PPSC Investment Service 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

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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
DIREXION SHS ETF TR	DRX S&P500BULL	25459W862	196,860,680	2,517,400	SH		DFND		2,517,400	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	105,373,820	246,500	SH		DFND		246,500	0	0
SPDR GOLD TR	GOLD SHS	78463V107	45,005,625	262,500	SH		DFND		262,500	0	0
INVESCO QQQ TR	UNIT SER 1	46090E103	79,822,556	222,800	SH		DFND		222,800	0	0