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 4,997 137,859 SH   DFND 3,2,1 137,859 0 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 24 665 SH   DFND   665 0 0
NICE SYS LTD SPONSORED ADR 653656108 11,232 163,349 SH   DFND 3,2,1 162,149 0 1,200
NICE SYS LTD SPONSORED ADR 653656108 248 3,601 SH   DFND   3,601 0 0
DSP GROUP INC COM 23332B106 29 2,238 SH   DFND   2,238 0 0
ALTRIA GROUP INC COM 02209S103 61 900 SH   DFND 3 900 0 0
HILTON WORLDWIDE HLDGS INC WHEN ISSUED ADDED 43300A203 4 150 SH   DFND 1 150 0 0
PROLOGIS INC COM 74340W103 63 1,200 SH   DFND 3 1,200 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 126 761 SH   DFND 3,2,1 761 0 0
GLOBAL X FDS GLOBAL X LITHIUM 37954Y855 585 24,000 SH   DFND 1 24,000 0 0
AETNA INC NEW COM 00817Y108 4,578 36,915 SH   DFND 1 16,114 0 20,801
JOHNSON & JOHNSON COM 478160104 1,017 8,825 SH   DFND 3,2,1 5,825 0 3,000
YAHOO INC COM 984332106 93 2,400 SH   DFND 3 2,400 0 0
WELLS FARGO&CO NEW COM 949746101 4,737 85,951 SH   DFND 3,1 78,451 0 7,500
PFIZER INC COM 717081103 6,361 195,830 SH   DFND 3,1 63,145 0 132,685
OCCIDENTAL PETE CORP DEL COM 674599105 2,303 32,326 SH   DFND 1 11,086 0 21,240
RAYTHEON CO COM NEW 755111507 10 72 SH   DFND 2 72 0 0
ORACLE CORP COM 68389X105 4,247 110,467 SH   DFND 3,1 47,853 0 62,614
SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 16,858 85,351 SH   DFND 1 0 0 85,351
DISNEY WALT CO COM DISNEY 254687106 15 140 SH   DFND 1 140 0 0
PEPSICO INC COM 713448108 4,437 42,405 SH   DFND 3,1 22,227 0 20,178
CISCO SYS INC COM 17275R102 6,613 218,830 SH   DFND 3,1 127,219 0 91,611
CITIGROUP INC COM NEW 172967424 4,831 81,284 SH   DFND 3,2,1 60,138 0 21,146
MERCK & CO INC NEW COM 58933Y105 2,056 34,916 SH   DFND 2,1 8,278 0 26,638
TARGET CORP COM 87612E106 1,142 15,812 SH   DFND 3,1 15,812 0 0
WAL-MART STORES INC COM 931142103 131 1,900 SH   DFND 3 1,900 0 0
DOW CHEM CO COM 260543103 532 9,300 SH   DFND 3 9,300 0 0
INTEL CORP COM 458140100 29 800 SH   DFND 3 800 0 0
MICROSOFT CORP COM 594918104 342 5,500 SH   DFND 1 0 0 5,500
3M CO COM 88579Y101 7 41 SH   DFND 1 41 0 0
XEROX CORP COM 984121103 480 55,000 SH   DFND 3 55,000 0 0
CATERPILLAR INC DEL COM 149123101 4 48 SH   DFND 2 48 0 0
AT&T INC COM 00206R102 383 9,000 SH   DFND 3 9,000 0 0
GENERAL ELECTRIC CO COM 369604103 1,070 33,874 SH   DFND 2,1 32,020 0 1,854
NIKE INC CL B 654106103 286 5,636 SH   DFND 3,2,1 3,136 0 2,500
CENTENE CORP DEL COM 15135B101 4 68 SH   DFND 1 68 0 0
D R HORTON INC COM 23331A109 273 10,000 SH   DFND 3 10,000 0 0
ISHARES MSCI HONG KG ETF 464286871 18,911 970,814 SH   DFND 2 970,814 0 0
ISHARES INC MSCI SINGPOR ETF ADDED 46434G780 379 19,011 SH   DFND 1 0 0 19,011
PARTNER COMMUNICATIONS CO LT ADR 70211M109 587 125,252 SH   DFND 2 125,252 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 485 10,035 SH   DFND   10,035 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 176,607 3,651,930 SH   DFND 2,1 2,894,426 0 757,504
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 34,099 659,428 SH   DFND 2,1 138,095 0 521,333
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 848 16,390 SH   DFND   16,390 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 85,687 1,242,927 SH   DFND 2, 1 594,425 0 648,502
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 2,020 29,295 SH   DFND   29,295 0 0
MATTEL INC COM 577081102 5 186 SH   DFND 2 186 0 0
LOCKHEE DMARTIN CORP COM 539830109 115 461 SH   DFND 3,2 461 0 0
GILDAN ACTIVEWEAR INC COM 375558103 7,249 101,227 SH   DFND 3,2,1 93,493 0 7,734
CA INC COM 12673P105 5 148 SH   DFND 1 148 0 0
PROSHARES TR PSHS ULSHT SP500 74347B300 8 501 SH   DFND 1 501 0 0
OPKO HEALTH INC COM 68375N103 212 22,818 SH   DFND   22,818 0 0
PROCTER &GAMBLE CO COM 742718109 528 6,280 SH   DFND 2, 1 58 0 6,222
