Toroso 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
APPLE INC	COM	037833100	703	2,768	SH		SOLE		2,768	0	0
ISHARES TR	CORE US AGGBD ET	464287226	3,967	34,393	SH		SOLE		34,393	0	0
ALPS ETF TR	ALERIAN MLP	00162Q866	159	46,377	SH		SOLE		46,377	0	0
AMAZON COM INC	COM	023135106	296	152	SH		SOLE		152	0	0
ARK ETF TR	GENOMIC REV ETF	00214Q302	459	14,705	SH		SOLE		14,705	0	0
TIDAL ETF TR	AWARE ULTRASHR	886364108	2,598	54,747	SH		SOLE		54,747	0	0
INVESCO EXCHANGE-TRADED FD T	TAXABLE MUN BD	46138G805	1,901	61,526	SH		SOLE		61,526	0	0
BECTON DICKINSON & CO	COM	075887109	264	1,150	SH		SOLE		1,150	0	0
SPDR SER TR	SPDR BLOOMBERG	78468R663	503	5,500	SH		SOLE		5,500	0	0
AMPLIFY ETF TR	BLOCKCHAIN LDR	032108607	336	21,864	SH		SOLE		21,864	0	0
VANGUARD BD INDEX FDS	TOTAL BND MRKT	921937835	213	2,497	SH		SOLE		2,497	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	897	4,908	SH		SOLE		4,908	0	0
CBOE GLOBAL MARKETS INC	COM	12503M108	404	4,530	SH		SOLE		4,530	0	0
COEUR MNG INC	COM NEW	192108504	914	284,861	SH		SOLE		284,861	0	0
EXCHANGE LISTED FDS TR	SABA INT RATE	30151E806	3,444	225,699	SH		SOLE		225,699	0	0
DAVIS FUNDAMENTAL ETF TR	SELCT INTL ETF	23908L405	349	23,432	SH		SOLE		23,432	0	0
DAVIS FUNDAMENTAL ETF TR	SELECT US EQTY	23908L207	1,742	89,615	SH		SOLE		89,615	0	0
DAVIS FUNDAMENTAL ETF TR	SELECT WRLD WI	23908L306	326	16,976	SH		SOLE		16,976	0	0
EXCHANGE TRADED CONCEPTS TR	EMQQ EM INTERN	301505889	497	15,784	SH		SOLE		15,784	0	0
FIRST TR SR FLOATING RATE 20	COM SHS	33740K101	327	44,691	SH		SOLE		44,691	0	0
FIRST TR EXCHANGE-TRADED FD	FIRST TR ENH NEW	33739Q408	7,160	121,301	SH		SOLE		121,301	0	0
GOLDMAN SACHS ETF TR	ACTIVEBETA EME	381430206	295	11,305	SH		SOLE		11,305	0	0
TIDAL ETF TR	SOFI GIG ETF	886364504	289	18,245	SH		SOLE		18,245	0	0
SPDR GOLD TRUST	GOLD SHS	78463V107	5,340	36,073	SH		SOLE		36,073	0	0
CREDIT SUISSE AG NASSAU BRH	X LINK GOLD SHS	22542D480	250	27,649	SH		SOLE		27,649	0	0
ABERDEEN STD PRECIOUS METALS	PHYSCL PM BASKET	003263100	3,213	42,784	SH		SOLE		42,784	0	0
U S GLOBAL INVS INC	CL A	902952100	136	140,590	SH		SOLE		140,590	0	0
GOLDMAN SACHS ETF TR	ACTIVEBETA US LG	381430503	339	6,500	SH		SOLE		6,500	0	0
INVESCO ACTIVELY MANAGED ETF	ULTRA SHRT DUR	46090A887	1,177	23,882	SH		SOLE		23,882	0	0
EXCHANGE LISTED FDS TR	HIGH YIELD ETF	30151E814	542	21,783	SH		SOLE		21,783	0	0
ISHARES GOLD TRUST	ISHARES	464285105	723	48,004	SH		SOLE		48,004	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	203	1,836	SH		SOLE		1,836	0	0
