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 |
ACTIVISION BLIZZARD INC | COM | 00507V109 | 1,916 | 29,700 | SH | | SOLE | | 29,700 | 0 | 0 |
ADIENT PLC | COM | G0084W101 | 722 | 8,600 | SH | | SOLE | | 8,600 | 0 | 0 |
ADOBE SYSTEMS INC | COM | 00724F101 | 1,999 | 13,400 | SH | | SOLE | | 13,400 | 0 | 0 |
AFLAC INC | COM | 001055102 | 3,964 | 48,700 | SH | | SOLE | | 48,700 | 0 | 0 |
ALEXION PHARMACEUTICALS, INC. | COM | 015351109 | 1,122 | 8,000 | SH | | SOLE | | 8,000 | 0 | 0 |
ALIBABA GROUP HLDS LTD | COM | 01609W102 | 3,854 | 22,313 | SH | | SOLE | | 22,313 | 0 | 0 |
ALLERGAN PLC | COM | G0177J108 | 3,382 | 16,500 | SH | | SOLE | | 16,500 | 0 | 0 |
ALPHABET INC - CL A | COM | 02079K305 | 8,968 | 9,210 | SH | | SOLE | | 9,210 | 0 | 0 |
ALPHABET INC NON-VOTING CL C | COM | 02079K107 | 2,398 | 2,500 | SH | | SOLE | | 2,500 | 0 | 0 |
AMAZON.COM INC. | COM | 023135106 | 5,384 | 5,600 | SH | | SOLE | | 5,600 | 0 | 0 |
AMBARELLA INC | COM | G037AX101 | 529 | 10,800 | SH | | SOLE | | 10,800 | 0 | 0 |
AMERICAN EXPRESS CO. | COM | 025816109 | 3,691 | 40,800 | SH | | SOLE | | 40,800 | 0 | 0 |
APOLLO GLOBAL MANAGEMENT | COM | 037612306 | 1,565 | 52,000 | SH | | SOLE | | 52,000 | 0 | 0 |
APPLE INC | COM | 037833100 | 27,393 | 177,740 | SH | | SOLE | | 177,740 | 0 | 0 |
AT&T INC | COM | 00206R102 | 2,418 | 61,740 | SH | | SOLE | | 61,740 | 0 | 0 |
ATRICURE INC | COM | 04963C209 | 811 | 36,250 | SH | | SOLE | | 36,250 | 0 | 0 |
BAIDU, INC. | COM | 056752108 | 1,513 | 6,110 | SH | | SOLE | | 6,110 | 0 | 0 |
BANK OF AMERICA | COM | 060505104 | 1,115 | 44,000 | SH | | SOLE | | 44,000 | 0 | 0 |
BB&T BANK | COM | 054937107 | 2,619 | 55,800 | SH | | SOLE | | 55,800 | 0 | 0 |
BIOGEN IDEC INC | COM | 09062X103 | 626 | 2,000 | SH | | SOLE | | 2,000 | 0 | 0 |
BLACKSTONE GROUP | COM | 09253U108 | 667 | 20,000 | SH | | SOLE | | 20,000 | 0 | 0 |
BRISTOL MYERS SQUIBB | COM | 110122108 | 6,164 | 96,700 | SH | | SOLE | | 96,700 | 0 | 0 |
BROADCOM LTD | COM | Y09827109 | 3,494 | 14,405 | SH | | SOLE | | 14,405 | 0 | 0 |
CELGENE CORP | COM | 151020104 | 2,041 | 14,000 | SH | | SOLE | | 14,000 | 0 | 0 |
CHEVRON | COM | 166764100 | 1,452 | 12,360 | SH | | SOLE | | 12,360 | 0 | 0 |
CHUBB LTD(old ACE LTD) | COM | H1467J104 | 9,793 | 68,700 | SH | | SOLE | | 68,700 | 0 | 0 |
CIGNA CORP | COM | 125509109 | 748 | 4,000 | SH | | SOLE | | 4,000 | 0 | 0 |