PRICELINE COM INC COM NEW 741503403 8,584 5,855 SH   DFND 3, 1 4,510 0 1,345
EXXON MOBIL CORP COM 30231G102 119 1,320 SH   DFND 1 1,320 0 0
COCA COLA CO COM 191216100 533 12,850 SH   DFND 3, 1 12,850 0 0
STARBUCKS CORP COM 855244109 7 128 SH   DFND 3, 1 128 0 0
TESORO CORP COM 881609101 1,643 18,792 SH   DFND 1 9,000 0 9,792
QUALCOMM INC COM 747525103 1,011 15,503 SH   DFND 3, 1 8,003 0 7,500
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 4,267 183,527 SH   DFND   183,527 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 91,775 3,947,298 SH   DFND 3, 2, 1 1,475,911 0 2,471,387
DUN & BRADSTREET CORP DEL NE COM 26483E100 1,292 10,650 SH   DFND 3, 2 10,650 0 0
COMMONWEALTH REIT COM SH BEN INT 294628102 97 3,200 SH   DFND 3 3,200 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 1,418 11,972 SH   DFND   11,972 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 56,563 477,406 SH   DFND 2, 1 282,286 0 195,120
FEDEX CORP COM 31428X106 19 103 SH   DFND 2, 1 103 0 0
EXPEDIA INC DEL COM NEW 30212P303 5 40 SH   DFND 3 40 0 0
GENERAL DYNAMICS CORP COM 369550108 35 201 SH   DFND 2, 1 201 0 0
GOLDMAN SACHS GROUP INC COM COM 38141G104 28 115 SH   DFND 2 115 0 0
UNION PAC CORP COM 907818108 435 4,200 SH   DFND 3, 1 700 0 3,500
MICROVISION INC DEL COM NEW 594960304 6 4,900 SH   DFND 1 4,900 0 0
HONEYWELL INTL INC COM 438516106 637 5,500 SH   DFND 3 5,500 0 0
ISHARES INC MSCI JPN ETF NEW ADDED 46434G822 666 13,623 SH   DFND   13,623 0 0
ISHARES INC MSCI JPN ETF NEW ADDED 46434G822 31,052 635,525 SH   DFND 3, 2, 1 122,538 0 512,987
CELGENE CORP COM 151020104 5,666 48,948 SH   DFND 3, 2, 1 28,077 0 20,871
AMERISOURCEBERGEN CORP COM 03073E105 698 8,926 SH   DFND 3, 1 6,335 0 2,591
NOBLE ENERGY INC COM 655044105 23 600 SH   DFND 2 600 0 0
NVIDIA CORP COM 67066G104 5 50 SH   DFND 1 50 0 0
CVS CAREMARK CORPORATION COM 126650100 3,933 49,836 SH   DFND 1 18,595 0 31,241
BIOGEN IDEC INC COM COM 09062X103 2,955 10,422 SH   DFND 3, 2 10,422 0 0
JPMORGAN CHASE & CO COM 46625H100 5,694 65,988 SH   DFND 3, 1 45,353 0 20,635
ISHARES INC MSCI GERMAN 464286806 3,904 147,415 SH   DFND 2, 1 142,401 0 5,014
VERIZON COMMUNICATIONS INC COM 92343V104 322 6,032 SH   DFND 3, 1 6,032 0 0
DOLLAR TREE INC COM 256746108 996 12,900 SH   DFND 3 12,900 0 0
APPLIED MICRO CIRCUITS CORP COM NEW 03822W406 2 234 SH   DFND 1 234 0 0
INTUIT COM 461202103 2 15 SH   DFND 3 15 0 0
VISA INC COM CL A 92826C839 669 8,572 SH   DFND 3, 1 6,600 0 1,972
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 3,248 57,970 SH   DFND 3 57,970 0 0
COLGATE PALMOLIVE CO COM 194162103 388 5,933 SH   DFND 3 5,933 0 0
LIVEPERSON INC COM 538146101 49 6,550 SH   DFND 2 6,550 0 0
LIVEPERSON INC COM 538146101 38 5,022 SH   DFND   5,022 0 0
UNITED TECHNOLOGIES CORP COM 913017109 8 70 SH   DFND 1 70 0 0
MCDONALDS CORP COM 580135101 1,037 8,520 SH   DFND 3, 1 8,520 0 0
SPDR S&P 500ETF TR TR UNIT 78462F103 122 545 SH   DFND   545 0 0
SPDR S&P 500ETF TR TR UNIT 78462F103 86,888 388,708 SH   DFND 2, 1 335,328 0 53,380
ISHARES TR MSCI UK ETF NEW ADDED 46435G334 31,476 1,025,617 SH   DFND 1 31,997 0 993,620
HOSPITALITY PPTYS TR COM SH BEN INT 44106M102 95 3,000 SH   DFND 3 3,000 0 0
CYPRESS SEMICONDUCTOR CORP COM 232806109 0 3 SH   DFND 1 3 0 0
LOWES COS INC COM COM 548661107 2,104 29,581 SH   DFND 1 9,850 0 19,731
COSTCO WHSL CORP NEW COM 22160K105 3,420 21,359 SH   DFND 1 10,462 0 10,897
US BANCORP DEL COM NEW 902973304 3,818 74,330 SH   DFND 3 74,330 0 0
UNITED STATES STL CORP NEW COM 912909108 3 83 SH   DFND 1 83 0 0
LENNAR CORP CL A 526057104 2,254 52,495 SH   DFND 3, 1 19,018 0 33,477
VORNADO RLTY TR SH BEN INT 929042109 83 800 SH   DFND 3 800 0 0
NATIONAL RETAIL PPTYS INC COM 637417106 88 2,000 SH   DFND 3 2,000 0 0