ISHARES TR	BARCLAYS 7 10 YR	464287440	2,718	22,376	SH		SOLE		22,376	0	0
ISHARES TR	CORE S&P TTL STK	464287150	209	3,669	SH		SOLE		3,669	0	0
KRANESHARES TR	QUADRTC INT RT	500767736	488	18,907	SH		SOLE		18,907	0	0
8I ENTERPRISES ACQUISITION C	*W EXP 10/29/202	G2956M112	2	15,000	SH		SOLE		15,000	0	0
JOHNSON & JOHNSON	COM	478160104	207	1,586	SH		SOLE		1,586	0	0
JPMORGAN CHASE & CO	COM	46625H100	248	2,757	SH		SOLE		2,757	0	0
J P MORGAN EXCHANGE-TRADED F	ULTRA SHRT INC	46641Q837	646	13,017	SH		SOLE		13,017	0	0
KRANESHARES TR	EMRNG MKT CONS	500767876	276	14,131	SH		SOLE		14,131	0	0
SPDR SER TR	S&P KENSHO NEW	78468R648	1,416	49,721	SH		SOLE		49,721	0	0
GLOBAL X FDS	CONSCIOUS COS	37954Y731	1,793	98,300	SH		SOLE		98,300	0	0
ISHARES TR	IBOXX INV CP ETF	464287242	396	3,210	SH		SOLE		3,210	0	0
PIMCO ETF TR	ENHAN SHRT MA AC	72201R833	1,139	11,512	SH		SOLE		11,512	0	0
MICROSOFT CORP	COM	594918104	909	5,766	SH		SOLE		5,766	0	0
ISHARES TR	NATIONAL MUN ETF	464288414	314	2,780	SH		SOLE		2,780	0	0
ISHARES U S ETF TR	SHT MAT BD ETF	46431W507	520	10,731	SH		SOLE		10,731	0	0
NGL ENERGY PARTNERS LP	COM UNIT REPST	62913M107	67	25,865	SH		SOLE		25,865	0	0
NEUBERGER BERMAN MLP AND ENR	COM	64129H104	18	10,000	SH		SOLE		10,000	0	0
ISHARES TR	NEW YORK MUN ETF	464288323	415	7,360	SH		SOLE		7,360	0	0
ORACLE CORP	COM	68389X105	253	5,235	SH		SOLE		5,235	0	0
INVESCO EXCHANGE-TRADED FD T	CEF INM COMPSI	46138E404	2,377	135,829	SH		SOLE		135,829	0	0
PIMCO NEW YORK MUN FD II	COM	72200Y102	169	17,329	SH		SOLE		17,329	0	0
WISDOMTREE TR	CBOE S&P 500	97717X560	317	14,088	SH		SOLE		14,088	0	0
INVESCO QQQ TR	UNIT SER 1	46090E103	557	2,926	SH		SOLE		2,926	0	0
EXCHANGE TRADED CONCEPTS TR	ROBO GLB ETF	301505707	457	13,611	SH		SOLE		13,611	0	0
INVESCO EXCHANGE TRADED FD T	S&P500 EQL WGT	46137V357	618	7,364	SH		SOLE		7,364	0	0
ETF SER SOLUTIONS	REVERSE WEIGHT	26922A685	2,029	168,489	SH		SOLE		168,489	0	0
ISHARES TR	SHORT TREAS BD	464288679	510	4,600	SH		SOLE		4,600	0	0
ISHARES TR	1 3 YR TREAS BD	464287457	1,937	22,360	SH		SOLE		22,360	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	576	2,238	SH		SOLE		2,238	0	0
TARGET HOSPITALITY CORP	COM	87615L107	29	15,000	SH		SOLE		15,000	0	0
ISHARES TR	20 YR TR BD ETF	464287432	4,126	25,012	SH		SOLE		25,012	0	0
FLEXSHARES TR	M STAR DEV MKT	33939L803	277	5,983	SH		SOLE		5,983	0	0
SSGA ACTIVE ETF TR	SPDR TR TACTIC	78467V848	590	12,309	SH		SOLE		12,309	0	0
TEXAS PAC LD TR	SUB CTF PROP I T	882610108	511	1,346	SH		SOLE		1,346	0	0
