303 SH   DFND 2,1 28,303 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 19 300 SH   DFND 2 300 0 0
NIKE INC CL B 654106103 154 2,504 SH   DFND 3,2 2,504 0 0
D R HORTON INC COM 23331A109 786 26,000 SH   DFND 3 26,000 0 0
AMERICAN EXPRESS CO COM 25816109 4,828 78,635 SH   DFND 3,1 23,321 0 55,314
EBAYINC COM 278642103 385 16,147 SH   DFND 1 16,147 0 0
ISHARES MSCI HONG KG ETF 464286871 4 219 SH   DFND 2 219 0 0
ISHARES INC MSCI SINGAPORE 464286673 413 38,021 SH   DFND 1 0 0 38,021
* PARTNER COMMUNICATIONS CO LT ADR 70211M109 584 125,252 SH   DFND 2 125,252 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 72,262 1,628,987 SH   DFND 2,1 358,804 0 1,270,183
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 883 16,650 SH   DFND   16,650 0 0
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 45,565 858,742 SH   DFND 2,1 276,718 0 582,024
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 182 2,686 SH   DFND   2,686 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 83,542 1,232,550 SH   DFND 2,1 596,689 0 635,861
* MATTEL INC COM 577081102 6 186 SH   DFND 2 186 0 0
E M C CORP MASS COM 268648102 1,825 68,472 SH   DFND 1 850 0 67,622
LOCKHEE DMARTIN CORP COM 539830109 14 61 SH   DFND 2 61 0 0
ARROW ELECTRS INC COM 42735100 2,003 31,100 SH   DFND 3 31,100 0 0
* GILDAN ACTIVEWEAR INC COM 375558103 17,005 185,124 SH   DFND 3,2,1 181,390 0 3,734
* EASTMAN CHEM CO COM 277432100 16 218 SH   DFND 2 218 0 0
CA INC COM 12673P105 5 148 SH   DFND 1 148 0 0
OPKO HEALTH INC COM 68375N103 582 56,052 SH   DFND   56,052 0 0
PROCTER &GAMBLE CO COM 742718109 517 6,284 SH   DFND 2,1 62 0 6,222
PRICELINE COM INC COM NEW 741503403 20,898 16,213 SH   DFND 3,2,1 14,823 0 1,390
EXXON MOBIL CORP COM 30231G102 598 7,150 SH   DFND 3 7,150 0 0
COCA COLA CO COM 191216100 1,464 31,555 SH   DFND 3,1 12,805 0 18,750
* STARBUCKS CORP COM 855244109 6,724 112,638 SH   DFND 3,2 112,638 0 0
* TESORO CORP COM 881609101 1,788 20,784 SH   DFND 1 9,000 0 11,784
QUALCOMM INC COM 747525103 5,270 103,045 SH   DFND 2 103,045 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 423 18,820 SH   DFND   18,820 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 93,878 4,172,359 SH   DFND 3,2,1 1,479,796 0 2,692,563
DUN & BRADSTREET CORP DEL NE COM 26483E100 1,098 10,650 SH   DFND 3,2 10,650 0 0
COMMONWEALTH REIT COM SH BEN INT 294628102 141 5,000 SH   DFND 3 5,000 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 1,327 12,150 SH   DFND   12,150 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 65,091 596,068 SH   DFND 2,1 280,691 0 315,377
STAPLES INC COM 855030102 49 4,400 SH   DFND 1 0 0 4,400
* FEDEX CORP COM 31428X106 6,827 41,954 SH   DFND 2,1 41,954 0 0
* GENERAL DYNAMICS CORP COM 369550108 47 356 SH   DFND 2,1 356 0 0
* GOLDMAN SACHS GROUP INC COM COM 38141G104 18 115 SH   DFND 2 115 0 0
* ALEXION PHARMACEUTICALS INC COM 15351109 4 28 SH   DFND 2 28 0 0
UNION PAC CORP COM 907818108 16,255 204,331 SH   DFND 2,1 161,603 0 42,728
BECTON DICKINSON & CO COM 75887109 395 2,600 SH   DFND 3 2,600 0 0
HONEYWELL INTL INC COM 438516106 898 8,015 SH   DFND 3 8,015 0 0
ISHARES INC MSCI JAPAN 464286848 716 62,743 SH   DFND   62,743 0 0
ISHARES INC MSCI JAPAN 464286848 69,124 6,058,199 SH   DFND 3,2,1 623,596 0 5,434,603