ISHARES TR NASDQ BIOTEC ETF 464287556 24,418 92,012 SH   DFND 2, 1 49,614 0 42,398
WELLCARE HEALTH PLANS INC COM 94946T106 1,823 13,300 SH   DFND 3 13,300 0 0
ISHARES INC MSCI ITL ETF NEW ADDED 46434G830 17,898 739,276 SH   DFND 3, 2, 1 51,280 0 687,996
MONDELEZ INTL INC CL A 609207105 6 143 SH   DFND 2 143 0 0
METLIFE INC COM 59156R108 604 11,200 SH   DFND 3 11,200 0 0
ALLEGHENY TECHNOLOGIES INC COM 01741R102 2 153 SH   DFND 1 153 0 0
ISHARES MSCI SPAN CP ETF 464286764 17,473 659,125 SH   DFND 1 7,405 0 651,720
ISHARES TR RUSSELL 2000 464287655 17,130 127,033 SH   DFND 1 2,050 0 124,983
ISHARES TR RUSSELL 2000 464287655 36 267 SH   DFND   267 0 0
NORTHROP GRUMMAN CORP COM 666807102 81 350 SH   DFND 3 350 0 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 1,927 28,014 SH   DFND 3, 1 21,876 0 6,138
ISHARES TR HDG MSCI GERMN 46434V704 293 11,350 SH   DFND 3, 1 7,500 0 3,850
AGROFRESH SOLUTIONS *W EXP 07/31/202 ADDED 00856G117 1 3,300 SH   DFND 1 3,300 0 0
LIBERTY BROADBAND CORP COM SER A 530307107 7 100 SH   DFND 2 100 0 0
AGROFRESH SOLUTIONS COM 00856G109 2 813 SH   DFND 1 813 0 0
ALPS ETF TR SPROTT GL MINE 00162Q643 0 20 SH   DFND 1 20 0 0
DIREXION SHS ETF TR SP BIOTCH BL NEW 25490K323 7 235 SH   DFND 1 235 0 0
ISHARES TR 0-5YR INVT GR CP 46434V100 522 10,400 SH   DFND   10,400 0 0
ISHARES TR 0-5YR INVT GR CP 46434V100 1,150 22,914 SH   DFND 1 22,914 0 0
SECOND SIGHT MED PRODS INC COM 81362J100 205 104,230 SH   DFND 1 104,230 0 0
ELDORADO RESORTS INC COM 28470R102 712 42,000 SH   DFND 3 42,000 0 0
WISDOMTREE TR EUR HDG SMLCAP 97717X552 2,014 77,970 SH   DFND 3 77,970 0 0
WISDOMTREE TR GERMANY HEDEQ FD 97717W448 1,328 46,616 SH   DFND 2, 1 46,616 0 0
DBX ETF TR DB XTR MSCI EUR 233051853 1,897 74,772 SH   DFND 1 71,645 0 3,127
ARMSTRONG FLOORING INC COM 04238R106 1 30 SH   DFND 1 30 0 0
GLOBAL NET LEASE INC COM 379378102 86 11,000 SH   DFND 1 0 0 11,000
ISHARES TR MULTIFACTOR USA 46434V282 1,067 39,950 SH   DFND 1 39,950 0 0
SELECT SECTOR SPDR TR RL EST SEL SEC 81369Y860 10,472 340,544 SH   DFND 2, 1 3,885 0 336,659
FIDELITY CONSMR STAPLES 316092303 343 11,000 SH   DFND 3 11,000 0 0
SOLAREDGE TECHNOLOGIES INC COM 83417M104 30 2,434 SH   DFND   2,434 0 0
SOLAREDGE TECHNOLOGIES INC COM 83417M104 0 7 SH   DFND 1 7 0 0
XEROX CORP EX DISTRIBUTN ADDED 984121129 6 973 SH   DFND 1 973 0 0
VANECK VECTORS ETF TR JP MORGAN MKTS ADDED 92189F494 5,269 299,358 SH   DFND 3 299,358 0 0
WISDOMTREE TR EM LCL DEBT FD 97717X867 358 10,000 SH   DFND 3 10,000 0 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 99 1,200 SH   DFND 3 1,200 0 0
CEVA INC COM 157210105 60 1,789 SH   DFND   1,789 0 0
COMCAST CORP NEW CL A 20030N101 2,045 29,609 SH   DFND 3, 1 28,549 0 1,060
CAPITAL ONE FINL CORP COM 14040H105 105 1,200 SH   DFND 3 1,200 0 0
FASTENAL CO COM 311900104 7 140 SH   DFND 1 140 0 0
ISHARES TR DJ US TELECOMM 464287713 941 27,281 SH   DFND 1 0 0 27,281
ISHARES INC MSCI STH KOR CAP 464286772 37,846 711,123 SH   DFND 3, 2, 1 250,875 0 460,248
WESTERN DIGITAL CORP COM 958102105 54 800 SH   DFND 3 800 0 0
PLURISTEM THERAPEUTICS INC COM 72940R102 55 38,301 SH   DFND 2, 1 38,301 0 0
PLURISTEM THERAPEUTICS INC COM 72940R102 18 12,411 SH   DFND   12,411 0 0
NAUTILUS INC COM COM 63910B102 1,005 54,300 SH   DFND 3 54,300 0 0
DELUXE CORP COM 248019101 2,499 34,900 SH   DFND 3 34,900 0 0
SPECTRUM PHARMACEUTICALS INC COM 84763A108 132 29,886 SH   DFND 1 29,886 0 0
ILLINOIS TOOL WKS INC COM 452308109 104 850 SH   DFND 3 850 0 0
ISHARES INC MSCI TAIWAN ETF ADDED 46434G772 1 40 SH   DFND 1 0 0 40
SIMON PPTY GROUP INC NEW COM 828806109 124 700 SH   DFND 3 700 0 0
ISHARES TR MSCI EMERG MKT 464287234 9,235 263,769 SH   DFND 2, 1 112,197 0 151,572
ISHARES TR MSCI EMERG MKT 464287234 3,128 89,340 SH   DFND   89,340 0 0