SSGA ACTIVE ETF TR	ULT SHT TRM BD	78467V707	5,497	141,147	SH		SOLE		141,147	0	0
VISA INC	COM CL A	92826C839	268	1,668	SH		SOLE		1,668	0	0
VANGUARD TAX-MANAGED INTL FD	FTSE DEV MKT ETF	921943858	859	25,792	SH		SOLE		25,792	0	0
VANGUARD INDEX FDS	TOTAL STK MKT	922908769	4,517	35,043	SH		SOLE		35,043	0	0
VANGUARD INTL EQUITY INDEX F	TT WRLD ST ETF	922042742	882	14,049	SH		SOLE		14,049	0	0
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	449	13,412	SH		SOLE		13,412	0	0
WISDOMTREE INVTS INC	COM	97717P104	103	44,424	SH		SOLE		44,424	0	0
SELECT SECTOR SPDR TR	COMMUNICATION	81369Y852	346	7,830	SH		SOLE		7,830	0	0
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	442	5,503	SH		SOLE		5,503	0	0
SELECT SECTOR SPDR TR	SBI CONS DISCR	81369Y407	331	3,381	SH		SOLE		3,381	0	0
PIMCO ETF TR	25YR+ ZERO U S	72201R882	1,062	6,081	SH		SOLE		6,081	0	0
APPLE INC	COM	037833100	629	2,475	SH		DFND	1	0	0	2,475
ISHARES TR	CORE US AGGBD ET	464287226	16	137	SH		DFND	1	0	0	137
AMAZON COM INC	COM	023135106	97	50	SH		DFND	1	0	0	50
VANGUARD BD INDEX FDS	TOTAL BND MRKT	921937835	995	11,658	SH		DFND	1	0	0	11,658
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	411	2,250	SH		DFND	1	0	0	2,250
JPMORGAN CHASE & CO	COM	46625H100	33	370	SH		DFND	1	0	0	370
MICROSOFT CORP	COM	594918104	152	965	SH		DFND	1	0	0	965
SPDR S&P 500 ETF TR	TR UNIT	78462F103	644	2,500	SH		DFND	1	0	0	2,500
VISA INC	COM CL A	92826C839	146	906	SH		DFND	1	0	0	906
VANGUARD TAX-MANAGED INTL FD	FTSE DEV MKT ETF	921943858	2,116	63,475	SH		DFND	1	0	0	63,475
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	3,596	107,189	SH		DFND	1	0	0	107,189
SPDR INDEX SHS FDS	MSCI EAFE FS ETF	78470E106	924	16,500	SH		DFND	1	0	0	16,500
FLEXSHARES TR	MORNSTAR UPSTR	33939L407	292	12,956	SH		DFND	1	0	0	12,956
ISHARES TR	CORE S&P SCP ETF	464287804	577	10,286	SH		DFND	1	0	0	10,286
ISHARES TR	RUS 1000 ETF	464287622	858	6,065	SH		DFND	1	0	0	6,065
SAP SE	SPON ADR	803054204	251	2,269	SH		DFND	1	0	0	2,269
SPDR S&P 500 ETF TR	TR UNIT	78462F103	402	6,300	SH		DFND	1	0	0	6,300
TAIWAN SEMICONDUCTOR MFG LTD	CALL	874039100	254	5,316	SH		DFND	1	0	0	5,316
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	910	22,179	SH		DFND	1	0	0	22,179
VANGUARD INDEX FDS	REAL ESTATE ETF	922908553	1,345	19,258	SH		DFND	1	0	0	19,258
VANGUARD INTL EQUITY INDEX F	CALL	922042676	805	18,770	SH		DFND	1	0	0	18,770
VEDANTA LTD	SPONSORED ADR	92242Y100	110	30,902	SH		DFND	2	0	0	30,902
GROUPON INC	COM	399473107	26	26,511	SH		DFND	2	0	0	26,511