CELGENE CORP COM 151020104 8,514 85,062 SH   DFND 3,2,1 63,444 0 21,618
AVNET INC COM 53807103 1,825 41,200 SH   DFND 3 41,200 0 0
AMERISOURCEBERGEN CORP COM 03073E105 1,347 15,568 SH   DFND 3,, 1 11,580 0 3,988
* NOBLE ENERGY INC COM 655044105 227 7,235 SH   DFND 2,1 7,235 0 0
* GERON CORP COM 374163103 1 200 SH   DFND 1 200 0 0
CVS CAREMARK CORPORATION COM 126650100 5,549 53,490 SH   DFND 1 14,904 0 38,586
* BIOGEN IDEC INC COM COM 09062X103 8,623 33,123 SH   DFND 3,2 33,123 0 0
JPMORGAN CHASE & CO COM 46625H100 7,062 119,244 SH   DFND 3,, 1 39,394 0 79,850
ISHARES INC MSCI GERMAN 464286806 3,532 137,269 SH   DFND 2,1 131,579 0 5,690
* QUINTILES TRANSNATIO HLDGS I COM 74876Y101 5,646 86,722 SH   DFND 2 86,722 0 0
ANADARKO PETE CORP COM 32511107 16 335 SH   DFND 2 335 0 0
DOLLAR TREE INC COM 256746108 936 11,350 SH   DFND 3 11,350 0 0
* INTUIT COM 461202103 9 85 SH   DFND 3 85 0 0
VISA INC COM CL A 92826C839 13,430 175,605 SH   DFND 3,2 175,605 0 0
* COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 11,598 184,980 SH   DFND 3,2 184,980 0 0
COLGATE PALMOLIVE CO COM 194162103 921 13,041 SH   DFND 3,, 1 13,041 0 0
LIVEPERSON INC COM 538146101 38 6,550 SH   DFND 2 6,550 0 0
LIVEPERSON INC COM 538146101 90 15,356 SH   DFND   15,356 0 0
* UNITED TECHNOLOGIES CORP COM 913017109 9 86 SH   DFND 2 86 0 0
MCDONALDS CORP COM 580135101 1,315 10,461 SH   DFND 3,, 1 10,461 0 0
SPDR S&P 500ETF TR TR UNIT 78462F103 1 4 SH   DFND   4 0 0
SPDR S&P 500ETF TR TR UNIT 78462F103 105,744 514,518 SH   DFND 3,2,1 397,812 0 116,706
ISHARES INC MSCI UTD KINGO 46434V548 29,929 1,908,733 SH   DFND 1 108,262 0 1,800,471
HOSPITALITY PPTYS TR COM SH BEN INT 44106M102 133 5,000 SH   DFND 3 5,000 0 0
* LOWES COS INC COM COM 548661107 9,502 125,437 SH   DFND 2,1 92,016 0 33,421
COSTCO WHSL CORP NEW COM 22160K105 3,329 21,124 SH   DFND 1 9,263 0 11,861
BED BATH & BEYOND INC COM 75896100 1,040 20,945 SH   DFND 3,1 20,945 0 0
BANK OF AMERICA CORPORATION COM 60505104 11,438 846,011 SH   DFND 2,1 593,611 0 252,400
* US BANCORP DEL COM NEW 902973304 3,694 91,000 SH   DFND 3 91,000 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 84670702 364 2,565 SH   DFND 2,1 165 0 2,400
LENNAR CORP CL A 526057104 4,962 102,601 SH   DFND 3,1 19,355 0 83,246
VORNADO RLTY TR SH BEN INT 929042109 113 1,200 SH   DFND 3 1,200 0 0
NATIONAL RETAIL PPTYS INC COM 637417106 139 3,000 SH   DFND 3 3,000 0 0
WELLCARE HEALTH PLANS INC COM 94946T106 1,234 13,300 SH   DFND 3 13,300 0 0
ISHARES INC MSCI ITALY 464286855 25,219 2,067,091 SH   DFND 3,2,1 141,727 0 1,925,364
MANPOWERGROUP INC COM 56418H100 9 108 SH   DFND 2 108 0 0
* MONDELEZ INTL INC CL A 609207105 6 143 SH   DFND 2 143 0 0
* MARRIOTT INTL INC NEW CL A 571903202 6,864 96,434 SH   DFND 2 96,434 0 0
ISHARES MSCI SPAN CP ETF 464286764 22,383 823,524 SH   DFND 1 23,169 0 800,355
ISHARES TR RUSSELL 2000 464287655 10,306 93,157 SH   DFND 1 6,641 0 86,516
* FREEPORT-MCMORAN INC CL B 35671D857 2 213 SH   DFND 2 213 0 0
* NORTHROP GRUMMAN CORP COM 666807102 9 47 SH   DFND 2 47 0 0
* EXPRESS SCRIPTS HLDG CO COM 30219G108 9,081 132,201 SH   DFND 3,2,1 119,406 0 12,795
HALLIBURTON CO COM 406216101 306 8,553 SH   DFND 1 0 0 8,553
AMERISOURCEBERGEN CORP COM 03073E105 2,203 25,452 SH   DFND 1 0 0 25,452
ANTHEM INC COM ADDED 36752103 796 5,730 SH   DFND 3 5,730 0 0
