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
3m Co COM 88579Y101 5,272 35,000 SH   DFND 1 35,000 0 0
Abbott Laboratories COM 002824100 2,695 60,000 SH   DFND 1 60,000 0 0
Abbvie Inc COM 00287Y109 6,813 115,000 SH   DFND 1 115,000 0 0
Aetna Inc COM 00817Y108 2,703 25,000 SH   DFND 1 25,000 0 0
Alibaba Group Holding Ltd ADR 01609W102 3,251 40,000 SH   DFND 1 40,000 0 0
Allergan Plc COM G0083B108 4,687 15,000 SH   DFND 1,2 15,000 0 0
Allstate Corp/the COM 020002101 2,484 40,000 SH   DFND 1 40,000 0 0
American Express Co COM 025816109 13,562 195,000 SH   DFND 1,2 195,000 0 0
American International Group Inc COM 026874784 930 15,000 SH   DFND 1 15,000 0 0
Ameriprise Financial Inc COM 03076C106 4,257 40,000 SH   DFND 1,2 40,000 0 0
Amgen Inc COM 031162100 5,682 35,000 SH   DFND 1,2 35,000 0 0
Amphenol Corp COM 032095101 1,567 30,000 SH   DFND 1 30,000 0 0
Anadarko Petroleum Corp COM 032511107 2,186 45,000 SH   DFND 1 45,000 0 0
Apache Corp COM 037411105 2,223 50,000 SH   DFND 1 50,000 0 0
Apple Inc COM 037833100 14,736 140,000 SH   DFND 1,2 140,000 0 0
At&t Inc COM 00206R102 7,914 230,000 SH   DFND 2 230,000 0 0
Baidu Inc ADR 056752108 2,268 12,000 SH   DFND 2 12,000 0 0
Baxter International Inc COM 071813109 1,526 40,000 SH   DFND 2 40,000 0 0
Becton Dickinson And Co COM 075887109 2,774 18,000 SH   DFND 2 18,000 0 0
Berkshire Hathaway Inc COM 084670702 11,884 90,000 SH   DFND 1,2 90,000 0 0
Biogen Inc COM 09062X103 3,370 11,000 SH   DFND 1,2 11,000 0 0
Blackrock Inc COM 09247X101 5,108 15,000 SH   DFND 1 15,000 0 0
Bp Plc ADR 055622104 4,376 140,000 SH   DFND 1 140,000 0 0
Capital One Financial Corp COM 14040H105 2,526 35,000 SH   DFND 1 35,000 0 0
Cardinal Health Inc COM 14149Y108 1,339 15,000 SH   DFND 1 15,000 0 0
Cbs Corp COM 124857202 3,535 75,000 SH   DFND 1,2 75,000 0 0
Celgene Corp COM 151020104 958 8,000 SH   DFND 1 8,000 0 0
Chemours Co/the COM 163851108 21 4,000 SH   DFND 2 4,000 0 0
Chevron Corp COM 166764100 13,494 150,000 SH   DFND 1,2 150,000 0 0
Cisco Systems Inc COM 17275R102 6,246 230,000 SH   DFND 1,2 230,000 0 0
Citigroup Inc COM 172967424 2,329 45,000 SH   DFND 1 45,000 0 0
Coach Inc COM 189754104 1,637 50,000 SH   DFND 1 50,000 0 0
Coca-cola Co/the COM 191216100 4,940 115,000 SH   DFND 2 115,000 0 0
Comcast Corp COM 20030N101 1,975 35,000 SH   DFND 1,2 35,000 0 0
Conocophillips COM 20825C104 8,638 185,000 SH   DFND 1,2 185,000 0 0
Csx Corp COM 126408103 1,168 45,000 SH   DFND 2 45,000 0 0
Cvs Health Corp COM 126650100 3,911 40,000 SH   DFND 1 40,000 0 0
Devon Energy Corp COM 25179M103 1,440 45,000 SH   DFND 1 45,000 0 0
Dick's Sporting Goods Inc COM 253393102 1,237 35,000 SH   DFND 1 35,000 0 0
Discover Financial Services COM 254709108 2,681 50,000 SH   DFND 2 50,000 0 0
Discovery Communications Inc COM 25470F104 2,134 80,000 SH   DFND 2 80,000 0 0