LIVENT CORP	COM	53814L108	127	24,135	SH		DFND	2	0	0	24,135
JUMIA TECHNOLOGIES AG	SPONSORED ADS	48138M105	67	22,967	SH		DFND	2	0	0	22,967
MOSAIC CO NEW	COM	61945C103	177	16,389	SH		DFND	2	0	0	16,389
LENDINGCLUB CORP	COM NEW	52603A208	115	14,684	SH		DFND	2	0	0	14,684
GENERAL ELECTRIC CO	COM	369604103	98	12,370	SH		DFND	2	0	0	12,370
SIRIUS XM HLDGS INC	COM	82968B103	60	12,187	SH		DFND	2	0	0	12,187
STRATASYS LTD	SHS	M85548101	173	10,845	SH		DFND	2	0	0	10,845
ISHARES TR	CORE S&P TTL STK	464287150	29,459	514,929	SH		DFND	2	0	0	514,929
SPDR INDEX SHS FDS	PORTFOLIO EMG MK	78463X509	17,670	620,885	SH		DFND	2	0	0	620,885
SPDR INDEX SHS FDS	PORTFOLIO DEVLPD	78463X889	12,389	517,484	SH		DFND	2	0	0	517,484
FIDELITY COVINGTON TR	MSCI ENERGY IDX	316092402	10,620	1,412,230	SH		DFND	2	0	0	1,412,230
CORTEVA INC	COM	22052L104	892	37,971	SH		DFND	2	0	0	37,971
SOUTHERN COPPER CORP	COM	84265V105	709	25,164	SH		DFND	2	0	0	25,164
CANAAN INC	SPONSORED ADS	134748102	646	212,612	SH		DFND	2	0	0	212,612
AMERICAN EXPRESS CO	COM	025816109	612	7,149	SH		DFND	2	0	0	7,149
ONECONNECT FINL TECHNOLOGY CO	SPONSORED ADS	68248T105	483	47,552	SH		DFND	2	0	0	47,552
F M C CORP	COM NEW	302491303	478	5,850	SH		DFND	2	0	0	5,850
FREEPORT-MCMORAN INC	CL B	35671D857	407	60,324	SH		DFND	2	0	0	60,324
SOCIEDAD QUIMICA MINERA DE CHI	SPON ADR SER B	833635105	349	15,486	SH		DFND	2	0	0	15,486
GILEAD SCIENCES INC	COM	375558103	336	4,501	SH		DFND	2	0	0	4,501
AMERICAN WTR WKS CO INC NEW	COM	030420103	330	2,761	SH		DFND	2	0	0	2,761
TORO CO	COM	891092108	302	4,645	SH		DFND	2	0	0	4,645
MONDELEZ INTL INC	CL A	609207105	292	5,826	SH		DFND	2	0	0	5,826
CNH INDL N V	SHS	N20944109	284	50,632	SH		DFND	2	0	0	50,632
EQUINIX INC	COM	29444U700	279	446	SH		DFND	2	0	0	446
SCOTTS MIRACLE GRO CO	CL A	810186106	269	2,627	SH		DFND	2	0	0	2,627
CF INDS HLDGS INC	COM	125269100	254	9,334	SH		DFND	2	0	0	9,334
REGENERON PHARMACEUTICALS	COM	75886F107	251	514	SH		DFND	2	0	0	514
COLGATE PALMOLIVE CO	COM	194162103	223	3,366	SH		DFND	2	0	0	3,366
XYLEM INC	COM	98419M100	219	3,364	SH		DFND	2	0	0	3,364
PROLOGIS INC.	COM	74340W103	218	2,711	SH		DFND	2	0	0	2,711
TARGET CORP	COM	87612E106	214	2,301	SH		DFND	2	0	0	2,301
APPLIED MATLS INC	COM	038222105	211	4,606	SH		DFND	2	0	0	4,606
FIRST SOLAR INC	COM	336433107	211	5,844	SH		DFND	2	0	0	5,844
SHERWIN WILLIAMS CO	COM	824348106	206	449	SH		DFND	2	0	0	449
CSX CORP	COM	126408103	201	3,514	SH		DFND	2	0	0	3,514
SLACK TECHNOLOGIES INC	COM CL A	83088V102	201	7,471	SH		DFND	2	0	0	7,471
