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

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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
BERKSHIRE HATHAWAY INC DEL CL A 84670108 8,086 38 SH   DFND 1 38 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104 331 8,603 SH   DFND 1 8,603 0 0
YAHOO INC COM 984332106 1,327 36,062 SH   DFND 1 36,062 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 110 1,739 SH   DFND 1 1,739 0 0
ALPHABET INC CAP STK CL A 02079K107 459 616 SH   DFND 1 616 0 0
BARCLAYS BK PLC IPSP CROIL ETN 06738C786 238 46,523 SH   DFND 1 46,523 0 0
ISHARES TR 20 YR TR BD ETF 464287432 350 2,679 SH   DFND 1 2,679 0 0
SWISS HELVETIA FD INC COM 870875101 164 16,200 SH   DFND 1 16,200 0 0
LIBERTY TRIPADVISOR HLDGS IN COM SER A 531465102 468 21,120 SH   DFND 1 21,120 0 0
DIREXION SHS ETF TR OIL GAS BL 3X SH 25490K356 1,155 21,813 SH   DFND 1 21,813 0 0
DIREXION SHS ETF TR DAILY GOLD MINER 25490K570 1,831 31,273 SH   DFND 1 31,273 0 0
PROSHARES TR SHRT RUSSELL2000 74348A210 2,293 36,933 SH   DFND 1 36,933 0 0
DIREXION SHS ETF TR GLD MNRS BEAR 3X 25459W235 59 18,178 SH   DFND 1 18,178 0 0
CREDIT SUISSE NASSAU BRH VS 3XINV CRUDE 22542D548 542 3,400 SH   DFND 1 3,400 0 0
DIREXION SHS ETF TR DRX S&P500BULL 25459W862 1,468 17,556 SH   DFND 1 17,556 0 0
DIREXION SHS ETF TR DLY RUSSIA BL 3X 25490K273 795 14,971 SH   DFND 1 14,971 0 0
PROSHARES TR ULTRPRO S&P500 74347X864 618 9,768 SH   DFND 1 9,768 0 0
DIREXION SHS ETF TR DLY EMG MK BL 3X 25490K281 392 7,495 SH   DFND 1 7,495 0 0
DIREXION SHS ETF TR DAILY JR GOLD MI 25490K547 64 11,313 SH   DFND 1 11,313 0 0
DIREXION SHS ETF TR SP BIOTCH BL NEW 25490K323 419 15,289 SH   DFND 1 15,289 0 0
PROSHARES TR PSHS ULTRA QQQ 74347R206 517 7,010 SH   DFND 1 7,010 0 0
DIREXION SHS ETF TR DLY SMCAP BULL3X 25459W847 774 13,350 SH   DFND 1 13,350 0 0
PROSHARES TR ULTR RUSSL2000 74347X799 848 12,510 SH   DFND 1 12,510 0 0
UNITED STATES OIL FUND LP UNITS 91232N108 402 41,392 SH   DFND 1 41,392 0 0
ALPS ETF TR ALERIAN MLP 00162Q866 356 32,582 SH   DFND 1 32,582 0 0
PROSHARES TR PSHS ULT S&P 500 74347R107 829 12,997 SH   DFND 1 12,997 0 0
PROSHARES TR II SHT VIX ST TRM 74347W627 816 16,147 SH   DFND 1 16,147 0 0
PROSHARES TR ULTRAPRO QQQ 74347X831 1,064 10,386 SH   DFND 1 10,386 0 0
BARCLAYS BK PLC IPATH S&P500 VIX 06742E711 2,640 149,843 SH   DFND 1 149,843 0 0
CREDIT SUISSE NASSAU BRH INVRS VIX STERM 22542D795 2,190 84,603 SH   DFND 1 84,603 0 0
ISHARES TR CHINA LG-CAP ETF 464287184 212 6,284 SH   DFND 1 6,284 0 0