Horizon Investments 13F-HR Quarterly holdings report by institutional manager

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
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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
ABB LTD SPONSORED ADR	COM	000375204	630	26,517	SH		SOLE	NONE	26,517	0	0
AES CORP COM	COM	00130H105	117	10,277	SH		SOLE	NONE	10,277	0	0
ADVANCED MICRO DEVICES INC COM	COM	007903107	184	18,316	SH		SOLE	NONE	18,316	0	0
ALLIANT ENERGY CORP COM	COM	018802108	462	11,305	SH		SOLE	NONE	11,305	0	0
ALPHABET INC CAP STK CL A	COM	02079K305	528	509	SH		SOLE	NONE	509	0	0
AMAZON COM INC COM	COM	023135106	496	343	SH		SOLE	NONE	341	0	2
AMGEN INC COM	COM	031162100	2,000	11,730	SH		SOLE	NONE	5,865	0	5,865
APOLLO INVT CORP COM	COM	03761U106	92	17,599	SH		SOLE	NONE	0	0	17,599
APPLE INC COM	COM	037833100	611	3,640	SH		SOLE	NONE	3,640	0	0
AUTOMATIC DATA PROCESSING IN C	COM	053015103	1,665	14,669	SH		SOLE	NONE	8,949	0	5,720
BANK AMER CORP COM	COM	060505104	223	7,424	SH		SOLE	NONE	7,424	0	0
BANK N S HALIFAX COM	COM	064149107	2,078	33,674	SH		SOLE	NONE	16,111	0	17,563
BERKSHIRE HATHAWAY INC DEL CL	COM	084670702	350	1,757	SH		SOLE	NONE	1,757	0	0
BHP BILLITON LTD SPONSORED ADR	COM	088606108	309	6,955	SH		SOLE	NONE	0	0	6,955
BRISTOL MYERS SQUIBB CO COM	COM	110122108	1,030	16,287	SH		SOLE	NONE	16,287	0	0
BRIXMOR PPTY GROUP INC COM	COM	11120U105	1,008	66,126	SH		SOLE	NONE	66,126	0	0
CMS ENERGY CORP COM	COM	125896100	433	9,555	SH		SOLE	NONE	9,555	0	0
CAMPBELL SOUP CO COM	COM	134429109	972	22,438	SH		SOLE	NONE	22,438	0	0
CDN IMPERIAL BK COMM TORONTO C	COM	136069101	662	7,495	SH		SOLE	NONE	7,495	0	0
CANON INC SPONSORED ADR	COM	138006309	312	8,563	SH		SOLE	NONE	8,563	0	0
CHESAPEAKE ENERGY CORP COM	COM	165167107	276	91,274	SH		SOLE	NONE	91,274	0	0
CHEVRON CORP NEW COM	COM	166764100	1,022	8,960	SH		SOLE	NONE	1,364	0	7,596
CISCO SYS INC COM	COM	17275R102	964	22,478	SH		SOLE	NONE	0	0	22,478
CLOROX CO DEL COM	COM	189054109	712	5,348	SH		SOLE	NONE	391	0	4,957
COCA COLA CO COM	COM	191216100	545	12,552	SH		SOLE	NONE	3,136	0	9,416
DBX ETF TR XTRACKERS SHRT ADDE	COM	233051283	10,377	209,598	SH		SOLE	NONE	75,126	0	134,472
DBX ETF TR XTRACK USD HIGH	COM	233051432	41,350	835,022	SH		SOLE	NONE	702,457	0	132,565
DDR CORP COM	COM	23317H102	964	131,464	SH		SOLE	NONE	131,464	0	0
