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
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 9,141 40,316 SH   SOLE 0 40,316 0 0
ISHARES SILVER TR ISHARES 46428Q109 7,371 3,000 SH Call SOLE 0 3,000 0 0
ISHARES TR PHLX SEMICND ETF 464287523 20,754 48,950 SH   SOLE 0 48,950 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 74,943 2,200,981 SH   SOLE 0 2,200,981 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 10,038 75,580 SH   SOLE 0 75,580 0 0