GENERAL GROWTH PPTYS INC COM COM 370023103 87 3,500 SH   DFND 3 3,500 0 0
CAL MAINE FOODS INC COM NEW 128030202 6 145 SH   DFND 1 145 0 0
SELECT SECTOR SPD RTR SBI CONS DISCR 81369Y407 27,299 335,373 SH   DFND 3, 2, 1 174,662 0 160,711
SELECT SECTOR SPD RTR SBI CONS DISCR 81369Y407 1,004 12,335 SH   DFND   12,335 0 0
ISHARES TR BARCLYS 7-10 YR 464287440 5 48 SH   DFND 1 48 0 0
ISHARES TR IBOXX INV CPBD 464287242 115 979 SH   DFND 2, 1 979 0 0
ISHARES TR DJ SEL DIV INX 464287168 126 1,418 SH   DFND 1 1,418 0 0
ISHARES TR BARCLYS TIPS BD 464287176 1,964 17,351 SH   DFND 1 17,351 0 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 109,313 1,451,310 SH   DFND 2, 1 1,213,996 0 237,314
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 985 13,081 SH   DFND   13,081 0 0
FACTSET RESH SYS INC COM 303075105 4,536 27,755 SH   DFND 3 27,755 0 0
SIGNATURE BK NEW YORK N Y COM COM 82669G104 5,884 39,175 SH   DFND 3 39,175 0 0
TRAVELERS COMPANIES INC COM COM 89417E109 3,420 27,935 SH   DFND 1 6,712 0 21,223
TOTAL SYS SVCS INC COM 891906109 5,337 108,850 SH   DFND 3 108,850 0 0
CONSOL ENERGY INC COM 20854P109 22 1,200 SH   DFND 2 1,200 0 0
BRAINSTORM CELL THERAPEUTICS COM NEW 10501E201 100 39,203 SH   DFND 1 39,203 0 0
M D C HLDGS INC COM 552676108 22 840 SH   DFND 2 840 0 0
UBS AG JERSEY BRH CMCI ETN 38 902641778 3 201 SH   DFND 1 201 0 0
HERSHEY CO COM 427866108 3 31 SH   DFND 1 31 0 0
ALPHABET INC CAP STK CL A ADDED 02079K305 4,631 5,845 SH   DFND 3, 1 4,581 0 1,264
ISHARES INC MSCI PAC J IDX 464286665 508 12,835 SH   DFND 2, 1 6,200 0 6,635
WATSCO INC COM COM 942622200 444 3,000 SH   DFND 3 3,000 0 0
ISHARES TR 20 YR TR BD ETF 464287432 13 111 SH   DFND 1 111 0 0
PNC FINL SVCS GROUP INC COM 693475105 3,496 29,893 SH   DFND 3, 1 29,893 0 0
ORMAT TECHNOLOGIES INC COM 686688102 160 2,983 SH   DFND   2,983 0 0
CREDIT ACCEP CORP MICH COM 225310101 22 100 SH   DFND 2 100 0 0
MCKESSON CORP COM 58155Q103 3,437 24,470 SH   DFND 3 24,470 0 0
SPDR GOLD TRUST GOLD SHS GOLD SHS 78463V107 2,318 21,150 SH   DFND   21,150 0 0
SPDR GOLD TRUST GOLD SHS GOLD SHS 78463V107 1,175 10,719 SH   DFND 3, 1 10,719 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 434 8,938 SH   DFND 1 0 0 8,938
ISHARES MSCI EAFE ETF 464287465 1,032 17,882 SH   DFND   17,882 0 0
ISHARES INC MSCI BRAZIL CAP 464286400 30,354 910,434 SH   DFND 3, 2, 1 910,434 0 0
PATRICK INDS INC COM 703343103 1,444 18,920 SH   DFND 3 18,920 0 0
ISHARES TR FTSE CHINA25 IDX 464287184 17,376 500,617 SH   DFND 3, 1 33,313 0 467,304
CLIFFS NAT RES INC COM 18683K101 5 592 SH   DFND 1 592 0 0
ISHARES INC MSCI MEXICO CAP 464286822 33,428 760,237 SH   DFND 3, 2, 1 290,755 0 469,482
ISHARES MSCI EURZONE ETF 464286608 3,671 106,112 SH   DFND 3, 1 104,593 0 1,519
ISHARES INC MSCI MLY ETF NEW ADDED 46434G814 751 26,750 SH   DFND 3 26,750 0 0
WELLTOWER INC COM ADDED 95040Q104 100 1,500 SH   DFND 3 1,500 0 0
ISHARES GOLD TRUST ISHARES 464285105 470 42,405 SH   DFND 1 0 0 42,405
PRICE T ROWE GROUP INC COM 74144T108 8 100 SH   DFND 1 100 0 0
POWERSHARES ETF TRUST WNDRHLL CLN EN 73935X500 730 198,497 SH   DFND   198,497 0 0
NOVAVAX INC COM 670002104 5 3,700 SH   DFND 1 3,700 0 0
DOLLAR GEN CORP NEW COM 256677105 2,607 35,194 SH   DFND 1 19,290 0 15,904
ROLLINS INC COM 775711104 2 55 SH   DFND 3 55 0 0
RANGE RES CORP COM 75281A109 17 500 SH   DFND 2 500 0 0
TRINITY INDS INC COM 896522109 944 34,000 SH   DFND 3 34,000 0 0
ISHARES TR CORE S&P MCP ETF 464287507 5,693 34,435 SH   DFND 3, 2 34,435 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 90 1,400 SH   DFND 3 1,400 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 32,821 917,300 SH   DFND 3, 2, 1 916,130 0 1,170
DSW INC CL A 23334L102 7 287 SH   DFND 1 287 0 0
CONSTELLATION BRANDS INC CL A 21036P108 5 32 SH   DFND 1 32 0 0