DELTA AIR LINES INC DEL COM NE	COM	247361702	708	12,918	SH		SOLE	NONE	373	0	12,545
DUKE ENERGY CORP NEW COM NEW	COM	26441C204	1,818	23,467	SH		SOLE	NONE	14,518	0	8,949
EXELON CORP COM	COM	30161N101	707	18,121	SH		SOLE	NONE	18,121	0	0
EXXON MOBIL CORP COM	COM	30231G102	1,174	15,741	SH		SOLE	NONE	15,741	0	0
FLIR SYS INC COM	COM	302445101	287	5,738	SH		SOLE	NONE	5,738	0	0
FACEBOOK INC CL A	COM	30303M102	342	2,140	SH		SOLE	NONE	2,127	0	13
FEDERATED INVS INC PA CL B	COM	314211103	671	20,080	SH		SOLE	NONE	20,080	0	0
F5 NETWORKS INC COM	COM	315616102	216	1,492	SH		SOLE	NONE	1,492	0	0
FIRST TR LRG CP VL ALPHADEX CO	COM	33735J101	2,650	50,247	SH		SOLE	NONE	0	0	50,247
FIRST TR LRG CP GRWTH ALPHAD C	COM	33735K108	2,729	42,767	SH		SOLE	NONE	0	0	42,767
FIRST TR EXCHANGE TRADED FD SE	COM	33738D309	22,179	460,905	SH		SOLE	NONE	412,014	0	48,891
FIRST TR EXCHANGE TRADED FD FI	COM	33738D408	16,129	338,775	SH		SOLE	NONE	260,545	0	78,230
FIRST TR EXCH TRADED FD III HO	COM	33739P871	243	7,109	SH		SOLE	NONE	0	0	7,109
FIRST TR EXCH TRADED FD III HO	COM	33739P889	470	21,023	SH		SOLE	NONE	0	0	21,023
GLAXOSMITHKLINE PLC SPONSORED	COM	37733W105	1,827	46,763	SH		SOLE	NONE	28,219	0	18,544
HELMERICH PAYNE INC COM	COM	423452101	1,156	17,375	SH		SOLE	NONE	17,375	0	0
HONEYWELL INTL INC COM	COM	438516106	529	3,663	SH		SOLE	NONE	550	0	3,113
HORIZON TECHNOLOGY FIN CORP CO	COM	44045A102	112	10,803	SH		SOLE	NONE	0	0	10,803
INTERNATIONAL BUSINESS MACHS C	COM	459200101	2,008	13,089	SH		SOLE	NONE	6,272	0	6,817
ISHARES TR CORE SP500 ETF	COM	464287200	3,132	11,803	SH		SOLE	NONE	0	0	11,803
ISHARES TR CORE US AGGBD ET	COM	464287226	3,735	34,825	SH		SOLE	NONE	0	0	34,825
ISHARES TR MSCI EMG MKT ETF	COM	464287234	232	4,815	SH		SOLE	NONE	0	0	4,815
ISHARES TR IBOXX INV CP ETF	COM	464287242	29,834	254,141	SH		SOLE	NONE	212,326	0	41,815
ISHARES TR 1 3 YR TREAS BD	COM	464287457	2,518	30,135	SH		SOLE	NONE	0	0	30,135
ISHARES TR RUS MID CAP ETF	COM	464287499	2,198	10,647	SH		SOLE	NONE	0	0	10,647
ISHARES TR CORE SP MCP ETF	COM	464287507	1,456	7,763	SH		SOLE	NONE	0	0	7,763
ISHARES TR RUSSELL 2000 ETF	COM	464287655	486	3,203	SH		SOLE	NONE	0	0	3,203
ISHARES TR INTL TREA BD ETF	COM	464288117	14,683	284,502	SH		SOLE	NONE	237,856	0	46,646
ISHARES TR JPMORGAN USD EMG	COM	464288281	30,151	267,250	SH		SOLE	NONE	221,090	0	46,160
ISHARES TR NATIONAL MUN ETF	COM	464288414	864	7,932	SH		SOLE	NONE	0	0	7,932