ISHARES TR HDG MSCI GERMN 46434V704 748 32,500 SH   DFND 3 32,500 0 0
AGROFRESH SOLUTIONS *W EXP 07/31/202 ADDED 00856G117 3 3,300 SH   DFND 1 3,300 0 0
ISHARES TR 0-5YR INVT GR CP 46434V100 620 12,283 SH   DFND 1 12,283 0 0
* SECOND SIGHT MED PRODS INC COM 81362J100 229 47,484 SH   DFND 1 47,484 0 0
WISDOMTREE TR EUR HDG SMLCAP 97717X552 2,462 102,970 SH   DFND 3 102,970 0 0
WISDOMTREE TR GERMANY HEDEQ FD 97717W448 2,215 87,152 SH   DFND 2,1 87,152 0 0
* LENDINGCLUB CORP COM 52603A109 75 9,000 SH   DFND 1 0 0 9,000
* DBX ETF TR DB XTR MSCI EUR 233051853 1,630 66,060 SH   DFND 1 66,060 0 0
* GLOBAL NET LEASE INC COM 379378102 120 14,000 SH   DFND 1 0 0 14,000
FIDELITY CONSMR STAPLES 316092303 475 15,000 SH   DFND 3 15,000 0 0
* SOLAREDGE TECHNOLOGIES INC COM 83417M104 124 4,943 SH   DFND   4,943 0 0
CHIASMA INC COM 16706W102 30 3,259 SH   DFND   3,259 0 0
CELGENE CORP COM 151020104 24 241 SH   DFND 1 241 0 0
MARKET VECTORS ETF TR EM LC CURR DBT 57060U522 4,102 220,658 SH   DFND 3 220,658 0 0
* CEVA INC COM 157210105 117 5,214 SH   DFND   5,214 0 0
COMCAST CORP NEW CL A 20030N101 2,061 33,736 SH   DFND 3,1 33,736 0 0
ANNALY CAP MGMT INC COM 35710409 92 9,000 SH   DFND 3 9,000 0 0
AUTO ZONE INC COM 53332102 6,258 7,855 SH   DFND 3 7,855 0 0
ISHARES TR DJ US TELECOMM 464287713 1,453 47,288 SH   DFND 2,1 2,700 0 44,588
ISHARES INC MSCI STH KOR CAP 464286772 11,006 208,362 SH   DFND 3,2,1 9,798 0 198,564
PLURISTEM THERAPEUTICS INC COM 72940R102 60 37,348 SH   DFND 2 37,348 0 0
PLURISTEM THERAPEUTICS INC COM 72940R102 82 50,639 SH   DFND   50,639 0 0
* DEVON ENERGY CORP NEW COM 25179M103 82 3,000 SH   DFND 1 0 0 3,000
* NAUTILUS INC COM COM 63910B102 1,063 55,000 SH   DFND 3 55,000 0 0
DELUXE CORP COM 248019101 1,706 27,300 SH   DFND 3 27,300 0 0
* STERICYCLE INC COM 858912108 5,162 40,905 SH   DFND 2 40,905 0 0
ISHARES TR RUSL 2000 GROW 464287648 8 61 SH   DFND 2 61 0 0
SPECTRUM PHARMACEUTICALS INC COM 84763A108 190 29,886 SH   DFND 1 29,886 0 0
* ISHARES MSCI TAIWAN ETF 464286731 1 80 SH   DFND 1 0 0 80
SIMON PPTY GROUP INC NEW COM 828806109 145 700 SH   DFND 3 700 0 0
ISHARES TR MSCI EMERG MKT 464287234 2,940 85,825 SH   DFND   85,825 0 0
ISHARES TR MSCI EMERG MKT 464287234 5,173 151,044 SH   DFND 2,1 34,752 0 116,292
GENERAL GROWTH PPTYS INC COM COM 370023103 134 4,500 SH   DFND 3 4,500 0 0
SELECT SECTOR SPD RTR SBI CONS DISCR 81369Y407 26,377 333,460 SH   DFND 3,2,1 179,481 0 153,979
ISHARES TR BARCLYS 7-10 YR 464287440 18 165 SH   DFND 1 165 0 0
ISHARES TR IBOXX INV CPBD 464287242 167 1,404 SH   DFND 2,1 1,404 0 0
SANFILIPPO JOHN B & SON INC COM 800422107 345 5,000 SH   DFND 3 5,000 0 0
* MGP INGREDIENTS INC NEW COM 55303J106 1,110 45,800 SH   DFND 3 45,800 0 0
ISHARES TR RUSL 2000 VALU 464287630 373 4,000 SH   DFND 3 4,000 0 0
ISHARES TR DJ SEL DIV INX 464287168 116 1,418 SH   DFND 1 1,418 0 0
ISHARES TR BARCLYS TIPS BD 464287176 1,565 13,655 SH   DFND 1 13,655 0 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 422 6,826 SH   DFND   6,826 0 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 67,717 1,094,143 SH   DFND 3,2,1 883,200 0 210,943
FACTSET RESH SYS INC COM 303075105 5,413 35,720 SH   DFND 3 35,720 0 0
AVERY DENNISON CORP COM 53611109 1,958 27,150 SH   DFND 3 27,150 0 0
