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
ORMAT TECHNOLOGIES INC COM 686688102 13,565 213,993 SH   DFND 1,2 213,993 0 0
Liveperson COM 538146101 5,952 212,282 SH   DFND 1,2 212,282 0 0
SPDR TR SBI HEALTHCARE SBI HEALTHCARE 81369Y209 8,669 93,574 SH   DFND 1,2 93,574 0 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 12,195 1,321,246 SH   DFND 1,2 1,321,246 0 0
ISHARES INC MSCI BRIC INDX MSCI bric ETF 464286772 16,370 273,429 SH   DFND 1,2 273,429 0 0
GOLDEN ENTMT INC COM com 37954Y715 15,266 735,724 SH   DFND 1,2 735,724 0 0
PERRIGO CO PLC SHS COM g97822103 41,356 868,462 SH   DFND 1,2 868,462 0 0
SPDR TR SBI HEALTHCARE SBI HEALTHCARE 81369Y308 36,222 623,771 SH   DFND 1,2 623,771 0 0
VANGUARD WHITEHALL FDS INC INTL HIGH ETF INC ETF 922042858 58,760 1,381,608 SH   DFND 1,2 1,381,608 0 0
TOWER SEMICONDUCTOR LTD SHS NEW COM M87915274 4,394 278,660 SH   DFND 1,2 278,660 0 0
NEWPARK RES INC CALL COM 653656108 1,222 8,922 SH   DFND 1,2 8,922 0 0
VENTAS INC COM 922908363 125,519 466,355 SH   DFND 1,2 466,355 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 53,394 182,232 SH   DFND 1,2 182,232 0 0
OPKO HEALTH INC COM 68375N103 1,998 818,690 SH   DFND 1,2 818,690 0 0
VANGUARD INDEX FDS REIT ETF 922908553 318,264 3,641,466 SH   DFND 1,2 3,641,466 0 0
ISHARES TR EDGE MSCI USA VL MSCI USA etf 46429B598 15,729 445,594 SH   DFND 1,2 445,594 0 0
SPIRIT AEROSYSTEMS HLDGS INC COM 83417M104 2,398 38,394 SH   DFND 1,2 38,394 0 0
SPDR SERIES TRUST PUT COM 78464A888 8,427 202,190 SH   DFND 1,2 202,190 0 0
INTERCEPT PHARMACEUTICALS IN PUT COM 459506101 13,415 92,462 SH   DFND 1,2 92,462 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 17,980 61,365 SH   DFND   61,365 0 0
VANGUARD INDEX FDS REIT ETF 922908553 32,583 372,800 SH   DFND   372,800 0 0
ORMAT TECHNOLOGIES INC COM 686688102 20,555 324,257 SH   DFND   324,257 0 0
Liveperson COM 538146101 8,725 311,176 SH   DFND   311,176 0 0
SPDR TR SBI HEALTHCARE SBI HEALTHCARE 81369Y209 14,769 159,426 SH   DFND   159,426 0 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 17,688 1,916,380 SH   DFND   1,916,380 0 0
ISHARES INC MSCI BRIC INDX MSCI bric ETF 464286772 23,216 387,771 SH   DFND   387,771 0 0
GOLDEN ENTMT INC COM com 37954Y715 22,190 1,069,376 SH   DFND   1,069,376 0 0
PERRIGO CO PLC SHS COM g97822103 64,117 1,346,437 SH   DFND   1,346,437 0 0
SPDR TR SBI HEALTHCARE SBI HEALTHCARE 81369Y308 53,089 914,229 SH   DFND   914,229 0 0
VANGUARD WHITEHALL FDS INC INTL HIGH ETF INC ETF 922042858 80,921 1,902,692 SH   DFND   1,902,692 0 0
TOWER SEMICONDUCTOR LTD SHS NEW COM M87915274 6,522 413,551 SH   DFND   413,551 0 0
NEWPARK RES INC CALL COM 653656108 1,792 13,078 SH   DFND   13,078 0 0
VENTAS INC COM 922908363 183,465 681,645 SH   DFND   681,645 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 81,689 278,802 SH   DFND   278,802 0 0
OPKO HEALTH INC COM 68375N103 3,108 1,273,916 SH   DFND   1,273,916 0 0
VANGUARD INDEX FDS REIT ETF 922908553 605,738 6,930,638 SH   DFND   6,930,638 0 0
ISHARES TR EDGE MSCI USA VL MSCI USA etf 46429B598 23,009 651,806 SH   DFND   651,806 0 0
SPIRIT AEROSYSTEMS HLDGS INC COM 83417M104 3,505 56,109 SH   DFND   56,109 0 0
SPDR SERIES TRUST PUT COM 78464A888 12,246 293,810 SH   DFND   293,810 0 0
INTERCEPT PHARMACEUTICALS IN PUT COM 459506101 19,651 135,438 SH   DFND   135,438 0 0