Dow Chemical 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
ABBOTT LABS	COM	002824100	2,145	61,500	SH		SOLE	0	61,500	0	0
ABBVIE INC	COM	00287Y109	2,542	61,500	SH		SOLE	0	61,500	0	0
ABERCROMBIE & FITCH CO	CL A	002896207	3,824	84,500	SH		SOLE	0	84,500	0	0
AETNA INC NEW	COM	00817Y108	3,679	57,900	SH		SOLE	0	57,900	0	0
ALLEGHENY TECHNOLOGIES INC	COM	01741R102	1,316	50,000	SH		SOLE	0	50,000	0	0
AMAZON COM INC	COM	023135106	417	1,500	SH		SOLE	0	1,500	0	0
AMICUS THERAPEUTICS INC	COM	03152W109	52	22,162	SH		SOLE	0	22,162	0	0
ARCHER DANIELS MIDLAND CO	COM	039483102	271	8,000	SH		SOLE	0	8,000	0	0
BAKER HUGHES INC	COM	057224107	4,659	101,000	SH		SOLE	0	101,000	0	0
BANK OF AMERICA CORPORATION	COM	060505104	6,173	480,000	SH		SOLE	0	480,000	0	0
BAXTER INTL INC	COM	071813109	4,295	62,000	SH		SOLE	0	62,000	0	0
BOSTON SCIENTIFIC CORP	COM	101137107	4,218	455,000	SH		SOLE	0	455,000	0	0
CST BRANDS INC	COM	12646R105	1,126	36,554	SH		SOLE	0	36,554	0	0
CISCO SYS INC	COM	17275R102	5,813	239,100	SH		SOLE	0	239,100	0	0
CITIGROUP INC	COM NEW	172967424	3,310	69,000	SH		SOLE	0	69,000	0	0
COACH INC	COM	189754104	6,931	121,400	SH		SOLE	0	121,400	0	0
CORNING INC	COM	219350105	5,969	419,480	SH		SOLE	0	419,480	0	0
DOLLAR TREE INC	COM	256746108	763	15,000	SH		SOLE	0	15,000	0	0
EBAY INC	COM	278642103	2,483	48,000	SH		SOLE	0	48,000	0	0
ENTROPIC COMMUNICATIONS INC	COM	29384R105	1,309	306,444	SH		SOLE	0	306,444	0	0
FMC TECHNOLOGIES INC	COM	30249U101	1,086	19,500	SH		SOLE	0	19,500	0	0
FACEBOOK INC	CL A	30303M102	6,236	250,846	SH		SOLE	0	250,846	0	0
GENERAL ELECTRIC CO	COM	369604103	464	20,000	SH		SOLE	0	20,000	0	0
GENERAL MTRS CO	COM	37045V100	8,361	251,000	SH		SOLE	0	251,000	0	0
GILEAD SCIENCES INC	COM	375558103	1,367	26,700	SH		SOLE	0	26,700	0	0
GOLDMAN SACHS GROUP INC	COM	38141G104	2,420	16,000	SH		SOLE	0	16,000	0	0
GOODYEAR TIRE & RUBR CO	COM	382550101	1,529	100,000	SH		SOLE	0	100,000	0	0
GREEN MTN COFFEE ROASTERS IN	COM	393122106	1,801	24,000	SH		SOLE	0	24,000	0	0
HALLIBURTON CO	COM	406216101	3,797	91,000	SH		SOLE	0	91,000	0	0
HARTFORD FINL SVCS GROUP INC	COM	416515104	928	30,000	SH		SOLE	0	30,000	0	0
ISHARES TR	CORE S&P500 ETF	464287200	73,952	459,412	SH		SOLE	0	459,412	0	0
ISHARES TR	MSCI EMERG MKT	464287234	302,999	7,855,811	SH		SOLE	0	7,855,811	0	0
JOHNSON CTLS INC	COM	478366107	5,816	162,500	SH		SOLE	0	162,500	0	0
JUNIPER NETWORKS INC	COM	48203R104	7,550	391,000	SH		SOLE	0	391,000	0	0