* SIGNATURE BK NEW YORK N Y COM COM 82669G104 5,935 43,600 SH   DFND 3 43,600 0 0
* TRAVELERS COMPANIES INC COM COM 89417E109 3,710 31,788 SH   DFND 1 6,612 0 25,176
TOTAL SYS SVCS INC COM 891906109 5,917 124,350 SH   DFND 3 124,350 0 0
* CONSOL ENERGY INC COM 20854P109 14 1,200 SH   DFND 2 1,200 0 0
* BRAINSTORM CELL THERAPEUTICS COM NEW 10501E201 61 22,715 SH   DFND 1 22,715 0 0
ISHARES TR COHEN&ST RLTY 464287564 4 42 SH   DFND 1 42 0 0
YUM BRANDS INC COM 988498101 175 2,139 SH   DFND 1 94 0 2,045
* M D C HLDGS INC COM 552676108 20 800 SH   DFND 2 800 0 0
UBS AG JERSEY BRH CMCI ETN 38 902641778 2 201 SH   DFND 1 201 0 0
* APOLLO INVT CORP COM 03761U106 2 400 SH   DFND 1 400 0 0
* ALPHABET INC CAP STK CL A ADDED 02079K305 8,223 10,779 SH   DFND 3,2,1 7,183 0 3,596
HORMEL FOODS CORP COM 440452100 4,129 95,500 SH   DFND 3 95,500 0 0
ISHARES INC MSCI PAC J IDX 464286665 479 12,203 SH   DFND 2,1 7,632 0 4,571
* WATSCO INC COM COM 942622200 236 1,750 SH   DFND 3 1,750 0 0
* PNC FINL SVCS GROUP INC COM 693475105 3,670 43,400 SH   DFND 3 43,400 0 0
ORMAT TECHNOLOGIES INC COM 686688102 58 1,408 SH   DFND 2 1,408 0 0
ORMAT TECHNOLOGIES INC COM 686688102 297 7,199 SH   DFND   7,199 0 0
MCKESSON CORP COM 58155Q103 9,189 58,435 SH   DFND 3,2 58,435 0 0
* SPDR GOLD TRUST GOLD SHS GOLD SHS 78463V107 1,415 12,030 SH   DFND 3 12,030 0 0
LAS VEGAS SANDS CORP COM 517834107 7,276 140,790 SH   DFND 2,1 138,440 0 2,350
ISHARES MSCI EAFE ETF 464287465 1,257 21,995 SH   DFND   21,995 0 0
ISHARES INC MSCI BRAZIL CAP 464286400 431 16,380 SH   DFND 3,, 1 16,380 0 0
* PATRICK INDS INC COM 703343103 1,112 24,500 SH   DFND 3 24,500 0 0
ISHARES TR FTSE CHINA25 IDX 464287184 14,081 417,030 SH   DFND 3,, 1 39,598 0 377,432
CLIFFS NAT RES INC COM 18683K101 21 6,905 SH   DFND 1 6,905 0 0
ISHARES INC MSCI MEXICO CAP 464286822 20,929 389,742 SH   DFND 3,, 1 27,370 0 362,372
* ISHARES MSCI EURZONE ETF 464286608 6,288 182,833 SH   DFND 3,, 1 182,833 0 0
* ISHARES MSCI MALAYSI ETF 464286830 953 107,000 SH   DFND 3 107,000 0 0
* WELLTOWER INC COM ADDED 95040Q104 125 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 34 1,145 SH   DFND 2 1,145 0 0
POWERSHARES ETF TRUST WNDRHLL CLN EN 73935X500 932 230,674 SH   DFND   230,674 0 0
* ROLLINS INC COM 775711104 8 300 SH   DFND 3 300 0 0
* RANGE RES CORP COM 75281A109 23 700 SH   DFND 2 700 0 0
TRINITY INDS INC COM 896522109 623 34,000 SH   DFND 3 34,000 0 0
DANAHER CORP DEL COM 235851102 264 2,785 SH   DFND 1 85 0 2,700
BORGWARNER INC COM 99724106 3,691 96,120 SH   DFND 2 96,120 0 0
* MANNKIND CORP COM 56400P201 6,440 2,000,000 SH   DFND   2,000,000 0 0
ISHARES TR CORE S&P MCP ETF 464287507 4,965 34,435 SH   DFND 3,2 34,435 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 105 1,400 SH   DFND 3 1,400 0 0
* SHERWIN WILLIAMS CO COM 824348106 8,827 31,008 SH   DFND 2 31,008 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 76,098 2,200,622 SH   DFND 3,2,1 2,199,452 0 1,170
* COHERUS BIOSCIENCES INC COM 19249H103 1 27 SH   DFND 1 27 0 0
ISHARES TR S&P GBL HLTHCR 464287325 2,128 22,096 SH   DFND 1 6,880 0 15,216
ISHARES INC MSCI SWEDEN 464286756 22,629 768,376 SH   DFND 1 21,033 0 747,343
* ALON USA ENERGY INC COM 20520102 83 8,076 SH   DFND   8,076 0 0
ISHARES TR DJ US REAL EST 464287739 1,108 14,228 SH   DFND   14,228 0 0