CITIGROUP | COM | 172967424 | 5,106 | 70,200 | SH | | SOLE | | 70,200 | 0 | 0 |
CME GROUP INC | COM | 12572Q105 | 2,279 | 16,800 | SH | | SOLE | | 16,800 | 0 | 0 |
COMCAST CORPORATION | COM | 20030N101 | 3,409 | 88,590 | SH | | SOLE | | 88,590 | 0 | 0 |
CTRIP.COM INTL LTD | COM | 22943F100 | 709 | 13,447 | SH | | SOLE | | 13,447 | 0 | 0 |
DEXCOM INC. | COM | 252131107 | 387 | 7,900 | SH | | SOLE | | 7,900 | 0 | 0 |
DOLBY LABORATORIES INC | COM | 25659T107 | 1,380 | 24,000 | SH | | SOLE | | 24,000 | 0 | 0 |
DOWDUPONT INC | COM | 26078J100 | 831 | 12,000 | SH | | SOLE | | 12,000 | 0 | 0 |
EDWARDS LIFESCIENCES CORP. | COM | 28176E108 | 918 | 8,400 | SH | | SOLE | | 8,400 | 0 | 0 |
EQUITY RESIDENTIAL | COM | 29476L107 | 5,240 | 79,480 | SH | | SOLE | | 79,480 | 0 | 0 |
ERICSSON | COM | 294821608 | 977 | 170,000 | SH | | SOLE | | 170,000 | 0 | 0 |
EVOLENT HEALTH INC | COM | 30050B101 | 510 | 28,650 | SH | | SOLE | | 28,650 | 0 | 0 |
EXXON | COM | 30231G102 | 6,590 | 80,380 | SH | | SOLE | | 80,380 | 0 | 0 |
FACEBOOK | COM | 30303M102 | 7,732 | 45,250 | SH | | SOLE | | 45,250 | 0 | 0 |
FIDELITY NATIONAL | COM | 31620M106 | 2,297 | 24,600 | SH | | SOLE | | 24,600 | 0 | 0 |
GENERAL ELECTRIC CO. | COM | 369604103 | 3,189 | 131,905 | SH | | SOLE | | 131,905 | 0 | 0 |
GILEAD SCIENCES INC | COM | 375558103 | 324 | 4,000 | SH | | SOLE | | 4,000 | 0 | 0 |
GOLDMAN SACHS GROUP | COM | 38141G104 | 1,779 | 7,500 | SH | | SOLE | | 7,500 | 0 | 0 |
GW PHARMACEUTICALS PLC | COM | 36197T103 | 538 | 5,300 | SH | | SOLE | | 5,300 | 0 | 0 |
INTEL CORP | COM | 458140100 | 1,661 | 43,630 | SH | | SOLE | | 43,630 | 0 | 0 |
INTERNATIONAL BUSINESS MACHINE | COM | 459200101 | 1,271 | 8,760 | SH | | SOLE | | 8,760 | 0 | 0 |
JD COM INC | COM | 47215P106 | 1,531 | 40,086 | SH | | SOLE | | 40,086 | 0 | 0 |
JOHNSON & JOHNSON | COM | 478160104 | 1,846 | 14,200 | SH | | SOLE | | 14,200 | 0 | 0 |
JP MORGAN | COM | 46625H100 | 5,540 | 58,000 | SH | | SOLE | | 58,000 | 0 | 0 |
LAM RESEARCH CORP | COM | 512807108 | 1,850 | 10,000 | SH | | SOLE | | 10,000 | 0 | 0 |
MASTERCARD INC | COM | 57636Q104 | 339 | 2,400 | SH | | SOLE | | 2,400 | 0 | 0 |
MICROSOFT CORP | COM | 594918104 | 12,701 | 170,505 | SH | | SOLE | | 170,505 | 0 | 0 |
MORGAN STANLEY | COM | 617446448 | 3,854 | 80,000 | SH | | SOLE | | 80,000 | 0 | 0 |
NASDAQ INC. | COM | 631103108 | 2,156 | 27,800 | SH | | SOLE | | 27,800 | 0 | 0 |