BHP GROUP LTD	SPONSORED ADS	088606108	2,922	79,647	SH		DFND	2	0	0	79,647
NETEASE INC	SPONSORED ADS	64110W102	1,546	4,817	SH		DFND	2	0	0	4,817
TAIWAN SEMICONDUCTOR MFG LTD S	SPONSORED ADS	874039100	1,433	29,992	SH		DFND	2	0	0	29,992
VALE S A	SPONSORED ADS	91912E105	1,333	160,842	SH		DFND	2	0	0	160,842
LINE CORP	SPONSORED ADR	53567X101	2,916	60,568	SH		DFND	2	0	0	60,568
RIO TINTO PLC	SPONSORED ADR	767204100	2,408	52,860	SH		DFND	2	0	0	52,860
ING GROEP N.V.	SPONSORED ADR	456837103	555	107,803	SH		DFND	2	0	0	107,803
BANCO BILBAO VIZCAYA ARGENTARI	SPONSORED ADR	05946K101	381	124,570	SH		DFND	2	0	0	124,570
XUNLEI LTD	SPONSORED ADR	98419E108	296	89,822	SH		DFND	2	0	0	89,822
QIWI PLC	SPON ADR REP B	74735M108	538	50,232	SH		DFND	2	0	0	50,232
SAP SE	SPON ADR	803054204	1,098	9,938	SH		DFND	2	0	0	9,938
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	1,839	11,264	SH		DFND	2	0	0	11,264
GRANITESHARES GOLD TR SHS BEN	SHS BEN INT	38748G101	47,536	3,027,770	SH		DFND	2	0	0	3,027,770
MEDTRONIC PLC	SHS	G5960L103	482	5,340	SH		DFND	2	0	0	5,340
FIVERR INTL LTD	ORD SHS	M4R82T106	201	7,973	SH		DFND	2	0	0	7,973
INTUITIVE SURGICAL INC	COM NEW	46120E602	287	580	SH		DFND	2	0	0	580
AMERICAN INTL GROUP INC	COM NEW	026874784	237	9,792	SH		DFND	2	0	0	9,792
MONEYGRAM INTL INC	COM NEW	60935Y208	215	164,087	SH		DFND	2	0	0	164,087
VISA INC	COM CL A	92826C839	1,511	9,378	SH		DFND	2	0	0	9,378
UPWORK INC	COM	91688F104	168	26,118	SH		DFND	2	0	0	26,118
MICROSOFT CORP	COM	594918104	7,983	50,618	SH		DFND	2	0	0	50,618
APPLE INC	COM	037833100	4,978	19,577	SH		DFND	2	0	0	19,577
AMAZON COM INC	COM	023135106	4,683	2,402	SH		DFND	2	0	0	2,402
INTERCONTINENTAL EXCHANGE INC	COM	45866F104	2,925	36,220	SH		DFND	2	0	0	36,220
NVIDIA CORP	COM	67066G104	2,612	9,910	SH		DFND	2	0	0	9,910
INTERNATIONAL BUSINESS MACHS C	COM	459200101	2,323	20,942	SH		DFND	2	0	0	20,942
DEERE & CO	COM	244199105	1,924	13,927	SH		DFND	2	0	0	13,927
DOCUSIGN INC	COM	256163106	1,859	20,118	SH		DFND	2	0	0	20,118
ADVANCED MICRO DEVICES INC	COM	007903107	1,750	38,471	SH		DFND	2	0	0	38,471
ORACLE CORP	COM	68389X105	1,664	34,432	SH		DFND	2	0	0	34,432
CME GROUP INC	COM	12572Q105	1,635	9,458	SH		DFND	2	0	0	9,458
JPMORGAN CHASE & CO.	COM	46625H100	1,610	17,883	SH		DFND	2	0	0	17,883
JOHNSON & JOHNSON	COM	478160104	1,514	11,545	SH		DFND	2	0	0	11,545
INTEL CORP	COM	458140100	1,226	22,649	SH		DFND	2	0	0	22,649
OVERSTOCK COM INC DEL	COM	690370101	1,225	245,459	SH		DFND	2	0	0	245,459