ISHARES TR DJ US REAL EST 464287739 15,313 196,675 SH   DFND 2,1 161,500 0 35,175
HCP INC COM 40414L109 98 3,000 SH   DFND 3 3,000 0 0
CF INDS HLDGS INC COM 125269100 0 3 SH   DFND 1 3 0 0
* GALLAGHER ARTHUR J & CO COM COM 363576109 1,312 29,500 SH   DFND 3 29,500 0 0
* CBRE GROUP INC CL A CL A 12504L109 2,498 86,673 SH   DFND 1 28,524 0 58,149
* WABTEC CORP COM 929740108 4,582 57,790 SH   DFND 2 57,790 0 0
RYDEX ETF TRUST GUG S&P500 EQ WT 78355W106 5,491 69,925 SH   DFND 2 69,925 0 0
* KELLOGG CO COM 487836108 6 77 SH   DFND 2 77 0 0
ISHARES TR CORE TOTUSBD ETF 464287226 16 147 SH   DFND 1 147 0 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769 506 4,823 SH   DFND 3,, 1 4,823 0 0
VANGUARD INTLE QUITY INDEX F MSCIP AC ETF 922042866 34 617 SH   DFND 2,1 617 0 0
VANGUARD INTLE QUITY INDEX F MSCI EUROPE ETF 922042874 5,394 111,164 SH   DFND   111,164 0 0
VANGUARD INTLE QUITY INDEX F MSCI EUROPE ETF 922042874 139,010 2,864,994 SH   DFND 2,1 846,758 0 2,018,236
ISHARES INC MSCI SWITZ CAPP 464286749 57,746 1,942,332 SH   DFND 2,1 81,611 0 1,860,721
POWERSHARES ETF TRUST WATER RESOURCE 73935X575 154 7,000 SH   DFND 2 7,000 0 0
* DELEK US HLDGS INC COM 246647101 163 10,685 SH   DFND   10,685 0 0
* ISHARES U.S. BR-DEAL ETF 464288794 972 25,957 SH   DFND 1 0 0 25,957
ISHARES TR DJ OIL EQUIP 464288844 12,174 340,925 SH   DFND 1 2,001 0 338,924
CHEVRON CORP NEW COM 166764100 1,107 11,600 SH   DFND 3 11,600 0 0
VERINT SYS INC COM 92343X100 715 12,162 SH   DFND   12,162 0 0
* WHOLE FOODS MKT INC COM 966837106 3 100 SH   DFND 1 100 0 0
ISHARES TR CORE S&P SCP ETF 464287804 225 2,000 SH   DFND 3 2,000 0 0
* UNITED RENTALS INC COM 911363109 3 53 SH   DFND 2 53 0 0
* PAYPAL HLDGS INC COM ADDED 70450Y103 13,485 349,347 SH   DFND 3,2,1 349,347 0 0
NVR INC COM 62944T105 2,235 1,290 SH   DFND 3 1,290 0 0
ROSS STORES INC COM 778296103 3,238 55,930 SH   DFND 3 55,930 0 0
ISHARES INC MSCI FRANCE 464286707 27,484 1,136,656 SH   DFND 2,1 234,968 0 901,688
ISHARES INC MSCI AUSTRIALIA 464286103 37,689 1,950,799 SH   DFND 2,1 375,793 0 1,575,006
KIMCO RLTY CORP COM 49446R109 115 4,000 SH   DFND 3 4,000 0 0
SELECT SECTO RSPDR TR SBI INT-INDS 81369Y704 9,115 164,325 SH   DFND 1 1,694 0 162,631
ISHARES TR S&P EURO PLUS 464287861 22,242 568,708 SH   DFND 1 36,597 0 532,111
ISHARES TR CORE S&P500 ETF 464287200 2,919 14,126 SH   DFND 2 14,126 0 0
DILLARDS INC CL A 254067101 1,189 14,000 SH   DFND 3 14,000 0 0
ISHARES INC MSCI CDA INDEX 464286509 18,408 776,361 SH   DFND 2,1 312,782 0 463,579
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 539 2,050 SH   DFND   2,050 0 0
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 4,605 17,530 SH   DFND 2 17,530 0 0
CAMDEN PPTY TR SH BEN INT 133131102 135 1,600 SH   DFND 3 1,600 0 0
MACERICH CO COM 554382101 119 1,500 SH   DFND 3 1,500 0 0
SENIOR HSG PPTYS TR SH BEN INT 81721M109 125 7,000 SH   DFND 3 7,000 0 0
WISDOMTREE TRUST INDIA ERNGS FD 97717W422 1,600 82,034 SH   DFND 2,1 7,372 0 74,662
FIRST TR FTSE EPRA/NAREIT DE COM 33736N101 4 87 SH   DFND 1 87 0 0
ISHARES TR BARCLYS CR BD 464288620 485 4,399 SH   DFND   4,399 0 0
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 3,903 48,763 SH   DFND 3,, 1 48,763 0 0
BAKER HUGHES INC COM 57224107 633 14,452 SH   DFND 2,1 14,452 0 0
* AQUA AMERICA INC COM COM 03836W103 3,771 118,500 SH   DFND 3 118,500 0 0