Duke Energy Corp COM 26441C204 7,139 100,000 SH   DFND 1,2 100,000 0 0
Eaton Corp Plc COM G29183103 1,301 25,000 SH   DFND 1 25,000 0 0
Emc Corp/ma COM 268648102 2,183 85,000 SH   DFND 1 85,000 0 0
Emerson Electric Co COM 291011104 8,370 175,000 SH   DFND 1,2 175,000 0 0
Eog Resources Inc COM 26875P101 3,540 50,000 SH   DFND 1 50,000 0 0
Express Scripts Holding Co COM 30219G108 2,622 30,000 SH   DFND 2 30,000 0 0
Exxon Mobil Corp COM 30231G102 17,149 220,000 SH   DFND 1,2 220,000 0 0
Facebook Inc COM 30303M102 2,093 20,000 SH   DFND 2 20,000 0 0
Fastenal Co COM 311900104 4,898 120,000 SH   DFND 1,2 120,000 0 0
Fedex Corp COM 31428X106 3,725 25,000 SH   DFND 1,2 25,000 0 0
Ford Motor Co COM 345370860 2,184 155,000 SH   DFND 1 155,000 0 0
Franklin Resources Inc COM 354613101 4,050 110,000 SH   DFND 2 110,000 0 0
Gilead Sciences Inc COM 375558103 5,059 50,000 SH   DFND 1 50,000 0 0
Goldman Sachs Group Inc/the COM 38141G104 5,407 30,000 SH   DFND 1 30,000 0 0
Halliburton Co COM 406216101 2,723 80,000 SH   DFND 1 80,000 0 0
Hca Holdings Inc COM 40412C101 1,691 25,000 SH   DFND 1 25,000 0 0
Humana Inc COM 444859102 2,410 13,500 SH   DFND 1 13,500 0 0
Intel Corp COM 458140100 1,033 30,000 SH   DFND 1 30,000 0 0
International Business Machines Corp COM 459200101 6,331 46,000 SH   DFND 2 46,000 0 0
Invesco Ltd COM G491BT108 2,176 65,000 SH   DFND 1,2 65,000 0 0
Ishares Iboxx $ High Yield Corporate Bond Etf ETF 464288513 50,765 630,000 SH   DFND 1 630,000 0 0
Ishares Iboxx $ Investment Grade Corporate Bond Etf ETF 464287242 39,333 345,000 SH   DFND 1 345,000 0 0
Ishares Russell 2000 Etf ETF 464287655 5,063 45,000 SH   DFND 1 45,000 0 0
Ishares Tips Bond Etf ETF 464287176 48,808 445,000 SH   DFND 1 445,000 0 0
Ishares U.s. Real Estate Etf ETF 464287739 5,258 70,000 SH   DFND 1 70,000 0 0
Johnson & Johnson COM 478160104 8,731 85,000 SH   DFND 1 85,000 0 0
Jpmorgan Chase & Co COM 46625H100 5,282 80,000 SH   DFND 1 80,000 0 0
KKR & CO LP COM 48248M102 3,897 250,000 SH   DFND 1 250,000 0 0
Las Vegas Sands Corp COM 517834107 1,973 45,000 SH   DFND 1 45,000 0 0
Lowe's Cos Inc COM 548661107 3,802 50,000 SH   DFND 1 50,000 0 0
Macy's Inc COM 55616P104 1,119 32,000 SH   DFND 1 32,000 0 0
Mastercard Inc COM 57636Q104 974 10,000 SH   DFND 1 10,000 0 0
Mckesson Corp COM 58155Q103 3,353 17,000 SH   DFND 1 17,000 0 0
Mead Johnson Nutrition Co COM 582839106 1,579 20,000 SH   DFND 1 20,000 0 0
Medtronic Plc COM G5960L103 3,077 40,000 SH   DFND 1,2 40,000 0 0
Merck & Co Inc COM 58933Y105 14,790 280,000 SH   DFND 1,2 280,000 0 0
Metlife Inc COM 59156R108 4,821 100,000 SH   DFND 1 100,000 0 0
Michael Kors Holdings Ltd COM G60754101 2,003 50,000 SH   DFND 1 50,000 0 0
Microsoft Corp COM 594918104 2,497 45,000 SH   DFND 1 45,000 0 0
Monsanto Co COM 61166W101 3,448 35,000 SH   DFND 2 35,000 0 0
Morgan Stanley COM 617446448 3,340 105,000 SH   DFND 1 105,000 0 0