ISHARES TR IBOXX HI YD ETF	COM	464288513	1,447	16,901	SH		SOLE	NONE	0	0	16,901
ISHARES TR 1 3 YR CR BD ETF	COM	464288646	823	7,930	SH		SOLE	NONE	0	0	7,930
ISHARES TR SHORT TREAS BD	COM	464288679	66,704	604,367	SH		SOLE	NONE	423,634	0	180,733
ISHARES TR SP US PFD STK	COM	464288687	963	25,635	SH		SOLE	NONE	0	0	25,635
ISHARES TR USA MOMENTUM FCT	COM	46432F396	221,409	2,090,345	SH		SOLE	NONE	1,663,956	0	426,389
ISHARES INC CORE MSCI EMKT	COM	46434G103	168,358	2,882,848	SH		SOLE	NONE	2,283,831	0	599,017
ISHARES TR EXPONENTIAL TECH	COM	46434V381	25,590	703,400	SH		SOLE	NONE	588,074	0	115,326
JPMORGAN CHASE CO COM	COM	46625H100	280	2,549	SH		SOLE	NONE	2,549	0	0
JOHNSON JOHNSON COM	COM	478160104	1,041	8,122	SH		SOLE	NONE	1,984	0	6,138
JUNIPER NETWORKS INC COM	COM	48203R104	231	9,500	SH		SOLE	NONE	9,500	0	0
KELLOGG CO COM	COM	487836108	374	5,748	SH		SOLE	NONE	5,748	0	0
MSC INDL DIRECT INC CL A	COM	553530106	644	7,025	SH		SOLE	NONE	7,025	0	0
MACYS INC COM	COM	55616P104	782	26,305	SH		SOLE	NONE	26,305	0	0
MATTEL INC COM	COM	577081102	174	13,214	SH		SOLE	NONE	13,214	0	0
MEDLEY CAP CORP COM	COM	58503F106	61	15,424	SH		SOLE	NONE	0	0	15,424
MERCK CO INC COM	COM	58933Y105	942	17,300	SH		SOLE	NONE	1,973	0	15,327
MICROSOFT CORP COM	COM	594918104	508	5,567	SH		SOLE	NONE	5,567	0	0
NAVIENT CORPORATION COM	COM	63938C108	232	17,703	SH		SOLE	NONE	17,703	0	0
NEW YORK CMNTY BANCORP INC COM	COM	649445103	641	49,179	SH		SOLE	NONE	49,179	0	0
NOVARTIS A G SPONSORED ADR	COM	66987V109	814	10,066	SH		SOLE	NONE	0	0	10,066
NUTRIEN LTD COM ADDED	COM	67077M108	1,147	24,273	SH		SOLE	NONE	24,273	0	0
PACWEST BANCORP DEL COM	COM	695263103	1,434	28,943	SH		SOLE	NONE	12,727	0	16,216
PATTERSON COMPANIES INC COM	COM	703395103	267	12,027	SH		SOLE	NONE	12,027	0	0
PEOPLES UNITED FINANCIAL INC C	COM	712704105	773	41,408	SH		SOLE	NONE	41,408	0	0
PEPSICO INC COM	COM	713448108	1,190	10,904	SH		SOLE	NONE	1,026	0	9,878
PFIZER INC COM	COM	717081103	1,123	31,636	SH		SOLE	NONE	31,636	0	0
PINNACLE WEST CAP CORP COM	COM	723484101	455	5,704	SH		SOLE	NONE	5,704	0	0
POWERSHARES ETF TRUST FINL PFD	COM	73935X229	23,758	1,280,779	SH		SOLE	NONE	1,068,966	0	211,813
POWERSHARES ETF TRUST DYNM LRG	COM	73935X609	2,697	63,066	SH		SOLE	NONE	0	0	63,066
POWERSHARES ETF TR II SP600 LO	COM	73937B639	1,842	40,935	SH		SOLE	NONE	0	0	40,935