NETEASE INC (ADR) | COM | 64110W102 | 1,616 | 6,127 | SH | | SOLE | | 6,127 | 0 | 0 |
NEVRO CORP | COM | 64157F103 | 772 | 8,500 | SH | | SOLE | | 8,500 | 0 | 0 |
NEXTERA ENERGY INC | COM | 65339F101 | 586 | 4,000 | SH | | SOLE | | 4,000 | 0 | 0 |
NORTHERN TRUST | COM | 665859104 | 2,648 | 28,800 | SH | | SOLE | | 28,800 | 0 | 0 |
NXP SEMICONDUCTORS | COM | N6596X109 | 1,340 | 11,850 | SH | | SOLE | | 11,850 | 0 | 0 |
ON SEMICONDUCTOR CORP | COM | 682189105 | 752 | 40,700 | SH | | SOLE | | 40,700 | 0 | 0 |
ORACLE CORP | COM | 68389X105 | 6,404 | 132,460 | SH | | SOLE | | 132,460 | 0 | 0 |
ORBOTECH LTD | COM | M75253100 | 1,414 | 33,500 | SH | | SOLE | | 33,500 | 0 | 0 |
PENUMBRA INC | COM | 70975l107 | 686 | 7,600 | SH | | SOLE | | 7,600 | 0 | 0 |
PROGRESSIVE INSURANCE | COM | 743315103 | 872 | 18,000 | SH | | SOLE | | 18,000 | 0 | 0 |
PTC INC | COM | 69370C100 | 2,251 | 40,000 | SH | | SOLE | | 40,000 | 0 | 0 |
RAYTHEON & COMPANY | COM | 755111507 | 2,239 | 12,000 | SH | | SOLE | | 12,000 | 0 | 0 |
REALTY INCOME CORPORATION | COM | 756109104 | 3,014 | 52,700 | SH | | SOLE | | 52,700 | 0 | 0 |
RENAISSANCERE HLDGS LTD | COM | G7496G103 | 2,392 | 17,700 | SH | | SOLE | | 17,700 | 0 | 0 |
SALESFORCE.COM | COM | 79466L302 | 906 | 9,700 | SH | | SOLE | | 9,700 | 0 | 0 |
SHIRE PLC-ADR | COM | 82481R106 | 873 | 5,700 | SH | | SOLE | | 5,700 | 0 | 0 |
SPIRIT AEROSYSTEMS HLDGS INC | COM | 848574109 | 2,021 | 26,000 | SH | | SOLE | | 26,000 | 0 | 0 |
ST MICRO ELECTRONICS | COM | 861012102 | 1,315 | 67,710 | SH | | SOLE | | 67,710 | 0 | 0 |
SUMMIT MATERIALS INC | COM | 86614U100 | 2,042 | 63,756 | SH | | SOLE | | 63,756 | 0 | 0 |
TEREDATA CORP | COM | 88076W103 | 1,304 | 38,600 | SH | | SOLE | | 38,600 | 0 | 0 |
TESLA MOTORS, INC. | COM | 88160R101 | 2,377 | 6,970 | SH | | SOLE | | 6,970 | 0 | 0 |
TEVA PHARMACEUTICAL-SP ADR | COM | 881624209 | 317 | 18,000 | SH | | SOLE | | 18,000 | 0 | 0 |
TEXAS INSTRUMENTS | COM | 882508104 | 731 | 8,160 | SH | | SOLE | | 8,160 | 0 | 0 |
THE BOEING CO | COM | 097023105 | 3,203 | 12,600 | SH | | SOLE | | 12,600 | 0 | 0 |
THE CARLYLE GROUP | COM | 14309L102 | 1,279 | 54,200 | SH | | SOLE | | 54,200 | 0 | 0 |
THE PRICELINE GROUP INC | COM | 741503403 | 1,098 | 600 | SH | | SOLE | | 600 | 0 | 0 |
TRANSOCEAN INC | COM | H8817H100 | 1,609 | 149,500 | SH | | SOLE | | 149,500 | 0 | 0 |