Mylan Nv COM 628530107 2,974 55,000 SH   DFND 1 55,000 0 0
National Oilwell Varco Inc COM 637071101 837 25,000 SH   DFND 1 25,000 0 0
Nordstrom Inc COM 655664100 875 17,575 SH   DFND 1 17,575 0 0
Occidental Petroleum Corp COM 674599105 4,733 70,000 SH   DFND 1,2 70,000 0 0
Oracle Corp COM 68389X105 9,132 250,000 SH   DFND 2 250,000 0 0
Pepsico Inc COM 713448108 2,498 25,000 SH   DFND 1,2 25,000 0 0
PFIZER INC COM 717081103 8,554 265,000 SH   DFND 1 265,000 0 0
Philip Morris International Inc COM 718172109 9,231 105,000 SH   DFND 1 105,000 0 0
Praxair Inc COM 74005P104 2,560 25,000 SH   DFND 1 25,000 0 0
Precision Castparts Corp COM 740189105 5,800 25,000 SH   DFND 2 25,000 0 0
Priceline Group Inc/the COM 741503403 1,594 1,250 SH   DFND 1 1,250 0 0
Procter & Gamble Co/the COM 742718109 19,853 250,000 SH   DFND 1,2 250,000 0 0
Prudential Financial Inc COM 744320102 8,141 100,000 SH   DFND 1,2 100,000 0 0
Qualcomm Inc COM 747525103 8,747 175,000 SH   DFND 1,2 175,000 0 0
Ralph Lauren Corp COM 751212101 2,230 20,000 SH   DFND 1 20,000 0 0
Range Resources Corp COM 75281A109 1,231 50,000 SH   DFND 1 50,000 0 0
Sandisk Corp COM 80004C101 2,660 35,000 SH   DFND 1 35,000 0 0
Schlumberger Ltd COM 806857108 4,185 60,000 SH   DFND 1 60,000 0 0
Southwestern Energy Co COM 845467109 675 95,000 SH   DFND 1 95,000 0 0
T Rowe Price Group Inc COM 74144T108 2,502 35,000 SH   DFND 1 35,000 0 0
Target Corp COM 87612E106 1,815 25,000 SH   DFND 1 25,000 0 0
Tiffany & Co COM 886547108 4,768 62,500 SH   DFND 1 62,500 0 0
Time Warner Inc COM 887317303 1,940 30,000 SH   DFND 1 30,000 0 0
Twenty-first Century Fox Inc COM 90130A101 4,210 155,000 SH   DFND 1 155,000 0 0
Union Pacific Corp COM 907818108 4,692 60,000 SH   DFND 1,2 60,000 0 0
United Technologies Corp COM 913017109 12,489 130,000 SH   DFND 1,2 130,000 0 0
Unitedhealth Group Inc COM 91324P102 2,353 20,000 SH   DFND 1,2 20,000 0 0
Us Bancorp COM 902973304 7,254 170,000 SH   DFND 1,2 170,000 0 0
Utilities Select Sector Spdr Fund ETF 81369Y886 19,909 460,000 SH   DFND 2 460,000 0 0
Vanguard Ftse Europe Etf ETF 922042874 35,165 705,000 SH   DFND 1,2 705,000 0 0
Verizon Communications Inc COM 92343V104 12,017 260,000 SH   DFND 1,2 260,000 0 0
Vmware Inc COM 928563402 1,018 18,000 SH   DFND 2 18,000 0 0
Walgreens Boots Alliance Inc COM 931427108 2,555 30,000 SH   DFND 1 30,000 0 0
Wal-mart Stores Inc COM 931142103 15,938 260,000 SH   DFND 1,2 260,000 0 0
Walt Disney Co/the COM 254687106 1,576 15,000 SH   DFND 1,2 15,000 0 0
Wells Fargo & Co COM 949746101 8,969 165,000 SH   DFND 1 165,000 0 0
Ww Grainger Inc COM 384802104 2,431 12,000 SH   DFND 2 12,000 0 0
Yahoo! Inc COM 984332106 1,996 60,000 SH   DFND 2 60,000 0 0
Yum! Brands Inc COM 988498101 1,461 20,000 SH   DFND 1 20,000 0 0
Zimmer Holdings Inc COM 98956P102 2,565 25,000 SH   DFND 2 25,000 0 0