POWERSHARES ETF TR II PWRSHS S	COM	73937B654	3,033	76,930	SH		SOLE	NONE	0	0	76,930
PROCTER AND GAMBLE CO COM	COM	742718109	1,330	16,770	SH		SOLE	NONE	9,963	0	6,807
QORVO INC COM	COM	74736K101	210	2,986	SH		SOLE	NONE	2,986	0	0
RANGE RES CORP COM	COM	75281A109	208	14,274	SH		SOLE	NONE	14,274	0	0
REPUBLIC SVCS INC COM	COM	760759100	1,010	15,243	SH		SOLE	NONE	15,243	0	0
ROYAL DUTCH SHELL PLC SPONS AD	COM	780259206	1,240	19,432	SH		SOLE	NONE	19,432	0	0
SPDR SP 500 ETF TR TR UNIT	COM	78462F103	285	1,083	SH		SOLE	NONE	0	0	1,083
SPDR INDEX SHS FDS EURO STOXX	COM	78463X202	134,063	3,329,105	SH		SOLE	NONE	2,647,723	0	681,382
SPDR INDEX SHS FDS PORTFOLIO E	COM	78463X509	55,705	1,417,418	SH		SOLE	NONE	1,126,922	0	290,496
SPDR INDEX SHS FDS MSCI ACWI E	COM	78463X848	6,430	165,504	SH		SOLE	NONE	0	0	165,504
SPDR SERIES TRUST PORTFOLIO IN	COM	78464A375	17,157	511,548	SH		SOLE	NONE	369,572	0	141,976
SPDR SERIES TRUST PRTFLO SP500	COM	78464A409	110,792	3,305,245	SH		SOLE	NONE	2,630,290	0	674,955
SPDR SERIES TRUST PRTFLO SP500	COM	78464A508	110,750	3,766,997	SH		SOLE	NONE	3,003,458	0	763,539
SSGA ACTIVE ETF TR BLKSTN GSOS	COM	78467V608	27,121	571,937	SH		SOLE	NONE	522,190	0	49,747
SSGA ACTIVE ETF TR SPDR TR TAC	COM	78467V848	32,648	680,590	SH		SOLE	NONE	568,649	0	111,941
SPDR SER TR BLOOMBERG SRT TR	COM	78468R408	30,978	1,131,841	SH		SOLE	NONE	1,131,841	0	0
SCHLUMBERGER LTD COM	COM	806857108	514	7,928	SH		SOLE	NONE	7,928	0	0
SMUCKER J M CO COM NEW	COM	832696405	1,437	11,585	SH		SOLE	NONE	4,709	0	6,876
THL CR INC COM	COM	872438106	91	11,709	SH		SOLE	NONE	0	0	11,709
3M CO COM	COM	88579Y101	1,030	4,690	SH		SOLE	NONE	4,690	0	0
TOTAL S A SPONSORED ADR	COM	89151E109	1,107	19,194	SH		SOLE	NONE	0	0	19,194
UNION PAC CORP COM	COM	907818108	1,067	7,935	SH		SOLE	NONE	7,935	0	0
VANGUARD BD INDEX FD INC TOTAL	COM	921937835	313	3,919	SH		SOLE	NONE	0	0	3,919
VANGUARD INTL EQUITY INDEX F F	COM	922042866	56,308	771,874	SH		SOLE	NONE	613,561	0	158,313
VANGUARD INDEX FDS GROWTH ETF	COM	922908736	83,968	591,822	SH		SOLE	NONE	447,627	0	144,195
VANGUARD INDEX FDS VALUE ETF	COM	922908744	83,892	813,064	SH		SOLE	NONE	616,421	0	196,643
VANGUARD INDEX FDS SMALL CP ET	COM	922908751	30,303	206,254	SH		SOLE	NONE	154,267	0	51,987
WALMART INC COM	COM	931142103	1,113	12,511	SH		SOLE	NONE	2,188	0	10,323
WELLS FARGO CO NEW COM	COM	949746101	795	15,167	SH		SOLE	NONE	3,718	0	11,449