KEYCORP NEW COM 493267108 2 108 SH   DFND 1 108 0 0
ISHARES TR S&P GBL HLTHCR 464287325 658 6,935 SH   DFND 1 6,935 0 0
ISHARES INC MSCI SWEDEN 464286756 19,791 688,875 SH   DFND 1 7,190 0 681,685
ISHARES TR DJ US REAL EST 464287739 2,007 26,080 SH   DFND   26,080 0 0
ISHARES TR DJ US REAL EST 464287739 2,706 35,175 SH   DFND 1 0 0 35,175
HCP INC COM 40414L109 62 2,073 SH   DFND 3, 1 2,073 0 0
CF INDS HLDGS INC COM 125269100 0 3 SH   DFND 1 3 0 0
GALLAGHER ARTHUR J & CO COM COM 363576109 1,533 29,500 SH   DFND 3 29,500 0 0
CBRE GROUP INC CL A CL A 12504L109 2,159 68,551 SH   DFND 1 27,550 0 41,001
WABTEC CORP COM 929740108 16 191 SH   DFND 1 191 0 0
RYDEX ETF TRUST GUG S&P500 EQ WT 78355W106 13,076 150,925 SH   DFND 2 150,925 0 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769 21 182 SH   DFND 1 182 0 0
VANGUARD INTLE QUITY INDEX F MSCI EUROPE ETF 922042874 5,080 105,962 SH   DFND   105,962 0 0
VANGUARD INTLE QUITY INDEX F MSCI EUROPE ETF 922042874 126,098 2,630,336 SH   DFND 3, 2, 1 1,076,394 0 1,553,942
ISHARES MSCI SZ CAP ETF 464286749 52,685 1,788,366 SH   DFND 2, 1 52,882 0 1,735,484
POWERSHARES ETF TRUST WATER RESOURCE 73935X575 172 7,000 SH   DFND 2 7,000 0 0
DELEK US HLDGS INC COM 246647101 94 3,896 SH   DFND   3,896 0 0
ISHARES U.S. BR-DEAL ETF 464288794 944 19,087 SH   DFND 1 0 0 19,087
ISHARES TR DJ OIL EQUIP 464288844 14,648 322,289 SH   DFND 1 4,444 0 317,845
CHEVRON CORP NEW COM 166764100 11 90 SH   DFND 1 90 0 0
VERINT SYS INC COM 92343X100 261 4,555 SH   DFND   4,555 0 0
VERINT SYS INC COM 92343X100 199 5,651 SH   DFND 1 41 0 5,610
ISHARES TR CORE S&P SCP ETF 464287804 275 2,000 SH   DFND 3 2,000 0 0
PAYPAL HLDGS INC COM ADDED 70450Y103 1,458 36,931 SH   DFND 3, 1 31,058 0 5,873
NVR INC COM 62944T105 2,420 1,450 SH   DFND 3 1,450 0 0
ROSS STORES INC COM 778296103 2,956 45,060 SH   DFND 3, 1 45,060 0 0
SOUTHERN CO COM 842587107 64 1,300 SH   DFND 3 1,300 0 0
ISHARES INC MSCI FRANCE 464286707 19,322 783,237 SH   DFND 2, 1 34,406 0 748,831
ISHARES INC MSCI AUSTRIALIA 464286103 43,203 2,135,608 SH   DFND 2, 1 365,875 0 1,769,733
KIMCO RLTY CORP COM 49446R109 75 3,000 SH   DFND 3 3,000 0 0
SELECT SECTO RSPDR TR SBI INT-INDS 81369Y704 62,430 1,003,376 SH   DFND 2, 1 768,894 0 234,482
SELECT SECTO RSPDR TR SBI INT-INDS 81369Y704 1,261 20,270 SH   DFND   20,270 0 0
ISHARES TR S&P EURO PLUS 464287861 10,839 279,280 SH   DFND 1 43,692 0 235,588
ISHARES TR CORE S&P500 ETF 464287200 2,807 12,476 SH   DFND 2 12,476 0 0
DILLARDS INC CL A 254067101 878 14,000 SH   DFND 3 14,000 0 0
ISHARES INC MSCI CDA INDEX 464286509 27,016 1,033,114 SH   DFND 2, 1 575,102 0 458,012
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 1,367 4,530 SH   DFND   4,530 0 0
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 4,257 14,107 SH   DFND 2 14,107 0 0
SKYWORKS SOLUTIONS INC COM 83088M102 1 8 SH   DFND 1 8 0 0
CAMDEN PPTY TR SH BEN INT 133131102 84 1,000 SH   DFND 3 1,000 0 0
MACERICH CO COM 554382101 85 1,200 SH   DFND 3 1,200 0 0
SENIOR HSG PPTYS TR SH BEN INT 81721M109 76 4,000 SH   DFND 3 4,000 0 0
WISDOMTREE TRUST INDIA ERNGS FD 97717W422 2,932 145,163 SH   DFND 1 0 0 145,163
ISHARES TR BARCLYS CR BD 464288620 373 3,414 SH   DFND   3,414 0 0
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 18,235 229,752 SH   DFND   229,752 0 0
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 4,374 55,110 SH   DFND 3, 2, 1 55,110 0 0
AQUA AMERICA INC COM COM 03836W103 3,049 101,500 SH   DFND 3 101,500 0 0
MARKEL CORP COM 570535104 21 23 SH   DFND 2 23 0 0
VSE CORP COM 918284100 23 600 SH   DFND 2 600 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 83 5,000 SH   DFND 3 5,000 0 0
ISHARES TR GLOBAL TECH ETF 464287291 220 2,000 SH   DFND 3 2,000 0 0