ISHARES TR RUSSELL 1000 464287622 97 850 SH   DFND 2 850 0 0
MARKEL CORP COM 570535104 21 23 SH   DFND 2 23 0 0
SPDR INDEX SHS FDS EURO STOXX 50 78463X202 1,397 42,034 SH   DFND 2,1 254 0 41,780
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 112 8,000 SH   DFND 3 8,000 0 0
* ISHARES TR GLOBAL TECH ETF 464287291 300 3,000 SH   DFND 3 3,000 0 0
* CHIPOTLE MEXICAN GRILL INC COM 169656105 5,482 11,640 SH   DFND 3,2 11,640 0 0
* RESMED INC COM 761152107 4,683 81,000 SH   DFND 3 81,000 0 0
TJX COS INC NEW COM 872540109 9,967 127,216 SH   DFND 3,2 127,216 0 0
SYNTEL INC COM 87162H103 310 6,200 SH   DFND 3 6,200 0 0
POWERSHARES DB CMDTY IDX TRA UNIT BEN INT 73935S105 3 250 SH   DFND 1 250 0 0
THOR INDS INC COM 885160101 1,479 23,200 SH   DFND 3 23,200 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 14 308 SH   DFND 2 308 0 0
* POLARIS INDS INC COM 731068102 4,787 48,610 SH   DFND 2 48,610 0 0
HOST HOTELS & RESORTS INC COM 44107P104 134 8,000 SH   DFND 3 8,000 0 0
* UNITED STATES OIL FUND LP UNITS 91232N108 8 872 SH   DFND 1 872 0 0
* VANGUARD WORLD FDS HEALTH CAR ETF 92204A504 26 210 SH   DFND 1 0 0 210
* V F CORP COM 918204108 5,564 85,919 SH   DFND 2 85,919 0 0
* SPDR SERIES TRUST S&P INS ETF 78464A789 519 7,500 SH   DFND 1 0 0 7,500
PAPA JOHNS INTL INC COM 698813102 379 7,000 SH   DFND 3 7,000 0 0
VANGUARD INDEX FDS SMALL CP ETF 922908751 9 84 SH   DFND 1 84 0 0
* VANGUARD WORLD FDS INDUSTRIAL ETF 92204A603 250 2,380 SH   DFND 1 0 0 2,380
ISHARES TR U.S. AER&DEF ETF 464288760 316 2,700 SH   DFND 1 0 0 2,700
SPDR SERIES TRUST S&P DIVID ETF 78464A763 1,273 15,929 SH   DFND 2 15,929 0 0
VANGUARD INDEX FDS REIT ETF 922908553 50 600 SH   DFND 3 600 0 0
SPDR SERIES TRUST S&P BK ETF 78464A797 41,505 1,366,654 SH   DFND 1 45,282 0 1,321,372
* TEXAS ROADHOUSE INC COM 882681109 5,426 124,500 SH   DFND 3 124,500 0 0
BOSTON PROPERTIES INC COM 101121101 114 900 SH   DFND 3 900 0 0
MASTERCARD INC CL A 57636Q104 12,110 128,145 SH   DFND 3,2,1 116,384 0 11,761
* POWERSHARES ETF TRUST DYN MEDIA PORT 73935X823 683 28,023 SH   DFND 2 28,023 0 0
WISDOMTREE TR EUROPE SMCP DV 97717W869 285 5,000 SH   DFND 3 5,000 0 0
VANGUARD SPECIALIZED PORTFOL DIV APP ETF 921908844 1,329 16,355 SH   DFND 2,1 16,355 0 0
PUBLICS TORAGE COM 74460D109 97 350 SH   DFND 3 350 0 0
ISHARES TR DJ HOME CONSTN 464288752 1,297 47,881 SH   DFND 2,1 46,936 0 945
SPDR SERIES TRUST S&P HOMEBUILD 78464A888 18,577 548,976 SH   DFND 1 25,083 0 523,893
POWERSHARES ETF TRUST DYN FD & BEV 73935X849 890 27,409 SH   DFND 2 27,409 0 0
* VANGUARD WORLD FDS CONSUM STP ETF 92204A207 352 2,600 SH   DFND 3 2,600 0 0
POWERSHARES ETF TRUST DYNA BUYBK ACH 73935X286 2,752 60,730 SH   DFND   60,730 0 0
* VANGUARD WORLD FDS INF TECH ETF 92204A702 635 5,795 SH   DFND 1 5,795 0 0
PENNSYLVANIA RL ESTATE INVT SH BEN INT 709102107 109 5,000 SH   DFND 3 5,000 0 0
WISDOMTREE TRUST JAPN HEDGE EQT 97717W851 1,636 37,424 SH   DFND   37,424 0 0
WISDOMTREE TRUST JAPN HEDGE EQT 97717W851 110,663 2,531,752 SH   DFND 3,2,1 543,004 0 1,988,748
PROTALIXB IOTHERAPEUTICS INC COM 74365A101 19 22,050 SH   DFND 1 22,050 0 0
PROTALIXB IOTHERAPEUTICS INC COM 74365A101 53 63,192 SH   DFND   63,192 0 0
ISHARES GLB CNS DISC ETF 464288745 292 3,300 SH   DFND 3 3,300 0 0