WESTERN UN CO COM	COM	959802109	224	11,627	SH		SOLE	NONE	11,627	0	0
XCEL ENERGY INC COM	COM	98389B100	626	13,775	SH		SOLE	NONE	796	0	12,979
XEROX CORP COM NEW	COM	984121608	256	8,912	SH		SOLE	NONE	8,912	0	0
LAZARD LTD SHS A	COM	G54050102	661	12,574	SH		SOLE	NONE	12,574	0	0
MEDTRONIC PLC SHS	COM	G5960L103	1,064	13,259	SH		SOLE	NONE	13,259	0	0
SIGNET JEWELERS LIMITED SHS	COM	G81276100	321	8,346	SH		SOLE	NONE	8,346	0	0
BAY BANCORP INC COM	COM	07203T106	297	22,217	SH		DFND	1	0	0	22,217
CMS ENERGY CORP COM	COM	125896100	796	17,567	SH		DFND	1	0	0	17,567
CA INC COM	COM	12673P105	1,748	51,567	SH		DFND	1	0	0	51,567
CENTERPOINT ENERGY INC COM	COM	15189T107	417	15,217	SH		DFND	1	0	0	15,217
CITRIX SYS INC COM	COM	177376100	1,864	20,091	SH		DFND	1	0	0	20,091
COCA COLA CO COM	COM	191216100	2,306	53,091	SH		DFND	1	0	0	53,091
COGNIZANT TECHNOLOGY SOLUTIO C	COM	192446102	2,009	24,960	SH		DFND	1	0	0	24,960
CONSOLIDATED EDISON INC COM	COM	209115104	1,412	18,115	SH		DFND	1	0	0	18,115
CONSTELLATION BRANDS INC CL A	COM	21036P108	1,418	6,223	SH		DFND	1	0	0	6,223
DBX ETF TR XTRACK MSCI EAFE	COM	233051200	12,528	407,941	SH		DFND	1	0	0	407,941
DTE ENERGY CO COM	COM	233331107	874	8,369	SH		DFND	1	0	0	8,369
DANAHER CORP DEL COM	COM	235851102	1,698	17,347	SH		DFND	1	0	0	17,347
DOMINION ENERGY INC COM	COM	25746U109	592	8,783	SH		DFND	1	0	0	8,783
DUKE REALTY CORP COM NEW	COM	264411505	2,064	77,933	SH		DFND	1	0	0	77,933
DUKE ENERGY CORP NEW COM NEW	COM	26441C204	1,016	13,111	SH		DFND	1	0	0	13,111
ECOLAB INC COM	COM	278865100	2,139	15,604	SH		DFND	1	0	0	15,604
EQUITY RESIDENTIAL SH BEN INT	COM	29476L107	1,666	27,034	SH		DFND	1	0	0	27,034
EXELON CORP COM	COM	30161N101	1,241	31,822	SH		DFND	1	0	0	31,822
EXXON MOBIL CORP COM	COM	30231G102	1,767	23,677	SH		DFND	1	0	0	23,677
FIDELITY NATL INFORMATION SV C	COM	31620M106	1,828	18,987	SH		DFND	1	0	0	18,987
FIRST TR EXCHANGE TRADED FD CH	COM	33733A102	351	8,953	SH		DFND	1	0	0	8,953
FIRST TR EXCHANGE TRADED FD DJ	COM	33733E302	760	6,305	SH		DFND	1	0	0	6,305
FIRST TR BICK INDEX FD COM SHS	COM	33733H107	343	11,071	SH		DFND	1	0	0	11,071
FIRST TR NASDAQ100 TECH INDE S	COM	337345102	693	9,121	SH		DFND	1	0	0	9,121
FIRST TR EXCHANGE TRADED FD IN	COM	33734X150	685	17,298	SH		DFND	1	0	0	17,298
FIRST TR EXCHANGE TRADED FD TE	COM	33734X176	684	12,440	SH		DFND	1	0	0	12,440