CHIPOTLE MEXICAN GRILL INC COM 169656105 11 28 SH   DFND 3, 1 28 0 0
RESMED INC COM 761152107 3,810 61,400 SH   DFND 3 61,400 0 0
TJX COS INC NEW COM 872540109 2,876 38,275 SH   DFND 3 38,275 0 0
THOR INDS INC COM 885160101 2,321 23,200 SH   DFND 3 23,200 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 15 308 SH   DFND 2 308 0 0
AMAG PHARMACEUTICALS INC COM 00163U106 3 86 SH   DFND 1 86 0 0
HOST HOTELS & RESORTS INC COM 44107P104 94 5,000 SH   DFND 3 5,000 0 0
UNITED STATES OIL FUND LP UNITS 91232N108 5,944 507,172 SH   DFND 1 872 0 506,300
VANGUARD WORLD FDS HEALTH CAR ETF 92204A504 318 2,510 SH   DFND 3, 1 2,300 0 210
PROSHARES TR II ULT BLMBG CD OIL 74347W320 2 161 SH   DFND 1 161 0 0
SPDR SERIES TRUST S&P INS ETF 78464A789 945 11,390 SH   DFND 1 0 0 11,390
PAPA JOHNS INTL INC COM 698813102 573 6,700 SH   DFND 3 6,700 0 0
VANGUARD WORLD FDS INDUSTRIAL ETF 92204A603 51 430 SH   DFND 1 0 0 430
ISHARES TR U.S. AER&DEF ETF 464288760 1,259 8,961 SH   DFND 1 0 0 8,961
UNITED CONTL HLDGS INC COM 910047109 6 82 SH   DFND 1 82 0 0
SPDR SERIES TRUST S&P DIVID ETF 78464A763 1,363 15,929 SH   DFND 2 15,929 0 0
VANGUARD INDEX FDS REIT ETF 922908553 150 1,819 SH   DFND 3, 1 1,819 0 0
SPDR SERIES TRUST S&P BK ETF 78464A797 57,885 1,331,605 SH   DFND 1 20,810 0 1,310,795
TEXAS ROADHOUSE INC COM 882681109 5,742 119,020 SH   DFND 3 119,020 0 0
BOSTON PROPERTIES INC COM 101121101 57 450 SH   DFND 3 450 0 0
MASTERCARD INC CL A 57636Q104 2,763 26,757 SH   DFND 3, 1 15,895 0 10,862
POWERSHARES ETF TRUST DYN MEDIA PORT 73935X823 734 28,023 SH   DFND 2 28,023 0 0
WISDOMTREE TR EUROPE SMCP DV 97717W869 164 3,000 SH   DFND 3 3,000 0 0
VANGUARD SPECIALIZED PORTFOL DIV APP ETF 921908844 967 11,355 SH   DFND 1 11,355 0 0
VANGUARD WORLD FDS FINANCIALS ETF 92204A405 57 965 SH   DFND 1 0 0 965
PUBLICS TORAGE COM 74460D109 78 350 SH   DFND 3 350 0 0
ISHARES TR DJ HOME CONSTN 464288752 1,447 52,640 SH   DFND 2, 1 50,023 0 2,617
SPDR SERIES TRUST S&P HOMEBUILD 78464A888 11,372 335,952 SH   DFND 1 29,258 0 306,694
POWERSHARES ETF TRUST DYN FD & BEV 73935X849 917 27,409 SH   DFND 2 27,409 0 0
VANGUARD WORLD FDS CONSUM STP ETF 92204A207 174 1,300 SH   DFND 3 1,300 0 0
OMEGA HEALTHCARE INVS INC COM 681936100 6 200 SH   DFND 1 200 0 0
POWERSHARES ETF TRUST DYNA BUYBK ACH 73935X286 3,273 64,865 SH   DFND   64,865 0 0
POWERSHARES ETF TRUST DYNA BUYBK ACH 73935X286 13 258 SH   DFND 1 258 0 0
VANGUARD WORLD FDS INF TECH ETF 92204A702 871 7,172 SH   DFND 1 7,172 0 0
WISDOMTREE TR HIGH DIV FD 97717W208 18,710 278,015 SH   DFND 2 278,015 0 0
PENNSYLVANIA RL ESTATE INVT SH BEN INT 709102107 57 3,000 SH   DFND 3 3,000 0 0
WISDOMTREE TRUST JAPN HEDGE EQT 97717W851 710 14,331 SH   DFND   14,331 0 0
WISDOMTREE TRUST JAPN HEDGE EQT 97717W851 54,651 1,103,168 SH   DFND 3, 2, 1 906,542 0 196,626
PROTALIXB IOTHERAPEUTICS INC COM 74365A101 10 22,250 SH   DFND 1 22,250 0 0
ISHARES GLB CNS DISC ETF 464288745 135 1,500 SH   DFND 3 1,500 0 0
RYDEX ETF TRUST GUG S&P500EQWTTE 78355W817 41,477 382,309 SH   DFND 3, 2, 1 374,079 0 8,230
CATALYST BIOSCIENCES INC COM 14888D109 0 37 SH   DFND 1 37 0 0
VANECK VECTORS ETF TR RUSSIA ETF ADDED 92189F403 2,608 122,880 SH   DFND 3, 1 73,000 0 49,880
SPDR INDEX SHS FDS S&P CHINA ETF 78463X400 60,881 844,984 SH   DFND 2, 1 271,938 0 573,046
DELTA AIR LINES INC DEL COM NEW 247361702 2,164 44,000 SH   DFND 3 44,000 0 0
ISHARES TR INTL SEL DIV ETF 464288448 0 1 SH   DFND 1 1 0 0
ISHARES TR BARCLYS 1-3YR CR 464288646 1,280 12,193 SH   DFND   12,193 0 0
ISHARES TR BARCLYS 3-7 YR 464288661 18 144 SH   DFND 1 144 0 0
CUBESMART COM 229663109 80 3,000 SH   DFND 3 3,000 0 0
SPDR SERIES TRUST S&P REGL BKG 78464A698 837 15,055 SH   DFND   15,055 0 0
SPDR SERIES TRUST S&P REGL BKG 78464A698 4,034 72,595 SH   DFND 1 0 0 72,595