PROCTER AND GAMBLE CO	COM	742718109	1,092	9,930	SH		DFND	2	0	0	9,930
AKAMAI TECHNOLOGIES INC	COM	00971T101	1,067	11,666	SH		DFND	2	0	0	11,666
GOLDMAN SACHS GROUP INC	COM	38141G104	956	6,184	SH		DFND	2	0	0	6,184
HOME DEPOT INC	COM	437076102	913	4,891	SH		DFND	2	0	0	4,891
CHEVRON CORP NEW	COM	166764100	904	12,471	SH		DFND	2	0	0	12,471
NASDAQ INC	COM	631103108	870	9,163	SH		DFND	2	0	0	9,163
EXXON MOBIL CORP	COM	30231G102	864	22,747	SH		DFND	2	0	0	22,747
ADOBE INC	COM	00724F101	824	2,589	SH		DFND	2	0	0	2,589
SALESFORCE COM INC	COM	79466L302	821	5,705	SH		DFND	2	0	0	5,705
MERCK & CO. INC	COM	58933Y105	819	10,645	SH		DFND	2	0	0	10,645
ECOLAB INC	COM	278865100	798	5,120	SH		DFND	2	0	0	5,120
CISCO SYS INC	COM	17275R102	757	19,257	SH		DFND	2	0	0	19,257
PFIZER INC	COM	717081103	753	23,084	SH		DFND	2	0	0	23,084
NETFLIX INC	COM	64110L106	751	2,001	SH		DFND	2	0	0	2,001
WALMART INC	COM	931142103	735	6,470	SH		DFND	2	0	0	6,470
PEPSICO INC	COM	713448108	712	5,928	SH		DFND	2	0	0	5,928
ABBOTT LABS	COM	002824100	690	8,750	SH		DFND	2	0	0	8,750
LILLY ELI & CO	COM	532457108	660	4,755	SH		DFND	2	0	0	4,755
COCA COLA CO	COM	191216100	656	14,829	SH		DFND	2	0	0	14,829
UNITEDHEALTH GROUP INC	COM	91324P102	632	2,535	SH		DFND	2	0	0	2,535
WISDOMTREE INVTS INC	COM	97717P104	608	260,853	SH		DFND	2	0	0	260,853
AT&T INC	COM	00206R102	554	18,993	SH		DFND	2	0	0	18,993
PAYPAL HLDGS INC	COM	70450Y103	550	5,747	SH		DFND	2	0	0	5,747
VERIZON COMMUNICATIONS INC	COM	92343V104	548	10,200	SH		DFND	2	0	0	10,200
BK OF AMERICA CORP	COM	060505104	547	25,768	SH		DFND	2	0	0	25,768
TESLA INC	COM	88160R101	537	1,024	SH		DFND	2	0	0	1,024
THERMO FISHER SCIENTIFIC INC C	COM	883556102	524	1,848	SH		DFND	2	0	0	1,848
AMGEN INC	COM	031162100	512	2,527	SH		DFND	2	0	0	2,527
SIGNATURE BK NEW YORK N Y	COM	82669G104	503	6,261	SH		DFND	2	0	0	6,261
MCDONALDS CORP	COM	580135101	472	2,855	SH		DFND	2	0	0	2,855
FIDELITY NATL INFORMATION SVCS	COM	31620M106	463	3,806	SH		DFND	2	0	0	3,806
AMERICAN TOWER CORP	COM	03027X100	432	1,984	SH		DFND	2	0	0	1,984
MICRON TECHNOLOGY INC	COM	595112103	428	10,186	SH		DFND	2	0	0	10,186
VERTEX PHARMACEUTICALS INC	COM	92532F100	428	1,797	SH		DFND	2	0	0	1,797
UNION PAC CORP	COM	907818108	422	2,991	SH		DFND	2	0	0	2,991
TEXAS INSTRS INC	COM	882508104	414	4,138	SH		DFND	2	0	0	4,138
DANAHER CORPORATION	COM	235851102	376	2,713	SH		DFND	2	0	0	2,713
3M CO	COM	88579Y101	358	2,624	SH		DFND	2	0	0	2,624
COSTCO WHSL CORP NEW	COM	22160K105	336	1,179	SH		DFND	2	0	0	1,179
STARBUCKS CORP	COM	855244109	336	5,105	SH		DFND	2	0	0	5,105