FIRST TR EXCH TRD ALPHA FD I D	COM	33737J174	348	5,531	SH		DFND	1	0	0	5,531
FIRST TR EXCH TRD ALPHA FD I G	COM	33737J190	357	7,139	SH		DFND	1	0	0	7,139
FIRST TR EXCH TRD ALPHA FD I S	COM	33737J232	351	6,701	SH		DFND	1	0	0	6,701
FIRST TR EXCHANGE TRADED FD NA	COM	33738R860	722	24,454	SH		DFND	1	0	0	24,454
FISERV INC COM	COM	337738108	1,826	25,609	SH		DFND	1	0	0	25,609
FORTIVE CORP COM	COM	34959J108	1,325	17,096	SH		DFND	1	0	0	17,096
HARRIS CORP DEL COM	COM	413875105	1,453	9,012	SH		DFND	1	0	0	9,012
HILTON WORLDWIDE HLDGS INC COM	COM	43300A203	1,550	19,675	SH		DFND	1	0	0	19,675
HOME DEPOT INC COM	COM	437076102	1,611	9,038	SH		DFND	1	0	0	9,038
ILLINOIS TOOL WKS INC COM	COM	452308109	1,551	9,899	SH		DFND	1	0	0	9,899
INTERNATIONAL FLAVORSFRAGRA CO	COM	459506101	1,915	13,990	SH		DFND	1	0	0	13,990
ISHARES TR CORE US AGGBD ET	COM	464287226	7,228	67,393	SH		DFND	1	0	0	67,393
ISHARES TR IBOXX INV CP ETF	COM	464287242	3,564	30,360	SH		DFND	1	0	0	30,360
ISHARES TR RUS 1000 GRW ETF	COM	464287614	7,954	58,443	SH		DFND	1	0	0	58,443
ISHARES TR EAFE SML CP ETF	COM	464288273	442	6,787	SH		DFND	1	0	0	6,787
ISHARES TR IBOXX HI YD ETF	COM	464288513	2,791	32,589	SH		DFND	1	0	0	32,589
ISHARES TR SHORT TREAS BD	COM	464288679	11,295	102,342	SH		DFND	1	0	0	102,342
ISHARES TR USA QUALITY FCTR	COM	46432F339	4,945	59,782	SH		DFND	1	0	0	59,782
LABORATORY CORP AMER HLDGS COM	COM	50540R409	1,647	10,181	SH		DFND	1	0	0	10,181
LOCKHEED MARTIN CORP COM	COM	539830109	1,635	4,838	SH		DFND	1	0	0	4,838
LOEWS CORP COM	COM	540424108	1,913	38,466	SH		DFND	1	0	0	38,466
MARSH MCLENNAN COS INC COM	COM	571748102	2,154	26,080	SH		DFND	1	0	0	26,080
MCDONALDS CORP COM	COM	580135101	1,475	9,429	SH		DFND	1	0	0	9,429
NASDAQ INC COM	COM	631103108	1,607	18,642	SH		DFND	1	0	0	18,642
NEXTERA ENERGY INC COM	COM	65339F101	668	4,091	SH		DFND	1	0	0	4,091
NISOURCE INC COM	COM	65473P105	1,122	46,925	SH		DFND	1	0	0	46,925
OCCIDENTAL PETE CORP DEL COM	COM	674599105	1,803	27,761	SH		DFND	1	0	0	27,761
PPG INDS INC COM	COM	693506107	1,579	14,152	SH		DFND	1	0	0	14,152
PEPSICO INC COM	COM	713448108	2,147	19,668	SH		DFND	1	0	0	19,668
PFIZER INC COM	COM	717081103	1,481	41,717	SH		DFND	1	0	0	41,717
PHILLIPS 66 COM	COM	718546104	1,517	15,819	SH		DFND	1	0	0	15,819
PINNACLE WEST CAP CORP COM	COM	723484101	719	9,004	SH		DFND	1	0	0	9,004