CVR ENERGY INC COM 12662P108 4 139 SH   DFND 1 139 0 0
WISDOMTREE TR EMG MKTS SMCAP 97717W281 227 5,800 SH   DFND 1 0 0 5,800
TUCOWS INC COM NEW 898697206 635 18,000 SH   DFND 3 18,000 0 0
SPDR SERIES TRUST S&P RETAIL ETF 78464A714 127 2,875 SH   DFND 2 2,875 0 0
LIBERTY PPTY TR SH BEN INT 531172104 99 2,500 SH   DFND 3 2,500 0 0
PHILIP MORRIS INTL INC COM 718172109 306 3,350 SH   DFND 3, 1 350 0 3,000
APPROACH RESOURCES INC COM 03834A103 0 11 SH   DFND 1 11 0 0
BROADWIND ENERGY INC COM NEW 11161T207 79 19,531 SH   DFND 1 19,531 0 0
ISHARES TR MSCI ACWI INDX 464288257 509 8,609 SH   DFND 3, 1 5,523 0 3,086
ISHARES TR MSCI ACWI INDX 464288257 30 500 SH   DFND   500 0 0
VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF 922042742 22 360 SH   DFND 1 360 0 0
ALBIREO PHARMA INC COM ADDED 01345P106 42 2,367 SH   DFND 1 2,367 0 0
DISCOVERY COMMUNICATNS NEW COM SER C 25470F302 13 500 SH   DFND 2 500 0 0
ENTEROMEDICS INC COM PAR ADDED 29365M505 0 143 SH   DFND 1 143 0 0
DIREXION SHS ETF TR DLY S&P 500 BEAR 25459Y371 2 223 SH   DFND 1 223 0 0
ISHARES TR JPMORGAN USD 464288281 55 500 SH   DFND 3 500 0 0
MGT CAPITAL INVTS INC COM NEW 55302P202 4 5,850 SH   DFND 1 5,850 0 0
LIFE STORAGE INC COM ADDED 53223X107 102 1,200 SH   DFND 3 1,200 0 0
ISHARES TR MSCI ACJPN IDX 464288182 108,913 1,982,760 SH   DFND 2, 1 1,373,574 0 609,186
VENTAS INC COM 92276F100 94 1,500 SH   DFND 3 1,500 0 0
SPDR INDEX SHS FDS DJ GLB RL ES ETF 78463X749 1 22 SH   DFND 1 22 0 0
BARCLAYS BK PLC IPATH S&P500 VIX ADDED 06740Q252 192 7,546 SH   DFND 2 7,546 0 0
SPDR SERIES TRUST INTR TRM CORP BD 78464A375 1,669 49,207 SH   DFND 1 49,207 0 0
FIRST TR EXCHANGE TRADED FD ISE REVERE NAT ADDED 33733E807 68 2,600 SH   DFND 1 0 0 2,600
AGNC INVT CORP COM ADDED COM ADDED 00123Q104 73 4,000 SH   DFND 3 4,000 0 0
DIREXION SHS ETF TR 20YR TRES BULL 25459W540 1 71 SH   DFND 1 71 0 0
ARMSTRONG WORLD INDS INC NEW COM 04247X102 6 143 SH   DFND 1 143 0 0
FRANKLIN STREET PPTYS CORP COM 35471R106 78 6,000 SH   DFND 3 6,000 0 0
GLOBALXFDS CHINA CONS ETF 37950E408 9,257 826,508 SH   DFND 1 8,007 0 818,501
ISHARES INTERM CR BD ETF 464288638 358 3,305 SH   DFND 1 3,305 0 0
ISHARES INTERM CR BD ETF 464288638 13,325 123,162 SH   DFND   123,162 0 0
ISHARES INDIA 50 ETF 464289529 18,935 692,581 SH   DFND 2 692,581 0 0
PROSHARES TR ULTRAPRO SH NW14 74348A418 83 6,366 SH   DFND 1 6,366 0 0
PROSHARES TR ULTPRO SHT RUSS 74348A335 12 932 SH   DFND 1 932 0 0
INVESCO MORTGAGE CAPITAL INC COM 46131B100 88 6,000 SH   DFND 3 6,000 0 0
ISHARES TR US REGNL BKS ETF 464288778 38 830 SH   DFND 1 0 0 830
LEAR CORP COM NEW 521865204 1,902 14,370 SH   DFND 3 14,370 0 0
SPDR SERIES TRUST S&P PHARMAC 78464A722 7,317 187,182 SH   DFND 1 0 0 187,182
SPDR SERIES TRUST S&P PHARMAC 78464A722 744 19,030 SH   DFND   19,030 0 0
RYDEX ETF TRUST GUG S&P500EQWTHC 78355W841 88 600 SH   DFND 3 600 0 0
FIRST TR EXCHANGE TRADED FD DJ INTERNT IDX 33733E302 1,301 16,296 SH   DFND   16,296 0 0
ISHARES TR MSCI INDONIA ETF 46429B309 693 28,700 SH   DFND 3 28,700 0 0
TESLA MTRS INC COM 88160R101 18 86 SH   DFND 1 86 0 0
VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206C870 625 7,291 SH   DFND   7,291 0 0
VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206C870 1,677 19,563 SH   DFND 3, 2, 1 19,563 0 0
COLUMBIA ETF TR II EMRG MARKETS ETF ADDED 19762B509 12,629 570,155 SH   DFND 2, 1 163,506 0 406,649
GENERAL MTRS CO COM 37045V100 3 94 SH   DFND 1 94 0 0
FXCM INC CL A NEW 302693205 0 42 SH   DFND 1 42 0 0
DIREXION SHS ETF TR DAILY GOLD MINER 25490K570 0 5 SH   DFND 1 5 0 0
VANGUARD STAR FD VG TL INTL STK F 921909768 19 415 SH   DFND 1 415 0 0
INSPERITY INC COM 45778Q107 1,190 16,770 SH   DFND 3 16,770 0 0
GNC HLDGS INC COM CL A 36191G107 3 252 SH   DFND 1 252 0 0