TRAVELERS COMPANIES ORD | COM | 89417E109 | 2,836 | 23,150 | SH | | SOLE | | 23,150 | 0 | 0 |
TWILIO INC. | COM | 90138F102 | 582 | 19,500 | SH | | SOLE | | 19,500 | 0 | 0 |
UNITEDHEALTH GROUP | COM | 91324P102 | 3,868 | 19,750 | SH | | SOLE | | 19,750 | 0 | 0 |
US BANCORP | COM | 902973304 | 2,562 | 47,800 | SH | | SOLE | | 47,800 | 0 | 0 |
US CONCRETE INC | COM | 90333L201 | 1,068 | 14,000 | SH | | SOLE | | 14,000 | 0 | 0 |
VERIZON COMMUNICATION INC. | COM | 92343V104 | 4,209 | 85,045 | SH | | SOLE | | 85,045 | 0 | 0 |
VISA INC | COM | 92826C839 | 2,896 | 27,515 | SH | | SOLE | | 27,515 | 0 | 0 |
VORNADO REALTY TRUST | COM | 929042109 | 692 | 9,000 | SH | | SOLE | | 9,000 | 0 | 0 |
WALT DISNEY CO. | COM | 254687106 | 3,066 | 31,100 | SH | | SOLE | | 31,100 | 0 | 0 |
WEIBO CORP ADR | COM | 948596101 | 995 | 10,061 | SH | | SOLE | | 10,061 | 0 | 0 |
CONSUMER STAPLES SPDR | ETF | 81369Y308 | 77,855 | 1,442,300 | SH | | SOLE | | 1,442,300 | 0 | 0 |
DB COMMODITY INDEX FUND | ETF | 73935S105 | 3,927 | 255,000 | SH | | SOLE | | 255,000 | 0 | 0 |
ISHARE MSCI EMERGING MARKETS E | ETF | 464287234 | 33,025 | 737,000 | SH | | SOLE | | 737,000 | 0 | 0 |
ISHARES CORE MSCI EMERGING MKT | ETF | 46434G103 | 107,365 | 1,987,509 | SH | | SOLE | | 1,987,509 | 0 | 0 |
ISHARES CORE TOTAL US BOND ETF | ETF | 464287226 | 25,337 | 231,200 | SH | | SOLE | | 231,200 | 0 | 0 |
ISHARES DJ US REAL ESTATE | ETF | 464287739 | 154,464 | 1,933,700 | SH | | SOLE | | 1,933,700 | 0 | 0 |
ISHARES JAPAN | ETF | 46434G822 | 34,096 | 612,035 | SH | | SOLE | | 612,035 | 0 | 0 |
ISHARES MSCI AUSTRALIA INDEX F | ETF | 464286103 | 21,197 | 944,600 | SH | | SOLE | | 944,600 | 0 | 0 |
ISHARES MSCI CANADA INDEX | ETF | 464286509 | 34,463 | 1,190,829 | SH | | SOLE | | 1,190,829 | 0 | 0 |
ISHARES MSCI EAFE GROWTH | ETF | 464288885 | 15,291 | 197,584 | SH | | SOLE | | 197,584 | 0 | 0 |
ISHARES MSCI EAFE SMALL CAP | ETF | 464288273 | 17,248 | 278,186 | SH | | SOLE | | 278,186 | 0 | 0 |
ISHARES MSCI EAFE VALUE | ETF | 464288877 | 14,658 | 268,463 | SH | | SOLE | | 268,463 | 0 | 0 |
ISHARES MSCI EUROPE FINANCIALS | ETF | 464289180 | 16,671 | 710,000 | SH | | SOLE | | 710,000 | 0 | 0 |
ISHARES MSCI UNITED KINGDOM | ETF | 46435G334 | 7,601 | 218,110 | SH | | SOLE | | 218,110 | 0 | 0 |
ISHARES MSCI USA MOMENTUM FACT | ETF | 46432F396 | 1,275 | 13,328 | SH | | SOLE | | 13,328 | 0 | 0 |