RYDEX ETF TRUST GUG S&P500EQWTTE 78355W817 36,916 393,726 SH   DFND 3,2,1 385,496 0 8,230
* KELLY SVCS INC CL A 488152208 0 9 SH   DFND 1 9 0 0
* MARKET VECTORS ETF TR RUSSIA ETF 57060U506 327 20,000 SH   DFND 3 20,000 0 0
ISHARES TR HIGH YLD CORP 464288513 7 87 SH   DFND 1 87 0 0
SPDR INDEX SHS FDS S&P CHINA ETF 78463X400 34,353 492,239 SH   DFND 1 7,249 0 484,990
* DELTA AIR LINES INC DEL COM NEW 247361702 2,726 56,001 SH   DFND 3,, 1 56,001 0 0
* ISHARES TR INTL SEL DIV ETF 464288448 0 1 SH   DFND 1 1 0 0
ISHARES TR BARCLYS 1-3YR CR 464288646 27 253 SH   DFND 1 253 0 0
ISHARES TR BARCLYS 3-7 YR 464288661 208 1,652 SH   DFND 1 1,652 0 0
INLAND REAL ESTATE CORP COM NEW 457461200 127 12,000 SH   DFND 3 12,000 0 0
SPDR SERIES TRUST S&P REGL BKG 78464A698 2,550 67,741 SH   DFND 1 0 0 67,741
WISDOMTREE TR EMG MKTS SMCAP 97717W281 219 5,800 SH   DFND 1 0 0 5,800
* PROSHARES TR PSHS SH MSCI EMR 74347R396 5 200 SH   DFND 3 200 0 0
SPDR SERIES TRUST S&P RETAIL ETF 78464A714 165 3,571 SH   DFND 2 3,571 0 0
LIBERTY PPTY TR SH BEN INT 531172104 134 4,000 SH   DFND 3 4,000 0 0
ISHARES INC MSCI NETHR INVES 464286814 145 5,884 SH   DFND 2 5,884 0 0
PHILIP MORRIS INTL INC COM 718172109 34 350 SH   DFND 3 350 0 0
SPDR SERIES TRUST BRC HGH YLD BD 78464A417 897 26,195 SH   DFND 3,1 26,195 0 0
* AMERICAN WTR WKS CO INC NEW COM 30420103 2,874 41,700 SH   DFND 3 41,700 0 0
CREDIT SUISSE HIGH YLD BND F SH BEN INT 22544F103 5 2,038 SH   DFND 1 2,038 0 0
* BROADWIND ENERGY INC COM NEW 11161T207 59 19,531 SH   DFND 1 19,531 0 0
ISHARES TR MSCI ACWI INDX 464288257 97 1,727 SH   DFND   1,727 0 0
ISHARES TR MSCI ACWI INDX 464288257 460 8,198 SH   DFND 3,1 5,250 0 2,948
* BIODEL INC COM NEW 09064M204 23 71,000 SH   DFND 1 71,000 0 0
ISHARES TR JPMORGAN USD 464288281 429 3,890 SH   DFND 3,1 2,422 0 1,468
ISHARES TR MSCI ACJPN IDX 464288182 43,575 797,631 SH   DFND 2,1 95,804 0 701,827
VENTAS INC COM 92276F100 139 2,200 SH   DFND 3 2,200 0 0
* BARCLAYS BK PLC IPATH S&P500 VIX 06742E711 532 30,188 SH   DFND 2 30,188 0 0
SPDR SERIES TRUST INTR TRM CORP BD 78464A375 626 18,278 SH   DFND 1 18,278 0 0
* FIRST TR ISE REVERE NAT GAS COM 33734J102 54 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 117 11,000 SH   DFND 3 11,000 0 0
GLOBALXFDS CHINA CONS ETF 37950E408 7,363 656,572 SH   DFND 1 9,430 0 647,142
* ISHARES INTERM CR BD ETF 464288638 546 4,975 SH   DFND 1 4,975 0 0
ISHARES INDIA 50 ETF 464289529 18,630 692,581 SH   DFND 2 692,581 0 0
* PROSHARES TR ULTRAPRO SH NW14 74348A418 110 5,927 SH   DFND 1 5,927 0 0
INVESCO MORTGAGE CAPITAL INC COM 46131B100 73 6,000 SH   DFND 3 6,000 0 0
* ISHARES TR US REGNL BKS ETF 464288778 26 830 SH   DFND 1 0 0 830
LEAR CORP COM NEW 521865204 1,590 14,300 SH   DFND 3 14,300 0 0
* SPDR SERIES TRUST S&P PHARMAC 78464A722 17,138 425,898 SH   DFND 1 11,870 0 414,028
RYDEX ETF TRUST GUG S&P500EQWTHC 78355W841 346 2,400 SH   DFND 3 2,400 0 0
* FIRST TR EXCHANGE TRADED FD DJ INTERNT IDX 33738R118 865 12,670 SH   DFND   12,670 0 0
* ISHARES TR MSCI INDONIA ETF 46429B309 676 28,700 SH   DFND 3 28,700 0 0
* TESLA MTRS INC COM 88160R101 22 95 SH   DFND 3,, 1 95 0 0
VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206C870 956 10,999 SH   DFND 3,, 1 10,999 0 0
EGA EMERGING GLOBAL SHS TR EGS EMKTCONS ETF 268461779 11,357 502,540 SH   DFND 2,1 159,506 0 343,034