PROCTER AND GAMBLE CO COM	COM	742718109	2,231	28,143	SH		DFND	1	0	0	28,143
PUBLIC STORAGE COM	COM	74460D109	1,860	9,282	SH		DFND	1	0	0	9,282
RAYTHEON CO COM NEW	COM	755111507	1,515	7,019	SH		DFND	1	0	0	7,019
REPUBLIC SVCS INC COM	COM	760759100	1,853	27,982	SH		DFND	1	0	0	27,982
SPDR SP 500 ETF TR TR UNIT	COM	78462F103	15,223	57,849	SH		DFND	1	0	0	57,849
SSGA ACTIVE ETF TR SPDR TR TAC	COM	78467V848	3,564	74,298	SH		DFND	1	0	0	74,298
SOUTHERN CO COM	COM	842587107	1,464	32,779	SH		DFND	1	0	0	32,779
STARBUCKS CORP COM	COM	855244109	2,348	40,557	SH		DFND	1	0	0	40,557
TORCHMARK CORP COM	COM	891027104	1,824	21,671	SH		DFND	1	0	0	21,671
US BANCORP DEL COM NEW	COM	902973304	1,174	23,248	SH		DFND	1	0	0	23,248
VANGUARD BD INDEX FD INC TOTAL	COM	921937835	7,801	97,598	SH		DFND	1	0	0	97,598
VANGUARD INTL EQUITY INDEX F A	COM	922042775	9,543	175,519	SH		DFND	1	0	0	175,519
VANGUARD INTL EQUITY INDEX F F	COM	922042858	12,485	265,762	SH		DFND	1	0	0	265,762
VANGUARD INDEX FDS MID CAP ETF	COM	922908629	15,600	101,161	SH		DFND	1	0	0	101,161
VANGUARD INDEX FDS VALUE ETF	COM	922908744	17,017	164,927	SH		DFND	1	0	0	164,927
VANGUARD INDEX FDS SMALL CP ET	COM	922908751	5,666	38,567	SH		DFND	1	0	0	38,567
VERISK ANALYTICS INC COM	COM	92345Y106	2,563	24,648	SH		DFND	1	0	0	24,648
WEC ENERGY GROUP INC COM	COM	92939U106	587	9,360	SH		DFND	1	0	0	9,360
WASTE MGMT INC DEL COM	COM	94106L109	1,685	20,033	SH		DFND	1	0	0	20,033
WEYERHAEUSER CO COM	COM	962166104	2,087	59,626	SH		DFND	1	0	0	59,626
XCEL ENERGY INC COM	COM	98389B100	776	17,067	SH		DFND	1	0	0	17,067
YUM BRANDS INC COM	COM	988498101	1,526	17,931	SH		DFND	1	0	0	17,931
ZOETIS INC CL A	COM	98978V103	1,440	17,247	SH		DFND	1	0	0	17,247
SPY180504P260.00	COM	78462F103	131,575	500,000	SH	Put	SOLE	NONE	0	0	500,000
QQQ180427P152.50	COM	73935A104	104,085	650,000	SH	Put	SOLE	NONE	0	0	650,000
SPY180420P265.00	COM	78462F103	39,473	150,000	SH	Put	SOLE	NONE	0	0	150,000
QQQ180518C167.00	COM	73935A104	40,033	250,000	SH	Call	SOLE	NONE	0	0	250,000
IWM180518P151.00	COM	464287655	22,775	150,000	SH	Put	SOLE	NONE	0	0	150,000
EFA180420C71.00	COM	464287465	97,552	1,400,000	SH	Call	SOLE	NONE	0	0	1,400,000
TLT180504C122.50	COM	464287432	36,412	300,000	SH	Call	SOLE	NONE	0	0	300,000
EEM180420P47.50	COM	464287234	14,484	300,000	SH	Put	SOLE	NONE	0	0	300,000
XLE180420C70.00	COM	81369Y506	40,446	600,000	SH	Call	SOLE	NONE	0	0	600,000