ABBVIE INC	COM	00287Y109	322	4,222	SH		DFND	2	0	0	4,222
SERVICENOW INC	COM	81762P102	305	1,064	SH		DFND	2	0	0	1,064
BOOKING HOLDINGS INC	COM	09857L108	297	221	SH		DFND	2	0	0	221
WELLS FARGO CO NEW	COM	949746101	296	10,308	SH		DFND	2	0	0	10,308
INTUIT	COM	461202103	290	1,263	SH		DFND	2	0	0	1,263
PHILIP MORRIS INTL INC	COM	718172109	289	3,961	SH		DFND	2	0	0	3,961
QUALCOMM INC	COM	747525103	288	4,254	SH		DFND	2	0	0	4,254
LOWES COS INC	COM	548661107	284	3,299	SH		DFND	2	0	0	3,299
BRISTOL-MYERS SQUIBB CO	COM	110122108	281	5,036	SH		DFND	2	0	0	5,036
NEXTERA ENERGY INC	COM	65339F101	280	1,163	SH		DFND	2	0	0	1,163
STRYKER CORPORATION	COM	863667101	268	1,610	SH		DFND	2	0	0	1,610
BIOGEN INC	COM	09062X103	262	827	SH		DFND	2	0	0	827
TJX COS INC NEW	COM	872540109	261	5,468	SH		DFND	2	0	0	5,468
EBAY INC.	COM	278642103	236	7,849	SH		DFND	2	0	0	7,849
TWITTER INC	COM	90184L102	236	9,605	SH		DFND	2	0	0	9,605
BOSTON SCIENTIFIC CORP	COM	101137107	236	7,221	SH		DFND	2	0	0	7,221
BOEING CO	COM	097023105	230	1,541	SH		DFND	2	0	0	1,541
HONEYWELL INTL INC	COM	438516106	224	1,675	SH		DFND	2	0	0	1,675
UBER TECHNOLOGIES INC	COM	90353T100	223	7,976	SH		DFND	2	0	0	7,976
LOCKHEED MARTIN CORP	COM	539830109	222	656	SH		DFND	2	0	0	656
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	569	3,112	SH		DFND	2	0	0	3,112
NIKE INC	CL B	654106103	436	5,266	SH		DFND	2	0	0	5,266
UNITED PARCEL SERVICE INC	CL B	911312106	316	3,379	SH		DFND	2	0	0	3,379
FACEBOOK INC	CL A	30303M102	2,591	15,531	SH		DFND	2	0	0	15,531
SQUARE INC	CL A	852234103	2,471	47,171	SH		DFND	2	0	0	47,171
SILVERGATE CAP CORP	CL A	82837P408	1,390	145,737	SH		DFND	2	0	0	145,737
MASTERCARD INC	CL A	57636Q104	1,154	4,777	SH		DFND	2	0	0	4,777
COMCAST CORP NEW	CL A	20030N101	394	11,455	SH		DFND	2	0	0	11,455
CHARTER COMMUNICATIONS INC NEW	CL A	16119P108	226	519	SH		DFND	2	0	0	519
SNAP INC	CL A	83304A106	216	18,144	SH		DFND	2	0	0	18,144
ALPHABET INC	CAP STK CL C	02079K107	2,100	1,806	SH		DFND	2	0	0	1,806
ALPHABET INC	CAP STK CL A	02079K305	3,626	3,121	SH		DFND	2	0	0	3,121
BANCO SANTANDER SA	ADR	05964H105	757	322,289	SH		DFND	2	0	0	322,289
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	1,180	6,067	SH		DFND	2	0	0	6,067
PINDUODUO INC	SPONSORED ADS	722304102	207	5,739	SH		DFND	2	0	0	5,739
BAIDU INC	SPON ADR REP A	056752108	1,018	10,103	SH		DFND	2	0	0	10,103
JD COM INC	SPON ADR CL A	47215P106	1,917	47,343	SH		DFND	2	0	0	47,343
DISNEY WALT CO	COM DISNEY	254687106	396	4,103	SH		DFND	2	0	0	4,103