KRAFT FOODS GROUP INC	COM	50076Q106	1,341	24,000	SH		SOLE	0	24,000	0	0
MERCK & CO INC NEW	COM	58933Y105	4,390	94,500	SH		SOLE	0	94,500	0	0
MICROSOFT CORP	COM	594918104	4,834	140,000	SH		SOLE	0	140,000	0	0
MONDELEZ INTL INC	CL A	609207105	4,051	142,000	SH		SOLE	0	142,000	0	0
MOSAIC CO NEW	COM	61945C103	538	10,000	SH		SOLE	0	10,000	0	0
NETAPP INC	COM	64110D104	5,720	151,400	SH		SOLE	0	151,400	0	0
NVIDIA CORP	COM	67066G104	140	10,000	SH		SOLE	0	10,000	0	0
NUVASIVE INC	COM	670704105	1,656	66,800	SH		SOLE	0	66,800	0	0
PETROLEO BRASILEIRO SA PETRO	SPONSORED ADR	71654V408	2,590	193,000	SH		SOLE	0	193,000	0	0
PROCTER & GAMBLE CO	COM	742718109	5,712	74,190	SH		SOLE	0	74,190	0	0
QUINTILES TRANSNATIO HLDGS I	COM	74876Y101	1,277	30,000	SH		SOLE	0	30,000	0	0
RESEARCH IN MOTION LTD	COM	760975102	995	95,000	SH		SOLE	0	95,000	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	427,739	2,673,201	SH		SOLE	0	2,673,201	0	0
SPDR DOW JONES INDL AVRG ETF	UT SER 1	78467X109	19,500	131,050	SH		SOLE	0	131,050	0	0
SELECT SECTOR SPDR TR	SBI MATERIALS	81369Y100	3,840	100,164	SH		SOLE	0	100,164	0	0
SELECT SECTOR SPDR TR	SBI HEALTHCARE	81369Y209	8,799	184,821	SH		SOLE	0	184,821	0	0
SELECT SECTOR SPDR TR	SBI CONS STPLS	81369Y308	7,612	191,876	SH		SOLE	0	191,876	0	0
SELECT SECTOR SPDR TR	SBI CONS DISCR	81369Y407	6,251	110,827	SH		SOLE	0	110,827	0	0
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	32,379	1,661,303	SH		SOLE	0	1,661,303	0	0
SELECT SECTOR SPDR TR	SBI INT-INDS	81369Y704	22,512	528,824	SH		SOLE	0	528,824	0	0
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	39,687	1,297,380	SH		SOLE	0	1,297,380	0	0
SELECT SECTOR SPDR TR	SBI INT-UTILS	81369Y886	6,297	167,333	SH		SOLE	0	167,333	0	0
SKYWORKS SOLUTIONS INC	COM	83088M102	1,313	60,000	SH		SOLE	0	60,000	0	0
SPLUNK INC	COM	848637104	2,810	60,607	SH		SOLE	0	60,607	0	0
SYMANTEC CORP	COM	871503108	634	28,200	SH		SOLE	0	28,200	0	0
UNITED STATES STL CORP NEW	COM	912909108	1,139	65,000	SH		SOLE	0	65,000	0	0
VALERO ENERGY CORP NEW	COM	91913Y100	1,739	50,000	SH		SOLE	0	50,000	0	0
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	25,247	651,022	SH		SOLE	0	651,022	0	0
VMWARE INC	CL A COM	928563402	2,077	31,000	SH		SOLE	0	31,000	0	0
NABORS INDUSTRIES LTD	SHS	G6359F103	4,823	315,000	SH		SOLE	0	315,000	0	0
WEATHERFORD INTERNATIONAL LT	REG SHS	H27013103	3,836	280,000	SH		SOLE	0	280,000	0	0
LYONDELLBASELL INDUSTRIES N	SHS - A -	N53745100	612	9,229	SH		SOLE	0	9,229	0	0