IMPERVA INC COM 45321L100 96 2,488 SH   DFND   2,488 0 0
SPIRIT AIRLS INC COM 848577102 174 3,000 SH   DFND 1 0 0 3,000
PROSHARES TR II ULTRA VIX SHORT 74347W254 9 993 SH   DFND 1 993 0 0
CREDIT SUISSE NASSAU BRH 3X LONG GOLD 22542D688 3 384 SH   DFND 1 384 0 0
PIMCO ETF TR TOTL RETN ETF 72201R775 2,455 23,576 SH   DFND 1 23,576 0 0
PHILLIPS 66 COM 718546104 3 36 SH   DFND 1 36 0 0
AEVI GENOMIC MEDICINE INC COM ADDED 00835P105 22 4,339 SH   DFND   4,339 0 0
ORGANOVO HLDGS INC COM 68620A104 1 150 SH   DFND 1 150 0 0
ISHARES TR MIN VOL USA ETF 46429B697 1,571 34,750 SH   DFND 1 85 0 34,665
LIBERTY EXPEDIA HOLDINGS SER A COM ADDED 53046P109 9 220 SH   DFND 2 220 0 0
ISHARES EM MK MINVOL ETF 464286533 681 13,931 SH   DFND 1 13,235 0 696
POWERSHARES ETF TR II KBW BK PORT 73937B746 54,559 1,154,200 SH   DFND 2 1,154,200 0 0
CREDIT SUISSE NASSAU BRH VS 3XINV CRUDE 22542D548 25 556 SH   DFND 1 556 0 0
GLOBAL X FDS GLB X SUPERDIV 37950E549 1 40 SH   DFND 1 40 0 0
REDHILL BIOPHARMA LTD SPONSORED ADS SPONSORED ADS 757468103 93 8,907 SH   DFND   8,907 0 0
ABBVIE INC COM 00287Y109 839 13,400 SH   DFND 3, 1 8,400 0 5,000
SCHWAB STRATEGIC TR US REIT ETF 808524847 369 9,000 SH   DFND 3 9,000 0 0
COTY INC COM CL A 222070203 4 207 SH   DFND 1 207 0 0
ISHARES TR MSCI INDIA ETF ADDED 46429B598 25,842 963,888 SH   DFND 2, 1 55,324 0 908,564
DIREXION SHS ETF TR DAILY JR GOLD MI 25490K554 2 350 SH   DFND 1 350 0 0
DARIOHEALTH CORP COM ADDED 23725P100 38 11,792 SH   DFND 1 11,792 0 0
VARONIS SYS INC COM 922280102 40 1,500 SH   DFND   1,500 0 0
ALPHABET INC CAP STK CL C ADDED 02079K107 5,273 6,832 SH   DFND 1 2,602 0 4,230
ISHARES INC CORE MSCI EMKT 46434G103 658 15,500 SH   DFND 1 0 0 15,500
SPDR SER TR S&P1500MOMTILT 78468R705 137 1,457 SH   DFND   1,457 0 0
POWERSHARES ETF TR II PWRS INT BUYBK 73937B621 1,185 41,900 SH   DFND   41,900 0 0
ETF MANAGERS TR PUREFUNDS ISE CY ADDED 26924G201 947 35,824 SH   DFND 1 400 0 35,424
CALIFORNIA RES CORP COM NEW ADDED 13057Q206 1 65 SH   DFND 1 2 0 63
ISHARES TR CORE MSCI EURO 46434V738 49 1,215 SH   DFND 1 1,215 0 0
NANO DIMENSION LTD SPONS ADR 63008G104 36 6,000 SH   DFND   6,000 0 0
COMMERCEHUB INC COM SER A ADDED 20084V108 1 55 SH   DFND 2 55 0 0
COMMERCEHUB INC COM SER C ADDED 20084V306 2 110 SH   DFND 2 110 0 0
DELL TECHNOLOGIES INC COM CL V ADDED 24703L103 321 5,841 SH   DFND 1 0 0 5,841
QUALITY CARE PPTYS INC COM ADDED 747545101 0 14 SH   DFND 1 14 0 0
LIBERTY INTERACTIVE CORP LBT VEN COM A NE ADDED 53071M856 12 330 SH   DFND 2 330 0 0
VANGUARD INTL EQUITY INDEX F GLB EX US ETF 922042676 149 3,000 SH   DFND 3 3,000 0 0
POWERSHARES ETF TR II S&P SMCP IT PO 73937B860 376 5,400 SH   DFND 3 5,400 0 0
ISHARES TR MSCI POL CAP ETF 46429B606 145 8,000 SH   DFND 3 8,000 0 0
WISDOMTREE TR EUROPE HEDGED EQ 97717X701 45,799 797,886 SH   DFND 3, 2, 1 455,709 0 342,177
ISHARES TR BRC 0-5 YR TIP 46429B747 424 4,212 SH   DFND 1 4,212 0 0
CREDIT SUISSE AG NASSAU BRH NT LKD 30 ADDED 22539T274 0 3 SH   DFND 1 3 0 0
VANGUARD INDEX FDS, S&P 500 ETF SHS 922908363 2,338 11,388 SH   DFND   11,388 0 0
VANGUARD INDEX FDS, S&P 500 ETF SHS 922908363 6,261 30,493 SH   DFND 3, 2, 1 9,221 0 21,272
CREDIT SUISSE NASSAU BRH INVRS VIX STERM 22542D795 5 100 SH   DFND 1 100 0 0
VANECK VECTORS ETF TR OIL SVCS ETF ADDED 92189F718 4,729 141,792 SH   DFND 2 141,792 0 0
VANECK VECTORS ETF TR PHARMACEUTICAL E ADDED 92189F692 441 8,395 SH   DFND 3, 1 8,395 0 0
FACEBOOK INC CL A 30303M102 3,297 28,659 SH   DFND 3, 1 12,093 0 16,566
FIRST TR EXCHANGE TRADED FD NASD TECH DIV 33738R118 340 11,500 SH   DFND 3 11,500 0 0
MAZOR ROBOTICS LTD SPONSORED ADS 57886P103 2,697 123,052 SH   DFND   123,052 0 0
MAZOR ROBOTICS LTD SPONSORED ADS 57886P103 25 1,123 SH   DFND 1 1,123 0 0