ISHARES NASDAQ BIOTECH | ETF | 464287556 | 36,628 | 109,800 | SH | | SOLE | | 109,800 | 0 | 0 |
ISHARES S&P 500 GROWTH ETF | ETF | 464287309 | 19,244 | 134,179 | SH | | SOLE | | 134,179 | 0 | 0 |
ISHARES S&P 500 VALUE ETF | ETF | 464287408 | 12,624 | 116,987 | SH | | SOLE | | 116,987 | 0 | 0 |
ISHARES S&P MIDCAP 400/GROWTH | ETF | 464287606 | 10,529 | 52,031 | SH | | SOLE | | 52,031 | 0 | 0 |
ISHARES S&P MIDCAP 400/VALUE E | ETF | 464287705 | 6,818 | 44,642 | SH | | SOLE | | 44,642 | 0 | 0 |
POWERSHARES S&P 500 QUALITY | ETF | 73935X682 | 1,167 | 40,546 | SH | | SOLE | | 40,546 | 0 | 0 |
RUSSELL 2000 INDEX FUND | ETF | 464287655 | 11,300 | 76,258 | SH | | SOLE | | 76,258 | 0 | 0 |
S&P 500 PURE GROWTH | ETF | 78355W403 | 656 | 6,560 | SH | | SOLE | | 6,560 | 0 | 0 |
S&P 500 PURE VALUE | ETF | 78355W304 | 619 | 10,055 | SH | | SOLE | | 10,055 | 0 | 0 |
SELECT SECTOR SPDR- REAL ESTAT | ETF | 81369Y860 | 19,888 | 616,882 | SH | | SOLE | | 616,882 | 0 | 0 |
SELECT SECTOR SPDR-CONSUMER DI | ETF | 81369Y407 | 97,437 | 1,081,670 | SH | | SOLE | | 1,081,670 | 0 | 0 |
SELECT SECTOR SPDR-ENERGY | ETF | 81369Y506 | 167,212 | 2,441,769 | SH | | SOLE | | 2,441,769 | 0 | 0 |
SELECT SECTOR SPDR-FINANCIAL | ETF | 81369Y605 | 111,926 | 4,328,142 | SH | | SOLE | | 4,328,142 | 0 | 0 |
SELECT SECTOR SPDR-HEALTH CARE | ETF | 81369Y209 | 119,971 | 1,467,890 | SH | | SOLE | | 1,467,890 | 0 | 0 |
SELECT SECTOR SPDR-INDUSTRIAL | ETF | 81369Y704 | 90,922 | 1,280,590 | SH | | SOLE | | 1,280,590 | 0 | 0 |
SELECT SECTOR SPDR-MATERIALS | ETF | 81369Y100 | 26,706 | 470,180 | SH | | SOLE | | 470,180 | 0 | 0 |
SELECT SECTOR SPDR-TECHNOLOGY | ETF | 81369Y803 | 171,779 | 2,906,584 | SH | | SOLE | | 2,906,584 | 0 | 0 |
SELECT SECTOR SPDR-UTILITIES | ETF | 81369Y886 | 64,164 | 1,209,500 | SH | | SOLE | | 1,209,500 | 0 | 0 |
SPDR S&P BANK ETF | ETF | 78464A797 | 5,163 | 114,500 | SH | | SOLE | | 114,500 | 0 | 0 |
SPDR S&P OIL & GAS EXPLORATION | ETF | 78464A730 | 10,738 | 315,000 | SH | | SOLE | | 315,000 | 0 | 0 |
SPDR-S&P 500 INDEX | ETF | 78462F103 | 60,837 | 242,155 | SH | | SOLE | | 242,155 | 0 | 0 |
VANECK VECTORS GOLD MINERS | ETF | 92189F106 | 3,444 | 150,000 | SH | | SOLE | | 150,000 | 0 | 0 |
VANECK VECTORS JUNIOR GOLD MIN | ETF | 92189F791 | 4,031 | 120,000 | SH | | SOLE | | 120,000 | 0 | 0 |
VANGUARD FTSE EUROPE ETF | ETF | 922042874 | 24,212 | 415,090 | SH | | SOLE | | 415,090 | 0 | 0 |