WELLS FARGO & CO NEW *W EXP 10/28/201 949746119 16 1,000 SH   DFND 2 1,000 0 0
JPMORGAN CHASE & CO *W EXP 10/28/201 46634E114 18 1,000 SH   DFND 2 1,000 0 0
GENERAL MTRS CO COM 37045V100 7,369 234,450 SH   DFND 2 234,450 0 0
* INSPERITY INC COM 45778Q107 1,112 21,500 SH   DFND 3 21,500 0 0
* IMPERVA INC COM 45321L100 267 5,295 SH   DFND   5,295 0 0
SEVENTY SEVEN ENERGY INC COM ADDED 818097107 0 357 SH   DFND 1 0 0 357
PIMCO ETF TR TOTL RETN ETF 72201R775 2,342 22,210 SH   DFND 1 22,210 0 0
* MEDGENICS INC COM NEW 58436Q203 52 11,821 SH   DFND   11,821 0 0
ISHARES EM MK MINVOL ETF 464286533 672 13,078 SH   DFND 1 13,078 0 0
* POWERSHARES ETF TR II KBW BK PORT 73937B746 38,202 1,155,522 SH   DFND 2 1,155,522 0 0
CREDIT SUISSE AG NASSAU BRH VEL SH 22539T316 2 87 SH   DFND 1 87 0 0
ISHARES TR CHINA ETF 46429B671 36 850 SH   DFND 3 850 0 0
REDHILL BIOPHARMA LTD SPONSORED ADS SPONSORED ADS 757468103 69 5,611 SH   DFND   5,611 0 0
SCHWAB STRATEGIC TR US REIT ETF 808524847 455 11,000 SH   DFND 3 11,000 0 0
ISHARES MSCI WORLD ETF 464286392 292 4,216 SH   DFND   4,216 0 0
ISHARES TR MSCI INDIA ETF ADDED 46429B598 23,808 877,865 SH   DFND 2,1 52,252 0 825,613
LABSTYLE INNOVATIONS CORP COM ADDED 50544T302 4 923 SH   DFND 1 923 0 0
* MALIBU BOATS INC COM CL A 56117J100 0 1 SH   DFND 1 1 0 0
VARONIS SYS INC COM 922280102 76 4,185 SH   DFND   4,185 0 0
* ALPHABET INC CAP STK CL C ADDED 02079K107 23,429 31,450 SH   DFND 2,1 24,949 0 6,501
SPDR SER TR S&P1500MOMTILT 78468R705 167 1,892 SH   DFND   1,892 0 0
* MARKET VECTORS ETF TR ISRAEL ETF 57061R676 355 12,702 SH   DFND   12,702 0 0
* FACTORSHARES TR ISE CYBER SEC 30304R407 849 35,424 SH   DFND 1 0 0 35,424
* CALIFORNIA RES CORP COM 13057Q107 7 6,746 SH   DFND 1 1,053 0 5,693
* CHEMOURS CO COM 163851108 7 1,000 SH   DFND 2 1,000 0 0
ISHARES TR CORE MSCI EURO 46434V738 59 1,435 SH   DFND 1 1,435 0 0
ISHARES MSCI EURO FL ETF 464289180 5,800 323,860 SH   DFND 1 0 0 323,860
VANGUARD INTL EQUITY INDEX F GLB EX US ETF 922042676 241 4,500 SH   DFND 3 4,500 0 0
POWERSHARES ETF TR II S&P SMCP IT PO 73937B860 440 8,000 SH   DFND 3 8,000 0 0
SPDR SERIES TRUST S&P 500 GROWTH 78464A409 13 130 SH   DFND 1 130 0 0
ISHARES TR MSCI POL CAP ETF 46429B606 243 12,000 SH   DFND 3 12,000 0 0
WISDOMTREE TR EUROPE HEDGED EQ 97717X701 59,350 1,143,097 SH   DFND 3,2,1 733,241 0 409,856
SPDR SERIES TRUST LNG TRM CORP BD 78464A367 13 338 SH   DFND 1 338 0 0
SCHWAB STRATEGIC TR US LRG CAP ETF 808524201 143 2,928 SH   DFND 2 2,928 0 0
ISHARES TR BRC 0-5 YR TIP 46429B747 990 9,838 SH   DFND 1 9,838 0 0
* VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 2,199 11,663 SH   DFND   11,663 0 0
* VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 3,797 20,135 SH   DFND 3,2,1 6,890 0 13,245
AMERICAN INTL GROUP INC *W EXP 01/19/202 26874156 13 692 SH   DFND 2 692 0 0
MARKET VECTORS ETF TR OIL SVCS ETF 57060U191 2,049 76,999 SH   DFND 2 76,999 0 0
MARKET VECTORS ETF TR PHARMACEUTICAL 57060U217 718 12,480 SH   DFND 3,1 12,395 0 85
FACEBOOK INC CL A 30303M102 14,949 131,014 SH   DFND 3,2,1 115,122 0 15,892
FIRST TR EXCHANGE TRADED FD NASD TECH DIV 33738R118 431 16,000 SH   DFND 3 16,000 0 0
MAZOR ROBOTICS LTD SPONSORED ADS 57886P103 1 100 SH   DFND 1 100 0 0
* TWITTER INC COM 90184L102 0 1 SH   DFND 1 1 0 0